Disruption and the pace of change in the alternative asset management industry
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At the tipping point
Sweeping change has taken hold of the financial services industry: robotics and artificial intelligence (AI) are fundamentally changing the relationship that financial institutions have with end users, the vast proliferation of data is changing the way that institutions ultimately make business decisions, and the skill sets that are needed to drive the business forward are changing the mindsets of those who occupy the corner office, fundamentally changing the way that they conduct business. With this as a backdrop, it is a certainty that the pace of change will continue to gain momentum. And as with other segments of the financial services landscape, the alternative fund industry now finds itself at that defining moment as well – a tipping point in its evolution where disruptive technology represents a virtual signpost on the road to future success.