Which finance jobs are safe from robots and automation?
From loan officers to data analysts to financial advisers and the automation of the back end finance processes, automation is making an impact on the finance industry with greater advancements to come in the next decade. For an industry that is based on processing information, it is of little surprise that the finance industry faces a huge threat from automation. According to research by Oxford academics released in late 2013, they suggested that the financial industry had more jobs, approximately 54 percent, at high risk compared to any other skilled industry. Automation of jobs is happening right now and as machine learning progresses, more and more higher-paying jobs, like the medical industry, which we previously thought immune, are starting to be altered. This market snapshot will look at what impact automation is having on the finance industry, with a particular focus on the back-end finance processes after a Q&A session with Steve Palomino, Director of Finance Transformation at Redwood Software.
May-31-2016, 17:07:20 GMT
- Industry:
- Banking & Finance > Financial Services (0.52)
- Technology:
- Information Technology > Artificial Intelligence > Robots (0.57)