Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Feb 18, 2021
How Artificial Intelligence Can Create More Jobs Than it Destroys

How Artificial Intelligence Can Create More Jobs Than it Destroys

Artificial intelligence (AI) is no longer a product of our imaginations. From Siri or Alexa in our homes to increased automation in workplaces, AI is officially here, and it isn’t going away. That fact has sparked concern that AI (an area of computer science aiming to build software and hardware that replicates important human mental faculties, learns on its own, and ultimately thinks and reacts like a human) will decimate employment across several sectors, as human-performed tasks are turned over to machines. But this fear may be unfounded – studies indicate that AI will create more jobs than it eliminates.

How is That Possible?

Most fears stem from a belief that AI will automate work that was previously done by humans, but Svetlana Sicular, research vice president at research and advisory giant Gartner Inc., says their study shows differently. "Unfortunately, most calamitous warnings of job losses confuse AI with automation,” said Sicular. “That overshadows the greatest AI benefit — AI augmentation — a combination of human and artificial intelligence, where both complement each other." That’s the key – AI will support humans to do other functions and enhance our work, not replace it outright.

Indeed, AI’s greatest boon will be related to productivity – Gartner estimates that in 2021, AI augmentation will generate $2.9 trillion in business value and recover 6.2 billion hours of worker productivity. Mike Rollings, research vice president at Gartner, stresses that the relationship between humans and AI will be complementary, not destructive. "AI can take on repetitive and mundane tasks, freeing up humans for other activities…[it] will require reinvestment and reinvention instead of simply automating existing practices," he said. "Rather than have a machine replicating the steps that a human performs to reach a particular judgment, the entire decision process can be refactored to use the relative strengths and weaknesses of both machine and human to maximize value generation and redistribute decision-making to increase agility."

The Gartner report cites 2020 as the year that the technology will become a “positive job motivator.” By their calculations, AI will have created 2.3 million jobs by that time while eradicating 1.8 million. They predict effects will vary by industry – Gartner found that healthcare, the public sector, and education will see continuously growing job demand through 2019, while manufacturing will see the greatest immediate losses. "Many significant innovations in the past have been associated with a transition period of temporary job loss, followed by recovery, then business transformation…AI will likely follow this route," said Sicular. Gartner believes that millions of middle- and low-level positions will be affected by the technology, but millions more highly skilled, management-level, and even refined low- and entry-level positions will be created, to the tune of two million net new jobs by 2025.

While Gartner’s report is speculative, their findings are not unique. A study of automation in the UK, conducted by prominent consulting firm Deloitte, found that AI made 800,000 jobs obsolete, but created 3.5 million new ones, which averaged $13,000 more in pay. While interim growing pains are to be expected, it appears that there is room for AI and humans to coexist – and improve each other’s productivity – long into the future.

Interested in How Artificial Intelligence Can Enhance the Investment Profession?

Hedge funds and large institutional investors today are using Artificial Intelligence to analyze large data sets for investment opportunities, and they have also unleashed AI on charts to discover patterns and trends. Not only can the AI scan thousands of individual securities and cryptocurrencies for patterns and trends, and it generates trade ideas based on what it finds. In this sense, hedge funds have had a distinct advantage over retail investors for some time now.

Not anymore! Tickeron has launched a new investment platform that allows everyday users to unleash the power of AI in the markets. Tickeron’s platform is designed to give retail investors access to sophisticated AI for a multitude of functions:

And much more. No longer is AI just confined to the biggest hedge funds in the world. It can now be accessed by everyday investors. Learn how on Tickeron.com.

Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.
SUMMERSALE79% OFF