Artificial Intelligence, a Financial Professional, and a Dog

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

Imagine a meeting room where an AI system, a financial professional, and a dog are present.

Someone might quip, “The AI is here to crunch numbers, the professional is here to understand the client’s needs, and the dog? Well, the dog is here to remind the professional to keep the human touch in finance.”

Here’s the deeper connection: AI in finance can handle vast amounts of data, perform complex calculations, and identify trends faster than any human. The financial professional brings something to the table that AI cannot: empathy, understanding of client fears and dreams, and the ability to build a relationship based on trust. These are the ‘human elements’ that can’t be automated.

And the dog? It represents the need to stay grounded and remember that at the heart of this profession is the human experience—managing not just money, but hopes, goals, and the occasional irrational fear of real living human beings.

Additionally, the dog could serve another purpose: a playful nudge—or a gentle ‘bite’—to remind the financial professional to focus on what truly matters. The professional’s time should be spent on tasks that require a human touch, leaving the rest to the more capable, efficient, and cost-effective technologies at our disposal.