Artificial Intelligence (AI) and big data adoption will continue to determine the continuous growth of the global financial service market. While the pandemic has significantly altered customers’ behavior, this has also contributed to an increasing reliance on online and mobile financial products enabled by AI and big data; thus, calling for the rising demand for AI and big data professionals.
Our recently published industry report Fintech Manpower Development in Asia-Pacific Financial Centers with a Focus on Artificial Intelligence and Big Data Professionals aims to shed light on the talent market in Hong Kong and identify strategies to develop a competitive pool of AI and big data professionals locally.
The report documents findings of an in-depth study we conducted on the talent situation of Hong Kong, Singapore, Shanghai, Shenzhen, Tokyo, and Sydney – six financial cities in the region – and offers a snapshot of labor trends and dynamics of each city, as well as a broad stroke comparison between the cities.
Results from the report indicated that the digitalization of financial services across the region is being hampered by the shortage of AI and big data talent. As a result, we have included additional observations and an outline of six policy recommendations for Hong Kong to leverage its human capital and support the city’s status as a global financial center and Asia’s world city.
Click here to read the full report.
