City Group: The employees most affected by the financial sector of the artificial intelligence revolution

The “City Group” group believes that artificial intelligence is likely to replace more jobs in the banking sector compared to any other sector, as technology is expected to reform and make employees more productive. Yesterday, Wednesday, the bank said in a recent artificial intelligence report that about 54% of banking sector functions are very automatic. City Group found that technology could improve an additional 12% of the sector’s job. The world’s largest banks have slowly begun to expand the artificial intelligence experience over the past year in the hope that it would help increase the productivity of employees and reduce costs. For example, City Group intends to give the 40,000 programmers the ability to try different artificial intelligence techniques. He also said that he uses obstetrician artificial intelligence, which can produce sentences, articles or hair based on simple questions or orders from the user, to accelerate the research in the organizational proposals consisting of hundreds of pages. A revolution in the world of work attracts JP Morgan, and the Bank CEO believes that technology will enable employees to reduce weekly working days to only 3.5 days. Deutsche Bank is also accustomed to artificial intelligence to analyze wealthy customers, while Ing -grabbing NV Customers can investigate the most vulnerable for failure to pay. David Griffiths, Chief Technology Officer in City Group, said in a statement accompanied by the new report that the obstetrician artificial intelligence has the ability to revolutionize the banking sector and improve profitability: to improve. ‘ Even if artificial intelligence replaces some roles in the sector, technology may not lead to a decline in the number of employees, according to City Group. Financial institutions are likely to be a large number of artificial intelligence managers and officials who need to employ compliance who focus on artificial intelligence to help them ensure the use of technology in accordance with regulations. In addition, the new technologies have not always produced work. ‘City Group’, for example, gave it, as the number of human cashiers between the seventies and the middle -2000 increased, even after the launch of ATM machines.