Wednesday, August 9, 2017

Human and robot’s cooperation will probably be the main trend in financial consultant industry

If you are one robot fan who is always caring about the robotics affairs, you must know about Alexa robot from Amazon. Right now, this robot is playing the role of consultant for customers in UBS Group AG in Switzerland. With this progress, Alexa may make the appointments, analysis the stock and even invest into stock.

In recent years, robot consultant is becoming one kind of fashion. According to one investigation from CNBC, even though the consumers who use the robot consultant are limited, their interest in robot consultant is continuously growing.

As was reported from BBC, in the era of fast-developing artificial intelligence, artificial intelligence robotics is replacing human staff and going into financial department. Nowadays, the most of the transactions have been performed by robot independently in the Stock Exchange in New York and London.

Is the robot consultant just one kind of fashion? No. For individual users, robot consultant not only helps to choose and manage the balanced investment portfolio, but the cost is lower than general consultant companies. And this is one reason why the robot consultant is paid high attention to.

Of course, more enterprise clients prefer to communicate with human consultant to get the customized investment idea. Because they don’t think it reassuring to hand high amounts to the robot consultant. What’s more, the human consultant is able to give more proper ideas to enterprise clients in deed. However, this kind of humanoid service robot can exist because most of the work has high relation to its data statistics and data analysis.

As you may know, it is not easy to make one accurate and suitable solution. It requires not only the special analysis ability and judgment, but the powerful data processing ability. For example, the data that three consultants process in one day is easily handled by AI arithmetic within one hour. That is one advantages of robot consultant.

According to incomplete statistics, in the USA, there have been more than 200 companies who are investing in the blue ocean market of robot consultant and the financial giants such as Blackrouck, Fuidlity, Vanguard and some others are among them. City Bank pointed out in one of its reports, “In the future 10 years, the capital of robot consultants probably reaches 5 trillion US dollars and it is a great piece of meat undoubtedly.

With the heat of “robot consultant is taking the place of human consultant” topic, some specialists insist in the questionable voice. James Gorman, the new “King of Wall Street” and the CEO of Morgan Stanley, pointed out, “robot consultant can only attracted part of the clients and they cannot replace all the analysts, strategist and investment consultants.”

Yes, we have to admit that, the present robot consultant cannot be called “professional”. Therefore, the combination consultant mode of human and intelligent service robot will probably be the main trend and best choice in financial consultant industry in the future years.

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