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Laxman Pai, Opalesque Asia:

Global asset managers are prioritizing operational efficiency as 57% of respondents state that increasing automation to drive operational efficiency is their top priority for the next 12 months, revealed a survey.

The 2023 Global Asset Management Survey by Linedata said that firms are focusing on margins amid challenging markets and are seeking ways to optimize their operations and streamline processes to stay ahead.

Respondents also highlighted the importance of the client experience (37%) and their ability to customize strategies (29%) as they seek to differentiate themselves in a crowded market.

The survey also said that more asset managers seek greater flexibility than a single technology platform approach. The percentage of managers opting for a balance between front-to-back platforms and best-of-breed solutions has more than doubled since 2021 (up to 42% in 2023 versus 23% in 2021).

Significant opportunity exists for AI adoption to solve post-trade problems; asset managers are leveraging AI tools for the front office. 32% of managers are using AI for investment research and 30% for portfolio analysis.

For middle and back-office functions such as fund accounting and post-trade compliance, however, only 20% of respondents have benefited, from predictive analytics, leaving these untapped areas for operational improvement.

Firms seek a pragmatic approach to improve integration and operational efficiency without sacrificing ap......................

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