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Doug Fritz on Embracing Technology and Debunking AI HypeDoug Fritz on Embracing Technology and Debunking AI Hype
Doug Fritz of F2 explores AI's impact on wealth tech, emphasizing practical implementation, data organization, and the role of CTOs.
October 27, 2023
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F2’s Doug Fritz tackles the complex question of what role has technological innovation, specifically AI, played in shaping the growth of the wealth technology sector? He notes that discussions have shifted from theoretical technology application to practical implementation, enhancing client experience. While AI remains a popular buzzword, its real importance lies in prompting firms to organize their data, a foundational step crucial for all future innovations. He also weighs in on why firms should prioritize hiring experienced Chief Technology Officers (CTOs) to effectively navigate and implement these technological shifts.