You can’t have a robot in a meeting!
You can’t have a robot in a meeting! Seems you can and it will probably become common. Microsoft’s robot (Artificial Intelligence) will listen in on your Microsoft Team meetings, take minutes and suggest follow-up action. It can also scan inboxes, documents and spreadsheets to draft emails and presentations. You can (for example), ask it to…
Quo Vadis QAR?
Michelle Levy’s Quality of Advice Review (QAR), seems keen to put the banks back in business flogging their products to trusting customers, with the only protection that the advice be “good”, rather than in the customer’s “best interests” Will bank employees who thought their job was to help customers with their banking needs be given…
Will chatGPT eat your lunch?
According to Reuters, as of Feb 1, ChatGPT (the new AI robot on the block), reached 100 million monthly active users in two months after launch, making it the fastest-growing consumer application in history. It has passed law exams in four courses at the University of Minnesota and another exam at the University of Pennsylvania’s…
Why do people seek financial planning advice?
Most people assume we seek financial planning advice to help us achieve our financial goals, but the truth may be a little “darker”. I have often wondered why the percentage of people seeking financial planning advice remains so constant, despite scandals (like the Hayne Commission), onerous compliance requirements and a service that is costly, inefficient…
The good, the bad and the ugly
The QAR (Quality of Advice Review) is proposing that “good” financial advice be “good enough”, rather than following the current “best interests” rule. If the advice is reasonably likely to benefit the client, based on their circumstances at the time the advice is given, then it will pass the test. Following the banking royal commission,…
All companies will be IT companies
In the future, every company will become an IT company. Those who don’t will fumble on with a “Frankestein tech stack” giving them little or no advantage. According to Chad Brooks of Business.com, “The most successful and highest performing companies have little separation between their business strategy and their technology strategy. In short, they have technology as…