In recent years trading robots – special algorithmic strategies that allow trading on the stock market without unnecessary time and nerves – have become widespread in the stock exchanges.
A trading robot is a system that independently monitors a huge number of parameters, regularities, millions of quotations. Based on one or more signals it makes a decision about one or more deals. The robot can completely replace the trader in trade, taking upon itself all necessary functions. Using robots simplifies the transactions in the exchange, saves time, and even allows you to competently manage the risks, limiting possible losses. Today we will talk about Robotics as the Future of Banking and Finance.
Robotics
Robots are devoid of human emotions, which push exchange players to make mistakes. They help traders in their daily work and help implement trading strategies that are difficult or impossible to implement manually.
Robotic trading on the stock market has continued to gain popularity in recent years, and according to experts, this trend will clearly continue in the future. The emergence of domestic programs to test trading strategies confirms the growing popularity of robots. In the near future, this trend will be actively developing on the stock market: unfortunately, compared to the foreign experience in this area, the market is still catching up.
Robotic Trading
Algorithmic trading is especially actual under the conditions of instability, which is observed on the stock market in the last couple of years. It is no secret that at these times the temptation to make an emotional buy or sell is particularly high, and the coolness of the machine can play into the hands of the investor. In addition, robotized trading has a lot of other interesting nuances and opportunities.
Today a trading robot is no longer something that is available only to a select few. Over the past five years, there is an infrastructure that meets the needs of a wide range of traders. There are a lot of Internet resources where you can get detailed information about trading robots, but nevertheless, the most successful solution is seminars where you can get first-hand information and discuss all your concerns.
The Functionality of Digital Workaholics
The most monotonous and routine work for humans is perfect for robots. Everything that office workers usually get tired of and that steals a huge amount of time and effort can be given to artificial intelligence. Everyone would benefit from such a transfer of work. Employees will take on more interesting tasks and start working in the resource, managers will get improved business performance, and robots will be busy 24/7.
Banks invest in RPA as a profitable investment, bringing faster and cheaper processes, reducing operational risks, improving the efficiency of business processes and service quality. Robotization plays an important role in improving bank customer service and Credit card usage. Huge flows of data and information often lead to long execution of a client’s request or postponement of the deadline.
Robots Are the Future
Robotics is a very heterogeneous industry, and it is difficult to predict its future. Its growth potential is high – that much is certain. However, market players producing equipment and software for industrial automation must be agile and aggressive enough to take advantage of all the new strategic and technological trends that will become important over the next ten years. Small companies and startups will drive innovation in promising segments, be able to generate high profits, and change the size of the robotics industry.
The global robotics market will grow from the current $25 billion to $160-260 billion by 2030, experts predict in The Boston Consulting Group (BCG)’s Robotic Vision 2030: How Intelligence and Mobility Will Shape the Future. At the same time, the market share of robots that provide professional services can reach $170 billion – they will dominate. Sales of industrial and logistics robots will be about $80 billion.
Today the robotics industry is represented by more than 500 companies producing products in four main categories: conventional industrial robots and collaborative robots (cobots), robots for stationary professional services (for example, with medical and agricultural applications), robots for mobile professional services (professional cleaning, construction, underwater activities) and Automated Guided Vehicles (AGV) for transportation of large and small loads on logistics or assembly lines.
According to BCG experts, seven major trends will define and shape the robotics market over the next decade.
The Automated Future
We all understand that robotization is inevitable. That said, if we don’t think about our robots, other people’s robots will come and think about us–and our situation will certainly be worse.
One of the prerequisites guaranteeing that robots will soon be everywhere is the acceleration of societal development that we have seen throughout the history of the evolution of social institutions. The later new technologies emerged, the faster they went from prototypes to taking over the mass market. All of you have experienced in your lifetime the birth and death of many technical innovations that seemed cutting edge in your childhood.
Robotics is now evolving very rapidly, absorbing various technologies and breaking into new market segments. Twenty years ago, robotics was exclusively about industrial automation, where you could have a clear schedule for all the processes, program the robot, run it for five years without any changes, and it would work the same program for five years, doing the same things. Now we see that robotics is getting smarter, robots are getting closer to us. Their capabilities are becoming more flexible, they can adapt to the conditions around them. Economists agree that the impact of robotics on society in the coming decades will be comparable to the impact of the steam engine on agriculture and industry in industrialization. Robotics is likely to take a huge number of people out of their current jobs, but it will also create new activities that we will have to master.
The main driver of the widespread introduction of robots is increased productivity. In Europe, removing humans from dangerous and difficult conditions is also becoming an important task. This is due to the fact that the cost of living is much higher in Europe: insurance and medical expenses for personnel are taken into account at all stages of business process design. So the alternative to human labor has purely economic overtones. The increase in productivity from the introduction of robots depends on the industry and ranges from 10 to 55%.
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Bottom line
In the world of modern technology, we are increasingly surrounded by robotics. Robotics is an important part of the modern world. In everyday life – at school, at home, we use a huge number of technical devices: cell phones, washing machines, computer equipment, and many others, all of which are robots. Every year science develops, research does not standstill. This industry is improving very rapidly in the world.
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