Within the last few years, development in artificial intelligence has skyrocketed. What society has yet to grasp is the concept that artificial intelligence may one day replace daily jobs that people today possess. Financial technology has started to take root in society’s everyday activities. With the integration of artificial technology, people will need less and less human help and rely more on technology.
However, a question posed by the article includes whether society is willing to integrate this technology into everyday life. The fear of the unknown, of the advancement of technology, and of the replacement of jobs, keep majority of the population at bay. More and more people are starting to accept this change, from managing banking activities through online means. However, the day where banks no longer need human assistance is still far from reach.
Technology is constantly being improved. The replacement of jobs that are traditionally done by humans with technology can pose even greater social problems. While fintech can create new jobs, these jobs require highly trained employees. The gap between skilled and unskilled workers could potentially increase income disparity. In order for artificial intelligence and fintech to successfully be integrated into society, we must first find ways to sooth society’s uneasiness.
https://www.forbes.com/sites/madhvimavadiya/2017/02/27/artificial-intelligence-human-fintech/#1ee4e65046a1