Artificial Intelligence Everywhere: Now What?
Now that the human element has been removed from the investment equation, it begs the question 'what world are we heading into?'
Commoditization of capital
The commoditization of robotraders lowers the barrier of entry to trade. By using this technology, an investor equipped with as little as $25,000, can automate a viable longterm investment strategy.
The technology essentially has the potential to turn any investor's account into an efficient financial wealth building tool.
Multiply the use of robotraders amongst the general population and you end up creating a new pool of investors that previously had very little prospect at building wealth trading securities.
Similar to what happened when ATM machines and PayPal were introduced, you are accelerating access to capital and, that's a good thing for the economy.
A better economy
Obviously a more efficient financial world helps the rich get richer, but it also get more people with better prospect at financial independence. That's a game changer for the economy. Essentially, if more people have access to capital, they will spend more.
From a business and government standpoint, this also creates incredible momentum. Businesses have the potential to become super-capitalized while government programs will end up benefiting from adopting the technology for themselves.
From an economics point of view, commoditized robotrading has the potential to increase capital access and velocity to our economy.
Traders will experience change
Obviously when this more efficient technology enters the market en masse, it will replace less efficient ones and disrupt the job market in the process. Many traditional trading and investment advisory practices will experience change. Some practice will become obsolete but the majority will survive and even thrive from using technology themselves.
Low level tasks such as monitoring and taking actions based on pattern changes will morph into automated workflows. Careers will evolve into more adapted skill sets, such as Product Executives, Engineers, Designers, Scientists and Program Managers.