Pros & Cons of 'Maximize Conversions' Bidding Strategy

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Today's question comes from Nils, from Amsterdam. He asks about the pros and cons of using the AdWords bidding strategy "maximize conversions", versus manual bidding. He also wants to know if automated bidding strategies will make our jobs as AdWords managers obsolete.

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a good adwords strategy takes knowledge how to create the best landing page, ad copy, targeting right locations, strategy for negative keyword & how to apply them, how broad or focus you buy keywords, how differentiate conversions value and many other factors... i don't see that machine learn these things without help of human touch anytime soon... I hope I'm Not Wrong

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