The World Economic Forum predicts that by 2025, half of all employees globally will need to learn new skills or enhance existing ones to keep pace with these advancements. Goldman Sachs warns of AI potentially replacing hundreds of millions of jobs, while a report by the McKinsey Global Institute projects that by 2030, approximately 14% of workers worldwide may need to consider changing careers due to the impact of digitisation, robotics, and advancements in AI.
As technology evolves, upskilling is crucial for career growth and success. Musty Mustapha, Managing Director of Kuda Microfinance Bank, stressed the urgent need for new skills and embracing change during his keynote address at the Africa Fintech Foundry Ecosystem Roundtable 5.0.
Here are five ways you can upskill your career using insights from Mustapha’s address:
1. Embrace Continuous Learning
Mustapha emphasises the importance of cultivating a mindset of continuous learning. With the proliferation of online resources like YouTube, Coursera, edX, Udemy, and LinkedIn Learning, knowledge is more accessible than ever before. Take advantage of these platforms to enhance your skills in areas such as data analysis, coding, digital literacy, and adaptability.
2. Leverage Corporate Training Programs
Corporate training programs play a crucial role in upskilling employees. Seek out opportunities within your organisation to participate in self-directed learning and personalised development plans. By proactively engaging in these programs, you can tailor your growth path and contribute to innovation in your industry.
3. Develop Soft Skills
In addition to technical proficiency, Mustapha emphasises the importance of soft skills in fintech careers. Skills such as communication, teamwork, project management, innovation, and problem-solving are essential for career advancement. Invest in developing these skills to complement your technical abilities and foster collaboration within diverse teams.
4. Prioritise Ethics
As technologies like AI and blockchain continue to reshape the fintech landscape, ethical considerations become increasingly important. Mustapha underscores the need for ethical training to navigate challenges such as privacy concerns, algorithmic bias, and security risks. By integrating ethics into your skill development, you can contribute to responsible innovation and build public trust in emerging technologies.
5. Focus on Sustainability
In light of rising environmental concerns, Mustapha highlights the importance of sustainability in fintech. Acquire expertise in green fintech, sustainable finance, and eco-friendly technology solutions to address sector-specific challenges.
By understanding environmental policies and promoting sustainable financial practices, you can contribute to the development of innovative solutions that benefit both the industry and society.
Incorporating these strategies into your career development plan will not only enhance your skills but also position you for success in the ever-evolving landscape of technology. Embrace change, prioritise learning, and seize opportunities to upskill and advance your career in fintech.
