AI in finance is like ‘moving from typewriters to word processors’

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Tools are set to make some skills redundant and free up time for more value-added tasks

The accounting and finance professions have long adapted to technology — from calculators and spreadsheets to cloud computing. However, the emergence of generative artificial intelligence presents both new challenges and opportunities for students looking to get ahead in the world of finance. Research last year by investment bank Evercore and Visionary Future, which incubates new ventures, highlights the workforce disruption being wreaked by generative AI.

Similarly, Cambridge Judge Business School in the UK has introduced technical courses and recruited specialist practitioners for its Master of Finance degree, aimed at professionals with work experience. Marwa Hammam, co-director of the programme, notes that all students now cover the foundational concepts of machine learning and its practical applications in trading, asset management, accounting, and auditing.

 

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