Goldman Set Out to Automate IPOs
How's that for CLICK BAIT ;D
Investment banking has long been thought to be an industry where automation would have a tough time replacing human workers.
But Goldman Sachs has found a way to streamline IPOs — one of its most lucrative businesses — by automating some of the most repetitive and labor-intensive tasks.
According to a new report by Bloomberg, roughly half of the steps that Goldman Sachs investments bankers go through during an IPO have been automated, eliminating thousands of human work hours.
https://www.bloomberg.com/news/articles/2017-06-13/goldman-set-out-to-automate-ipos-and-it-s-come-far-really-fast