It’s been 53 years since the film, Colossus: The Forbin Project first predicted the development of AI (artificial intelligence) and various forms of exponential tech that can grow in ability at a fast rate. While the story was considered science fiction by 1970s viewers, those already in programming and technology understood the potential of computers quite well. Nowadays, AI is one of the most popular buzzwords in the world of business and IT, and the media usually portrays the power of computerized thinking as something threatening and possibly evil. However, nothing could be further from the truth, at least based on recent applications of AI and its many offspring.
Investing is Easier Than Ever
The latest advances in AI technologies transforming FinTech and exponential tech have already had a transformative effect on the brokerage and investment field. One of the many ways clients are leveraging the power is by using robo-advisors, IT-based programs that advise about which securities meet a detailed set of parameters set by the investor or by the robot. It’s up to account holders to use the bots as advisors or decision-makers.
Many who are new to the markets take suggestions from robo-advisors in a simulated environment at first. That gives them a way to test out all the bells and whistles on the bots and see how the results stack up against 100% human decisions. Most people who test robotic trading systems end up liking them and incorporating some or all the technology into their daily selection process.
Smart Apps Help Borrowers Pay Off Education Loans ASAP
Dozens of math-related and finance apps can help borrowers pay off their college loans in a more expeditious way. What’s the point? The longer you carry an interest-bearing loan on your books, the more interest expense you’ll dole out. Every month, borrowers who pay on their college loans reduce the principal by a smaller amount than the entire payment. That’s because part of each month’s expense goes toward interest. For those who take a decade or more to eliminate the entire balance, the total interest expense can be substantial.
What’s the solution? One of the most direct, efficient ways to deal with the problem of excessive interest is to get serious about paying loans down as quickly as possible. Then, once the debt is satisfied, you have cash left over in each month’s budget for other pursuits, like retirement funds, exotic vacations, or rental property investments. The brilliant first step is to review a comprehensive guide on the subject that delves into the many different approaches for resolving student loan obligations.
Home Security
The home security field has undergone massive changes in the past decade, most of which are related to AI-related technology that can scan human faces, alert local police departments, and recognize biometric features of authorized individuals. A few of the best examples include doorbell cameras that alert owners to the identity of the caller, motion-sensitive lighting that automatically alerts law enforcement when owners are away from home, and all-around surveillance cameras that feature facial-recognition capability.
Smart locks are usually not considered part of the artificial intelligence universe, but some of the latest offerings in the product line do include highly sophisticated software and programs that make the devices almost impenetrable. Compared to old-fashioned locks, the newest ones are light-years ahead. Not only do they protect against intrusion, sabotage, and vandalism, but some include tiny cameras that photograph or film the immediate surroundings whenever a potential intruder tries to gain entry to the home.
Health Apps You Can Wear
The rise of wearables in the healthcare niche has taken the field by storm. In just a few short years, manufacturers have unleashed dozens of helpful, potentially life-saving devices onto the retail market. While a few are freestanding units like blood pressure machines and digital stethoscopes, others attach to the user’s body by way of wrist bands, belts, finger clips, or other ways. Runners, walkers, swimmers, and anyone who exercises can make use of a wide range of features on the latest wearables.
The most common and popular of all AI-enabled units is the fitness wristband. Marketed under a variety of brand names, the little devices pack a massive punch of sophisticated technology. Not only do they have the power to constantly monitor heart rate, pulse, and skin temperature, their embedded brains can transmit all the real-time data to a computer in a doctor’s office or the user’s home. The wearable health app field is booming, and each new retail season brings out more amazing and powerful products.
