A Study of the Impact of Artificial Intelligence on Jobs in the Banking Sector in the Mumbai Region

Abstract

“Artificial Intelligence (AI) is not newfangled to India. Research establishments and academes have been occupied with various AI savvies for decades, and exclusively in expanse of social renovation. AI, frequently discussed to as device acumen sporadically, is recreation of human brainpower in apparatuses. AI is mockup of human astuteness that supports in elaboration of well processers that can bring out human chores in logical modus. Akin to hominid head, AI can assume and agree extra truthfully founded on material delivered to it. In up-to-date nation, artificial intelligence is presently attractive added ubiquitous. Age of AI spreads spine to 1950s, once Alan Turing emitted paper on capacity for tackles with factual acumen, still if we have lone newly observed its execution. “93% investors in India assumed they gradually utilize facts to vigor critical and programmed decision-making. For AI, lending currently incorporates entire novel space of modern banks relatively than just bodily places. Contemporary banks' delivery of original banking amenities benefits in their enlargement and evolution. The intentions of research paper are: 1. To analyse the role of artificial intelligence in the banking sector in the Mumbai region. 2. To review the impact of artificial intelligence on jobs in the banking sector in the Mumbai region. Researcher premeditated suppositions to analysis the data: H1: Artificial Intelligence plays a vital role in the banking sector of Mumbai Region. H2: Jobs in the banking sector of Mumbai Region have been reduced due to AI. Kerbs of study were period and currency.  Data was amassed from 50 respondents. Convenience sampling technique was used.  Statistics was collected through Google form.  It was settled that AI has main effect on works in investment quarter of Mumbai area.