To Re-Skill For AI, Put Your Imagination To Work

A recent survey of 1,200 executives across the financial services industry by Accenture finds 74% of executives see artificial intelligence reshaping their industry. The report's authors, lead by Ellyn Shook, estimate that between 2018 and 2022, banks that invest in AI and human-machine collaboration at the same rate as top-performing businesses could boost their revenue by an average of 34 percent and their employment levels by 14 percent. But it takes investment in people – AI is taking over many tasks, but skilled people are needed to either create or train these systems, or to augment them. Tellingly, there has been precious little movement to provide the right training to bring these skills about with the current workforce. The Accenture survey finds only three percent plan to significantly invest in re-skilling the people in their workforces for this AI-driven future.