Is it Still Worth it for Finance Professionals to Learn Technical Skills in 2023?

In the rapidly evolving world of finance, where artificial intelligence (AI) technologies such as Chat GPT have gained prominence, the question arises: are technical skills like Python programming, Power BI, or Excel still worth learning?

With the ability of AI models to generate code and automate tasks, some may argue that traditional technical skills are becoming obsolete.

However, in this article, we will explore why it is still essential for finance professionals to acquire technical skills in 2023, despite the availability of advanced AI tools.

Understanding AI Outputs

While AI models like Chat GPT are indeed capable of generating code and automating certain processes, it is crucial for finance professionals to possess technical knowledge to understand and evaluate the outputs produced by these AI systems. Chat GPT, as powerful as it is, may not always produce accurate or optimized code for every specific finance-related task.

By having technical skills, professionals can critically assess the generated code and determine its suitability for the task at hand. This ability to discern the quality of AI outputs is essential in ensuring reliable and accurate results.