The Investment Association – Artificial Intelligence: Current and Future Usage Within Investment Management, Oct 2024

The Investment Association's October 2024 report, "Artificial Intelligence: Current and Future Usage within Investment Management," examines the integration of AI technologies in the UK asset management industry, highlighting both current applications and future potential. The report identifies mature use cases of classical AI, such as algorithmic trading and anti-money laundering monitoring, which have been foundational in the industry. It also explores emerging applications of generative AI, noting its capability to generate new content and interact in natural language, offering a paradigm shift in innovation. The study discusses enablers and barriers to AI adoption, emphasizing the need for regulatory clarity, robust governance frameworks, and industry collaboration. It underscores the strategic opportunity AI presents to enhance operational efficiencies, develop innovative solutions, and improve customer service offerings, thereby increasing the competitiveness of the UK's investment sector and contributing to economic growth.