When Business Insider asked experts what they thought would change the financial industry in the next decade, nearly all said automation. But while some saw humans being replaced, others thought the tech will make humans better.
We surveyed chief technology officers, chief innovation officers, startup founders, and venture capitalists . This is what we learned:
We are heading towards a world where ” ubiquitous mobile computing, an exponential growth in data, and continuous advances in machine learning and artificial intelligence will transform finance into an always-on, algorithmically driven industry,” according to Sean Park, the founder, chairman and CIO at venture capital firm Anthemis Group.
Adding to this trend, he said, is the coming of age of the “snapchat generation,” the millennials (and the generation ahead which some call “Generation Z”) that have grown up using technology in an automated world.
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SOURCE: Business Insider
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