IDG Contributor Network: Humans and machines: The rise of robo-advisors in the investing world
The relationship between humans and machines has captivated people for years—from robots that can win Jeopardy to those that can sense human emotions, the list is endless.Today, however, machines are no longer simply a novelty. The rise of analytics and artificial intelligence (AI) has become a key component of a business’ success. In the banking world, there are many examples to point to: self-service tellers, automated loan processing, payments, etc. But there’s one in particular that is fascinating—the robo-advisor.+ Also on Network World: AI as advisor, not magician + Managing personal investments and wealth has traditionally been left to the experts—a team of wealth advisors and managers who met annually with clients. Robo-advising, the process of providing automated, algorithm-based portfolio management advice, is changing that.To read this article in full or to leave a comment, please click here