APAC family offices prioritize cloud tech and risk management

A significant 43% of family offices globally, including those in Asia Pacific, are developing or rolling out a technology strategy, with a strong emphasis on cloud-based applications.

In its report, Deloitte said Asia Pacific family offices are leveraging cloud-based applications (87%), virtual meeting platforms (82%), and data analytics (55%) to enhance decision-making and operational efficiency.

Cybersecurity and risk control remain top priorities for family offices in the region, with 65% adopting moderate to extensive measures.

While still limited, the report noted that 12% of family offices in Asia Pacific are experimenting with AI to automate tasks, optimize portfolios, and improve risk management.

Meanwhile. technology adoption in investment operations is moderate, with 49% using tools for data management, analytics, and reporting, whilst a shift towards more integrated systems aims to reduce reliance on manual processes like Excel spreadsheets.