Financial analysts conduct quantitative analyses of information affecting investment programs of public or private institutions (ILO, 2018).
RISK PROBABILITY BASED ON THE SEMINAL FREY AND OSBORNE STUDY
PROFESSIONAL GROUP CHARACTERISTICS AND SIMILAR OCCUPATIONS
Finance professionals plan, develop, organize, administer, invest, manage and conduct quantitative analyses of either financial accounting systems or funds for individuals, establishments and public or private institutions (ILO, 2018).
- Financial and Investment Advisers
- Financial Analysts
- Bond analyst
- Investment analyst
- Securities consultant
The financial industry is largely (around 50% of working hours) based on collecting and processing large amounts of data (Chui, Manyika, & Mehdi , 2016). This activity is largely been affected and enhanced by automated technologies who can perform the work in fractions of a second instead of thousands of working hours, with the additional bonus of the eradication of fraud and the minimization of mistakes (given that the underlying algorithms are correct). Online analysis software can address informational asymmetries and give access to market participants who may not have the financial strength to employ financial advisors and analysts. By default this analysis will be also less expensive as it will be automatic (Financial Stability Board , 2017).
Ready Ratios is an online company that has developed a software that can analyze a company’s financial reports to produce ratios, indicators, tables, diagrams, comments and summary for the management of the company that is indistinguishable from a
“…professionally made human report!”