target audience: TECH BUYER Publication date: Oct 2023 - Document type: IDC Perspective - Doc Document number: # US51215523
IDC Perspective: The Proliferating Use Cases for Generative AI in the Capital Markets
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Abstract
This IDC Perspective highlights the increasing use cases for generative AI (GenAI) in the capital markets. In an era defined by data, speed, and augmented decision making, the capital markets have discovered a powerful tool in GenAI. As summarized within this report, GenAI is expected to be a persistent, transformative force across a wide variety of use cases. The dynamic nature of this technology is likely to alter most aspects of competition and influence the human capital needs of capital market firms.
"GenAI allows capital market firms to completely reimagine many essential workflows," says Thomas Shuster, research director, IDC Financial Insights. "Focused experimentation with the technology is expected to become a strategic imperative across the capital markets for years to come."