Why do large companies replace people with robots?

At the present stage of the society development, the economy is becoming less regional and more global. And therefore, for analytics and forecasting of the cryptoactive movement direction, only technical indicators become insufficient. For a more accurate forecast, one should consider the political and socio-economic situation in the world, as well as the behavioral economy based on data from news sources and social networks. Such a volume of information the human brain is not capable to process quickly enough. Therefore, the main trend for a significant increase in profits of large companies was the use of neural networks for database processing.

IBM Consultant Mark Lind, one of the 15th top specialists of digital transformation has confirmed that since 2017, artificial neural networks and algorithms are being used to measure risks, trade analysis, and price forecasts. Today, most AIs are used as tools for traders, however, machine learning of neural networks is continuing continuously, and the advantage at the market have companies with more advanced algorithms. For example, Goldman Sachs reduced the number of advisers from 600 traders to 2, significantly reducing their costs. Work on analytics for the company's clients is now being performed by bots. At the same time, one of the main advantages of an artificial algorithm before a person is the absence of human emotions.

Read more https://syntera.io/articles/128