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Banking & Financial Institution Industry > Asset Management

Asset Management

IoT and Embedded Technologies: The Future of Connectivity and Automation

Asset management firms are capitalizing on the growing demand for digital solutions and sustainable investing. In 2023, global assets under management (AUM) reached $118 trillion, with McKinsey forecasting that AUM will surpass $150 trillion by 2030. A key trend in this space is the rapid rise of Environmental, Social, and Governance (ESG) investments. In 2023, ESG-focused funds attracted over $1 trillion in investments, and according to Morningstar, ESG assets are projected to comprise 33% of global AUM by 2030.

Asset managers are increasingly leveraging AI, machine learning, and big data analytics to enhance investment strategies, optimize portfolio management, and improve customer engagement. Digital-first platforms, such as robo-advisors, are democratizing wealth management services, offering low-cost, automated portfolio management to a broader range of investors.

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