PodChats for FutureCFO: Succeeding as a finance professional in the AI era
Manage episode 497707565 series 2912947
The global finance function is undergoing profound transformation, driven by technology (AI, automation, blockchain), evolving regulations (ESG, cryptocurrency, data privacy), and heightened demands for strategic insight. In this dynamic landscape, professional certifications and continuous education are no longer merely advantageous; they are fundamental to relevance, competence, and career progression.
In this PodChats for FutureCFO, we are joined by Guru Balasubramanian, chairman, CIMA Hong Kong SAR to share with us his observations and perspective on the finance profession in Hong Kong.
1. With AI automating core tasks (reconciliation, reporting), which advanced technical skills (data science, predictive analytics, blockchain auditing) will become essential for accountants to remain indispensable in 2025/2026?
2. How can professionals effectively navigate the cost barrier of prestigious certifications (CIMA, ACCA, CPA) while managing living expenses in high-growth but sometimes lower-wage Asian economies?
3. What innovative learning formats (micro-credentials, AI-powered personalised learning, virtual reality simulations) will best address the severe time constraints faced by working professionals across Asia?
4. Beyond technical skills, which critical 'soft' skills (strategic communication, ethical leadership in complex environments, cross-cultural collaboration) will be paramount for finance leaders in Asia's diverse markets?
5. How can professional bodies and employers better collaborate to make continuous learning genuinely integrated, affordable, and recognised within career progression paths?
6. With ESG reporting becoming mandatory in more Asian jurisdictions, how can accountants swiftly gain the necessary expertise in sustainability accounting frameworks and assurance?
7. What strategies are most effective for maintaining the relevance and portability of my existing qualifications amidst rapid technological and regulatory change across different Asian markets?
8. How will the rise of alternative credentials (digital badges, specialised nano-degrees) complement or challenge traditional accountancy certifications?
9. What ethical considerations and new risk management competencies are emerging due to increased data usage, AI in finance, and cybersecurity threats specific to the Asian operational context? (Future Focus: Ethics & Risk)
10. What is your advise for finance professionals in the AI digital era?
11. How should a finance professional approach the fear of losing relevance with AI? (rewrite)
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