NEW IT PARADIGM IN THE ASSET MANAGEMENT INDUSTRY - Modern Technology (AI, Cloud Computing, Big Data, etc.) is complex and does not happen overnight. Its evolution in the asset management industry is already being felt. One clear indication of this is the New IT Paradigm.
When Modern Technology occurs and more advanced algorithms are needed, then other functional areas of an organization need a heads up. For example, auditors must be informed that last year's IT mechanisms are now being governed by updated mathematical equations - otherwise, the audit would be based on inaccurate information. Actually, the ramifications of the new tech movement in all areas of financial services are seemingly endless.
Asset Managers Tech will be providing you and your colleagues with detailed coverage of the New IT Paradigm in the coming months as we engage industry professionals in our many trade group activities.