CFA Institute, a global association of investment professionals, released the fourth report in its Future of Work series, exploring the Context, Culture, and Content of Work in the investment industry. Advancing technologies and hybrid working continue to change the shape of careers in finance. The Future of Work in Investment Management: The Future of Skills and Learning draws on CFA Institute survey data to identify the skills and learning equation for building talent and careers in a rapidly transforming investment industry. The report highlights current gaps between the supply and demand for skills in the investment industry, examines learning trends, and proposes changes to investment teams to better leverage diverse talent and the combined power of discrete but complementary skills. Fewer than half of survey respondents receive support from employers to develop the new skills they need.

According to a recent Deloitte report on the rise of Cloud and AI deployments in the IT industry, Paul Sallomi had explained the intricate relationship between these two technologies. The most popular path to accelerate multi-cloud and hybrid Cloud deployments go through the acquisition of AI capabilities. Bringing AI to the center of all Cloud and MSP operations help in optimizing internal businesses in addition to further enhancing various products, solutions and services associated with Product Development, Marketing and Sales, Customer interactions, and Partner vendor management channels. Gartner suggests the need to urgently deploy AI capabilities has its own set of pitfalls– mostly, customers make a hasty choice while choosing the best Cloud AI developers and put billions of dollars at risk. Security and Virtualization are other challenges in this regard.

So what is delaying the adoption of AI in industries such as finance and investment management? An exploration of the asset management industry may provide some answers. Machine learning at its core enables us to take vast amounts of unstructured data, organize it, and translate data into recurring patterns. The patterns are then used to conduct deep analysis and draw insights. In case of the financial industry, the insights are further used to predict upcoming events, drawing on the predictive and prescriptive nature of AI.

What is the future of work in the investment industry? How do we, as providers of human capital prepare for the evolution of this profession? What does it mean for employers seeking to engage and motivate staff over the long term? It is widely accepted that, like most other industries, the financial services industry is in a state of flux. Unlike other episodes of change in recent decades, the current context is often characterised as an "industrial revolution" creating continual disruption of a structural nature. On that backdrop, the prudent approach is to prepare, not predict.

A recent study by the CFA Institute (Chartered Financial Analysts) looks at the future of the investment profession. The CFA Institute is a global, not-for-profit organization and is the world's largest association of investment professionals. Currently, there are approximately 2 million workers in the investment industry, managing around $100 trillion in assets for clients. The report looked at the findings from a survey of 1145 investment industry leaders, looking at the trends that will impact the investment business in the future. Here are some of the more interesting findings, particularly those related to how the investment industry will have to adapt to changes in the marketplace.