Wednesday , September 22 2021

Sberbank reduced its 70% average managers due to artificial intelligence – information about companies and banks

The introduction of Sberbank artificial intelligence led to a decrease of approximately 70% of middle managers. This was announced by the head of the largest Russian bank, Germany, Gref, with bonus reports.

"We have long been using artificial intelligence for a long time. What do we see? .. We have drastically reduced people who carry out very simple actions," said Gref, speaking on the Sberbank data science day.

The head of the Sberbank noted that the bank has a system called the "intellectual management system", which has an engine inside, which learns how to make decisions and recommendations every day.

"And this led to huge reductions at various levels that were involved in simple solutions. Let's suppose that, on average, we fell by about 70% of managers. The average link is most common," he explained.

According to the head of Sberbank, most of the reduced staff are reclassified and are currently involved in other bank tasks.

Gref added that the bank appreciates the ability to quickly move from one task to another, so sometimes the bank's employees change their specialty for several to four years, although this is not easy.

In January 2017, the German Gref Davos Forum said that by 2025, the total number of Sberbank employees could have halved due to the provision of digital services. "Now we have 330 thousand employees, but in 2025 I think we will have half of them," he said.

In July 2017, Gref said that modern businesses do not need lawyers in the field of artistic intelligence without knowledge, as well as the understanding of today's computer technology work. According to him, Sberbank discontinues recruiting lawyers "who do not know what to do with the neural network".

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