People prefer Robots to Humans for Managing Finances

A survey says that humans prefer robots to humans for financial management. This belief is because robots are essential for a few key tasks.

This pandemic situation has totally changed the people’s perspective of life. Their decision making and priorities have been changed. Most importantly, their ability to deal with financial matters have been changed.

Faith of companies and individuals is shifting more towards the artificial intelligence and robots in the recent days. This has been stated by the study conducted by Oracle. Particularly after the pandemic, people are more interested in gadgets and online activities. This resulted in the booming use of artificial intelligence in the field of financial activity management and implementation.

In 14 countries, with over 9000 people, a study has been conducted. The results of very much surprising. This study revealed that for financial purpose 67 percent of respondents trust artificial intelligence more than humans, 60 percent would rather trust a robot with their finances than themselves and then 77 percent trust robots more than their finance team.

Robots are necessary and well versed for tasks such as approvals, budgeting, forecasting, reporting, compliance, and risk management. This is the belief of majority of people in the survey. Interacting with clients, negotiating, discounting, and approving transactions are some of the humanly activities. These requires humans rather than robots. This was the completely analyzed report given by the survey.