. EXPLORING THE POTENTIAL IMPACT OF AI ON FINANCIAL ADVICE AND DECISION - MAKING .
The advent of artificial intelligence (AI) has brought about a seismic shift in numerous sectors, including healthcare , transportation , and of course , finance . But the story of AI is just beginning , and its full of potential is yet to be fully realized .Among the plethora of AI applications , one that stands out for its potential to revolution the way we manage our money is the AI chatbot .
. THE CURRENT STATE OF PERSONAL FINANCE MANAGEMENT .
The realm of personal finance management has traditionally been one of face -to -face interactions, paper trails , and human advisors / counselors . Individual seeking advice to managing their finance has typically relied on financial advisors for in-depth guidance or turned to resource such as books, seminars, and online articles for self- education . However , this approach has often been time- consuming, expensive , and not always accessible to everyone .
. UNDERSTANDING AI AND CHATBOTS .
Artificial intelligence, or AI is a branch of computer science focused on creating systems capable of performing tasks , that typically require human intelligence . These tasks include learning , understanding language , recognizing patterns , problem-solving , and decision - making . In the context of personal finance . AI can analyze large volume of financial data , identify patterns , and make predictions or recommendation based on that analysis .
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