The Impact of Artificial Intelligence (AI) on the Financial Job Market
AI technology will change the business world in three aspects: automation, intelligence and creation. It will increase automation, support intelligent analysis and decision-making, and create new business models and industries. In the financial sector, it will make some jobs redundant, while at the same time increasing efficiency and creating jobs. Based on analysis of the three major value chains in the financial services sector — banking, insurance and capital markets, this report will examine the potential impact of AI technology on each industry, its jobs and activities, and further estimate the impact on overall employment in the financial industry.
Growing from RMB 960 billion in AuM in 2007 to RMB 23 trillion in mid-2017, trusts have played an important role in the national economy, the people’s livelihood, and financial markets. The industry now stands at a new starting point.
The Comeback Kids: Lessons from Successful Turnarounds
For leadership teams, turning around a troubled company represents the truest test of their performance. The 11 stories here detail some of the most successful turnaround initiatives in the world over the past decade. Facing clear challenges, these companies—the Comeback Kids—have taken the tough measures necessary to dramatically improve their profit margins and generate substantial value for shareholders. As a group, they have outperformed the S&P Global 1200 by 46 percentage points since 2013. They illustrate the value of strong and decisive leadership and a structured approach to turnarounds—in situations where the stakes could not be higher.
Value in Healthcare: Laying the Foundation for Health System Transformation
The World Economic Forum, in collaboration with The Boston Consulting Group (BCG), launched the Value in Healthcare project in July 2016. The project is one of the first attempts to take a genuinely systemic approach to value-based healthcare in which all industry stakeholders have a seat at the table. The report synthesizes the project’s preliminary findings, with a focus on defining the problem, developing a comprehensive framework for a value-based health system and proposing a high-level roadmap for system transformation.