MKTG 6101 Week 5 Ascend Your Start UP: Adopting AI
By: Freddy Garcia 6/06/2022
The post this week discussing how important
it is that we embrace AI and try to get involved in a company that uses AI. Dr’
Kelsey implores us to get involved with a startup company that uses quantum
computing and AI. I think of the financial services industry and how AI has affected
it. AI was used to expand an investment management style called indexing. The
concept of indexing started in the 1970’s and it is basically passive investing
versus active. Instead of picking individual names indexing just picks the
entire category. AI has made it easier for indexing investing and has created
indexes in every category. I believe active investing is a better form of
investing than passive. AI has also been used recently to create entire
portfolios called Robo Investing. So far using a Robo advisor has
underperformed active management.
As I was reading Ascend Your Start UP I thought to
myself there can be a different way to use AI in investment management and
still be an active investor. Chapter 5 discusses acclimating yourself to your
customer. Our investment philosophy that we promise to our clients is trying to
find stocks that have the ability to double in two to three years. Using an AI algorithm
that tracks over thousand securities allows us to use AI to continue our active
investment style to look for stocks that have the ability to do what we are
trying to accomplish for our clients. The proprietary system we developed
allows us to track more stocks using AI that we would be able to individually
research on our own. I feel using this form of AI separates us from other money
managers.
No comments:
Post a Comment