Clearwater Analytics: AI improves job security and productivity
Senior executives at asset management firms are overwhelmingly positive about the benefits of artificial intelligence (AI) for enhancing their job security, new research from Clearwater Analytics shows.
While there is concern more widely that the technology may be responsible for reducing work for humans, 61% of senior executives at asset managers participating in the research, which covered a broad spectrum of fund managers including insurance asset managers, hedge funds, private markets specialists, and general asset managers, say AI will increase their job security. However, more than a quarter (28%) of those surveyed concede AI will reduce job security and 1% say it will replace their role completely.
The Efficiency Dividend
The efficiency gains AI is delivering are tangible and measurable. Six per cent of managers report saving between one and 30 minutes per week, while one in three save between 31 and 59 minutes. The impact is more significant for the majority: 45% report efficiency gains of one to two hours per week, while 16% are saving as much as three to four hours.
Building for the AI Age
The data suggests that AI is not being viewed as a replacement for human talent. Asset managers are making deliberate investments to ensure their people evolve alongside the technology. Seven in ten firms are providing AI literacy and awareness training, while 63% are investing in internal mobility and redeployment pathways, actively repositioning talent rather than reducing it. Almost half (49%) are redesigning roles specifically to integrate human and AI collaboration, and 47% are hiring talent with AI-complementary skills. Taken together, these findings paint a picture of an industry that sees AI not as a substitute for human judgement, but as a platform for enhancing it.