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 Achieving Individual — and Organizational — Value With AI report published by MIT Sloan management review
CFTE summarised “Achieving Individual — and Organizational — Value With AI” report by MIT Sloan management review. The research looks at how individuals use AI at work and how they derive personal value from their use of AI.
Key Aspects
- Importance of individual value from AI for organizational benefits.
- Enhancement of competence, autonomy, and relationships through AI use.
- Role of managers in fostering AI adoption and value creation at the individual level by building trust, understanding, agency, and awareness
Table of Contents
- 1. Introduction to AI and Individual Value
- 2. Survey Findings on AI Use and Satisfaction
- 3. The Role of AI in Enhancing Competence and Autonomy
- 4. AI and Its Impact on Workplace Relationships
- 5. Management Strategies for Encouraging AI Adoption
- 6. Aligning Individual and Organizational Value Through AI
Key Findings and Insights
This report will give you an insight into:
- Individual Value Critical for Organizational AI Benefit: The report underscores that individual value derived from AI is essential for organizations to gain value from AI. This connection emphasizes the importance of personal experiences with AI in contributing to overall organizational success
- A majority of individual workers personally obtain value from AI. Sixty-four percent of survey respondents personally derive at least moderate value from using AI. These workers are 3.4 times as likely to be more satisfied in their jobs as employees who do not get value from AI.
- A majority of individuals regard AI as a coworker, not a job threat. A surprising number of respondents (60%) feel that AI tools are like a coworker — not the response you might expect about AI systems that, according to some media hype, will displace these workers.
- Requiring individuals to use ai encourages its use more than building trust in AI does. Not surprisingly, making AI use mandatory and building trust in AI both increase the likelihood that individuals will, in fact, regularly use AI. But building trust in AI only doubles the likelihood that individuals will use AI regularly, while mandating its use triples the likelihood.
- Mandatory use, despite seeming oppressive, still leads to individual value. Requiring AI might lead to begrudging use, but individuals are 1.4 times as likely to get value from AI when organizations require them to use it compared with individuals at organizations that do not mandate its use.
- Organisations get value when individuals get value, not at the expense of individual value. Among respondents who report that their organization obtains moderate, significant, or extensive value from AI, the vast majority (85%) claim that they personally obtain value from AI.
Key infographics
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