The news seems to be saturated with stories about AI, its endless capabilities, and the fears many have that it will, one day soon, replace human beings. In the world of investments, we totally agree that financial AI software has an incredible array of benefits, but we are pretty certain that no machine will replace human beings’ abilities anytime soon.
Why Use Financial AI Software in the First Place?
One of the main advantages of financial AI software like the Wakett Framework, is that it can run complex calculations on vast amounts of data in a jiffy. It can do so 24 hours a day, seven days a week, 365 days a year, without the need to take a break, sleep, eat, go on holiday, or ever call in sick.
Through a series of algorithms that can analyse the data they are fed, learn from it, and improve itself, such software can practically squeeze tasks that take dozens of human hours to complete into a two-minute job.
This saves you time and money, but also reduces the chances of making errors, and even avoid human bias and performance perception -- after all, we all know that humans tend to inflate good returns and minimise losses according to their beliefs. It’s just human!
Having said all this, this type of software cannot replace human beings.
The Best Match is Made Up of Human Experience + Financial AI Software
Software such as ours is fantastic for working on repetitive tasks that require data gathering, monitoring, complex calculations, and alerts on conditions missed or met. It’s not, however, capable of replacing human creativity, experience, or knowledge.
This is down to one very simple, yet crucial reason: financial AI software learns from past occurrences, but when it comes to investments, the past is no guarantee for future outcomes.
That’s why the best hedge funds don’t just invest in powerful financial AI software that can deliver fast and accurate data computations and reports, but also in their workforce. This ensures that investments are made in a logical manner that is based on accurate data devoid of emotion or bias, but which still includes human knowledge.
Are You Ready To Give Your Employees The Best Tools Possible?
Our financial AI software is not here to replace your workers: it’s here to support them in making better choices that will benefit them, your company, and your clients. Together, we can help you find the right balance between the technology you use and your human resources, so why not get in touch with us to discover more?