Latest skills is critical to developing a competitive edge, says Porwal
Indians are inclined towards an upliftment in the skills of data visualization but face disruption with the introduction of new analytical methods, including artificial intelligence and machine learning, according to a report.
“More than 81% respondents in India suggest that they are inclined towards an upliftment in the skills of data visualization,” said CFA Institute in the report “Future of Work” which explores the Context, Culture, and Content of Work in the financial investment industry.
While the Indian audience is keen on developing the necessary skill set, the key disruption is the introduction of new analytical methods, including artificial intelligence and machine learning, it said.
“In the new normal, due to changing perspectives and ways of working, having the latest skills is critical to developing a competitive edge and strong expertise,” said Arati Porwal, Director Society Relations, CFA Institute in India.
“India, much like the rest of the world, has a dynamic and complex financial investment landscape,” she said in comments on the report on 14 July 2022.
According to CFA Institute’s latest Future of Work report on skills and learning, skills of high interest for investment professionals in India include an understanding of artificial intelligence, proficiency in data analysis and visualization, as well as knowledge of sustainability issues.
“The world of work has been experiencing dramatic changes, and as the investment industry competes for the best talent, an opportunity exists for investment organizations to reset and reframe their focus on talent development programs that match the pace of change,” said Rebecca Fender, CFA, Head of Strategy and Governance for Research, Advocacy and Standards, CFA Institute.
“It’s not only new markets, asset classes, data sources and investing techniques that are demanding a fresh focus on skills and learning. For many, hybrid working has opened a new way of thinking about the employer-employee relationship,” said Fender.
Other Key Findings across the globe:
• Career paths are becoming more varied and characterized by more career breaks and greater flexibility. The primary influences on career path developments are from the technology sector (via fintech) and entrepreneurs
• Technical skills are most important at career entry, with soft skills, leadership skills, and T-shaped skills (a combination of deep knowledge in a single domain and wider knowledge in other fields and the ability to connect them) growing in importance over time
• Managers and leaders will need to adapt their skillsets to succeed in a more flexible and dispersed work environment
• Sustainability and data visualization have seen the highest overall increase in interest levels over the previous two-year period
• Employers seek a combination of skills, grit, and experience
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. There are more than 190,000 CFA® charterholders worldwide in more than 160 markets. CFA Institute has nine offices worldwide and there are 160 local societies. fiinews.com
