Sector firms stand to gain significantly from Artificial Intelligence (AI) and Machine Learning (ML) in terms of productivity, efficiency and innovation, yet often lack the required motivation, scale and resources. Further, the potential of AI and ML remains hypothetical unless and until the leadership team at a firm has the authority, confidence and knowledge to persuade frontline advisers to embrace new ways of working. ‘Command & control’ is seldom a viable route to bring about change at a professional firm.
To accelerate the cascade of knowledge from visionaries to pragmatists to conservatives. If pragmatists are not fully engaged, a likely outcome for conservatives is either oblivion (for retail providers) or slow suicide (for B2B providers given their stronger client-adviser relationships). The Consortia also inform the NextGen PSF project and have committed to disseminate its findings.
Visionaries (est 10% of firms)
Pragmatists (est 25% of firms)
Conservatives (est 65% of firms)
Moderators contribute relevant educational content on a suitable basis and encourage their contacts worldwide to join and/or persuade their leaders to become members.