What a year it’s been for technological growth! Technology alone is changing the way we invest, and it is bringing innovation and efficiency to the financial market like we have never seen it. By now, we think we’ve established that we are living in a fast-paced digital economy – therefore companies are now doubling down on maximizing returns from any investment that they make. We’re in the peak of a living crisis, and any unnecessary expenditure is being picked out with a fine-toothed comb.
Companies now aim to boost morale, improve efficiency, and strengthen their workforce – yet to do this, they need to invest in robust technology that’s constantly growing. Whether that may be AI-driven trading algorithms or the world-renowned blockchain running the financial sector, tech makes investment smarter – yet a whole lot more accessible. Back in the day, you would have to go to one specific place to invest your funds smartly, however today there are mobile apps and other platforms made especially for the everyday investor. With these new types of advances, everybody can become an investor and diversify their portfolio with ease – which is why we’re looking at how technology is really changing the way we invest.
AI and automation
First and foremost, we need to mention the wild and wonderful world of artificial intelligence and the automation that it brings with it. AI is at the forefront of any technological innovation, and it is now branching off into the investment space. We may have seen it being integrated into the business world for some time now, however, it is aiding investors’ problems by streamlining processes – and bringing its intelligence to the investment space.
AI-driven algorithms are a brilliant example of this aiding – and the AI used in the backend of this can analyze huge arrays of data, as well as make real-time data predictions on what you should do next. This means that you can now execute trades at non-human speed, and get your job done without stress. By having artificial intelligence make informed decisions, this means that investors can now enjoy investing while having fewer risks than if they were to do it alone.
And for large institutions or investors of a large scale, there are plenty of AI-powered tools that can offer way more than just speed. The technology that can be incorporated into your organizations is now able to sift through complex yet unpalatable data – and then spot patterns to optimize an investment portfolio. Having the highest strength of technology programmed to do what an investor would do usually makes sure that there is no room for error – and more chances of high reward, and low risk.
Besides AI making decisions and acting upon them for you – automation is also there to improve efficiency and boost morale. Whether that may be streamlining the processes in the offices you work in, or leveling up your customer service efforts with robotics. The investment world is using automation to cut costs and strengthen the experience for those who use the services.
Blockchain
So, we can’t discuss the future of technology without breaking down blockchain and giving it the glory it deserves. Blockchain was first created as a digital ledger technology that allows you to maintain a secure and untraceable record of transactions. Perfect for the cryptocurrency space as a way to store, secure, and decentralize data – but it has since spanned into the world of finance and tech as well. Blockchain is a distributed ledger technology that allows multiple parties to maintain a secure and immutable record of transactions.
Take the casino space for example – platforms like mBit used blockchain technology before many other organizations, as it provided a secure, efficient, and transparent way to make and receive payments through their online casino. It’s one of the most popular Bitcoin casinos on the market, and it allows players to use many cryptocurrencies to make sure that the payments are always fast, low-cost, and suited to your every move.
By bypassing traditional banking fees, blockchain is favored not only the financial but also the digital gambling world, hence why it is now being adapted into our everyday lives. AKA – digital assets and being an investor.
Why Blockchain Now Suits Investors
Blockchain’s technology provides a robust amount of benefits for those looking to invest in the financial space – and that’s because it’s been increasing its offerings every year. Here’s the benefits:
- Improved security: The decentralized nature guarantees that you get a more secure system than you have used before. Every single transaction completely is cryptographically secured, which creates a chain that’s IMPOSSIBLE to break. If investors were to think of these, then they could rest easy knowing that their assets are secure and hacker-free.
- Transparent: Blockchain is fully decentralized, which is far more secure than traditional banking or investing systems. Investors will be able to verify the status of the transactions in their holdings, and therefore build on their trust.
- Cheaper: Usually when you make investments you have intermediaries. These are usually bankers, brokers or traders, however, blockchain cuts out these middlemen completely.
As we continue on with our journey towards the end of the year – we think it’s pretty obvious that technology is transforming the way we invest. The tools on offer now make it easy for newcomers to get involved with this market, when before this evolution, there were far more barriers to entry.
