Numerous studies have recently catalogued the disruption robo-advisers are set to ring in to strategy and management consulting. Several financial services firms such as Black Rock, Morgan Stanley, Schwab and Vanguard have started using hybrid machine/adviser solutions. A report by Deloitte states that assets that will be managed by automated services will increase to between five and seven billion dollars by 2025 as opposed to the present three-hundred billion. Credit rating agency Fitch, meanwhile suggests that there will be double digit growth in this category consistently for several years from now. Research firm A.T. Kearney seconds this view by insisting that the two-billion figure will be crossed by as soon as 2021. The reasons for such exponential growth are aplenty, but key among them is the size of data warehousing now on, estimated at 10.5 ZB by 2020. A McKinsey report claims that many companies are today both investors as well as operators. AI too is growing super-fast, while tools run on the technology, are falling leading to a rise in availability. Plus, these solutions bring benefits to all kinds of companies. In order to be good at this, there are three broad approaches. They are either to develop one’s own pure-play solution, enter into a partnership with any existing provider, or to create an internal robo-advisory service.


Uploaded Date:13 February 2018

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