Another group of financial market professionals may be replaced by machines

Terminator

Terminated.

Standard Life Investments, the global investment manager, has proposed that there will soon be no need for fund managers.

The Daily Telegraph reports that in a report published this month by the investment firm, they argue that long-term strategy fund managers could soon be replaced by machines.

'Using artificial intelligence applications have enhanced our understanding and analysis of financial market behaviour, adding to the range of predictive tools', the investment firm says.

While the firm is aware that, traditionally, 'investment approaches generally contain both qualitative and quantitative elements', which means that 'in broad terms human thinking may be better suited to the qualitative side while computers are used to varying extents to add value to quantitative inputs'. This looks like it could change.

The flaws in human financial decision making are clear and the ability of a computer to 'improve the quality of trading decisions…or to speed up the execution of trades' is too great to ignore.

To access the complete Daily Telegraph article hit the link below

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images: © Brad Flickinger, © Ewen Roberts

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