Emerging technologies, like artificial intelligence (AI), are changing the nature of work and opening the door to greater employee productivity. Business functions like accounting and finance are feeling this wave of change acutely: technological advancements are evolving many positions rapidly, leading to a demand for new skills — and the need for employers to consider upskilling employees for the future of work.
We’re beginning to see the implementation of transformative technologies into the workplace. So, it’s not too late for anyone to build new skill sets and gain an understanding of emerging tech. If anything, now is the best time to identify what exact skill gaps there are to fill them. Following are some examples of the technologies that professionals in departments from finance to marketing will soon be working with, if they aren’t already:
Robotic process automation (RPA) tools
AI software that adds a “human” element to tasks such as risk assessment or fraud detection
Machine learning (ML) or self-editing software
Natural language processing (NLP) programs that translate documents and speech into data
Also, don’t forget about technologies that your team may already be working with that they could deepen their expertise in, like big data and advanced analytics. Many business functions already use analytical tools like predictive analytics or are likely to adopt them soon.