Recently, many news articles have been published where it has been said that AI will completely change the future of finance. Due to the latest technologies, the skills required in the field of finance will now change completely. When we were studying in IIMs, the skills we had learned have completely changed now. So, let us discuss those top 5 finance skills as well as some free courses to learn them.
Contents
1. Risk Assessment
The first skill is called “Risk Assessment”. You may have heard about credit risk analysis. You must have heard that companies try to minimize fraud as much as possible. But now, error analysis is being conducted using AI. Even machine learning models or methods are being extensively applied in the finance industry. Whether you have a tech background or not, if you want to become a finance manager, it is very important for you to understand this at least. That’s why I found such a free course for you, in which this entire detail is covered in modules 3 and 4. Its name is “AI Applications in Marketing and Finance”. This course is very simple. Anyone can carry it out, whether they have a tech background or not. This is a 6-hour course.
How to Enroll for Free
Let me explain to you how to enroll in it for free. When you click on the link in the description, this page will open. Here, there is a button given to enroll for free. When you click on it, you will see the payment option. But you don’t have to pay. Below that, there is a small button given for audit. You have to click on that. What will happen is that the entire course will become accessible to you for free. You won’t receive a certificate, but you can go through all the concepts thoroughly. Now, many people will say, “But without a certificate, how will we add it to our resume?” You can still mention this because, at the end of the day, you must have learned the skill of risk assessment.
2. Investment & Wealth Management
The second skill is “Investment & Wealth Management”. Imagine if AI tells you where you should invest your money. That is exactly what is happening now. Previously, either we would invest our money ourselves, or we would hire a wealth manager to handle our portfolio. Now, robo advisors have arrived, which means a digital platform that will assess your goals and how much risk appetite you can handle. According to that, it will suggest what should be in your portfolio. And, in fact, it will invest on your behalf. This is like crazy stuff going on. Which is why I’ll recommend you this one particular course that will help you learn this skill. The name of this course is “Innovations in Investment Technology”. This is also available on Coursera. It’s a complete course of 10 hours. By using the same process as before, you can enroll for free.
3. Machine Learning in Portfolio Management
The third skill is using machine learning in portfolio management. There are big companies with portfolios that used to do their analysis using statistics first. But now, for solving any investment problems, machine learning models are also being used to improve upon that analysis. Just imagine, earlier you were using statistics, and now you are also using ML to come to an even better conclusion. Only those individuals with an engineering background or knowledge of Machine Learning (ML) will be able to properly take up this particular course. I would recommend that you check out the content once. Go through the modules. If you feel that understanding Python & ML is easy for you, then you can take it up. This is a pretty lengthy course; it’s a total of 16 hours. But it’s a very valuable course. Its name is “Python and ML for Asset Management”. You will also find this course on Coursera’s website.
4. AI in the Insurance Industry
The fourth skill is AI in the insurance industry. ‘Insurance’ and ‘Real Estate’ are two industries that are undergoing significant changes because of AI. The reason for this is that the use cases within these particular industries are quite similar, making them easier to solve with technology. The fintech interventions happening in both industries, or that have happened in the past, are explained using the method of case studies in this particular course. If you look at the last module of this course, it is properly regarding case studies. I would recommend this course to everyone. Because it’s a 3-hour course, anybody can do it. Plus, ‘Insurtech’, which is the amalgamation of fintech in insurance, is a completely new concept that has emerged. So, if you learn this skill, you will know something in this industry that many other professionals in insurance and real estate may not know. You will also find this course on Coursera’s website. Its name is “Applications of AI, Insurtech, and Real Estate Tech”.
5. Blockchain in Payments
The fifth and final skill is Blockchain in Payments. Blockchain is a relatively new technology, which is why very few people know how it is being used in payments. You must have heard about cryptocurrency, and you must also know that its market is highly volatile. So, I am not saying that you understand its applications. Instead, I will recommend that you understand the broader aspect of cryptocurrency, how blockchain is used in it, and what the general concept of blockchain is. Because of it, the payments industry is changing. For this, I will recommend you a course that will cover the basics of blockchain and explain the strengths and weaknesses of cryptocurrency. This course is 8 hours long, and it’s quite a basic course. You’ll find this particular course on Coursera’s website. You can enroll for free. The name of this course is “Blockchain and Cryptocurrency Explained”.
Conclusion
The list of these five courses with links, I will add them in the description. But I am really happy to share this because I feel that if you acquire these skills, then you’ll definitely be ahead of the curve in the industry.
Please sir i love custom
Mujy bhi lagna he plesae sir