slam dunk 1,317 Report post Posted May 17, 2019 Recent developments by Google, Amazon etc have focused on voice technology. They call them smart speakers but what it means is its much easier to develop apps that instead of using a keyboard or mouse one just talks. That means one can be on the couch watching TV or say driving and place a bet just like previously using phonebet except now there is no operator. Nor does there need to be the dreaded TAB website. That can be bypassed. Confirmation of the bet is made on the mobile's screen. Some overseas gambling outfits have already developed such an app but the quality and reliability can still be improved as the technology and products are being developed. Since the TAB website is killing racing its up to NZTR to set in motion independently of the TAB these additions to enable stress free punting. As well as voice it should be possible to scan marks on a racebook or read one's own scribble to send off a bet. Hardly would need $50M to develop these additions but if NZ Racing was successful in developing something it could be licensed to other racing jurisdictions. Black Kirrama 1 Quote Share this post Link to post Share on other sites More sharing options...
Insider 3,883 Report post Posted May 17, 2019 We used to have "voice recognition" on course and at the TAB when I was a young girl, then they told us we had to use those damn complicated Jetbet Slips. Funny how things go the full circle! von Smallhaussen 1 Quote Share this post Link to post Share on other sites More sharing options...
slam dunk 1,317 Report post Posted May 19, 2019 On 5/17/2019 at 7:43 PM, Insider said: We used to have "voice recognition" on course and at the TAB when I was a young girl, then they told us we had to use those damn complicated Jetbet Slips. Funny how things go the full circle! Actually even the so called switched on techno's are turning to voice. This refers to share market trading. TRADE HANDS-FREE, QUICKLY Voice-activated trading makes it easy to quickly execute trades and allows you to focus your attention elsewhere. Let’s say you’re watching the news on TV and a company makes a big announcement. Maybe the announcement is great news and you want to pick up shares. Or perhaps it’s bad news and you want to sell your holdings quickly. Let’s assume that you don’t have your computer or smartphone in front of you. You could take the time to grab your device, log in to your trading account, find the stocks, and make the trade, or you could simply speak the command: “Sell 10 Shares of General Motors stock” or “Buy 15 shares of Apple Inc.” And then it’s done. No passwords, no messy user interfaces to wrestle with, just give the command. Voice-activated trading enables faster trading. For day traders, speed will be appreciated. However, even if you’re not a regular day trader, having another input option could come in handy. If you want to react quickly, it’s hard to beat voice commands. Think about typing speed. A lot of people would struggle to type 50 words per minute. Yet most people can easily say 150 words in a minute. Then add in all the time it takes to navigate through user interfaces. Even executing a simple trade on your favorite platform could take a minute or more. With voice-activated trading, minutes become seconds. You’ll be able to conduct a trade in just a few moments. This means traders can react quickly to news, potentially even beating markets and other traders. IS VOICE ACTIVATED TRADING ACCURATE? Many people worry that voice-activated trading (or shopping, for that matter) would result in a lot of misplaced orders. It’s taken some years to develop accurate and efficient voice activated trading software. However, years of research and experimenting have resulted in highly accurate voice recognition software. In fact, voice recognition software is so accurate that many traders may prefer it to traditional methods. A user might click on the wrong button or key in the wrong word. However, high-quality voice-activated software almost certainly won’t misunderstand a command. IS VOICE-ACTIVATED SOFTWARE SECURE? Another major software concern with voice-activated trading software is security. Could an unscrupulous party make a trade on your account? Or perhaps more worryingly, could a child or someone else make an accidental trade? Modern voice trading software can actually recognize a person’s voice. That way, you can ensure that only the authorized trader executes a trade. If a child mimics what their parent says, and suddenly shouts out “sell Ford stocks!”, the software would disregard the command. On the other hand, if a user leaves their trading platform open on their computer or another device, there’s a serious risk that a child or other unauthorized party could end up accidentally executing a trade. Likewise, someone could steal your password through brute force hacking, malware, or other means. It’s much harder to steal, or in this case mimic, one’s voice. Given all of the above, voice-activated trading may actually be more secure than other trading methods. WHEN IT COMES TO SERVING STOCK TRADERS, DIVERSITY IS A PLUS Not everyone is going to want to use voice-activated trading. In fact, many traders prefer either their smartphone or laptop. However, the more options you offer, the better. Even traders who prefer traditional electronic devices and inputs appreciate a variety of options. Right now, only a few companies offer voice-activated trading. However, these companies are positioning themselves as industry leaders. By being innovative, these companies offer proof that they are constantly looking for ways to better serve their customers. voice activated stock trading As markets continue to evolve and technology continues to progress, stock trading companies will need to keep with the times. By offering advanced features, such as voice-activated trading, brokerage firms will be able to improve their brand reputation and attract new customers. hedley 1 Quote Share this post Link to post Share on other sites More sharing options...