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ENTERPRISE SOFTWARE

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The enterprise software, then, is composed of a combination of “thinking” and “acting” software. The thinking-acting sequences imply integration of AI software with non-AI software to build work-task sequences. But these task sequences are not built around automating human-centric processes. In other words, automation requires rethinking the business models, and processes need to be built around machine work. Machines work differently than humans. In the next chapter, we will cover the design principles of AI-centric designs. At this stage, it is important to recognize that designing a modern investment management firm requires building an integrated software architecture of non-intelligent (legacy or traditional software) and intelligent (machine learning, rules-based) software.

Artificial Intelligence for Asset Management and Investment

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