Artificial Intelligence for Asset Management and Investment: A Strategic Perspective (Wiley Finance) - Hardcover

Über die Autorin bzw. den Autor

AL NAQVI is the CEO of the American Institute of Artificial Intelligence, where he designs and develops machine learning based finance products, teaches classes on applied AI, deep learning, and cognitive transformation, and leads the company strategy. He studies the application of deep learning to financial engineering, investment, and asset management. He is also the author of Artificial Intelligence for Audit, Forensic Accounting, and Valuation (Wiley).

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Many in the finance industry see artificial intelligence as a new tech tool that can solve longstanding business problems, particularly in the area of quantitative investing. Although this view isn’t exactly wrong, it completely misses an important truth: AI is much more than a new tool, and it has the potential to transform―not merely improve―everything. Existing approaches to applying AI in finance, many of which are written to exclude anyone without a PhD in mathematics, cannot help firms sustain competitive advantage, because they simply don’t go far enough. We need to see beyond equations to truly understand and benefit from the AI revolution.

Artificial Intelligence for Asset Management and Investment shows readers how and why AI forms the new bedrock of the finance business. Yes, AI can help us improve our trades. But it is also transforming everything from customer service to supply chain and corporate social responsibility, and we need to strategically implement AI across all these areas of business if we want to remain competitive into the future. This is the first book to provide finance professionals (even quants) with a practical view toward building an AI-driven business.

The new kids on the block in the finance world understand something profound and revolutionary: AI is the business. The longer we keep machine learning siloed in the quantitative investment department, the higher the opportunity cost, and the greater the chances our clients will look elsewhere. It’s time to take the courageous step of reinvention, integrating AI into the strategic DNA of our firms. This book is a must for executives and managers who want to compete effectively in the new age of asset management.

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Many in the finance industry see artificial intelligence as a new tech tool that can solve longstanding business problems, particularly in the area of quantitative investing. Although this view isn't exactly wrong, it completely misses an important truth: AI is much more than a new tool, and it has the potential to transform--not merely improve--everything. Existing approaches to applying AI in finance, many of which are written to exclude anyone without a PhD in mathematics, cannot help firms sustain competitive advantage, because they simply don't go far enough. We need to see beyond equations to truly understand and benefit from the AI revolution.

Artificial Intelligence for Asset Management and Investment shows readers how and why AI forms the new bedrock of the finance business. Yes, AI can help us improve our trades. But it is also transforming everything from customer service to supply chain and corporate social responsibility, and we need to strategically implement AI across all these areas of business if we want to remain competitive into the future. This is the first book to provide finance professionals (even quants) with a practical view toward building an AI-driven business.

The new kids on the block in the finance world understand something profound and revolutionary: AI is the business. The longer we keep machine learning siloed in the quantitative investment department, the higher the opportunity cost, and the greater the chances our clients will look elsewhere. It's time to take the courageous step of reinvention, integrating AI into the strategic DNA of our firms. This book is a must for executives and managers who want to compete effectively in the new age of asset management.