India ranks third in implementing robotic automation

New Delhi: India ranks third in the world in implementing robotic automation in their core business processes. A majority of financial leaders are of the opinion that artificial intelligence helps enhance efficiency and accuracy of the business, according to Chartered Institute of Management Accountants, (CIMA). CIMA is an UK based organisation that conducted the global survey across European, African and Asian countries.

At a global level, Zimbabwe tops the chart with (75%) professionals supporting automation, followed by China with a 67% of acceptance compared to 64% professionals support automation in India.

The CIMA study covered more than 3,000 select experts from leading financial companies across the world also pursuing a CIMA professional qualification.

"A majority of finance professionals who are also our students believe that artificial intelligence, robots and other technologies will alter, but not destroy, the jobs of accountants and other professionals," said Bhaskar Ranjan Das, Head of South Asia, Chartered Institute of Management Accountants (CIMA).

CIMA study also states that in India more than 50% of financial experts feel that better automation and data analysis enable companies to become more efficient and bring a better work-life balance. However, as per global ranking, China becomes the top country with (66%) of a positive feedback.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.