Andrew Storey: AI alone is not a panacea for financial planning

'The industry, however, needs to move beyond the idea that AI is a silver bullet'

clock • 5 min read

Andrew Storey warns that in the race to adopt AI, there’s a growing risk - assuming the technology alone can deliver better financial outcomes

Artificial intelligence has rapidly moved from industry curiosity to strategic priority in financial services. From predictive modelling to personalised recommendations, its potential is undeniable. But in the race to adopt AI, there's a growing risk: assuming the technology alone can deliver better financial outcomes. It can't. AI is powerful, but it alone is not a panacea for financial planning. To create truly accurate,  and bespoke financial plans, it must be combined with two other critical components: human intelligence and robust cashflow calculations. The real opportunity lies...

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