S&P Dow Jones Indices analysts said financial market index providers could see new business opportunities and greater competition due to artificial intelligence and private markets, Nikkei Asia reported Friday.

The surge in AI trends has notably changed the way indexes are constructed and impacted index investment game plans, the reported cited Jason Ye, director and Asia-Pacific head of strategy indexes, as saying.

Crafting indexes using AI applications such as machine learning models and natural language processing will have traction, prompting S&P to prioritize investments in the technology, the report cited Ye as saying.

Benefits from adopting AI include differentiated methodologies in index construction and greater transparency in report analysis, the report cited the analyst as saying.

Meanwhile, private markets have become more important for S&P given that the definitions of public and private markets have "become blurred," the report quoted Sue Lee, head of Asia-Pacific index investment strategy, as saying.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)