New Asset & Wealth Management Industry AI & Data Science Consortium Provides industry-tailored insights & thought leadership and the opportunity to cost-effectively innovate around AI with experts & industry peers
06 June 2024 - 11:30PM
Alpha FMC, the leading global consultancy to the top asset and
wealth management, insurance, and private markets firms, today
announced the launch of its AI & Data Science Innovation Hub.
The Hub is a consortium of investment managers and AI experts from
across the globe collaborating and offering industry-specific
expertise to navigate artificial intelligence (AI) and data science
opportunities across the industry.
“There is a lot of noise and hyperbole around AI and data
science in the financial services market,” said Sam Iles, Alpha’s
Senior Partner and Head of Ventures & Innovation. “With the
Hub, we can provide clarity and a structured evaluation process
focused on delivering tangible, realistic AI-driven outcomes to our
clients, and offer members the opportunity to access
industry-specialist AI talent and collaborate with peers in an
efficient, cost-effective manner.”
The AI market is forecasted to experience an annual growth rate
of 37.3% through 2030. More businesses are exploring strategies to
apply the benefits of AI and data science to boost their bottom
line. However, navigating AI and data science can be intimidating
and extremely time-consuming, having to cut through the noise,
evaluate a plethora of vendor options, and work out how to apply AI
to industry-specific use cases in ways that add value. Through
Alpha’s new Hub, clients can join the consortium and have access to
AI experts, industry insights, blueprints and best practice to help
them achieve tangible results and outputs targeted to
industry-specific use cases.
“We created The Hub after hearing from clients that they wanted
to leverage AI and data science in a way that works for them,” said
Dr. Till Blesik, the data scientist leading The Hub. “There are a
plethora of AI solutions and options, the Hub allows us to
highlight the different strengths for our clients and offer
insights for a path forward rooted in rigorous and consistent
evaluation, and the collective knowledge of the consortium.”
Alpha’s Hub monitors and researches the latest innovations in
the industry and changes in leading technology platforms and
applications, helping clients leverage the most appropriate
technology architecture across their landscape. The Hub offers:
- Definitions of structured AI architectures
- Training and playbooks to enable the workforce
- Tailored benchmarks and actionable insights
- Organizational structures that fit architecture and
strategy
Additionally, all the AI resources developed in the Hub use
industry-leading tools and applications, such as Snowflake &
Azure, and through industry partnerships with tailored solutions
such as BlueFlame AI, to streamline portability into client
architectures when building solutions and ensure members stay at
the cutting edge of innovation with vendor solutions. The Hub is
being launched with a number of global investment managers as
founding members and will be available to additional members and
strategic partners within the next month.
To learn more about Alpha’s AI & Data Science Innovation Hub
and join the consortium, please contact
AIConsortium@alphafmc.com.
About Alpha FMCHeadquartered in the UK and
quoted on the AIM of the London Stock Exchange, Alpha is a leading
global provider of specialist consultancy services to the asset
management, wealth management and insurance industries. Alpha works
with all of the world's top 20 and 80% of the world's top 50 asset
managers by AUM, along with a wide range of other buy-side firms.
It has the largest dedicated team in the industry, with
approximately 1000 consultants globally, operating from 17
client-facing offices spanning the UK, North America, Europe and
APAC. To learn more, visit: Alphafmc.com
Media ContactMadison ThomasCSG for Alpha
FMC AlphaFMC@wearecsg.com
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