STOCK TITAN

Nearly 70% of Financial Services Firms Expect Benefits from AI Investments in the Next Year, SS&C Survey Finds

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
AI

SS&C Technologies released findings from a survey of 213 financial services industry leaders, revealing growing AI adoption trends. The survey shows that 69% of firms expect AI benefits within a year, with 39% already seeing measurable results. While 82% of firms use AI at some level, only 13% report organization-wide adoption.

Key findings indicate that 65% of firms have C-suite executives leading AI initiatives, and 84% have developed or are developing AI policies. Top use cases include data analysis (52%), routine task automation (34%), and content development (29%). Major challenges include data privacy (70%), regulatory compliance (52%), and talent shortage (39%).

SS&C Technologies ha pubblicato i risultati di un'indagine condotta su 213 leader del settore dei servizi finanziari, rivelando tendenze in crescita nell'adozione dell'IA. L'indagine mostra che il 69% delle aziende si aspetta benefici dall'IA entro un anno, con il 39% che già osserva risultati misurabili. Mentre l'82% delle aziende utilizza l'IA a qualche livello, solo il 13% riporta un'adozione a livello organizzativo.

I risultati chiave indicano che il 65% delle aziende ha dirigenti di alto livello che guidano le iniziative sull'IA, e l'84% ha sviluppato o sta sviluppando politiche relative all'IA. Le principali aree di utilizzo includono l'analisi dei dati (il 52%), l'automazione delle attività di routine (il 34%) e lo sviluppo dei contenuti (il 29%). Le principali sfide includono la privacy dei dati (il 70%), la conformità normativa (il 52%) e la carenza di talenti (il 39%).

SS&C Technologies publicó los hallazgos de una encuesta realizada a 213 líderes de la industria de servicios financieros, revelando tendencias crecientes en la adopción de IA. La encuesta muestra que el 69% de las empresas espera beneficios de IA en un año, con el 39% que ya ve resultados medibles. Mientras que el 82% de las empresas utiliza IA en algún nivel, solo el 13% informa de una adopción a nivel organizacional.

Los hallazgos clave indican que el 65% de las empresas tiene ejecutivos de nivel C liderando iniciativas de IA, y el 84% ha desarrollado o está desarrollando políticas de IA. Los principales casos de uso incluyen el análisis de datos (el 52%), la automatización de tareas rutinarias (el 34%) y el desarrollo de contenido (el 29%). Los principales desafíos incluyen la privacidad de datos (el 70%), el cumplimiento normativo (el 52%) y la escasez de talento (el 39%).

SS&C 테크놀로지스는 금융 서비스 산업 리더 213명을 대상으로 한 설문 조사 결과를 발표하며 증가하는 AI 채택 추세를 보여주었습니다. 조사 결과 69%의 기업들이 1년 이내 AI의 혜택을 기대하고 있으며, 39%는 이미 측정 가능한 결과를 보고하고 있습니다. 82%의 기업이 어떤 수준에서든 AI를 사용하고 있지만, 단지 13%만이 조직 전체에서의 채택을 보고합니다.

주요 결과에 따르면 65%의 기업이 AI 이니셔티브를 이끄는 C-suite 경영진을 보유하고 있으며, 84%는 AI 정책을 개발 중입니다. 주요 사용 사례에는 데이터 분석 (52%), 일상적인 업무 자동화 (34%), 콘텐츠 개발 (29%)이 포함됩니다. 주요 도전 과제로는 데이터 프라이버시 (70%), 규제 준수 (52%), 인재 부족 (39%)이 있습니다.

SS&C Technologies a publié les résultats d'une enquête menée auprès de 213 dirigeants du secteur des services financiers, révélant des tendances croissantes en matière d'adoption de l'IA. L'enquête montre que 69% des entreprises s'attendent à des bénéfices de l'IA dans l'année, avec 39% qui constatent déjà des résultats mesurables. Bien que 82% des entreprises utilisent l'IA à un certain niveau, seulement 13% rapportent une adoption à l'échelle de l'organisation.

Les résultats clés indiquent que 65% des entreprises ont des dirigeants de haut niveau menant des initiatives liées à l'IA, et 84% ont développé ou sont en train de développer des politiques en matière d'IA. Les principaux cas d'utilisation incluent l'analyse de données (52%), l'automatisation des tâches routinières (34%) et le développement de contenu (29%). Les principaux défis incluent la protection des données (70%), la conformité réglementaire (52%) et la pénurie de talents (39%).

