Artificial Intelligence (AI). Don't get left behind.

We are rocking and rolling...

Surfing social media, the internet, and news on four different devices got me thinking just how fast technology is moving. Blink and you miss it.

So that’s what we'll cover in today’s post.

The problem:

It’s not that the world or technology is moving too fast, that we can’t keep up, don’t have time to learn, aren't savvy with computers or that we might see our jobs automated (which will likely happen to most of us at least once in our lifetimes).

The problem is that people are customers and not owners.

Technology is driving the fastest redistribution of wealth in history, and most people are on the wrong side of the trade. They now pay over £1,000 for a new iPhone, maybe even on finance, but don't own a single share in apple which is among the best performing stocks of all time.

Change is always difficult to accept. Technology is always difficult to accept, until it’s too late and we can't be without the new product that changes our lives for the better. Apple, Uber, Google, the list is seemingly endless.

So, let’s look at AI in a bit more detail.

The opportunity in AI:

Artificial Intelligence (AI) has been an increasingly hot topic in recent years, with many experts predicting it will transform virtually every aspect of our lives. From healthcare and education to transportation and manufacturing, AI is already making significant strides in improving efficiency, productivity, and even quality of life. Let’s explore some of the key reasons why we should invest in it:

Enhanced Efficiency and Productivity

One of the primary benefits of AI is its ability to automate repetitive and mundane tasks. This not only frees up valuable time for workers to focus on more complex and creative tasks, but it can also significantly enhance efficiency and productivity. AI-powered systems can process and analyse large amounts of data in a fraction of the time it would take a human, enabling organizations to make informed decisions more quickly and effectively.

Improved Accuracy and Consistency

AI is not only faster than humans, but it is also more accurate and consistent. By leveraging machine learning algorithms and predictive analytics, AI-powered systems can detect patterns and anomalies that would be difficult or impossible for humans to identify. This can lead to more accurate and reliable results, whether it's in medical diagnosis, financial forecasting, or customer service.

Personalized Experiences

AI can also be used to create personalized experiences for customers and users. By analysing data on their preferences, behaviour, and interactions, AI-powered systems can make recommendations and offer tailored experiences that meet their individual needs. This can lead to greater customer satisfaction, loyalty, and ultimately, increased revenue for businesses.

Cost Savings

AI can also lead to significant cost savings for organizations. By automating tasks and improving efficiency, businesses can reduce the need for human labour and associated costs. Additionally, AI-powered systems can identify areas where costs can be optimized, such as reducing waste or improving energy efficiency. This can result in significant cost savings over time.

Innovation and Growth

Finally, investing in AI can spur innovation and growth. By automating routine tasks and freeing up time for creative work, AI can enable organizations to develop new products and services, enter new markets, and ultimately grow their business. Additionally, the insights generated by AI can lead to new discoveries and breakthroughs in a variety of fields, from healthcare to science to finance.

In conclusion, investing in AI can bring numerous benefits to organizations, including enhanced efficiency and productivity, improved accuracy and consistency, personalized experiences, cost savings, and innovation and growth. As AI continues to evolve and become more advanced, the potential benefits will only increase. It's clear that AI is not just a trend or buzzword, but a powerful tool that can help organizations achieve their goals and make a positive impact on society.

If you're still not sold, I'll tell you that 75% of this post was written by a robot in less than 30 seconds to make the point. Mind-blowing, and yet awesome!

"Dont fight the future, own it."

A call to action:

I've invested in exchange traded funds to get on the right side of the future in artificial intelligence. Below are a few examples, and all the details are available on the link:

L&G Artificial Intelligence UCITS ETF

WisdomTree Artificial Intelligence UCITS ETF

Just ETF

I've preferred ETF investments as they allow us to simply buy an index of different companies in the sector and diversify the risk. That said, here are a few examples of companies you can invest in to get exposed to AI: META, TESLA, C3.ai, Alphabet, Amazon, Salesforce.

A great ted talk from Peter Diamandis that puts the impact of technology into perspective. Whats more fascinating is that this was over 10 years ago:

https://youtu.be/BltRufe5kkI

TED talk

What’s your view on AI, and what tech assets do you own? Message me.