Simon Binney: The advice sector needs AI - it just doesn't know it yet

Gains to be made

clock • 6 min read

Ignore what the doom-mongers have to say about artificial intelligence, argues Simon Binney, the financial advice sector has nothing to fear from its introduction and everything to gain

It is tempting to call anyone resisting the advent of artificial intelligence (AI), and its effect on the workplace and job market, a Luddite. That, however, would be an inaccurate analogy. Luddites were not afraid of the actual technology but that their craft and artisanal skills would be replaced by machinery that would probably do a worse job while costing the owners less money. That is why the unrelenting march of AI in today's world is different. AI today is designed to do the exact opposite - alleviating the workforce of mundane activities while freeing people up to spend valuable ...

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