DIGITAL SKILLS
Upskilling and reskilling are necessary given the current digital transition. Banks are redesingning their organization and redefining employees positions. According to a report by cognizant, this has become so critical that failing to do so will put banks in danger of losing their training expenditure as newly qualified workers seek alternative employment possibilities.
These digital skill sets will set you apart from competition, especially given the requirements for significant culture shift to support digital transformation.
When was the last time you visited the bank? Although banking has expanded to mobile and e banking. Your debit or credit card and mobile banking applications are probably used more frequently now. Before covid 19 boosted the usage of contactless payments, digital transformation was already underway.
As a result, the application of artificial intelligence in finance and data science has grown significantly.
Today, financial institutions can cut down on the time and expenses of processing payments when they are done digitally. For individuals searching for stable career path, the expanding importance of AI and Data Science in banking and insurance has greatly increased demand.
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