Over 3 in 4 of finance heads see automation to boost jobs

Contrary to the traditionalist belief that human operations will be replaced.

As opposed to the common belief that automation will reduce jobs, 87% of finance leaders think that technology advancement will increase the number of financial jobs by an average rate of 20% for the next 3-5 years, says a Workday study.

Of the skills that will be required for future financial posts, soft skills emerged to be the most sought after followed by analytical skills (26%), risk management (17%) and leadership (16%) as top skills.

Similarly, CFOs think that changes will also occur in the way they manage their role.

About half (52.5%) of the respondents perceive that AI and machine learning technologies will significantly affect the chief financial officer (CFO) role and the finance function.