Artificial Intelligence opens new opportunities and is one of the great transformers of the world of work and society. Financial decisions are already being made under the application of automated processes and robotic systems.
We anticipate some of the changes that Artificial Intelligence will cause in the financial sector.
Personal banking has been one of the most outstanding innovations in the digital transformation in the world of finance. The Artificial Intelligence has entered all sectors and thus has brought new ways of acting and the need for professional roles to meet these new processes capable of handling new technologies and digital tools. Keep reading: How to incorporate mobile learning in the classroom?
Finance and Artificial Intelligence
Decision-making based on better processing and analysis of data is one of the improvements that technology has brought to the world of finance and Artificial Intelligence.
The multitasking and automation of many processes are the major changes that lead to the use of Artificial Intelligence and that, mainly, has affected the working world around this sector.
The disruption of Artificial Intelligence is based on its ability to imitate human intelligence, but qualifying data processing and access to information.
Together with Marketing, the financial sector is one of the most committed to the integration of the AI and, thereby, marking a point and separate in the way of operating and the professional needs to be covered.
Wall Street is already operating robot-advisors, who carry out processes related to financial advice, democratizing. Thus, the access of small investors to this type of personalized services.
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Robotic Process Automation applied in banking and finance has improved efficiency, productivity and cost reduction:
On the one hand, risk management has been improved in the evaluation of investments or in the profile of borrowers. It is also serving to detect new opportunities in the stock markets and to obtain better results from the analysis of the market, investor and consumer behavior in general.
On the other hand, access to the finances of any person has been democratized and personalized, either through electronic banking or access to applications and software that study the behavior of the stock market and the financial market.
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The use of Artificial Intelligence in finance will increasingly require professionals specialized in the application and understanding of these technological innovations.
In a certain way, some of the tasks carried out by the financial experts have been simplified with the automation processes, but, in return, they need to acquire competencies that allow them to expand their technical knowledge, understand the information provided by the machines and detect them. new and better opportunities.
This will also lead to more dynamic professional profiles that are adaptable to the environment and new ways of working, as well as offering better experiences to clients and investors.
Banking and the analysis of financial markets will continue to be considered of the highest-paid professions, but with the highest training requirements. Finance and Artificial Intelligence are related to each other. Check also: http://downloadteam.org/textbooks-yes-or-no/