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How AI and ML are important for asset management and finance Ft. Dr. Vikash Raj | IDFC Mutual Fund



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"A key application of AI/ML to operational functions is the quality checking, monitoring, and exception handling of the vast quantities of data on financial instruments that asset managers rely on. Data quality is of the utmost importance as making fewer errors reduces operational risk and protects the end clients.

ML is a specific data science approach to AI. ML programs learn to perform tasks by finding patterns in large data sets and making inferences instead of following explicit task-specific instructions that have already been programmed. Consider recent innovations with virtual assistants such as Apple’s Siri or Amazon’s Alexa that are already ubiquitous in millions of households. Based on the sounds a device receives (the input), an AI system using ML data science techniques attempts to determine what words have been spoken based on their similarity to a previously captured audio library.

Dr. Vikash Raj, Head of Business Analytics and Intelligence at IDFC AMC, has profound expertise in the fields of AI and technology. In this episode of The Moneywise Podcast, he explains how innovations like Artificial Intelligence (AI) and Machine Learning (ML) can transform asset management and finance. He also reveals the way these technologies are leveraged to bring improvements to the finance industry and how they can help investors achieve their investment goals.

#AIinAssetManagement #MLinAssetManagement #IDFC #IDFCMF

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"Dr. Vikash Raj, Head of Business Analytics and Intelligence at IDFC AMC, has profound expertise in the fields of AI and technology. In this episode of The Moneywise Podcast, he explains how innovations like Artificial Intelligence (AI) and Machine Learning (ML) can transform asset management and finance. He also reveals the way these technologies are leveraged to bring improvements to the finance industry and how it can help investors achieve their investment goals.
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Management
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