Ocorian: Family offices turn to AI for financial data insights
Family offices increasingly adopt AI for financial insights.
According to new research from Ocorian, 86% of family offices are now leveraging AI to enhance their financial data insights and streamline operations. These private wealth groups, managing a combined wealth of $119.37 billion, are increasingly adopting machine learning to improve workflows, detect anomalies, and comply with regulatory requirements, although direct investment in AI technology remains low at just 7%.
Key Takeaways
- 1.
86% of family offices are using AI to enhance operations and data analysis.
- 2.
These offices manage a combined wealth of $119.37 billion.
- 3.
Only 7% are currently investing directly in AI technology firms.
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