Is there any real application of data science in asset management?

I have been working in finance (brokerage, dealing) for the past 6 years and, last January, I started to study Python and Machine Learning. However, I fail to see any useful use in Asset Management.

Portfolio management is a constrained optimization that can be done in Scipy Minimize, and markets cannot be predicted regardless of the machine learning, neural network, NLP, etc. you may use.

What is left to predict for a data scientist working in Asset Management? Does anyone …

application data data science datascience finance machine machine learning management optimization portfolio python science scipy study