With regards to finances, it is basic in every institution, that is the reason people who handle monies organize, maintain and audit financial records with extra care.
Since the appearance of Covid, it has changed our relationship with our financials. Furthermore, a total overview by Oracle find that robots are important for activities like approvals, budgets and forecasts, reporting, compliance and risk management, considering the pandemic’s new variation.
Oracle also uncovered that the confidence of many companies and people in artificial intelligence and robots in the management and execution of financial activities is growing at a faster pace.
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The study of in excess of 9,000 individuals in 14 nations uncovers that as much as 67% of respondents have trust in robots more than humans to deal with their finances of their work life. Practically 60% said they would confide in a robot with accounts more than themselves, while 77% trust robots more than their corporate finance team.
Nonetheless, some school of thought are also of the view that, a human touch is still needed for things like communicating with clients, negotiating discounts and approving transactions.