SS&C Technologies hat die Ergebnisse einer Umfrage unter 213 Führungskräften der Finanzdienstleistungsbranche veröffentlicht, die wachsende Trends in der KI-Akzeptanz aufzeigen. Die Umfrage zeigt, dass 69% der Unternehmen innerhalb eines Jahres mit Vorteilen aus KI rechnen, wobei 39% bereits messbare Ergebnisse sehen. Während 82% der Unternehmen KI auf irgendeiner Ebene nutzen, berichten nur 13% von einer unternehmensweiten Einführung.

Wichtige Ergebnisse zeigen, dass 65% der Unternehmen Führungskräfte der obersten Ebene haben, die KI-Initiativen leiten, und 84% haben Richtlinien für KI entwickelt oder entwickeln diese. Die wichtigsten Anwendungsfälle umfassen Datenanalyse (52%), Automatisierung von Routineaufgaben (34%) und Inhaltsentwicklung (29%). Die größten Herausforderungen sind Datenschutz (70%), gesetzliche Compliance (52%) und Fachkräftemangel (39%).

Positive
  • None.
Negative
  • None.

WINDSOR, Conn., Nov. 19, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced findings from a new survey: financial services companies are increasingly leveraging artificial intelligence (AI) to drive operational value. Conducted at the 2024 SS&C Deliver conference, the survey of 213 industry leaders highlights how AI adoption is growing rapidly within specific departments.
However, only a fraction of firms have achieved enterprise-wide integration to drive substantial, consistent value.

"AI has evolved from an experimental tool to a strategic asset across firms, with about 40% of our survey respondents noting they engage with AI multiple times per week if not daily," said Rob Stone, Head of Intelligent Automation & Analytics at SS&C Technologies. "However, for most, the gains are still siloed within select teams and tasks, revealing a gap between the potential of AI and its current usage. Overcoming this disconnect can be challenging, but those who work with trusted technology partners reap the rewards."

Key findings from the report include:

  • Leadership support is key: 65% of firms say a C-suite executive leads their AI efforts, with CTOs (39%) most commonly at the helm. Just 10% say no specific team or person is leading AI strategy.
  • Standards are being set: Most firms (84%) have developed or are developing an AI policy.
  • The transformation is clear: 39% of professionals are already seeing measurable benefits from AI investments, with another 30% expecting results within the next year.
  • Top use cases include: data analysis (52%), automating routine tasks (34%), content development (29%) and research and development (29%).
  • Breadth of adoption varies: 82% of firms are using AI today at some level, though only 13% report organization-wide adoption.

While many firms are actively integrating AI, challenges such as data privacy (70%) and regulatory compliance (52%) persist. Additionally, a shortage of skilled talent (39%) further complicates adoption efforts, while budget constraints appear less problematic, with only 23% citing cost as a top concern.

SS&C serves as a model of AI's potential when the technology is integrated across business processes to drive meaningful impact. SS&C's Global Investor and Distribution Solutions (GIDS) team combined Blue Prism's Chorus BPM, digital workers, and generative AI to accelerate customer communications threefold, returning over 886,000 hours of productivity to employees this year.

Meanwhile, SS&C's GlobeOp team integrated intelligent automation and generative AI within their credit agreement workflow, achieving a 95% reduction in document processing time—from hours to just six minutes per agreement.

These initiatives showcase SS&C's commitment to leveraging intelligent automation, AI and orchestration to enhance accuracy, speed, and operational efficiency, offering a roadmap for financial services firms looking to replicate similar successes across their own operations.

Click here to review the full report.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nearly-70-of-financial-services-firms-expect-benefits-from-ai-investments-in-the-next-year-ssc-survey-finds-302309987.html

SOURCE SS&C

FAQ

What percentage of financial firms are currently using AI according to SS&C's 2024 survey?

According to SS&C's survey, 82% of financial firms are using AI at some level, though only 13% have achieved organization-wide adoption.

What are the main challenges in AI adoption for financial firms according to SSNC's survey?

The main challenges identified are data privacy (70%), regulatory compliance (52%), and shortage of skilled talent (39%). Cost concerns were less significant, with only 23% citing it as a top concern.

How many financial firms expect AI benefits within the next year?

69% of financial firms expect benefits from AI investments within the next year, with 39% already seeing measurable benefits and an additional 30% expecting results in the coming year.

What are the primary use cases for AI in financial services according to SS&C's 2024 survey?

The top AI use cases identified in the survey are data analysis (52%), automating routine tasks (34%), content development (29%), and research and development (29%).

SS&C Technologies Inc

NASDAQ:SSNC

SSNC Rankings

SSNC Latest News

SSNC Stock Data

18.37B
214.79M
13.24%
84.4%
0.93%
Software - Application
Services-prepackaged Software
Link
United States of America
WINDSOR