COVID-19 and AI
Do We Trust Robots More Than Ourselves?
People now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi. The study of more than 9,000 consumers and business leaders in 14 countries found that the COVID-19 pandemic has increased financial anxiety, sadness, and fear among people around the world and has changed who and what we trust to manage our finances. In addition, people are rethinking the role and focus of corporate finance teams and personal financial advisors, according to the research. The global pandemic has damaged people’s relationship with money at home and at work, here’s how: Among business leaders, financial anxiety and stress increased by 186 percent and sadness grew by 116 percent; consumer financial anxiety and stress doubled, ...
Why Reskilling is Critical in a Post-Pandemic World
The world is changing at a rapid speed as new regulations come into play, customer expectations change, and global competition grows – and that’s without considering how COVID-19 is compelling everyone to use digital technology rather than physical processes when they can. As the pandemic forces organisations to put digital transformation on steroids, it is important that they don’t allow their workforces to fall behind. The silver lining amid the devastation of COVID-19 is a new working model. Yet business leaders are asking their people to show extraordinary levels of resilience and flexibility as we all try to come to grips with the changing environment. People and organisations accustomed to face-to-face interaction and manual processes have needed to master digital tools in double-qui...
