“Computers will get so sophisticated, people will start to think about them like human beings,”
said Mike Byrnes, owner of Byrnes Consulting, LLC.
Mike shared his perspectives on how AI will change the financial advisory industry, as a guest on J. Christopher Boyd’s 17th-anniversary radio program called, “Something More.” They were joined by Jeff Perry. Mike also believes Artificial Intelligence (AI) will have a huge impact on all industries, particularly financial advice. He spent time touching on marketing and personal interactions.
Watch the video of Mike’s radio interview on WXTK 95.1 FM or listen to the podcast.
Key takeaways of the discussion, include insights like:
- Industries should find ways to integrate AI to improve service delivery and client interactions.
- AI will enable personalized marketing on a large scale, driving deeper customer engagement.
- It can help financial advisors in numerous ways, like offering personalized client communications and operational efficiencies.
- AI is not ready to replicate human empathy, but it might in the future.
- AI has potential to revolutionize sectors like healthcare by providing better diagnostics and treatments through data analysis.
- Concerns about AI’s “deep learning” capabilities and the ethical implications of creating increasingly autonomous systems.
- Engaging in cause-related marketing or aligning with community values can strengthen business relationships, though companies must be cautious not to alienate their core market with polarizing messages.
- Listeners should consider the implications of AI in their personal and professional lives.
“Artificial intelligence is going to be part scary and part amazing,” said Mike.
Are you prepared for the changes AI is bringing? Connect with Byrnes Consulting to discuss how AI can help your business thrive.
