FinTech Trends: Robots in Financial Services HCL Blogs

Bank of America Merrill Lynch released a report this week that said that annual global sales of robots has reached a record 10.7 billion in 2014. The authors valued the overall market for robotic technologies (including related software and sensors) at 32 billion for that same year. By 2020, the authors expect the robot market to be worth 83 billion. The autonomous driverless cars, developed by Google, provide one example of how manual tasks in transport and logistics may soon become automated. The combination of AI, machine learning, deep learning, and natural user interfaces (such as voice recognition) is making it possible to automate many knowledge-worker tasks.