New Study Shows People Trust AI More Than Themselves with Money
February 12, 2021
(WP) According to a press release issued by Oracle, a recent study shows that 67% of consumers and business leaders place extremely high levels of trust in robots to perform financial tasks.
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. In addition, people are rethinking the role and focus of corporate finance teams and personal financial advisors, according to the research.
The study also suggests that corporate finance professionals and personal financial advisors will have to embrace change and develop new skills to adapt to the growing influence and role of technology.
"Robots are well-positioned to assist – they are great with numbers and don't have the same emotional connection with money. This doesn't mean finance professionals are going away or being replaced entirely, but the research suggests they should focus on developing additional soft skills as their role evolves."
The trend toward AI-based decision making doesn’t seem to be slowing any time soon.
Read more about the Oracle study here https://www.oracle.com/erp/ai-financials/money-and-machines/
Photo Credit PRNewsfoto/Oracle
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