The Role of Artificial Intelligence in Robo-Advisory

Alexander D. Beck ()
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Alexander D. Beck: Quoniam Asset Management

Chapter Chapter 11 in Robo-Advisory, 2021, pp 227-243 from Palgrave Macmillan

Abstract: Abstract Predicting consumer behavior and financial markets are two of the most exciting fields in the financial business for applying artificial intelligence. Both of these exciting topics can be found simultaneously in robo-advisory. On the one hand, it is important for a robo-advisory service to understand consumers and provide them with individually optimized data-driven interactions. On the other hand, the information available in financial markets needs to be processed and squeezed with cutting-edge technology to provide best-in-class asset-management services. Both these aspects are examined with practical examples of artificial intelligence, and the chances as well as limitations of applying this technology are discussed.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-40818-3_11

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DOI: 10.1007/978-3-030-40818-3_11

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