More than half (59 per cent) of global institutional investors have yet to discuss artificial intelligence with their managers, according to a new survey from Coalition Greenwich.
The survey, which polled more than 100 institutional investors, found two-fifths (42 per cent) of asset owners have had conversations with some or all of their investment managers about AI.
Read: Institutional investors urged to examine AI integration beyond productivity: CPPIB
When asked about how AI will impact them, six in 10 (61 per cent) respondents cited research and idea generation, followed by portfolio optimization (56 per cent), portfolio risk management (46 per cent), trading (39 per cent) and compliance (33 per cent).
Similarly, respondents said reporting/portfolio analysis (79 per cent) and the due diligence process (57 per cent) has benefited greatly from AI.
More than two-fifths (43 per cent)of respondents said they feel positive about the ways investment managers have been able to deliver on the expectations of technology enablement over the last five years.
Read: 2024 Risk Management Conference: How can AI play a bigger role in investment decisions?