According to PricewaterhouseCoopers’ (PwC) latest forecasting survey on artificial intelligence, more than half of the interviewed companies “accelerated the research and development of artificial intelligence (AI) sector after the COVID-19 pandemic.” The biggest change is the application in new cases. The technology of artificial intelligence (40%) has been improved, and enterprises have also increased their investment in artificial intelligence (40%).
Information technology and business operations-new opportunities in the post-epidemic era
With the increase in investment in artificial intelligence, the demand for data analysts and technical application talents with financial background has risen sharply. The “FinTech Development Plan (2019-2021)” proposes to thoroughly grasp the characteristics of the development of the new generation of artificial intelligence, and steadily promote the deep integration of artificial intelligence technology and financial services. Undoubtedly, expanding the application scenarios of artificial intelligence technology will be one of the areas that the financial field will focus on in the next few years.
Image source: The HKBU School of Business (The HKBU School of Business)
All the vocabulary related to information technology—artificial intelligence, data, technology, financial technology, etc.—may give people the impression of “good prospects for the professional field of information technology”, but at the same time ignore an important essence Reason: The reason why the demand for the above-mentioned talents will increase is that the company needs to continue to develop and grow its business. In other words, information technology majors and business operations and other economic management majors complement each other and complement each other. In the actual operation and management of enterprises, information technology professionals should have business knowledge and understanding of business operations. At the same time, corporate executives should improve their information technology to understand how to promote business development.
Affected by the new crown epidemic, in order to avoid physical contact, many activities from business meetings to personal shopping have been moved online. If companies cannot directly interact with customers and cannot read their facial expressions, how can they understand users in order to adjust products and strategies? In fact, professionals can solve this problem by reading data reports. The new crown epidemic also poses a challenge to the “non-contact” and precise service capabilities of the financial industry, and it also provides an unprecedented opportunity for the development of financial technology. Data reading also helps bridge the gap between modern data and different business functions (such as sales and marketing), and provides historical analysis for data-driven decision-making. As data analysis is increasingly used in e-commerce and other activities, the market’s demand for talents who can interpret data and transform it into business actions has also skyrocketed.
In addition, the use of technology in people’s daily life scenes has become more popular, which also brings people closer together than ever. Whether it’s communicating with friends and family, booking services and products, or just planning commute routes to avoid traffic congestion and maintain social distancing, all this data has accelerated the development of smart cities around the world, while also helping people build smarter and smarter cities. Sustainable cities. Therefore, the market needs more professionals with effective data analysis skills to conduct predictive analysis and provide solutions before problems arise.
At present, some business schools have successively provided related courses in data analysis or artificial intelligence. On the one hand, the company’s business and technology have reached a good balance; on the other hand, the development of new technologies has also well met the new demands of the market and the world.
Image source: The HKBU School of Business (The HKBU School of Business)
The Hong Kong Baptist University School of Business (The HKBU School of Business) has triple accreditation from three major accreditation agencies-International Association for the Promotion of International Business Schools (AACSB), European Accreditation Organization (EQUIS) and Association of Masters of Business Administration (AMBA), worldwide Only 1% of business schools have this triple certification at the same time. The school offers two highly sought-after postgraduate courses, namely the Master of Data Analysis and Business Economics (MScDABE) and the Master of Finance (MScFIN), which have been awarded by world-renowned technology giants and financial authorities such as Tencent, Deloitte, BNP Paribas support.
The Master of Data Analysis and Business Economics is career-oriented. The curriculum focuses on the value of economic principles in the current development of data science and the necessary programming skills to solve practical business problems. This major enables graduates to fill the talent gap in smart city development. Graduates can work as project managers, data analysts or data strategists in the fields of product and website design and risk management in any commercial company or public institution.
The industry advisory committee of the Master of Finance program is highly representative, which is responsible for evaluating and designing courses and providing recommendations. The committee is composed of some of the world’s largest and most prestigious companies, including Alipay, UBS, Ant Financial, etc., to ensure that the course content can meet the current and future needs of the financial technology industry. The curriculum covers financial computing, financial data machine learning, blockchain and cryptocurrency, network security and privacy, algorithmic trading and other topics.
Welcome to contact the Business School of Hong Kong Baptist University to learn more about artificial intelligence + financial technology and business.
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