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A collection of Protiviti blogs. 

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June 19, 2024

Leveraging AI in finance – Move from theory to practice

Finance leaders are actively prioritising practical AI use cases that deliver near- and long-term value. And the reason is simple: the benefits of deploying AI to strengthen specific activities are proving to be well worth the investment.
Cybersecurity is distinguished not only by a talent shortage but also by having a predominantly male workforce. Women are in the minority on most cybersecurity teams that have women at all, so when they experience gender bias, they’re likely to be isolated.
Protiviti invited Robert Half Executive Director Clive Davis to share expert insights on talent management strategy as part of a 30-minute lunchtime series, Navigating the Future of Finance.
The future of banking — and banking regulation — is digital and AI-driven.Risks will increase, especially around crypto, fraud and bias in machine-made decisions.Upskilling of compliance officers and risk professionals is needed to function in this evolving environment and manage new risks.
Managing organisational change can be a difficult process regardless of the economic climate. Having multiple initiatives that require participation of several of the same employees is a breeding ground for burnout and employee attrition.Projects often ground to a halt.The best approach: By establishing a center of excellence to manage change — similar to an air traffic control tower — organisations can identify…
Over the last number of years, we have seen organisations shift to cloud computing, in its various forms. Successful adoption and consumption of cloud services have seen organisations benefit from improved cost-effectiveness, security, agility, resiliency and performance. However, with such a significant shift to new technologies, we have seen differing experiences in the benefits realisation of the shift to cloud…
An organisation’s ability to perform, adapt and thrive requires new talent strategies. CHROs and their teams should deploy HR variants of the data-driven, forward-looking FP&A approaches that finance groups employ.A key point: This may require fundamental redesigns of job roles and organisational structure.Yes, but: Organisations cannot solve today’s talent shortage problems with yesterday’s thinking of “Just…
Dramatic reductions in force are happening across industries as economic uncertainty leads companies to reevaluate labor expenditures.Why it matters: RIFs are costly to carry out and they damage morale. Handling RIFs with compassion is the right thing to do.RIF alternatives – furloughs, job sharing and compensation changes – can save money, enable swifter recoveries and reduce hits to morale.Organisations should…
By 2025, core banking workload deployment on cloud is expected to be 14% of total IT spend.Banks are grappling with outdated applications; data is siloed and trapped within legacy systems and not accessible for customer insights and tailored experiences and services.Regulatory changes in Australia, the UK and U.S., in GDPR and APRA standards for data privacy and operational resiliency, are also impacting the…
Technical debt consumes nearly one-third of technology budgets and more than one-fifth of technology professionals’ time; 70% of CIOs and technology leaders view technical debt as a major drag on their organisation’s ability to innovate.
Janna Anderson, professor of communications and director of the Imagining the Internet Center at Elon University, is the lead author of the report The Metaverse in 2040, published in partnership with Pew Research. She is a senior contract researcher for Pew and co-leads the center’s 19-year series of reports outlining experts’ predictions for the most likely future of digital life. The full report, released in late…
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