Digital Proficiency

Week 7
 Lecture outline
•What is Digital Proficiency
•Future Skills Force
•Artificial Intelligence and
its implications
•How to get Digitally Proficient

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The employment market is
changing
• Assimilation: are about absorbing information from the
outside world.
• Cognitive Load Management
• Computational Thinking
• Novel & Adaptive Thinking –
• Integration: are about applying information to the
outside world
• Sense-making,
• Transdisciplinarity
• Design Mindset
• Collaboration: are about relationships with other people.
• Social Intelligence
• New Media Literacy
• Virtual Collaboration
• Cross-Cultural Competency
Future Work Skills 2020, Institute For The Future, iftf.org/futureworkskills
The top skills graduate
recruiters want
•Commercial awareness
•Digital Proficiency
•Communication
•Teamwork
•Negotiation and persuasion
•Problem solving
•Leadership
•Organisation
•Perseverance and motivation
•Ability to work under pressure
•Confidence
Innovation
in
Technology
• Biometrics
• Artificial Intelligence
• Machine Learning
• Virtual Reality
• Augmented Reality
• Pervasive Computing
• Wearable Computing
• NFC
• RFID
Artificial Intelligence &
Robotics
•What is Artificial intelligence (AI)?
• the science of making machines imitate
human thinking and behavior
• Intelligent systems is a term that describes
the various commercial applications of AI.
• AI is concerned with:
• studying the thought processes of humans
• recreating those processes via machines, such
as computer and robots.
• Robot – a mechanical device equipped
with simulated human senses and the
ability to take action on its own

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 Digital Proficiency
• Do you have an open mindset and a readiness for change?
• Do you remain open to new ideas and new approaches, especially
those relating to technology’s application to solving problems,
continuously improving and/or innovating?
• Compared to your peers, are you a leader when it comes to
acquiring new knowledge and skills in the adoption of digital
technologies?
• Are you intellectually curious and proactive when it comes to
learning? Do you have an open mindset and a readiness for
change?
• Do you remain open to new ideas and new approaches, especially
those relating to technology’s application to solving problems,
continuously improving and/or innovating?
• Compared to your peers, are you a leader when it comes to
acquiring new knowledge and skills in the adoption of digital
technologies?
• Are you intellectually curious and proactive when it comes to
learning?
Does everyone need to be a programmer?

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Mastering your tools

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Let’s look at Excel

1
One of the most important tools for a
business

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Magical world of excel formulas

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Artificial Intelligence

An overview:

Artificial Intelligence In 10 Minutes | What Is Artificial Intelligence?| AI

Explained | Simplilearn - Bing video
Is AI a threat? In what way?
RISKS OF ARTIFICIAL INTELLIGENCE
Automation-spurred job loss

Privacy violations

Deep fakes

Algorithmic bias caused by bad data

Socioeconomic inequality
Different dimensions

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 COMMUNICATION &
COLLABORATION – the plus
side
Digital Proficiency in Teams: One Hub. Everyone Connected.

Teaching and
Learning Professional
development

Faculty and staff

coordination Student community
building

Research
One Hub. Everything Connected.
 Teams is the fastest growing app in Microsoft
history

20+ 91% 44 500k

Fortune 100 companies use Teams
languages are supported in Teamsorganizations use Teams
million daily users
FinTech, Opportunities
and Challenges, in the
age of Industry 4.0
Prepared by:
Dr Hammad Hussain
Overview
• Industry 3.0 to 4.0
• FinTech
• Venture Creation
• Employability
• Challenges for
FinTech
• Conclusion
• References
 Industry 3.0 to 4.0
• Industry 3.0 was about automation, computing, electronics
• Industry 4.0
• Industrial Internet of Things (IIOT)
• Cloud Computing
• Predictive Modelling
• Big data / Analytics
• Smart / Agile
• Machines work autonomously
FinTech

• Recognised as one of the most

important innovations in the financial
industry (Lee and Shin, 2018)

• 83% financial institutions believe

various aspects of their business are
at risk to fintech startups (PWC, 2016)

• FinTech investment $34.4bn in 2018

Source: Statista (2019)
(Statista, 2019)

• FinTech is already becoming a norm

• Blockchain

• Crypto Currencies

• Different organisations connected on

a same platform – Industry 4.0
 Venture Creation
• Companies are relatively easy to set-up
• Biggest cost is tech and creation of the systems, processes
and controls
• Need people with a strong RegTech background
• Regulatory requirements of people e.g. Money
Laundering Reporting Officer
• Requirements of Audits, both compliance and Finance
• Capital requirements depending on size
• Can start as Digital Nomads
 Employability

• Google Search
 Jobs in
• Lots of opportunity in the below areas:
• Blockchain experts and developers
• Software and mobile application development
• Data Science / Data Analysts
• Machine Learning, Artificial Intelligence (AI) and Deep Learning
• Cybersecurity
• Compliance Officers
 Challenges for FinTech
 CyberSecurity
• It is how individuals and organisations reduce the risk of
cyber attack (NCSC UK, 2020)
• Data breaches
• Carphone warehouse –fined £500,000 –14mn affected
• British Airways –faces £183mn fine –500,000 affected
• JustPark –customer information leak
• Ransomware
• Travelex –Sodinokibi demanded £4.6mn
• WannaCry in 2017, affected NHS - £100mn
• Frauds
• Phishing
• Lottery

Source: BBC & Guardian

 Challenges for FinTech
 Regulatory
• Complying with regulations whilst innovating
 Technology Integration
• Different system connections through API
 Risk Management
• System failures –TSB upgrade failure
• Vulnerabilities –hacking
 Conclusion
• Industry 4.0 is re-shaping future, old processes are
re- thought re-engineered
• 5g will further enhance
• Artificial Intelligence is next
• FinTech is already common
• Atleast apply for a jobs in FinTech!
Stay safe.

Have a great week!

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