Investment Executive Article – “The Internet of (Financial) Things”
“The Internet of Things” (IoT) is the name given to the growing phenomenon of interconnectedness between regular household devices, brought on by advances in computing technology and the evolution of the Internet. As more and more devices start talking to each other and, in turn, talking to us, our communication patterns in everyday life will change. By extension, this trend could have a profound impact on how clients interact with financial services institutions to receive advice and make investments. So, progressive organizations and their financial advisors need to consider how best to align their own business and information technology strategies with this trend.