Financial Robotics!Can AI replace Humans?

Welcome to the world of Robotics! AI is the game changer in Stock market.

AI could effectively crunch millions upon millions of data points in real time and capture information that current statistical models couldn’t and this what makes it more Interesting.

Online trading is expected to reach a market value of approximately?$12billion by 2028. Much of this anticipated growth will be thanks to AI.While humans remain a big part of the trading equation, AI plays an increasingly significant role. Algorithmic trading accounts for around 60 to 73 percent of U.S. equity trading, according to Wall Street data highlighted in one report.

AI stock trading companies are also increasing now a days let me name few: Numeria,Auquan,Intotheblock,sentieo and many more.

Robots are quickly taking over finance in a variety of ways that are saving the industry millions and automating time-consuming tasks. Robotic Process Automation (RPA) helps financial institutions with everything from financial modeling to invoice processing.

Have you heard about:

- Blue Prism it just an amazing automation used by Banks in London where it provides banks with a digital workforce that performs matching and validation, then delivers completed results to the institution’s document management systems.

-BNY Mellon it employs RPA in New york ?to automatically settle trades and confirm appropriate allocation. In the past, that time consuming function was performed manually.

-USAA used inTexas which?deploys virtual agents (along with artificial intelligence) to make interactions with its human customers feel more real. The company refers to this ability to comprehend behavior and preferences as “digital empathy.”

-Computing systems Innovation Intellidact AI Process Automation software, real estate professionals can reap the benefits of quick document access, automated data entry and round-the-clock processing — all of which contributes to greater office efficiency, lower staffing costs and more solid data integrity.

And what not, but what can be changed is Just the routine work and that too efficiently because we yet not created a brain and when that will happen then surely AI can replace Humans! Adoption is the key or be ready to say yourself as an older monk.

-CA Meghna Jain