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6 Artificial Intelligence Startups Savvy RIAs Should Discover

Kevin Gulley
Jul 7, 2017

Revenues from the artificial intelligence sector are expected to exceed $36 billion by 2025. Used for everything from algorithmic trading to social content distribution, AI is fast becoming one of this decade's must-have business tools.

While most of the conversation in the wealth management sector is around Robo-Advice, many of today's business-building tools are increasingly using artificial intelligence and machine learning.  If you are a cyborg advisor or simply want to put the power of AI to work for your firm, you have come to the right place.

Thanks to rapid development within the artificial intelligence startup community, it is now easier than ever for RIAs to discover intriguing AI resources. Review the following collection of up-and-coming artificial intelligence tools. You just might find a few you can use to improve opportunities for your business.

Presence AI

Presence AI brings artificial intelligence to the booking calendar. Let AI assist with your business' booking needs to increase your daily appointments, reduce the number of no-shows, and optimize your calendar for efficiency. Be careful sharing Presence AI with your front desk staff; they might start worrying about be replaced once they discover the power of an AI-enabled booking system.

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Caspy

If you are the type of person who checks their email multiple times throughout the day, you need to discover Caspy. This AI-powered Google Chrome extension will automatically notify you when crucial emails hit your inbox. Caspy learns from your email usage to understand which emails are important to you and updates you regarding important missives needing your attention. Caspy lets you snooze notifications if you are busy, mute contacts, and respond to emails in bulk. Caspy is also available for teams wanting to supercharge their email productivity. Email management + artificial intelligence = a winning combination. 


Chattermill

Chattermill combines artificial intelligence with customer service data to help businesses make smarter customer support decisions. Applying machine learning to customer feedback data from your business, Chattermill offers sentiment analysis, multi-language support, and a learning algorithm that improves over time. If you like the idea of adding AI to your customer support initiatives, Chattermill needs to be on your must-investigate list.

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erxes

erxes is building an open source platform that offers AI-powered messaging for brands. Features include real-time data tracking, multi-format team communications (email, live chat, SMS), multi-language support, and cross-platform functionality (Windows, Android, iOS). erxes can even customize a messaging system for enterprise customers.

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Firedrop AI

Firedrop helps you build your own website with the assistance of an artificial intelligence bot. Add sections to your site, change colors, create content, and publish your new website in minutes. Firedrop lets you publish your site either on a Firedrop.ai domain or on your own domain. If you like the idea of designing and launching a new website from your mobile phone, you will want to check out Firedrop.

Flo

If video marketing is part of your brand-building strategy, add Flo to your list of awesome artificial intelligence tools. The Flo app uses artificial intelligence to determine what is happening within the videos you create and offers automatic edit suggestions. Features include voice-assisted edits, background music integrations, image filters, and social media sharing.

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These tools are just a few of the options at your disposal if you want to integrate artificial intelligence into your business development plans. Entrepreneurial startups around the globe are building and launching AI tools with increasing frequency. The more attention you pay to the artificial intelligence startup sector, the likelier it is you will discover powerful tools to grow your business. Savvy RIAs understand the advantage AI gives them and are not afraid to use artificial intelligence to stay ahead of their competitors. Will you be incorporating artificial intelligence into your company's growth plans this year?

You May Also Be Interested In Reading: Digital Disruption in Wealth Management

 

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