Wall Street Braces for Big Changes Over the Next Five Years

If you asked the smartest people in the room late last year what was about to happen inside the US banking system, exactly none would’ve predicted the chaos to come. So our panel of experts is taking a distinct risk in trying to answer an even harder question. Their responses have been edited for length and clarity.

Machine learning and artificial intelligence will transform the financial-services industry. Business executives, investors and advisers will be able to understand and interpret massive data sets very quickly and easily, allowing them to make much more informed, efficient and better decisions across M&A, financings, asset allocation and much more. There will be a dramatic change in the usage and impact of predictive analytics, which we are already starting to see, but have only just scratched the surface in terms of possibilities.