Robotics has long been touted as the next big wave that will boost efficiency, increase customer satisfaction and, most importantly, slash costs and maximize profits. Robo-advisors are now entrenched in the investment industry, but most of these firms are not experiencing all of the benefits of automation; in fact, many of them are losing money. What are the main factors cheating robo-advisors of profitability?
What’s not to like about a process that simultaneously slashes costs and boosts efficiency? Increasingly, senior executives of financial-services firms, with eagle eyes focused on the bottom line, are jumping enthusiastically into the RPA game. Perhaps surprisingly, others in these organizations, such as IT employees, are reluctant. But adopting robotic process automation to best advantage must involve the active participation of the whole company-wide team.
Following on from our recent piece, “Five Industries in Which to Invest in 2019”, we now turn our attention to some of the most promising individual stocks within those industries. Looking forward to 2019, each one of the five sectors certainly appears to have some winners.
Despite the record-breaking highs achieved by US stock markets, 2018 is ending with virtually all those gains wiped out. And it’s not just the United States that has suffered. Germany’s DAX, the United Kingdom’s FTSE 100 and Japan’s Nikkei 225 are all ending the year firmly in the red.
Mr. Romesh Sobti, CEO of IndusInd Bank joins International Banker to discuss Indian banking reform, the wider challenges facing banks in India and IndusInd’s goal of doubling profit in the next three years.