More than a static budget sheet in Excel, an AI financial planning program helps users set budgets and analyze their spending behavior. With a good ML program, company and personal budgets perform better—faster than via traditional methods.
Taking the place of an in-person managers, a financial robo-advisor provides personalized investment and wealth management services to individuals as well as small and medium-sized businesses.
Robo-advisors use deep learning and other artificial intelligence techniques to offer advice and even automate trades in a variety of industries and account types, from individuals with retirement accounts to small businesses with equity finance plans.
Smart building technology arms a building’s component systems with the ability to communicate with each other and with management. Security systems, plumbing, electricity, waste management, temperature control, and more work exchange data constantly in order to improve the comfort and safety of people living or working inside the buildings.
Smart building technology works for both residential and commercial buildings.
Smart factory technology allows factory sensors to communicate with each other, with employee mobile devices, and with management's software platform. This enables employees to monitor equipment 24/7 and receive immediate alerts whenever there is a problem. The technology also enables the equipment itself to automatically adjust operations in order to keep the factory running smoothly.
Smart farming refers to the use of connected technology and artificial intelligence in the field of agriculture. It is also referred to as smart agriculture, agritech, agrotech, or even agro technology. However, the terms agritech and agrotech include the fields of horticulture and aquaculture.
A sea-faring vessel using a variety of sensors to manage its regular processes and navigation is a smart ship. Uses of this IoT technology range from single vessel to fleet management. However, even management of a single ship involves using massive amounts of data.
A smart stadium uses IoT to collect, analyze, and act on data within a stadium. This data may come from the stadium itself or from the mobile phones of visitors. Some stadiums also collect data on surrounding areas, like parking lots.