Investment is an art that uses capital to make informed decisions. With the rise of financial technology, making informed judgments with capital may be easier than ever.
From asset management to fundraising, from unqualified investors to the most well-known fund companies, these financial innovations that change the rules of the game can be seen everywhere. This kind of innovation is not just the innovation of the investment industry itself, but also the cross-border application of other technologies in the investment industry.
According to a recent Accenture report, the three technologies of artificial intelligence, the Internet of Things and the blockchain have led a large number of innovative applications in the investment industry.
Artificial intelligence: continuous improvement of the levelOn May 11, 1997, IBM's supercomputer "Deep Blue" defeated world chess champion Gary Kasparov, a milestone in the history of artificial intelligence.
In the same year, the world's most successful investor was Warren Buffett. Today, he is still the most successful investor.
Unlike human investors, artificial intelligence has improved several levels.
In the investment arena, the best example of the rise of artificial intelligence is the robot consultant, who uses sophisticated algorithms and the latest data to provide investment advice to customers.
On the one hand, this makes investment choices and proposals unprecedentedly diversified; on the other hand, the cost of this service is significantly reduced, its management costs are less than 50 basis points, and wealth management companies typically charge up to 5% in the past. .
According to estimates by Swiss research firm MyPrivateBanking, by 2025, robotic consultants can manage assets that account for 10% of all investable wealth.
Internet of Things: Let investors get "everything" dataThe most significant impact of the Internet of Things may be in the insurance sector. According to a 2016 PWC survey, 65% of insurance CEOs believe that the Internet of Things will be of strategic importance to their organization over the next five years.
Through IoT technology, insurers can offer users a truly personalized insurance plan and make more informed decisions about premiums.
When insurance companies have better risk data, the risk of funds accumulated by insurance policies will be reduced, which means that market volatility will become smaller.
Other applications of the Internet of Things have been reflected in the commodity trade. From the mature crops of the supplier, to the weather forecast, to changing the inventory levels of the demand side, the data provided by the supply chain allows traders to predict the price trend of bulk goods far beyond the accuracy of the purchase.
Blockchain: Far more important than BitcoinAt present, Bitcoin is still stubbornly surviving in the ups and downs of prices, and its underlying technology, blockchain technology, is beginning to accelerate integration with various industries.
McKinsey said the blockchain has the potential to “substantially change the capital market and have a significant impact on business models, reducing risk and saving costs and capital.â€
Simply put, the blockchain means that a large amount of copywriting work that used to add millions of dollars to the financial industry could be replaced by blockchain. Blockchain is a cheaper, easier-to-use digital system that is more secure than the processes currently used in the financial industry.
In this context, it is not surprising that so many global financial institutions are investing in blockchain technology on a large scale. The larger the organization, the more potential savings can be saved by using the blockchain.
Spain's largest bank, Santander, Spain, said after evaluation that the use of blockchain can save up to $20 billion annually. When all banks adopt blockchains, the original large amount of funds will be released, allowing them to create value elsewhere.
Investing in a new eraIn 2009, former Fed Chairman Paul Volcker once said: “The ATM is the only useful innovation in the past 20 years.†It is intended to point out that the financial industry lacks innovation. Ten years later, the entire banking and investment industry is increasingly being destroyed by innovation and completely changed.
Getting timely, accurate, and relevant information is easier for everyone. All of this shows that an exciting new era of investment is coming.
Of course, the basic goal of investment will never change, that is: to seek the maximum net present value. New technology tools will play an increasingly important role in achieving this goal.
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