The way we thought of apps back in 2008 is how we’ll view artificial intelligence five years from now ; 2016 will look like the AI ​​stone age.

If apps have created completely new actors, especially in the fintech space with mobile banking and shared payments, the app economy, sorry, be to have reached a peak, and monetizing an app has become an uphill battle.

Apps will be the technology of the past, ushering in a new era for AI. Bots today are simply app replacements or novelties, and the experience still feels like talking to a robot. But with bots grains become today Sure possible solve the problems that apps can not fix in entirely new ways that have not even realized yet.

Let’s take a look ahead. In the future, for example, bots, and AI in general, will help you make money off your checking account.

Did you know that extra cash in your checking account is a missed opportunity? Every day, it loses value to inflation. To generate better returns, you could keep the bare minimum in your checking account and invest the rest. Your account suddenly. With extra crediting in your checking account, you risk getting slapped with bank fees or credit card debt that quickly disappoint out any gains from your investments.

It is like you can not win. Either you’re missing out of capital gains, or you’re playing limbo with your account balance. AI will make this struggle a thing of the past.

Advances in AI will create a robo-accountant that knows your expenditure better than you do. By analysis your purchase history, it will move move money between your checking, savings, investments and credit cards. This way, your checking account’s balance is always in The narrow “sweet spot:” high enough to avoid fees, but not so high that you miss out on investment yield.

Right now, finding that sweet spot is time-consuming and anxiety-inducing. In time, the robo-accountant will know when you’re likely to splurge. It will know when your car will need a repair, when your electric bill will spike . It will know when you’re actually better off carrying a balance on your credit card than paying your bank’s minimum-balance fee.

A fee-minimizer / yield-optimizer could exist without AI, but it would not work that well. AI incorporates the ability to make complex judgments based on your history of management habits, the fees from your various financial institutions and countless other factors. This is the crucial link that makes the product useful: It plan ahead so you do not have to.

Your robo-accountant will take everything into consideration to make sure you get the most yield from your money while minimizing the fees you pay across the board. AI will enable us to increase our wealth while decreasing our anxiety. Given that more than 60 percent of Americans worry about missing their life goals, this is no small feat.