No one doubts that an artificial intelligence revolution is coming fast to the world of public pensions, but the first transformative signs in their pension portfolio operations will come from the private sector. Securities analysts, portfolio management companies and pension consultants will use AI tools to become more productive with fewer employees (at least once AI overcomes today’s hallucination stage). Complex data analytics and decision-making models are already being deployed by those on the cutting edge to exploit information advantages that enhance their performance — and eventually their value to pension portfolios.
We’re not just talking about “personal information assistants.” Those who complacently expect that AI in their offices will essentially be a search engine on steroids are missing the point, as are those whose AI cognizance comes mostly from the latest “Mission Impossible” movie plot.
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