(Bloomberg) -- Money managers, faced with stagnating assets and pressure from index funds, will increasingly need to embrace computer-driven strategies to stay competitive, according to Boston Consulting Group.

Technologies that were traditionally the realm of a small group of niche managers -- including machine learning, artificial intelligence, natural-language processing and predictive reasoning -- are on the verge of becoming mainstream, the company said in a report Monday. Without such tools, firms risk becoming irrelevant and trailing others in their ability to produce excess returns, according to the report.

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