London-27th September 2024 – Institutional investors are increasingly embracing digital assets while navigating rising cyber and AI threats, according to insights from Northern Trust’s Tech Horizons symposium. The survey also reveals a strong belief in AI’s potential to optimize and enhance digital portfolios, tackling concerns over rising Cybersecurity risks.
With an ever-evolving data landscape, institutional investors are looking to strike a balance between their excitement for new technologies and their worries about the growing threats posed by AI-powered cyber threats. These observations come from the Tech Horizons: Exploring the Future of Innovation conference, which Northern Trust recently conducted in London.
In addition to data as a strategic asset, digital assets, and the future of cloud and artificial intelligence, the event brought together more than one hundred investment professionals and industry consultants to talk about important emerging issues.
As per a live survey carried out at the symposium, thirty-four percent of participants had either integrated or intended to integrate digital assets into their investment portfolios, highlighting the increasing significance of these assets in propelling multiplicity and creativity.
According to 66% of participants, private assets will benefit the most from the digital shift, followed by real assets like real estate and commodities (53%). Still, 88% of respondents considered cybersecurity to be a major area of focus. This aligned with another major concern, according to 81% of respondents, being AI-driven dangers.
Positively, more than 33% of respondents said AI will significantly improve portfolio optimization, and many anticipate it will have an impact on risk management (21%) and manager due diligence (26%) as well.
“These findings reflect both the opportunities and challenges in navigating the digital shift,” said Pete Cherecwich, Northern Trust’s incoming COO.
He also stated their commitment to clients saying,
“As the investment landscape continues to evolve, we remain committed to providing our clients with the insights and solutions needed to manage these dynamic changes.”
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