Today the new fuss in the technology world is about artificial intelligence and how it will change the world, and the wealth management business. First let's clear up some of the confusion around nomenclature. Artificial intelligence is the concept that machines think and process new ideas by themselves, like the sentient computer Hal in the movie "2001: A Space Odyssey." Machine learning is the process by which machines are coded to adapt their programming based on new data and data analytics; think self-driving cars and Google's targeted "smart" ads that intuit what you might be interested in based on the sites you've visited. While we are still quite far from AI and a machine making up its own mind, we can't ignore the impact that smart programs powered by machine learning are making on the world.