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Technology Will Not Replace All Finance Jobs… Not Yet, Anyway

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Mark Melin
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Much like a price trend in markets, technology trends have points that can be considered a “crest” where mean reversion takes place. With a harangue surrounding computers taking human finance jobs, how much of this is reality and how much of it is hype?  A recent Greenwich Associates study, “AI: The Coming Disruption on Wall Street,” provides perspective on an issue that is not so much an issue of if disruption comes but how deep the automation goes.

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finance jobs
Media source: Bloomberg

75% of financial services companies will leverage artificial intelligence in 2018, but it will initially impact 15% of finance jobs

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.