/markets

News and resources on capital markets, exchanges, trade execution and post-trade settlement.

LSEG Labs publishes AI/ML report

LSEG Labs launched the findings of its third annual artificial intelligence and machine learning (AI/ML) report (attached), which explores the current market landscape for AI/ML and how rapid acceleration in data literacy, resulting from the Covid-19 shock, is really just a glimpse of what’s yet to come.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Key themes highlighted in the 2021 report include:
• Deep learning is now the favoured type of AI/ML - 84% of global respondents now apply deep learning in their business.
• Data quality and availability are still stubborn issues, but tech is becoming more of a barrier to adopting new AI/ML technologies/techniques.
• North America loses its AI/ML lead as EMEA and Asia Pacific catch-up.

Asia Pacific (APAC) insights include:
• AI/ML adoption levels into multiple areas of the business have increased in Asia Pacific. This year, 51% of respondents at Asia Pacific-based companies say their company deploys AI/ML in multiple areas of the business, compared with 37% last year.
• Crucially, companies in both Asia Pacific perceive AI/ML as a core component to business strategy far more than was the case last year, with 94% of companies in the region believing this to be case, up from 69% last year.
• This strategic commitment is also backed up by rising levels of investment. This year’s survey shows a 10% rise in the number of Asia Pacific respondents who agree their companies significantly invest in AI/ML.
• Companies in Asia Pacific are also rapidly evolving their processes to match organisational patterns in North America. For example, companies are now on par with having their AI/ML decision-makers distributed across the business.

Geoff Horrell, Head of Group Innovation, London Stock Exchange Group, says:
“Now in its third edition, our 2021 AI/ML report shows that data is now the dominant force shaping strategic decisions: who companies hire, what they invest in and, who they partner with. Nearly half (45%) of companies globally are accelerating away from the others with more AI/ML deployments, broader talent plans and clearer data and technology strategies. As AI/ML adoption in Asia Pacific grows amid a complex, fragmented and rapidly changing technology landscape, so does the need for better engagement - customers, employees and business leadership all need to come together to build the new frontier of data-driven financial markets infrastructure.”

Sponsored [Webinar] Unifying Card Programmes: The cost-reduction imperative

Comments: (0)

[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming MandatesFinextra Promoted[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates