Robotics is changing the banking sector in two major areas: behind-the-scenes operations and customer experience. Robots are predicted to cut operating costs for banks substantially through reduced staff, increased efficiency and a decreased need for physical location...
Future robots may gain a kind of experiences with deep learning and AI algorithms. The trend is in this direction. Experience is not an advantage of human anymore.
As robots and automation technologies take over tasks performed by labor, there is increasing concern about the future of jobs and wages. This study analyzes the effect of the increase in industrial robot usage between 1990 and 2007 on US labor markets. ...
Acemoglu, D., & Restrepo, P. (2017). Robots and jobs: Evidence from US labor markets.
West, D. M. (2015). What happens if robots take the jobs? The impact of emerging technologies on employment and public policy. Centre for Technology Innovation at Brookings, Washington DC.
This article assesses the effect of computer‐based technologies on employment in Australia. They find that:(i) the total amount of work available has not decreased following the introduction of computer‐based technologies; and (ii) the pace of structural change and etc...
Borland, J., & Coelli, M. (2017). Are robots taking our jobs?. Australian Economic Review, 50(4), 377-397.
For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a percent, according to a new paper by the economists, Daron Acemoglu of MIT and Pascual …
Miller, C. C. (2017). Evidence that robots are winning the race for American jobs. New York Times, 29, B3.
We expected people to be more comfortable replacing humans with robots when jobs were framed to require cognition than to require emotion...
Waytz, A., & Norton, M. I. (2014). Botsourcing and outsourcing: Robot, British, Chinese, and German workers are for thinking—not feeling—jobs. Emotion, 14(2), 434.
There are millions of robots used in industry in production lines just for welding, feeding parts to the machines or carrying something. These robots never use AI. For these type of robots AI is not needed and also not economic. You can not generalize that robot technlogy already use AI.
Capitalizing on the latest developments in 5G and ultra-low delay networking as well as Artificial Intelligence (AI) and robotics, researchers advocate here for the emergence of an entirely novel Internet which will enable the delivery of skills in digital form....
Dohler, M., Mahmoodi, T., Lema, M. A., Condoluci, M., Sardis, F., Antonakoglou, K., & Aghvami, H. (2017, June). Internet of skills, where robotics meets AI, 5G and the Tactile Internet. In 2017 European Conference on Networks and Communications (EuCNC) (pp. 1-5). IEEE.
… When it comes to organizing and manipulating data, processing complex mathematical problems, and executing tasks in the blink of an eye, AI and robotics are the most preferred choice … The AI and robotics sector never fails to impress people with innovations …
Chaus, O. (2019). Artificial intelligence and robotics. In Modern technologies: improving the present and impacting the future. Дніпровський національний університет залізничного транспорту імені академіка В. Лазаряна.
… Banking sector is moving towards digital 2.0 stage .Modern trend in the banking sector is adopting Block chain technology, Artificial intelligence, Robotics process Automation by all banks.
Aggarwal, V., Ahuja, N., & Yadav, V. (2020). The Role of Digitization in the Indian Banking Sector Post Demonetization. Studies in Indian Place Names, 40(60), 1989-2007.
… Advanced technologies like Blockchain, internet of things (IoT's), artificial intelligence (AI), and robotics have become mature enough to create disruption in banking and finance industry both conventional and Islamic finance industry …
Ali, H., Abdullah, R., & Zaini, M. Z. (2019). Fintech and Its Potential Impact on Islamic Banking and Finance Industry: A Case Study of Brunei Darussalam and Malaysia. International Journal of Islamic Economics and Finance (IJIEF), 2(1), 73-108.
… Chatbot is a way of using Artificial Intelligence in the form of robotics in banking ...
Arya, S., & Rajkumar, A. (2019). E-Brain (Artificial Intelligence): An Edge to Indian Banking System. International Journal of Management, IT and Engineering, 9(7), 312-322.
Cyber-Physical Digital Service Provisioning with Mobile Robotics...
Pakkala, D., Koivusaari, J., Pääkkönen, P., & Spohrer, J. (2020, January). An Experimental Case Study on Edge Computing based Cyber-Physical Digital Service Provisioning with Mobile Robotics. In Proceedings of the 53rd Hawaii International Conference on System Sciences.
West, D. M. (2015). What happens if robots take the jobs? The impact of emerging technologies on employment and public policy. Centre for Technology Innovation at Brookings, Washington DC.
Yes, the progressive computerization and automation of processes leads to the replacement of human capital by robots, learning machines, artificial intelligence, advanced data processing systems on Big Data platforms, etc. The development of artificial intelligence and robotization threaten many workplaces where people function. Labor markets in the future may change to a large extent in the next dozen or so years.
In the future, autonomous robots equipped with artificial intelligence will be built. However, mankind should not be afraid of this process, because it is people themselves who create this ongoing technological advance. In my opinion, human emotions, expressing human emotions and feelings are very important in human life and are what will always distinguish people from other creatures and also from machines equipped with more and more perfect artificial intelligence, which are machines that man builds. Artificial intelligence will simulate human emotions in the future, but it will never really possess them. Currently, the key, rapidly developing areas of the current technological revolution Industry 4.0 include artificial intelligence technology, machine learning, robotics, etc. We are seeing the integration of these technologies in various new applications. Robots are used in work with difficult working conditions. for example, in mines, in searching for people in areas affected by natural disasters, and in other difficult working conditions with a high risk to human life. In such applications, robots are very useful.
On the other hand, there are new risk categories related to the development of robotization integrated with artificial intelligence. Humanity is concerned about the development and emergence of the next generation of artificial intelligence installed in autonomous robots and androids. However, these concerns are usually unnecessary because AI will not be equipped with human emotions. Artificial intelligence will simulate human emotions in the future, but it will never really possess them. Therefore, it should not break free from human control. I believe that catastrophic visions known from many science fiction novels and movies such as "Terminator", "AI. Artificial Intelligence", "Me, robot" etc. will not come true. I hope that the development of robotization integrated with artificial intelligence will not get out of human control.