Are you a sales exec looking for a chance to work with #GenAI, #LLMs, #MachineLearning, and #NLPs? Join our growing team: https://lnkd.in/eBqKH5Q2 #SalesJobs #TechSales #FinTechSales #FinTechCareers #VPSales #SalesCareers #Sales #AIsalesjobs #ModelRiskManagement #MRM #Banking #FinTechJobs
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Founder & CEO, Apperture | Helping enterprises automate workflows using AI and Data | 2x Founder | Love Bootstrapping
I "sit down" in front of a screen to monitor how AI pipelines we designed for a hyper growth startup are performing. These are to reduce dependence on their customer success team. Suddenly my phone rings - its my relationship manager from HDFC Bank (an account I have not used for three years) assuring me that I can call her if I ever needed anything. I have never called my RM in last 6 years, neither do I plan to. I wonder is going to win this? Organisations that are ahead of the curve - adopting AI (while its still evolving) or the old guard who will wait and pounce when things get mature? 🤔 #AI #datapipelines
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Unlike tech disruption waves in the past, the job displacement effects of generative AI are more likely to start in high-wage, white-collar offices than on factory floors. A new report from the Society for Human Resource Management and The Burning Glass Institute found that jobs in finance, legal, and tech fields are among those most exposed to the effects of a new wave of generative AI. The report lists jobs like loan and mortgage brokers, law office workers, and some accounting roles as especially high-risk. Areas of tech like data processing and hosting services, software publishing, and custom computer programming were also listed as vulnerable. While other technological changes have hit low-wage work especially hard, the report said these types of roles will likely remain relatively unscathed by AI. The reasons for this are both increased demand for these workers due to the growth of premium goods and service categories and the inability of GenAI to perform physical tasks. It is very disturbing to imagine a new world order where GenAI will dominate all the logical acts of value creation while outsourcing all the physical labors to humans. https://lnkd.in/gGbEHu2x
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Author, Speaker, former Regional Chief Legal Officer & Company Secretary with international trade (anti-dumping), cross-border dispute resolution & transactional experience in IT, manufacturing and mining industries
Aisha S Gani, Citi Sees AI Displacing More Finance Jobs Than Any Other Sector • About 54% of banking jobs have high potential to be automated • But banks will have to hire more AI managers, compliance staff 𝘉𝘭𝘰𝘰𝘮𝘣𝘦𝘳𝘨, 20 June 2024, https://lnkd.in/gxyPyd8t Citibank Inc.’s Global Perspectives & Solutions, 𝘈𝘐 𝘪𝘯 𝘍𝘪𝘯𝘢𝘯𝘤𝘦: 𝘉𝘰𝘵, 𝘉𝘢𝘯𝘬 & 𝘉𝘦𝘺𝘰𝘯𝘥, 17 June 2024, https://lnkd.in/gR-rx--j "• 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐓𝐚𝐥𝐞𝐧𝐭: The growth of AI may lead to fewer low-skilled roles in operations and technology, but governance and compliance roles will continue to grow. Our survey responses suggest AI talent availability is a challenge for banks and others (Figure 15). Talent wars are not over. Humans are still in demand." (page 10) (words in bold in original) "According to Accenture, nearly 𝒕𝒘𝒐-𝒕𝒉𝒊𝒓𝒅𝒔 𝒐𝒇 𝒂𝒍𝒍 𝒘𝒐𝒓𝒌 𝒅𝒐𝒏𝒆 𝒊𝒏 𝒃𝒂𝒏𝒌𝒊𝒏𝒈 𝒂𝒏𝒅 𝒊𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆 𝒉𝒂𝒔 𝒉𝒊𝒈𝒉 𝒑𝒐𝒕𝒆𝒏𝒕𝒊𝒂𝒍 𝒇𝒐𝒓 𝑨𝑰-𝒅𝒓𝒊𝒗𝒆𝒏 𝒂𝒖𝒕𝒐𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒓 𝒂𝒖𝒈𝒎𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏. This is greater than the overall economy average of 40%. According to World Economic Forum, 𝒏𝒆𝒂𝒓𝒍𝒚 𝒂 𝒒𝒖𝒂𝒓𝒕𝒆𝒓 𝒐𝒇 𝒂𝒍𝒍 𝒋𝒐𝒃𝒔 𝒈𝒍𝒐𝒃𝒂𝒍𝒍𝒚 𝒘𝒊𝒍𝒍 𝒄𝒉𝒂𝒏𝒈𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 𝒇𝒊𝒗𝒆 𝒚𝒆𝒂𝒓𝒔." (page 22) (words in bold+italics in original) (footnote references omitted)
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While banks aren't rushing to hire AI executives , they are investing in the technologies more frequently. Banks that are serious about making digital transformations when it comes to AI should consider having a centralized leader to take on the job. Here's why.
