‘Use Digital Transformation to Find Your Own Goal'

Swarup Mohanty CEO, Mirae Asset Investment Managers India Pvt.Ltd speaks on changes that occurred in asset management after the entry of digitalisation and how it spiked up during the last two years. Harish Toshniwal Customer Success lead - Investment Solutions South Asia, Refinitiv moderated the webinar – Master talk: Digital Transformation in Asset Management: Role of Technology in Harnessing Data, jointly organised by Outlook Money and Refinitiv. Excerpts from the proceedings:

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We are standing at the threshold of a phenomenal change, as most of the industries, going ahead, will be digitally driven. “If we can buy vegetables online, the mutual funds are a matter of time.” We have embraced the work-from-home trend and started working digitally, in the absence of physical transactions. As far as AI-driven investment strategies are concerned, the market is reaching new heights. “AI and machine learning not only help in crunching numbers and taking calls, but also bring analysis from the market and help the fund manager gain the sentiments of the particular stock in the market.”

The technology will help the fund houses in predicting the investor’s behaviour.