Indian investors lead the world in AI adoption; but they still need human judgement to make the final call: HSBC
New global research shows 98% of affluent and HNW Indians use AI, with 86% applying it to finance and investing, but rely on trusted professional advisers when making decisions.
Investors in India are setting the global pace for artificial intelligence adoption in finance and investing, according to new research commissioned by HSBC from Ipsos.
A new survey of around 10,000 affluent and high-net-worth individuals across 10 markets, including 1,115 from India, shows AI is a mainstream tool supporting investors’ day-to-day finance and investment decision-making. In India, 86% apply AI specifically to finance and investment – the top area they use AI in their lives, and the highest usage across all markets surveyed including the global average (73%).
Within finance and investment, the top three common uses of AI by Indian investors are for analysis and research (80%), strategy support (70%) and to sense-check their thinking and get a second opinion...
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