Wall Street is getting ready for a change, which can be ripërcaktojë the landscape, the work of the financial sector. According to a research published by Bloomberg, the key institutions of the bank expect to reduce the power of their workforce by 3% over 3 to 5 years, equivalent to approximately 200,000 positions. The main reason for this reduction is adopting more and more of the spread of artificial intelligence, is meant to replace the duties of repetitive and, at the same time, to optimize the operation of the interior.
The effects will be related mainly to the fields of administration and operations, where the automation is promising to improve the efficiency and speed of decision-making processes. The analysis and gathered the opinions of the directors of the bank, which sees the introduction of these technologies, as well as an opportunity to reduce the cost and increase the competitiveness in the market of ever more to be desired. However, on the negative side, the uncertainty for the thousands of workers, forced to rimendojnë a role to play.
The banks are currently investing in the solutions, advanced data processing and analysis built-in, which is applied in key areas such as business, portfolio management, and prevention of fraud. Experts agree that while the transition in technology can provide the benefits of the economic long-term, you need a plan of re-training is intended for employees at risk of losing their jobs.
Now, today, the vast majority of the transactions and operations of the financial it on Wall Street, performed by the algorithms, without the knowledge of the people, and by the time the response and efficiency of the action, which is unlikely to be possible on the part of the human. Therefore, an intensification of the use of the technology, it is not surprising, taking into account the added value that it can to ensure IT.
In the light of these data, the future of Wall Street, it seems complex but is full of challenges, where technology and human capital are going to need to find a ekuilibra of young people.
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