Companies Replace Finance Department Workers with Robots
This article covers ground on the advantage of evolving technology for a company’s finance and treasury department. Not only will companies save time and money, but they will also decrease error rates by implementing the use of robotic technology to take care of their finances.
Company owners and executives shine the light on the advantages of using such technology/robots, but do they realize the downfall this will cause in the job market? Yes they mention that they won’t completely let these robots take over because they want human minds to make important decisions with beforehand predictions, but not all finance employees will be necessary for this task. Finance and treasury employees are more than likely not rooting for this “robotization.” Many will lose their position in a company or definitely lose their job.
This relates to marketing because they are creating and promoting a new product which will definitely boost their performance, however it will harm some of their employees.
(https://www.wsj.com/articles/companies-leave-bean-counting-to-the-robots-1508407203)
(https://www.wsj.com/articles/companies-leave-bean-counting-to-the-robots-1508407203)
This is very interesting because in an age of growing technological innovation, it is always a concern that humans could start to lose their jobs to robots. It makes sense from the standpoint of higher efficiency and lower margin of error, but it is just pretty sad that people that have worked hard to get to a certain point in their careers, can be jobless just like that.
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