Singapore, Individual

Change chevron_right

Tech WELLcovered: work reimagined

Multiple authors
September 2021

The views expressed are those of the authors at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed.

When was the last time you waited in a long, frustrating line at the bank?

Innovations like mobile banking don’t just make banking easy and keep lines short; they also enable bank tellers to do work that is far more impactful. Whatever your industry, the work of the past was error-prone, time-consuming, and labor-intensive. Technology has helped solve these challenges and empowered unprecedented scale across all types of work. This progress is essential as the need to enhance productivity has long exceeded increases in head count or payroll. Critically, from cloud-based accounting software to factory automation, these innovations also enable you to focus on the things that matter most — like more creative, higher-impact ideas and quality of life.

Work tomorrow: Next generation of “intelligence” sparking reimagination

Our research engagements with company management teams, suppliers, and industry experts make us increasingly excited about the impact of AI and other forms of machine intelligence. Machine intelligence continues to evolve from robots learning to sort and select items, to machine vision differentiating shapes and AI assisting human decision making with improved pattern recognition. For example, AI is already more diagnostically accurate than human doctors in some areas, and it has also enabled increasingly precise weather forecasting.

In addition, the robot showcased at the Tokyo Olympics that never missed a basketball shot gave us a glimpse of the countless possibilities that precise physical dexterity can bring, such as refined surgical applications. We believe these advances will enable more creativity and improved outcomes at work, and generate investable opportunities across industries, geographies, and market caps.

We are already seeing remarkable advances fueled by machine intelligence around the world, from a small-cap Japanese machine vision provider to a mid-cap Australian provider of cloud-based accounting software to a mega-cap American maker of robotic surgical equipment.

Yash Patodia
Global Industry Analyst

1TechCrunch, November 2020

Key topics and themes
Tech & Innovation
Equity
Asia tech
Fintech
Macro and market
Written by
barbetta_brian_5668_u648
Brian Barbetta
Global Industry Analyst
Boston, USA
patodia_yash_6547_185x185
Yash Patodia
Global Industry Analyst
Singapore
bruce_glazer_1048_u648-300x300
Bruce Glazer
Global Industry Analyst
Boston, USA

RECOMMENDED FOR YOU

DISCLOSURES

Past results are not necessarily indicative of future results and an investment can lose value. Funds returns are shown net of fees.
Source: Wellington Management

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Overall Morningstar Rating for a fund is derived from a weighted average of the three, five, and ten year (if applicable) ratings, based on risk-adjusted return. Past performance is no guarantee of future results.

The content within this page is issued by Wellington Management Singapore Pte Ltd (UEN: 201415544E) (WMS). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. Information contained on this website is provided for information purposes and does not constitute financial advice or recommendation in any security including but not limited to, share in the funds and is prepared without regard to the specific objectives, financial situation or needs of any particular person.

Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk.  The price and value of investments is not guaranteed and may fall or rise. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. Investors should read the prospectus and the Product Highlights Sheet of the respective fund and seek financial advice before deciding whether to purchase shares in any fund. Past performance or any economic trends or forecast, are not necessarily indicative of future performance. Some of the funds described on this website may use or invest in financial derivative instruments for portfolio management and hedging purposes. Investments in the funds are subject to investment risks, including the possible loss of the principal amount invested. None of the funds listed on this website guarantees distributions and distributions may fluctuate and may be paid out of capital. Past distributions are not necessarily indicative of future trends, which may be lower. Please note that payment of distributions out of capital effectively amounts to a return or withdrawal of the principal amount invested or of net capital gains attributable to that principal amount. Actual distribution of income, net capital gains and/or capital will be at the manager’s absolute discretion. Payments on dividends may result in a reduction of NAV per share of the funds. The preceding paragraph is only applicable if the fund intends to pay dividends/ distributions.  Performance with preliminary charge (sales charge) is calculated on a NAV to NAV basis, net of 5% preliminary charge (initial sales charge). Unless stated otherwise data is as at previous month end.

Subscriptions may only be made on the basis of the latest prospectus and Product Highlights Sheet, and they can be obtained from WMS or fund distributors upon request.

This material may not be reproduced or distributed, in whole or in part, without the express written consent of Wellington Management.