More than one third (37%) of the industry are ‘very concerned’ about incorporating artificial intelligence (AI) into their business, a recent Professional Adviser poll has shown.
In the latest PA Asks, 37% of the respondents said they are ‘very concerned' regarding data security when incorporating the technology into their business. One pundit who said they were ‘very concerned' had no plans to incorporate AI in their business, whilst another said they are "not prepared to risk clients' data to adopt the AI currently available". "AI still needs lots of refining in my opinion and extra safeguards put in or we could have another Post Office type scandal investment based," they warned. Meanwhile, more than half (54%) are ‘somewhat concerned'. Just 7% of respon...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
