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QWhat is the benefit of using generative AI for cost-cutting in the financial sector?

ID: #17606 AI In Finance 118 views
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#17606Q ID
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AI In FinanceTopic
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  • A It cuts operational costs and streamlines processes ✔ ✖
  • B It minimizes the use of automation. It increases the workload of employees. ✔ ✖
  • C It misallocates resources ✔ ✖
  • D It allows for increased manual operations ✔ ✖
Correct Answer: Option A

Explanation

The benefit of using generative AI for cost-cutting in the financial sector is: It cuts operational costs and streamlines processes
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