{"id":641741,"date":"2026-05-01T01:32:10","date_gmt":"2026-05-01T01:32:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/641741\/"},"modified":"2026-05-01T01:32:10","modified_gmt":"2026-05-01T01:32:10","slug":"ai-adoption-gap-emerges-between-us-and-australia-as-advisers-lag-in-advanced-use-cases","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/641741\/","title":{"rendered":"AI adoption gap emerges between US and Australia as advisers lag in advanced use cases"},"content":{"rendered":"<p>Australian advisers are among the highest adopters of AI globally, with innovative uses being seen in areas such as scaling and\u00a0<a href=\"https:\/\/www.ifa.com.au\/with-the-right-technology-stack-self-licensing-is-easier-than-it-seems\/\" rel=\"nofollow noopener\" target=\"_blank\">simplifying self-licensing processes.<\/a>\u00a0\u00a0<\/p>\n<p>However, for VanEck senior associate, cross-asset investment research Anna Wu, usage does not go deep enough.\u00a0\u00a0<\/p>\n<p>\u201cOverall, 82 per cent of Australian advisers and financial planners are thinking about or planning to use AI at the moment, which is actually much higher than the global average of around 64 per cent,\u201d she explained on\u00a0a webinar.\u00a0\u00a0<\/p>\n<p>\u201cBut if you look at the actual in-depth use cases, such as client communication through to market analysis, the number is much, much lower\u00a0\u2013\u00a0and it\u2019s also lower than what we\u2019re seeing in the US.\u201d\u00a0<\/p>\n<p>She added:\u00a0\u201cThere is a meaningful gap between Australia and the US when it comes to areas like investment research, and that largely comes down to how things have traditionally been done\u00a0\u2013\u00a0relying on manual processes, manual reading, and manual discussion.\u201d\u00a0<\/p>\n<p>Wu explained that Australian advisers are generally \u201cvery prudent\u201d when it comes organic research and analysis, but this could be creating unnecessary inefficiencies.\u00a0\u00a0<\/p>\n<p>\u201cWhere we need to encourage more use of AI is in penetrating information faster and really lifting the efficiency of market analysis,\u201d\u00a0she said.\u00a0\u00a0<\/p>\n<p>Like many AI advocates, Wu also believes AI should enhance, not replace advisers.\u00a0\u00a0<\/p>\n<p>\u201cUtilising AI could bring cognitive leverage through its ability to penetrate complex information in a timely manner, helping humans free up decision-making power and communicate more effectively,\u201d she\u00a0stated.\u00a0\u00a0<\/p>\n<p>\u201cBefore the age of AI, I used to read macro reports that were hundreds of pages. In the earnings season, I would get a huge headache because there was just so much to follow. However, with AI, I can summarise those reports quickly and speak to clients in a much shorter\u00a0timeframe.\u201d\u00a0<\/p>\n<p>She added that the practicalities of trying to replace an adviser with AI are also simply too complex and highly inefficient, not to mention ill-advised.\u00a0\u00a0<\/p>\n<p>\u201cFrom a cost perspective,\u00a0it\u2019s\u00a0very hard\u00a0to use pure compute to replace human employees\u00a0at the moment, just given the cost simply\u00a0doesn\u2019t\u00a0work out. But the penetration into day-to-day workflows and the productivity lift\u00a0\u2013\u00a0that cannot be escaped,\u201d\u00a0Wu said.\u00a0<\/p>\n<p>For Wu, the usage gap between the US and Australia could offer an opportunity for advisers to step up and fill this place, warning that those who are still reluctant could be left behind even further.\u00a0\u00a0<\/p>\n<p>\u201cAI won\u2019t take your job\u00a0\u2013\u00a0it\u2019s somebody who\u2019s using AI that will take your job.\u201d\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Australian advisers are among the highest adopters of AI globally, with innovative uses being seen in areas such&hellip;\n","protected":false},"author":2,"featured_media":641742,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-641741","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/641741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=641741"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/641741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/641742"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=641741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=641741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=641741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}