CFA Society to discuss new road map for AI, big data adoption for financial institutions

CFA Society Sri Lanka will lead a virtual discussion under the theme ‘T-Shaped Teams: Organising to Adopt AI and Big Data at Financial Institutions’, on Wednesday, October 13, 2021, at 3:30 p.m. onwards, Sri Lanka time. 

CFA Institute Senior Director Industry Research Larry Cao, CFA will be the main speaker, who will present the key findings of the CFA Institute research report of the above topic, whilst CFA Society Sri Lanka Director and Acuity Knowledge Partners Director Specialised Solutions Chamara Gunetileke, CFA will moderate the session
CFA Society Sri Lanka President Dinesh Warusavitharana, CFA said that the report mainly identifies a new organisational approach for enabling financial institutions to develop and successfully execute artificial intelligence (AI) and big data strategies. Further, it highlights the leadership vision and organisational change will be crucial for successful AI and big data adoption.

The report draws on extensive CFA Institute field research to highlight how investment organisations can put themselves on a path to successful AI and big data adoption. The research highlights successful experiences through the T-shaped team concept, a transformational organisation-wide approach that enables the technology (data science) and investment functions to collaborate to improve investment processes and outcomes.

Critically, the report identifies the role of the innovation function, which sits at the intersection of the technology and investment functions to provide the communication bridge and evaluate the proposed projects for their ability to deliver meaningful results to the investment teams. The report offers a how-to menu for investment organisations seeking to build their own T-shaped teams and includes case studies from three asset managers: UOB Asset Management, NN Investment Partners and Man Group.