Artificial intelligence (AI) could contribute up to $15.7 trillion to the global economy by 2030 more than the combined outputs of China and India. This vast potential signals how deeply AI is set to impact both investment strategies and the lifestyles of affluent individuals globally and in South Africa.
"The integration of AI into daily living is creating new opportunities and enhancing luxury experiences," says Mark Nasila, Chief Technology Officer. AI is already transforming decision-making, customisation, and convenience across lifestyle sectors.
Investors may benefit from AI by either investing directly in AI-focused companies or leveraging its impact across different sectors. Understanding trends and responsibly adopting AI tools ensures it empowers rather than overwhelms wealth and wellness strategies.
1. Art and collectibles
AI is reshaping the art world from creation to curation. Platforms like Art.co.za use AI to track trends and highlight emerging artists. "This allows investors to discover talent and assess the value potential of contemporary pieces," explains Nasila.
However, AI's predictive power in the art world has limits. Forbes warns of inclusivity challenges, especially where AI access varies. Unequal access could widen gaps between global markets.
Despite these issues, when used with awareness, AI remains a valuable tool for navigating art and collectibles investment opportunities.
2. Travel and holiday destinations
In 2024, AI-powered platforms like Travelstart are curating personalised itineraries. "AI tools can uncover exclusive experiences aligned with individual preferences from Kruger Park safaris to Cape Town culinary tours," says Nasila.
Custom travel is now easier and more refined, thanks to intelligent assistants that optimise every detail based on client tastes.
3. Dining experiences
AI enhances high-end dining through data. Restaurants such as The Test Kitchen and Restaurant Mosaic use analytics to understand guest preferences and tailor menu suggestions. "This level of personalisation ensures each meal is a curated experience," Nasila notes.
4. Lifestyle and wellness
From fitness to mental wellness, AI is helping clients reach personal goals. Apps like 8fit and Fitness Blender personalise routines based on data-driven feedback. "With these tools, users maintain healthier lifestyles while optimising their progress," says Nasila.
5. Sustainable living
AI is also advancing sustainability. Tools now help users evaluate the eco-impact of investments and uncover sustainable travel options. AI supports global efforts, including Microsoft's initiatives to model climate risks and optimise agriculture.
Smart home technology, like Google Home and Samsung SmartThings, uses AI to customise comfort and efficiency offering remote control over lighting, temperature, and security.
6. Finance and investment management
Perhaps AI's most direct impact is in personalised wealth management. Algorithms analyse market movements to deliver customised strategies. "At RMB Private Bank, AI enhances portfolio oversight with real-time insights," Nasila explains.
Still, Nasila emphasises the balance between AI and expert advice. As adoption accelerates, staying informed is key. The future of affluent living will be shaped by AI not just through technology, but through how wisely it's integrated into life, finance, and personal wellbeing.
