How to Achieve Portfolio Optimization With AI

How to Achieve Portfolio Optimization With AI

Using AI tools and techniques can take your project portfolio to the next level. Learn about the components involved in creating an AI-driven financial platform in Hackonomics, Flatiron School’s March 2024 hackathon.

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Here’s a fact: Employers are seeking candidates with hands-on experience and expertise in emerging technologies. Portfolio optimization using Artificial Intelligence (AI) has become a key strategy for people looking to break into the tech industry. Let’s look at some of the advantages of having an AI project in a portfolio, and how portfolio optimization with AI can be a possible game changer in regards to getting your foot in the door at a company.

The Pros of Having AI Projects in a Portfolio

For people seeking to transition into the tech industry, having AI projects in their portfolios can be a game-changer when it comes to landing coveted roles and advancing their careers. By showcasing hands-on experience with AI technologies and their applications in real-world projects, candidates can demonstrate their readiness to tackle complex challenges and drive innovation in any industry. Employers value candidates who can leverage AI to solve problems, optimize processes, and deliver tangible results, making AI projects a valuable asset for aspiring tech professionals.

Achieving portfolio optimization with AI by integrating AI into portfolios is quickly becoming a cornerstone of success for tech job seekers. However, portfolio optimization with AI involves more than just adopting the latest technology. It requires a strategic business approach and a deep understanding of Artificial Intelligence. Below are details about Hackonomics, Flatiron School’s AI-powered budgeting hackathon

The Components of Flatiron’s AI Financial Platform Hackathon

Identifying the Right Business Problem

The Hackonomics project revolves around cross-functional teams of recent Flatiron graduates building an AI-driven financial platform to increase financial literacy and provide individualized financial budgeting recommendations for customers. Identifying the right business problem entails understanding the unique needs and challenges of a target audience, ensuring that a solution addresses critical pain points and that the utilization of AI delivers tangible value to users.      

AI Models

At the core of Hackonomics are machine learning models meticulously designed to analyze vast amounts of financial data. These models will enable the uncovering of valuable insights into user spending patterns, income sources, and financial goals, laying the foundation for personalized recommendations and budgeting strategies.

Software and Product Development

As students develop their Hackonomics projects, continuous product development and fine-tuning are essential for optimizing performance and usability. This involves iterating on platform features (including UI design and SE functionality) and refining AI algorithms to ensure that the platform meets the evolving needs of users and delivers a seamless and intuitive experience.

Security and Encryption

Ensuring the security and privacy of users’ financial data is paramount. The Hackonomics project incorporates robust security measures, including encryption techniques, to safeguard sensitive information from outside banking accounts that need to be fed into the platform. Additionally, multi-factor authentication (MFA) adds an extra layer of protection, mitigating the risk of unauthorized access and enhancing the overall security posture of our platform.

Join Us at the Hackonomics Project Showcase on March 28

From March 8 to March 25, graduates of Flatiron School’s Cybersecurity, Data Science, Product Design, and Software Engineering bootcamps will collaborate to develop fully functioning AI financial platforms that analyze user data, provide personalized recommendations, and empower individuals to take control of their financial futures.

The Hackonomics outcomes are bound to be remarkable. Participants will create a valuable addition to their AI-optimized project portfolios and gain invaluable experience and skills that they can showcase in job interviews and beyond.

The judging of the projects will take place from March 26 to 27, followed by the showcase and awards ceremony on March 28. This event is free of charge and open to prospective Flatiron School students, employers, and the general public. Reserve your spot today at the Hackonomics 2024 Showcase and Awards Ceremony and don’t miss this opportunity to witness firsthand the innovative solutions that emerge from the intersection of AI and finance. 

Disclaimer: The information in this blog is current as of March 13, 2024. Current policies, offerings, procedures, and programs may differ.

About Angelica Spratley

Angelica 'Jelly' Spratley is a senior data science instructor at Flatiron School, bringing over eight years of experience in education and five years of experience in the data field. With a firm…

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