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
"The state of AI in 2023: Generative AI’s breakout year" report published by McKinsey & Company
CFTE summarised “The state of AI in 2023: Generative AI’s breakout year” report by McKinsey & Company . The latest annual McKinsey Global Survey on the current state of AI confirms the explosive growth of generative AI (gen AI) tools.
Key Aspects
- The report explores the explosive growth and widespread adoption of generative AI tools in various industries. It highlights the significant changes these tools are bringing to industries and workforces, with a focus on the increasing interest and investment in AI.
- The report discusses the early stages of managing generative AI-related risks and the potential for significant business disruption and workforce changes due to these technologies.
Table of Contents
- It’s early days still, but use of gen AI is already widespread
- Leading companies are already ahead with gen AI
- AI-related talent needs shift, and AI’s workforce effects are expected to be substantial
- With all eyes on gen AI, AI adoption and impact remain steady
- About the research
Key Findings and Insights
This report will give you an insight into:
- Widespread Adoption and Investment in Generative AI:
- One-third of the survey respondents indicate their organizations are regularly using generative AI (gen AI) in at least one business function. This rapid adoption has elevated AI from a technical specialty to a key focus area for company leaders and boards. Around 40% of respondents plan to increase their overall investment in AI due to advancements in generative AI
- Business Disruption and Workforce Impact:
- List Significant business disruption is expected from generative AI, with predictions of substantial changes in workforces, including cuts in certain areas and extensive reskilling efforts. Despite the rise in gen AI, there hasn't been a meaningful increase in the adoption of other AI tools, with adoption remaining concentrated within a few business functions
Key infographics
Be AI-ready in this digital era
In the News
Previous
Next
