Artificial intelligence in finance / A leading financial advisor

avatar
(Edited)

image.png

Source

Greetings again my dear friends of this prestigious platform, each of us can witness the different technological applications in every area of our lives, in sports, education, medicine, astronomy, among many others, therefore, talking about technology among us is becoming more familiar and common, so much so that this area of technology in recent years has managed to create a series of tools or machines that try to simulate our intelligence and way of doing things, this is what we know as artificial intelligence (AI).

Since this development of AI, there are many areas of our competence that have been influenced by this set of technology and the area of finance has not escaped the action of this remarkable combination of algorithms that try at all costs to imitate our natural intellect and even surpass it, but that is another point to develop on another occasion, since this time we will relate generally with the application of AI in the world of finance.

I think that each one of us is somehow familiar with the term finance since it is immersed in the essential area of economics, and as we know, the economy in our contemporaneity is an intrinsic part of our way and quality of life in every sense of the word.

Each of us generally or naturally make up a certain family group and this makes us an economic agent in the same way as companies and even the state itself, therefore, technically the area of finance allows us in some way to study or analyze how we could obtain certain capital, and also, how to manage it in those conditions of uncertainty because as economic agents within the three options above, we can choose any financial resource either money, stocks, bonds, among others, of course this from a general view.

Artificial intelligence through the combination of its algorithms allows computers or machines to reliably predict, or considerably reduce the possibility of generating errors about a particular investment or savings decision by an economic agent as described above, and thus optimize the control of our income and expenses or any private or governmental company, and this is very positive because an adequate control of finances from any area will undoubtedly allow us to better manage resources.

Therefore, my dear friends, we can increasingly find AI in any area of our existence, as shown on this occasion through a set of algorithms and their important application as a financial advisor to any economic agent, thus making the way easier for these economic agents to achieve their objectives, for example, this application of AI manages to detect or locate all those income and spending habits that we make or companies make, and thus, generates or offers a certain optimization plan in relation to the variables mentioned above, among other aspects.

Until another opportunity my dear friends.

image.png

Source

Bibliographic reference

[1]Artificial intelligence in finance.



0
0
0.000
0 comments