Fink explained that the investment decision process is a lot different today than it has been in the past given the tremendous trove of information available. But for the time being at least, machines aren't yet able to dissect all of this data to come up with a superior performance versus human analysts.
Best Of Both Worlds
Fink did emphasize the fact that BlackRock isn't replacing humans with machines, rather the company is merely looking to better make use of the trove of information available to give humans better ideas and options.
"Very fast computers can analyze blogs, analyze all the feeds on the internet to come up with different nuances, different fields of information," Fink said. "So basically, [it's] a recognition there are more sources of information and requires very fast computing, it requires model analysis and deep data analysis."
Bottom line, Fink believes money managers still have "more to learn" from the use of machine technology and this could lead to better investment ideas.
Related Links:
BlackRock's Fink Isn't Lending His Support To Trump's Plan To Repatriate Trillions Of Dollars
Artificial Intelligence, Machine Learning Could Threaten Apps
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.