Bridging the Gap: The Rise of Design Upskilling and AI in Finance
December 5, 2024, 4:23 pm
In a world where change is the only constant, two sectors are racing to adapt: design education and financial services. Both face unique challenges but share a common goal: to equip their workforce for the future.
AND Academy, a design upskilling platform in India, is paving the way for aspiring designers. Its upcoming event, AND Social: A Toast to Tomorrow, promises to be a melting pot of ideas and networking. Scheduled for December 14, 2024, this gathering will unite alumni and learners under one roof. It’s a celebration of creativity and growth.
The event features industry leaders like Shyam Attreya, a UX Design Manager at Ernst & Young. He will share insights on staying relevant in a fast-paced design landscape. The lineup includes a panel discussion on what the industry expects from new talent. This is crucial as the design world evolves rapidly, and professionals must keep pace.
AND Academy’s approach is refreshing. It combines live, interactive online classes with a hands-on curriculum. Forget pre-recorded lectures; this is about creating a studio-like atmosphere in the virtual realm. This method caters to diverse learners, from commerce graduates to former assurance associates. They all share a common thread: a passion for design and a thirst for knowledge.
Meanwhile, across the globe in the UK, the financial services sector grapples with a different beast: artificial intelligence (AI) and generative AI (GenAI). According to a recent EY survey, only 5% of UK financial firms consider themselves ahead in AI integration. Despite high aspirations, many remain in the experimental phase.
The survey reveals a stark reality. Only 32% of firms believe they are on track with AI integration. A mere 9% feel prepared for incoming AI regulations. The workforce is largely unprepared, with 77% lacking experience in GenAI technologies. Yet, only 27% of firms have established training programs. This gap is alarming.
AI is not just a buzzword; it’s a game-changer. Executives predict that AI could impact a quarter of current roles in the financial sector within a year. Entry-level positions are particularly vulnerable. Yet, only 14% of firms plan to restructure these roles. The disconnect is palpable.
The demand for AI talent is surging. Data science and innovation lead the charge, with 64% of firms seeking expertise in this area. However, firms are struggling to adapt. The top concerns include regulatory uncertainty and a lack of understanding of GenAI applications.
Ethics also loom large. Transparency, privacy, and accountability are at the forefront of executives' minds. Yet, only 14% have implemented an AI ethics framework. This raises questions about the future of AI in finance.
Both sectors highlight a critical need for upskilling. AND Academy is addressing this in design. The financial sector must follow suit. Training programs are essential to prepare the workforce for the AI revolution.
The contrast between these two worlds is striking. Design education is proactive, fostering creativity and adaptability. In finance, the response is reactive, struggling to keep pace with technological advancements.
As the design community gathers for AND Social, they celebrate a culture of learning and growth. They are not just preparing for the future; they are shaping it. Meanwhile, financial firms must accelerate their efforts to integrate AI and develop training programs.
The stakes are high. The future of work is at a crossroads. Design professionals are learning to think like designers, while finance professionals must learn to think like innovators.
In conclusion, the rise of design upskilling and the integration of AI in finance are two sides of the same coin. Both sectors must embrace change and invest in their workforce. The future belongs to those who adapt. The clock is ticking. Will they rise to the challenge?
The answer lies in their willingness to learn, evolve, and innovate. The journey is just beginning.
AND Academy, a design upskilling platform in India, is paving the way for aspiring designers. Its upcoming event, AND Social: A Toast to Tomorrow, promises to be a melting pot of ideas and networking. Scheduled for December 14, 2024, this gathering will unite alumni and learners under one roof. It’s a celebration of creativity and growth.
The event features industry leaders like Shyam Attreya, a UX Design Manager at Ernst & Young. He will share insights on staying relevant in a fast-paced design landscape. The lineup includes a panel discussion on what the industry expects from new talent. This is crucial as the design world evolves rapidly, and professionals must keep pace.
AND Academy’s approach is refreshing. It combines live, interactive online classes with a hands-on curriculum. Forget pre-recorded lectures; this is about creating a studio-like atmosphere in the virtual realm. This method caters to diverse learners, from commerce graduates to former assurance associates. They all share a common thread: a passion for design and a thirst for knowledge.
Meanwhile, across the globe in the UK, the financial services sector grapples with a different beast: artificial intelligence (AI) and generative AI (GenAI). According to a recent EY survey, only 5% of UK financial firms consider themselves ahead in AI integration. Despite high aspirations, many remain in the experimental phase.
The survey reveals a stark reality. Only 32% of firms believe they are on track with AI integration. A mere 9% feel prepared for incoming AI regulations. The workforce is largely unprepared, with 77% lacking experience in GenAI technologies. Yet, only 27% of firms have established training programs. This gap is alarming.
AI is not just a buzzword; it’s a game-changer. Executives predict that AI could impact a quarter of current roles in the financial sector within a year. Entry-level positions are particularly vulnerable. Yet, only 14% of firms plan to restructure these roles. The disconnect is palpable.
The demand for AI talent is surging. Data science and innovation lead the charge, with 64% of firms seeking expertise in this area. However, firms are struggling to adapt. The top concerns include regulatory uncertainty and a lack of understanding of GenAI applications.
Ethics also loom large. Transparency, privacy, and accountability are at the forefront of executives' minds. Yet, only 14% have implemented an AI ethics framework. This raises questions about the future of AI in finance.
Both sectors highlight a critical need for upskilling. AND Academy is addressing this in design. The financial sector must follow suit. Training programs are essential to prepare the workforce for the AI revolution.
The contrast between these two worlds is striking. Design education is proactive, fostering creativity and adaptability. In finance, the response is reactive, struggling to keep pace with technological advancements.
As the design community gathers for AND Social, they celebrate a culture of learning and growth. They are not just preparing for the future; they are shaping it. Meanwhile, financial firms must accelerate their efforts to integrate AI and develop training programs.
The stakes are high. The future of work is at a crossroads. Design professionals are learning to think like designers, while finance professionals must learn to think like innovators.
In conclusion, the rise of design upskilling and the integration of AI in finance are two sides of the same coin. Both sectors must embrace change and invest in their workforce. The future belongs to those who adapt. The clock is ticking. Will they rise to the challenge?
The answer lies in their willingness to learn, evolve, and innovate. The journey is just beginning.