Despite the benefits, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/financial-planners” target=”_blank”>financial planners expressed reservations regarding the use of artificial intelligence (AI), with 47% citing data privacy and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cybersecurity-concerns” target=”_blank”>cybersecurity concerns, according to a report by ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/fpsb-india” target=”_blank”>FPSB India, the Indian subsidiary of the Financial Planning Standards Board.The report titled “How AI is reshaping the financial planning profession” further highlighted that about 42% of financial companies’ top executives are still concerned about the accuracy and reliability of AI outputs.
On the positive side, the report highlights that over…
