BLOGS. July 24, 2024
Focus on Core Competencies by Leveraging Technology Solutions
Asset managers are under increasing pressure to reduce costs while providing top-tier service to remain competitive. Technology is a common method of achieving these goals, particularly given the pace of technology and the surge of artificial intelligence (AI). One of the dangers of an asset management firm trying to develop their own technologies and platforms is that each firm is deploying internal resources to achieve the same goal when those resources would be better utilized focusing on core strategic activities. By leveraging scalable solutions instead of developing and maintaining the technology in-house, asset managers can focus on servicing their end clients without having to keep up with the breathless pace of technology advancements.
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