With all the advancements in technology as well as in the financial world, there are a lot of gadgets nowadays that might seem like a necessity to be more profitable or successful in any financial endeavor. The improvements in AI technology have made it possible to create a trading bot that supposedly handles which stocks to trade and when to go in and out of them to maximize profits. This is a great tool to have, however, it is still quite experimental as well as expensive so here’s a list of affordable gadgets for professionals in the field of finance that should be as value-adding as an automated trading bot.
A Portable Scanner
This gadget isn’t really a new one but if used the right way, it could definitely make the life of a finance professional a lot easier. These portable scanners have a lot of use cases that do not only cater to accountants or professionals in that field but also to the average person. It is fundamental in finance to keep track of expenses and the old-fashioned way to do that is to compile all the receipts of your said expenses so that you can stay within your budget and make sure that you are always in profit and not in debt. The problem with that is that it is so easy to lose or destroy these small pieces of paper. With the help of a portable scanner, you can immediately create an extremely clear copy of these receipts which is automatically sent to your preferred smart device for storage, logging, and safekeeping.
The TimeFlip
The perks of this gadget are not exclusive to financial use but it is pretty clear how it helps people in the financial world. It is so easy to lose track of time when focused on a very stressful and difficult task. What TimeFlip offers its users is a way to minimize distractions while keeping track of your time spent on a single task. It does this by having an application connect to a dodecahedron or a 12-sided object which has a different task per side. The side and task that is facing up at the time you start the app will be the one that is monitored in terms of time consumed. Since it is like a paperweight on your table, it doesn’t distract you as much as a ticking clock and with this real-time monitoring, you can be very strict with your time allotment throughout the day. Time is gold and this gadget makes sure that you make gold with your time.
The Vuzix Blade Glasses
This gadget is known better for winning the innovation award in the 2019 CES and like the portable scanner, its use case is not limited to professionals in finance. If you are a fan of the “Back to the Future Trilogy”, you’ll have an easy time imagining how this gadget works because it is very much like those futuristic shades they would put on there to show TV shows, music, and whatever else the user would want to be all at the same time. With respect to the financial professionals, this gadget is useful to them because it allows them to check on their investments and trades at the corner of their eye while being in a video conference or getting another task done.
A Smartphone
This gadget is a no-brainer when it comes to must-haves in the financial world. It allows you to stay updated with not only price movements in stocks or any other market but also keeps you updated on the latest news from the globe as long as you are connected to the internet. Aside from the monitoring capabilities it offers, it has also become a way to execute trades at any time the user would want to go in or take profit from any exchange. Technological advancements have been these operations smoother on a phone and it’s looking like things are only bound to get better from here.
The Reliable Laptop
Smartphones are great but it is undeniable that most professionals would still prefer to work on a laptop. Security-wise, laptops are harder to crack hence you feel more protected from any external risks that might burn your capital or anything of that nature. The rise in the value of the crypto market has also made these laptops, not only gadgets for transactions but also tools for mining the said assets. Like the smartphone, the specs on these laptops or desktops also continue to improve hence providing better use and performance for the users. The specifications you’ll need to do professional financial work might differ depending on the market you are playing in but, overall, the laptop is still the best gadget to have in the world on finance.
There are a lot of upcoming gadgets that might rival any of the items mentioned above but, for now, these are the ones that will definitely make life easier for people who invest in technology expense management. It might take years or longer for these gadgets to be overthrown but until then, keep an eye on the advancements of these gadgets and you should be good for the next 5 years to come.