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.

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