Your Asset Management Firm Can Plan Better Trips With the Help of AI
There’s no question: in the world of asset management, data is key. If you want to stay ahead of the competition, you need access to data that is reliable and readily workable for various decision-making processes. The right technology is vital; without the proper tech in place, you won’t be able to leverage your data to its full potential. In this video series, we examine 6 areas where Artificial Intelligence (AI) can help your asset management firm increase its profitability, stay competitive, and improve the efficiency of day-to-day operations. This video is part 3 in our series. Don’t forget to check out the introduction,
The video featured below examines the different
Which Accounts Should a Wholesaler Visit?
Let’s say, for example, that a wholesaler is traveling to Chicago. Perhaps they’re looking to close a deal with a prospect. Or, maybe they’re attempting to resolve an issue with an account that’s at risk. Either way, sound judgment suggests the wholesaler ought to visit other accounts in the area as time allows. The question is, which ones?
In a perfect world, the wholesaler would put together an itinerary that includes the most profitable clients, or perhaps one that involves visiting a few prospects that are ready to convert. The trouble is, though, wholesalers often make these sorts of decisions in a purely subjective way; it’s human nature to have preferences of their own. Maybe they want to avoid difficult accounts that can be stressful to deal with. Or, they might prefer to only visit accounts that they’re already familiar with. Either way, these sorts of preferences can lead to decreased profitability and efficiency. With the use of AI and machine learning, the wholesaler can put together an itinerary based on the objective interpretation of relevant data. As a result, the wholesaler will visit the right combination of accounts while they’re in Chicago, taking full advantage of the best opportunities in the area.
AI isn’t some future technology that’s yet to come—it’s available here and now. With the AI tools included with Microsoft Dynamics 365 for Sales, you can increase profitability and improve your asset management firm’s efficiency. Watch the video below to find out more about how AI and machine learning can help your asset management firm with trip planning. Be sure to keep an eye out for upcoming videos in this series.
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