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With new wealth management industry and technology trends emerging, this year is set to be a transformative one, and not just for GoUpscale. As technology advances and expectations shift, we’re looking forward to key developments that will shape the sector.
The financial industry has long been cautious in adopting new technologies. A study by the Digital Banking Report in August 2024 found that while 93% of financial institutions anticipate AI-driven profitability improvements within five years, only 13% consider their AI maturity highly advanced. This highlights a significant gap between expectation and execution.
Source: McKinsey Global AI Survey (2024)
Up from $50 billion in 2020
Source: PwC AI Report
The hype around AI has led to inflated expectations, often fueled by social media narratives. Many still underestimate the limitations of Generative AI—studies highlight the risks, such as a Cureus Journal of Medical Science report that found 69 out of 178 AI-cited references were incorrect or non-existent. A more nuanced understanding of AI’s capabilities will be crucial in 2025.
We aim to continue differentiating mainstream AI tools from specialised solutions tailored to wealth and asset management. Already, we’ve analysed over 50,000 industry-specific documents—from factsheets to market reports—and our goal is to reach 100,000, reinforcing AI’s role in driving productivity and revenue.
Widespread AI adoption in wealth and asset management won’t happen overnight. However, 2025 will see growing awareness, improved industry-specific applications, and more responsible AI-driven content engagement. At GoUpscale, we’re committed to being part of this transformation—educating, innovating, and proving the tangible benefits AI can bring to this evolving landscape.
Here’s to a groundbreaking year ahead—let’s go, 2025!
Ready to explore how AI can transform your business? Contact us to get started.
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