Technology Panel Discussion: Planning for Tomorrow’s Technology Today
Overview
FOX has brought together multiple service providers to highlight their direction and strategies. Gain insights into how different technology is building to work together and discover how this change in direction empowers family offices to select technologies and solve unique challenges.
Moderator: Erin Hulse, Owner, Deviate Consulting
Deviate Consulting focuses on software consulting and selection for single and multi-family offices.
Featuring:
Ryan Kerry, CEO, KnowLedger
Mary Timmons, Chief Operating Officer, Global Family and Private Investment Offices Group, Northern Trust
Diana Ermini, Director of Financial Services Vertical, Sage Intacct
Insights and Key Takeaways
When asked what technology trends and advancements will most affect how family offices do business in the future, the panel agrees that data access, aggregation and management is a priority, as is having robotics handle daily repetitive transactions like K1’s or capital call notices.
The group also notes that machine learning helps make decisions around unstructured data. Machine learning can read thousands of articles and books, and easily identify trends and insights around not just your accounting data, but also you investment decisions or even art purchases.
Interestingly another trend is around augmented reality. How can a family office engage the next generation, who is on their phones all day? The answer by using an augmented reality, such as a video game that shows investment reports.