Released
The New Skills in Finance Report 2022
In a digital-transforming era, there is a widening skills gap for those who cannot adapt to the new digital world in finance.
CFTE and Elevandi published the report with the discussion with leading experts to help governments, organisations and individuals address the current skills gap in finance and build a digital-resilient workforce in the industry.
Key Insights
Key takeaways from "What AI means for economics" report published by International Monetary Fund
CFTE summarised “What AI means for economics” report by International Monetary Fund. The report is from the December 2023 edition of Finance & Development, a quarterly publication of the International Monetary Fund.
Key Aspects
- This issue focuses on the impact and implications of Artificial Intelligence (AI), particularly generative AI (GenAI), since the introduction of ChatGPT one year ago. It explores how GenAI can enhance various sectors, including health care, education, and agriculture, and addresses concerns about misinformation, job threats, and the proliferation of biases
Table of Contents
- Kaleidoscope: Global issues and data points.
- Back to Basics: Discusses AI’s promise and peril, and how generative AI is set to unleash creativity and productivity while posing questions for humanity.
- Point of View: Focuses on building blocks for AI governance, with guiding principles for policymakers
Key Findings and Insights
This report will give you an insight into:
- Impact on Economy and Policy Decisions:
The report brings together views from leading thinkers on preparing for an AI-driven world. It highlights the significant role of both technological and policy decisions made today in shaping the future impact of AI on the economy. Different outcomes, both beneficial and detrimental, are possible based on these decisions. - Effect on Workers and Productivity:
The report emphasizes that AI's ultimate impact largely depends on how it affects workers. While innovation generally leads to higher productivity, it does not always result in shared prosperity. This outcome is contingent on whether AI and machines complement or replace human labor. - Policies for a Human-Complementary Path:
The report outlines the need for policies that give labor a voice and redirect efforts from pure automation to a more "human-complementary" path. Such policies could create new and higher-quality tasks, thus balancing the benefits of AI with the needs and skills of the workforce
Key infographics
Be AI-ready in this digital era
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