The former chief information officer for Swiss bank UBS, Kensho, believes that computers will be able to deliver better investment advice than humans in future. Wealth management firms are increasingly using artificial intelligence (AI) that abides by rules created by data scientists. Such systems are far more sophisticated than current robo-advisory services. Despite advancing AI capabilities, Bussman believes human judgment is critical to investing because of the risks inherent to relying on computer models alone.
The former chief information officer for Swiss bank UBS, Oliver Bussmann, believes that computers will be able to deliver better investment advice than humans in future. Wealth management firms are increasingly using artificial intelligence (AI) that abides by rules created by data scientists. Such systems are far more sophisticated than current robo-advisory services. Despite advancing AI capabilities, Bussman believes human judgment is critical to investing because of the risks inherent to relying on computer models alone.