SimCorp Study Shows 70% of Investment Managers Use AI in Front Office
A new global study commissioned by SimCorp found that 70% of buy-side investment firms are now using artificial intelligence to support front-office functions, announced in a press release. This represents a significant increase from the previous year, when only around 10% of respondents reported active use of AI tools.
The study highlights that consolidating technology vendors and platforms, along with modernizing technology architecture, are the top priorities for buy-side firms. Vendor stability was identified as the most important factor when evaluating AI solutions.
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