Why it's Time for Banks to Hire a Chief AI Officer — and What That Looks Like
thefinancialbrand.com
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Citigroup's latest Global Perspectives & Solutions (GPS) report on AI in finance suggests a significant impact on the banking sector. The report predicts that over half of banking jobs are at high risk of AI automation, potentially affecting this industry more than any other. Key points: -Banking tops the list with 54% of jobs potentially automatable, followed by insurance (48%) and energy (43%). -Banks are expected to create new AI-related positions, such as AI managers and compliance officers. -AI could potentially increase global banking profits by $170 billion (9%) by 2028. The report indicates that while AI may automate many traditional banking tasks, it's likely to lead to a shift in job roles rather than widespread job losses. This transition will likely require significant reskilling efforts within the industry. #citi #banking #jobs #hiring #AI #ML #LLM #devops #business #data #banking #IB #tech #engineering #ASVAAI
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Hire me to identify and fix pipeline problems, increase revenue performance and ROI, and drive growth with your Revenue Leaders. Experienced Chief of Sales. Fractional/Portfolio, B2B Specialist
I asked Chat GPT to write me a list of Board Level job titles and list the top five skills and top five experience sets needed to do each job well. How many times do you think the word 'Sales' came up in any of the job titles, skills or experience? Literally zero. And this is a trend I am noticing over and over in real life, in many businesses where performance isn't where it needs to be, there is no one with direct sales experience sat on the board. In fact, sales are treated in some cases - like children, handed targets and quotas and goals which they didn't contribute to, typically these targets are set by the c-suite and have been designed by someone without a sales background. These targets are set without a plan for the 'How' part - just an instruction to "make it happen", or "go find it". This is a massive mistake. When you start instructing sales teams to just go make it happen - that's EXACTLY what they will do, they will go find a buffalo - but your delivery and opps teams might not be too happy, because the work isn't overall - a good fit, and it's not typically the kind of work you want to bring in, but the sales person and the sales leader will doggedly stick to their guns in terms of delivering it - because gawd-darn - they have your quotas to hit! Why don't some company's have a sales leader take a seat at the c-suite level? Genuinely interested ....
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https://lnkd.in/gg_UFUd7 "Golden Business Service" and Partner "Fotor" Carves A Path For Thousands of Brand New Inexperienced (AI) Entrepreneurs To Generate Income For Your Bank Accounts. #hiringmanagers #jobshiring #hiringprocess #werehiring #hiringtrends https://lnkd.in/gS39AFcj Utilize the Power of Visualization to Manifest Your Unprocessed Goals
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Author | Personal Branding Expert | Organic Content Writer | Content Consultant | Educator | Soft-skill Trainer
Perceived Threats BECAME Excellent Opportunities! With introduction of AI in to the world of #contentcreation, a common jargon is heard where humans with these skills are often considered the victims of #ai revolution, soon bound to become obsolete. If you are a content creator / #writer , you must have faced this for sure! Let us take a sneak peak into the #history of other such instances and see what has transpired in the past in different fields and what was the outcome? Automobiles and Horses: 🚗 Perceived Threat: The introduction of automobiles in the early 20th century was initially seen as a threat to jobs related to horse-drawn carriages, stable management, and blacksmithing. Outcome: The automotive industry created new jobs in manufacturing, repair, and design. Additionally, the transportation sector expanded, creating opportunities for taxi drivers, truck drivers, and mechanics. ATMs in Banking: 🏧 Perceived Threat: The widespread adoption of ATMs in the banking sector in the late 20th century was feared to lead to a reduction in bank teller jobs. Outcome: While routine tasks were automated, the role of bank tellers evolved to focus more on customer service, financial advice, and complex transactions, enhancing their value and job satisfaction. Computers and Office Jobs: 💻 Perceived Threat: The introduction of computers in offices in the 1980s raised concerns about job losses for clerical and administrative workers. Outcome: Computers streamlined routine tasks, allowing workers to focus on more strategic and creative aspects of their jobs. New roles, such as IT specialists and software developers, emerged, increasing overall employment. Industrial Automation: 🏭 Perceived Threat: The automation of manufacturing processes through robots and advanced machinery was seen as a potential threat to manual labor jobs. Outcome: Human workers became essential for overseeing, maintaining, and optimizing the automated systems. #skilledworkers who could operate and troubleshoot advanced machinery were in high demand, leading to increased wages. These examples illustrate that, historically, #technological #advancements have often complemented human skills rather than replacing them. From Worries to Wins: Perceived threats often turn into fantastic opportunities! 💯 What do you think?
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Sometimes back, bank employees were afraid that computers will take their jobs. Now, IT employees are afraid that AI will take their jobs. Fearful never survive. Future belongs to the brave and courageous. Computers created new banking jobs. Similarly, AI will create new IT jobs. #AI #GenAI
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An exciting take on AI-led job displacement. Looks like there is plenty of room to implement AI in Banking, but the overall situation of massive underinvestment in the back and middle offices, compliance, and risk management are not related to AI but the necessity to invest in non profit generating divisions. Fingers crossed AI implementation make lives better both for OPs and clients😉 #AI #Banking
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