New technologies for financial planning – Blockchain What is blockchain? Blockchain at it’s simplest is a database. It is a very big database, housed on a powerful server which itself can comprise thousands of computers. A blockchain database A blockchain database is a collection of “groups”, known as blocks, which contain information. This system makes…
New technologies for financial planning – IoT [cherry_spacer size=”20″] What is the internet of things? The internet of things are all the “things” (devices) that are capable of connecting to the internet and communicating. These “things” are often called “smart devices”. They often communicate and share data without human intervention. An example would be your…
New technologies for financial planning – Virtual reality [cherry_spacer size=”20″] Virtual and augmented reality Virtual reality completely replaces the user’s real-world environment with a simulated one. Augmented reality is mixed reality – a combination of real and virtual worlds. The ever-increasing computer power coupled with 5G’s ability to transfer large amounts of data very quickly…
New technologies for financial planning – Robots Rise of the robots Robots are seemingly intelligent machines that perform tasks autonomously. Robots have been around since the 1950s and have grown steadily more competent and robust. Leveraging off ever-increasing computer-power, artificial intelligence, big data and the “internet of things”. Robots today can run, jump, deliver goods,…
New technologies for financial planning – Cloud computing What is cloud computing? “The Cloud” is a collection of servers, networks, storage facilities, development tools, and applications (apps) delivered through the internet. Businesses can access these “cloud” services saving them the cost of servers, engineers, programmers and related staff. The Cloud can store and make…
