241 views
Photo by Anton Ryazanov via Unsplash

AI adoption soars amongst Singapore family offices, investment appetite flatlines

Despite this, more than half expect increase in investment over the next three years.

Ninety-six percent of 25 respondents—comprising family members and senior executives at Singapore-based family offices—are using artificial intelligence (AI) technology to improve operations and data insights, according to an Ocorian report.

But, none of the respondents are currently seeking investment opportunities in AI or related sectors.

Whilst 64% expect to increase investment in AI and other digital assets over the next three years, only 8% anticipate a dramatic increase.

The report also found that 24% of respondents strongly agree that AI will reshape how family offices are run and improve performance, value, and growth within the next year, whilst 76% believe the main impact will take between two and five years.

In a global survey across 16 countries and territories, 7% of respondents are currently seeking investment opportunities in the sector, despite 86% using AI in operations.

Michael Harman, Commercial Director UK and Channel Islands at Ocorian, said that whilst family offices are using AI for data insights and operations, adoption remains in its early stages.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.