What excites me is that you can use technology to travel in two equally helpful directions – you can use basic off-the-shelf technology to dramatically improve your current processes, or you can use tech to transform the way you do business.
- Cloud, APIs and open source provide tools to dramatically increase productivity at a fraction of current technology costs
- Data, the ease and speed of accessing, linking and analyzing information can improve the quality of decision making
- There is a need for people who can apply these tools to improve asset management
There has been a lot written about how technology, “fintech”, cloud, etc. is changing the world and I won’t repeat that here. The key insight I have to offer, having been involved in both investing and technology, is that we are at a point where technology can easily improve the way you work in investing not just incrementally, but exponentially. Ashby Monk at Stanford introduced the term “invest-tech” in an interesting article and its worth reflecting upon what that means for asset allocators and asset managers.
Disclaimer: All views expressed in this article are that of the author and do not necessarily reflect the views of his employer or any of its affiliates. The author may be associated as an investor or as an advisor with certain companies mentioned in this article.