Rise of the machines.
Chances are you already know about the proliferation of AI (if not, read about it in our AI post) and machine learning (ML) that’s taken place–and seemingly taken over– since the advent of 2023. This new technology has opened up new doors for wealth and asset managers to drive innovation and enhance performance. One such innovation is using AI to generate content from videos.
AI’s ability to process vast amounts of data has enabled it to generate content from videos. AI algorithms analyze the video's footage, audio, and speech, breaking them down into different segments that can be used to create summaries, metadata, and more. AI can also transcribe the speech in a video and summarize it into different categories.
The potential:
Faster research, enhanced outreach, more efficient operations.
Sure, a picture is worth a thousand words. But sometimes that’s a thousand words too many.
Although video is a powerful storytelling and informational medium, it takes time to review. By gleaning content from videos, AI can put market trend analysis, investment vehicle coverage, and consumer insights into an easily scannable written format, as well as inspire new content from the same source material.
AI-enabled video-to-written conversions and augmentations also enable wealth and asset managers to distribute tailored financial content to their clients. AI tools can extract high-quality images, thumbnails and clips from videos to not only create compelling marketing content (think social media, blog headers, etc.), but also generate relevant reports in easily disseminated media. Moreover, by translating captions and voice overs into different languages, AI can localize the experience for clients.
Finally, AI-powered video-to-text content generation reduces the time it takes to analyze video content to identify key insights, trends, or highlights, enabling teams to produce reports, track investment performance, and create client portfolio reports faster than ever before. Literally, faster than humanly possible.
The benefits of these benefits are clear–and invaluable: More time to provide more personalized insights, elimination of human transcription errors, and improved efficiency and accuracy in operations.
Finally, AI-powered video-to-text content generation reduces the time it takes to analyze video content to identify key insights, trends, or highlights, enabling teams to produce reports, track investment performance, and create client portfolio reports faster than ever before. Literally, faster than humanly possible.
The benefits of these benefits are clear–and invaluable: More time to provide more personalized insights, elimination of human transcription errors, and improved efficiency and accuracy in operations.
AI and ForwardLane: partners in progress.
At ForwardLane, we understand the power of AI. Our patent-pending, AI-enabled platform delivers analysis of market, environmental, enterprise and client data; automatically prioritizes which clients need advisors’ attention first; empowers customized communications via seamless CRM integration; and offers next-best actions for the right advice to the right client at the right time.
