Press Release: I Know First Analyst Insight On Fintech Buzzwords

Press Release

Press release: Tel Aviv, Israel. June 19, 2017 – I Know First Analyst Insight On Fintech Buzzwords

On June 19, a U.S media outlet asked I Know First to answer the following question:

“What are the differences between AI and machine learning and VR and AR? What are some practical and creative ways the financial services industry is utilizing this technology?”

Press ReleaseSource: GCN Magazine

I Know First financial analyst, Harry Chiang responded by explaining the blurry distinction between artificial intelligence and machine learning and pointing to the fact that the second is a subset of the first. Artificial intelligence indeed refers to human intelligence exhibited by machines while machine learning specifically deals with machines being able to learn from self-parsed data and teach themselves based on it. Both concepts have numerous application in the financial industry, applications bing applied in customer service, fraud detection, automation of routine tasks, and wealth management, ect.

On the other hand, virtual reality and augmented reality have more tangible differences but while widely applied in the media and entertainment industry, they don’t have many applications in the financial industry. The main difference between the two is that augmented reality does not completely replace our reality, instead, it imposes computer-generated enhancements in the real world. It blends together elements of the virtual with the real world, layering the two.

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Press Release

I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, self-learning algorithm. Thus, the company’s algorithm predicts over 3,000 securities (and growing). Thus, it has capabilities to discover patterns in large sets of historical stock market data.

The underlying technology of the algorithm based itself on Artificial Intelligence. It also based itself on machine learning and incorporating elements of artificial neural networks and genetic algorithms. Moreover, the algorithm generates daily market predictions for stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium and long-term time horizons.

For more information, visit I Know First.