How robots are changing the face of banking

Move aside people, robots are here! Robots are becoming smarter, faster and cheaper and their deployment across industrial usage such as automotive and electronics has surged in the last couple of years. From industrial robots to self-driving cars, robotics technology is becoming more cognitive-enabled that replicates human skills and intelligence. For the past years, investment into the robotics sector has risen rapidly. According to CB Insights, the number of funding deals in robotics globally nearly doubled from around $273 million in 2014 to $587 million in 2015. The investment growth in 2015 was 115%, as compared to 55% in 2014 (Figure 1).