Robot financial advisors, i.e. automated platforms that provide financial advice and online investment management based on algorithms and mathematical formulas, are already a reality.
Another evolving field is bionics consulting, which combines machine calculations and human insights to provide options that are far more efficient than those guaranteed by individual components of Artificial intelligence in finance.
The advantages include saving money and time and ease of access to financial advice and the availability of the service 24 hours a day.
To date, the key to the process seems to be collaboration: an excellent balance and the ability to look at artificial intelligence as a component of equal importance to the human point of view, is the future of financial decision-making.
Trading
Computing, with its ability to process and manage huge amounts of data over the network, has for some time revolutionized trading . Over the years, the sector has learned to increasingly exploit artificial intelligence tools to predict price trends both in the short and long term, albeit not infallibly.
Machines show great effectiveness from this point of view, both because they manage to gut a huge amount of information in a very short time and because they remove emotion from the decision-making process: AI makes decisions without being influenced by external variables and factors, but only based on objective data.
Furthermore, based on individual risk appetite, AI can suggest solutions more suited to meeting the demand of each individual person.
Finance management
Personal financial management is one of the recent developments in AI skills. There are several startups and services that through artificial intelligence build algorithms to help users make targeted and intelligent spending decisions based on articulated and complex analyzes resulting from an over-processing of data that is impossible for humans.