Today, digital transformation has touched a variety of areas of our lives. Technological changes have already transformed financial studying: the focus has shifted to strategic thinking and business analysis. But machine intelligence can not completely change the profession, moreover, the demand for specialists is still very high.
According to the research of ACCA (Global Professional Association of specialists in the field of Finance, audit and accounting), robotic processes will increase efficiency, speed of services, complement the work of employees, change the placement of jobs in consulting companies, reduce the number of routine work and basic tasks.
The first steps of the career ladder precisely get hit. So many companies face the question: how to train specialists for the future of top management?
What is the biggest change in the financial profession?
According to our research, 55% of respondents believe that the development of Artificial intelligence (AI) will affect the financial industry in the prospective from 3 to 10 years; 42% think that the indicator ROC (Rate of Change – rate of change prices) and economic flexibility will be affected. 41% of respondents guess that the transition to data processing in the cloud will also affect the profession. Many of them point out that the consistency of global financial and business standards and data analysis techniques will definitely change the profession as well as it was happened since the appearance of cashless society. If we talk about specific competencies, first of all we should focus on the following skills:
What skills will help to succeed?
New trends create a completely different picture of the world for both business and financial professionals. Some trends have a serious impact on the entire profession, others — only in its separate region. This process is already irreversible, and the only thing that financiers can do is to increase their competence and acquire new skills.
But what exactly should be developed in itself? According to ACCA, there are seven areas where development will help navigate the new digital financial space:
Today we live in a world that changes every day. Against the background of all the changes, the time for the development of new skills and the search for opportunities is rapidly decreasing. Permanent education is the key to maintaining a place in the labor market. In order to prevent robots from taking their niche, it is necessary to focus on the development of creative thinking and interpersonal communication — those areas that artificial intelligence is not so easy to replace.
Vera Starodubtseva, FCCA, head of ACCA Russia.
Source: Expert Tatarstan
The record was published - 02.11.2018