“There will be continuous integration between cognitive technology and asset management,” says Dr. Xiao Feng in a recent interview with China Securities Daily. Dr. Xiao is the Chairman of Datayes and Vice Chairman and Executive Director of China Wanxiang Holdings.

He added that asset management will enter into the era of cognitive technology subsequent to the application of information technology and big data analysis. There will be exponential growth in the use of cognitive technology in asset management in the immediate future.

Dr. Xiao Feng is a prominent leader in the development of fintech in China. He has dedicated his career in AI, blockchain, cloud computing, big data, metaverse as well as its integration with finance.

“Technology has influenced and accelerated the development and growth of finance and its contribution can be divided in to 3 stages,” says Dr. Xiao.

First stage: Information technology gave asset management easy access to financial information where many service providers came and went.

Second stage: Big data analysis including analytical tools followed as vast amounts of information became available to help assist asset management in processing data more efficiently.

Today, we are in the third stage: The age of cognitive technology. Cognitive technology will play an increasingly important role in supporting smart and efficient investment decisions.

The first two stages of asset management technology are already behind us and with the third stage unfolding, there is much growth to look forward to in asset management.

Dr. Xiao emphasizes that there is great synergy in the use of cognitive technology in asset management and we will see exponential growth in the use of this advanced technology.

Datayes is a global fintech company that empowers investors to invest smarter and more proficiently through an intuitive platform that integrates human knowledge and machine intelligence. Datayes is the first to provide cognitive technology based information and data services.

The company is committed to leading the industry into a new paradigm using the most advanced technology that supports the intelligent investment of financial institutions and smart tools for individual investors. Cognitive technology, which refers to the combination of the advantages of human knowledge and machine learning, can process massive volumes of data at great speed, while the human brain has the power of generating insight while processing data, contributing significantly to investment decision making today.

Datayes provides a comprehensive suite of services from investment analysis to portfolio management in the form of SaaS, data APP and customized product solutions to finance professionals globally, covering over 2,000 financial institutions, 200,000 professional investors and more than 10,000,000 retail investors.