Some 89% of business leaders working in finance believe robots can improve their firm’s profitability by detecting fraud, creating invoices and conducting cost/benefit analysis.
A survey by Oracle also found that 77% of business leaders put more trust in robots than their own finance teams to manage their organisation’s finance needs.
And 49% of those surveyed in the UK believe robots will replace finance professionals in the next five years. However, it is a different story in China and India, where 72% and 67% see this happening by 2026.
The study of more than 9,000 consumers and business leaders in 14 countries found that the Covid-19 pandemic has increased financial anxiety, sadness, and fear among people around the world, and has changed who and what we trust to manage our finances.
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