All of our clients are raising the bar on expectations for technology investments in their business. Most importantly, investment teams are hunting for alpha in alternative data sources, and algorithms for mining this information and making it actionable. Technology tools are becoming a key driver of service sophistication, including predictive analytics to avoid client problems. Technology tools, such as software process robotics, are driving operational efficiency, as margins are constantly under pressure by more sophisticated clients.
This is excellent survey data that reflects the experience we are having with our clients. The Alternative Investment Management Association should be congratulated for this landmark effort.