A key component of Robo advisory service models is the use of optimization algorithms, which are designed to solve investment challenges such as portfolio allocation for a specific type of investor. The outcomes derived from algorithms used by various Robo advisor will vary based on the methodologies, assumptions, tools, and data inputs used by the algorithms. The classic Mean Variance Optimization Model is the most widely accepted technique which determines expected returns and volatilities for the asset classes or securities, along with correlations among the asset classes, and then uses a complex algorithm to determine the best weightings for each risk level.
Recent developments in technology have given chatbots more power in interpreting natural language and machine learning. Major companies like Facebook, Google, Amazon, Apple, and Microsoft are leading contributors in the development of futuristic chatbots, and are working on enabling advanced interactions between consumers and machines with commercially-viable business models. These chatbots are able to understand conversational language, retain context over a conversation, and handle complex requests, making them a viable option for implementation in critical applications such as managing wealth.
Taxation is a way of raising income in order to defray the necessary expenses of the government. It is the inherent power of the state to demand contribution to finance all the government expenses.A tax is a financial charge imposed..