It allows companies to better serve customers as well as address emerging segments of their customers through allocating resources for those specific areas.

They can create the greatest impact in removing manual procedures which make use of expensive resources. This is where automation

 It can be extremely profitable and is usually the first place large financial institutions search for winnings quickly.

In the present time, CIT Group is providing an update on CIT Group's strategic plans CIT Group President and CEO Alain Alemany said that the CIT Group is "technological and

Making operational improvements by refactoring specific processes or automating certain tasks, in addition to making sure that techniques are standardized

Ms. Alemanni added, "While this may involve some investment, it will also lead to lower costs in the long run as Deutsche Bank has become more efficient.

The Bank's goal was: "In line with the Bank's goal of becoming more simple and efficient the Bank will reduce global market operating expenses

Restructuring to remove inefficient manual processes through greater efficiency and automation. "Cutting costs even more

Profitability is a key element of Bank of America's plan. it's goals are to cut another $5 billion in annual costs by the end of 2018.

The bank's chief executive officer Brian Moynihan stated, "It is a continuous reduction in personnel through hard work and automation.

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