Future of Technology in the Family Office
Overview
FOX’s Kent Lawson moderated a discussion on how family offices are incorporating automation to free resources for higher value add activities, leveraging data to make more informed decisions, partnering with third-parties to fill non-core capabilities, and ensuring it is all done with proper cybersecurity protocols to protect family data.
Moderator: Kent Lawson, Director, Technology Integration Services, Family Office Exchange
Catherine Garner, Head of Technology, Walton Enterprises
Robert Gray, Assistant Vice President, Enterprise Operations and Executive Security, Cox Enterprises, Inc.
Jonathan Tunner, Director, Private Investment Opportunities, Family Office Exchange
Kyle Yost, Finance Manager, Rock Ventures LLC
Insights and Key Takeaways
To be successful in our ever-changing world, family offices need to embrace new technology like never before. The question is, how can a family office technology leader incorporate change to meet family members’ needs. One aspect is by replacing manual processes and older legacy systems with new tech offerings, such as process automation, data and analytics, visualization capabilities, and AI (artificial intelligence).
Further, with the massive digital expansion, and as technology permeates the entirety of the family office, tech leadership must be part of strategic planning. Tech leaders must also be aware of the evolution of family offices into an e-services model, for the purpose of driving value and providing transparency. And family office leaders should identify which core services can be performed by internal staff, and where you can outsource.