Innovating in Asset Management: How Axyon AI is Leading the Charge
At Axyon AI, our mission is to revolutionise asset management through the strategic use of artificial intelligence. Our CEO, Daniele Grassi, shared fascinating insights in an interview with Focus Risparmio, highlighting how AI and machine learning reshape the financial landscape.
One aspect of Axyon AI's journey is our commitment to innovation from the heart of Italy. Based in Modena, a city renowned for its engineering prowess and technological excellence, we develop cutting-edge AI solutions that drive real-world results in asset management. Daniele emphasises that innovation can thrive without crossing national borders, leveraging local talent and resources, such as Cineca, one of the world's leading computational centres.
Artificial intelligence, particularly within asset management, has become the topic of the moment. Yet, there needs to be more clarity, especially with the widespread introduction of large language models like ChatGPT. While these systems fall under the AI umbrella, true AI involves deeper conceptual frameworks and higher levels of abstraction, mirroring human reasoning.
In the financial world, there's an overly simplified view that AI will universally dictate investment decisions. Daniele clarifies that this is far from reality. Axyon AI focuses on generating performance predictions in specific investable universes, meticulously filtering data for quality. These sophisticated predictions are far beyond what can be achieved through basic language models.
AI in Action: Transforming Asset Management
Asset managers increasingly want to introduce previously unanalysed data sets to enhance their decision-making processes. AI provides an unprecedented efficiency boost in generating actionable signals from vast data sources. Imagine deriving investment signals from the global financial press or analysts' target price estimates for specific stocks—tasks previously unimaginable due to prohibitive costs and complexity. Today, AI makes these tasks not only possible but efficient and impactful.
The evolution of AI in asset management isn't about discovery but significant technological advancements made between 2014 and 2016. These years saw exponential growth in data storage capacity, machine learning advancements driven by computer vision research, and a substantial increase in computational power. This perfect storm of data, algorithms, and computing power has propelled neural networks into a new dimension, leading to what we now consider artificial intelligence.
Strategic Integration and Continuous Learning
Daniele explains that financial markets pose unique challenges compared to the stable contexts for which traditional AI technologies were initially developed. Markets are dynamic and constantly changing, requiring AI systems to engage in continuous learning rather than static knowledge applications. This shift from knowledge-based to learning-based AI is crucial for accurately responding to volatile market conditions.
Axyon AI's technology is built on three core principles:
- Automation: Ensuring processes are fully automated to minimise human error and enhance efficiency.
- Data Quality: Prioritising the accuracy and relevance of data to derive meaningful insights.
- Predictive Monitoring: Constantly tracking the effectiveness of predictive models to ensure they remain current and accurate.
Who Benefits from Axyon AI's Innovations?
Leading asset managers, including Anima and Mediolanum Gestione Fondi utilise our solutions. These partnerships enable the rapid integration of AI into investment processes, providing AI-generated rankings and model strategies tailored to specific client-defined universes. Additionally, we serve hedge funds, banks, and wealth management firms, helping them leverage AI for better asset management.
Excitingly, we are also venturing into collaborations with IT infrastructure providers for asset management. This will allow managers and analysts to use our technology as a Copilot, further integrating AI into their daily operations.
To dive deeper into these insights, read the full interview with Focus Risparmio, and discover how Axyon AI is leading the charge in making AI an integral part of asset management.