New technologies for financial planning – AI [cherry_spacer size=”20″] What is artificial intelligence (AI)? Artificial intelligence (AI) is human-like intelligence that appears to learn, reason, plan and perceive. At the heart of AI are algorithms which are rules like; “if this condition is true then execute the following instruction (code), else execute some other instruction.”…
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…
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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…
