Task One Automated Teller Machines

Task 1 Page view of cash dispenser I / O device This interface is an interactive interface with a button. I think that this will be greatly improved, I think that I can improve my thinking through higher machine security. I think they will have equipment for retinal scanning, voice activation and fingerprinting. The only security measures currently available are PIN and cards, but they may be stolen, and I think they enhance security. The process by which customers receive cash is called real-time transaction processing.

For example, when an Automatic Teller Machine (ATM) was introduced to automate basic and normal banking functions, it does not disrupt the role of the bank's teller, instead it operates the bank more efficiently , Shifting the role of human cashier to a more complex task. As a result, the bank is allowed to open more branches, not the total number of previous bank positions. According to a report released by the World Bank, it is estimated that about 65% of Indian service industry jobs are at risk from automation. India is not alone, it will reach 77% in China just like any other country. In India's IT services department, about 50,000 unskilled jobs are in danger

David Autor, Professor of Economics at the Massachusetts Institute of Technology, believes that in the 2015 paper "Why are there so many jobs", automation takes over work rather than work? The task consists of a series of tasks, and the automation of one job does not preclude the need for other jobs, it really makes them more important. He raised an example of an American automated teller machine (ATM). ATM was introduced in the 1970s. In addition to doubling the number of staff in charge of personnel window, we also doubled from 250 thousand in 1970 to 500 thousand in 2017 and 100 thousand since 2000. Because ATM is cheaper than people, the number of cashier at each branch is decreasing, but this will make it cheaper to open a branch and more branches will be opened. In addition, bank tellers perform fewer cash handling operations and more related banking activities and introduce credit cards, loans and investment products to customers.

Susan Lund: Since there is an ATM, bank tellers no longer distribute cash to customers. I have an example. But did the employment rate of bank tellers drop? No, I am not in the United States. There were actually as many bank tellers as when ATM was first introduced in the 1990s. But what they do is very different. They are involved in selling other kinds of financial products to customers and they are doing what we call a higher value added service. Michael Chui: One thing to worry about is whether you can adopt automation fast enough. What we know is that due to the aging population structure we do not have enough workers at all and that there is not enough workers to move forward. Both developing and developing countries will raise GDP per capita and will flourish over time