Is AI a good financial advisor

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It is one of those sayings that experience is the best teacher. Put a team of well experienced adults of let's say 45 years in the field of football against upcoming stars at that youthful age of 15 to 25 years and I assure you, experience will win. One could be counting on the agility of those youth, it is only a matter of time.

Experience helps the adults to determine the hows and where to put needed passes, where to place a shot and get a possible goal. At least you always hear it being said; they played well but the other side won’. So what is experience here, to link it well with this article I will call it a collection of long time activities in order to predict possible scenario outcomes. Does this relate with AI? Let's delve.

If you have an AI tooI as an app or you are growing in knowledge of this tech it is one best suggestion to make the most of it. This is beyond trying to stay in critics that this technology is offloading human knowledge and experiences to leave many careerlessness, a big NO.

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I talked about AI managers some days ago and how it is presenting another disruption. Maybe this is just a tip of the iceberg from what is currently far-fetched. So where are we heading, better put, where are we now?

Many firms are betting on the potential and future of artificial intelligence. In short, we have seen OpenAI’s private shares becoming a hot cake. This is courtesy to the current seen results.

I talked about how one should not underrate artificial intelligence when it comes to computing and adding to that, data. This is something we are going to delve in here. This technology is as good as the data is, it will be the needed attention drawer.

So I was just wondering what's best to converse with this technology today and it turned out I was looking for some financial advice. Ok, one would suggest I turn over to a good financial advisor to get that done. Let me look at the preamble; cost, time and advice efficiency.

So this was when I turned to AI to get a glue of the best surrounding investment opportunities within our nation. It was a well compiled list to easily digest. I went through ALL the given business/investment suggestions but I wanted to be more direct. The next question was; ‘which industry do you suggest I venture into?’.

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The response was amazing because it has been one of my TOP suggested industries to move into; ‘Fintech business’. The breakdown was without doubt. The things to consider was the age range of our population and the high demand for financial services. In short, we are still at an infant stage if I should say.

Moving into the FinTech business space is promising, easy to scale, flexibly manageable.

Ok, I will be covering an article on this in the future. So does this make artificial intelligence a good financial adviser? Whatever has data can predict industry. Does this tech have it, if so, then the answer is very obvious. We are talking of industry breakdowns and its future here.

To conclude, let me add, although after every well made effort this tech in its reply it refused to admit it is a financial advisor. When I asked if it wasn't one. AI chat said he only gives collective feedback. It is something everyone always wards against, I guess it has been trained to do so too.

So what is the entire idea here? Simple, upcoming entrepreneurs will leverage AI data (ready experiences) to get business direction.

Finding a reputable company to put your money will be an easy pick. Didn't it predict the best stocks I should buy in the process although it claimed not to be giving advice. It was another good breakdown as to concerns to the future of that company when talking of fast pace technology. We are entering into the era of a rising financial AI adviser, it will indeed be leveraged.

Posted Using INLEO