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Nearly all jobs in finance and management will be touched by AI

The sea-change in artificial intelligence over the last few years resulted from a bet, placed in a couple of university and industrial labs a decade ago, that a sleepy line of research could come to life with a lot of data and a lot of computational resources.

The results have surprised even the most ardent supporters, and the subsequent deployments of working AI systems have by turns captivated and alarmed the public. Both the power and limitations of these systems are difficult to appreciate, which is an obstacle to informed public debate and the shrewd use of these tools in business and government.  

Nearly all jobs in finance and management will be touched by AI, but relatively few will be completely eliminated. Instead, one should think of tasks being replaced by AI, rather than jobs, which will place a premium on people knowing where and how this technology can be deployed. There are also many societal, ethical, and legal issues that arise, and tomorrow’s business leaders must be attuned to the implications of this technology in these areas.

Events

Date
Event
Room
Public
September
13 Certified Digital Controlling Specialist AI Lab yes
14 Insights from the Boardroom- Up Close with Alexander Doll AI Lab
25 Digital8 AI Lab
27-28 Design Thinking  - TGA-Manager AI Lab yes
29 Certified Digital Controlling Specialist AI Lab yes
30 Change-Story-Workshop AI Lab
October
1-2 Digital Innovation Workshop AI Lab
4-6 Changemanagement AI Lab
13 Management-Studiengang  - Virtuelle Studiengangseröffnung AI Lab
26 Campus Talk AI Lab
28 Certified Digital Controlling Specialist AI Lab yes
November  
4 Round Table AI Lab
10 Management-Studiengang  - Virtuelle Studiengangseröffnung AI Lab
11 Talk: Sanjay Brahmawar, CEO Software AG AI Lab
16 FS Entrepreneurs in the Spotlight AI Lab
December
13 - 17 Certified Expert in Data Science and Artificial Intelligence AI Lab yes
January
12 Certified Digital Controlling Specialist AI Lab yes
20-21 Betriebswirt-Abschlussveranstaltung Vertiefungs-Richtung Digital Business AI Lab
24-25 Certified Expert in Data Science and Artificial Intelligence AI Lab yes
26 EdTech & Organizational Learning Meetup AI Lab yes
27-28 Certified Expert in Data Science and Artificial Intelligence AI Lab yes
March
16 Certified Digital Controlling Specialist AI Lab yes
May
9-11 AI Lab yes
June Certified Audit Data Scientist
21-24 Certified Audit Data Scientist AI Lab yes

Centre for Human and Machine Intelligence

The Centre for Human and Machine Intelligence, HMI, conducts basic and applied research at the intersection of Artificial Intelligence & Machine Learning, Decision & Social Science, and Finance & Management. Our focus is to develop and advance our understanding of computational systems that augment human capabilities for judgment and decision-making.

The principal aims of the HMI are:

  • To produce and disseminate excellent and original research in Decision Science, Behavioral Science, Machine Learning and Artificial Intelligence, with the aim of advancing our understanding of judgment and decision-making.
  • To become the premier centre in Europe at the intersection of the decision sciences, artificial intelligence and machine learning, and business, connecting theory to practice at the center of European finance.
  • To stimulate and coordinate work worldwide at the intersection of finance, data science, and the decision sciences.
  • To foster collaboration with researchers from adjacent areas, including cognitive science, neuroscience, biology, political science, and philosophy.
  • To contribute to the responsible and ethical development of artificial intelligence in collaborations with both government and corporate initiatives.

AI in Faculty and Research

Prof. Dr. Gregory Wheeler

Gregory Wheeler is Professor of Theoretical Philosophy and Computer Science at the Frankfurt School of Finance & Management. Gregory’s research interests in theoretical philosophy and computer science center on reasoning under conditions of uncertainty, with a focus on the foundations of probability, statistics, and machine learning. Learn more.

Prof. Dr. Florian Ellsäßer

Florian is Assistant Professor for International Entrepreneurship at the Frankfurt School of Finance & Management. His main interest lies in inference under uncertainty. On the theoretical side his focus has been on research methodology, analyzing the applicability of different philosophical theories such as contrastive explanation and machine learning methods such as Causal Graph Models to management research. Learn more.

Prof. Dr. Peter Roßbach

Peter is Professor of General Business Administration and Business Informatics, with emphasis on Applied Business Informatics and Information Technology. Learn more.

AI in Academic Programmes

Bachelor in Business Administration (Bachelor of Science) mit dem Schwerpunkt Digital Business (Wirtschaftsinformatik)

Um die neuen Entwicklungen zu meistern benötigen Unternehmen ausgebildete Fach- und Führungskräfte. Unser Studiengang Digital Business bereitet dich auf genau diese Herausforderungen der Zukunft vor: Lerne in deinem Studium, wie du die Arbeitswelt von morgen mitgestalten und verändern können. In sieben Semestern erlangst du Kenntnisse zum Thema IT und Digitaliserung. Gleichzeitig arbeitest du dich im Studium in relevante Themen aus Management und Wirtschaft ein. Learn more.

Bachelor in Business Administration (Bachelor of Science) with focus on Digital Business

Through this concentration you will learn in 7 semesters about digital marketing, how to develop Data systems and how to manage companies in a more technologically efficient way. You can work at one of our cooperation partners while studying and put your theoretical knowledge into practice. This concentration is for students with an interest in IT-themes and Data Science, as well as general Business Knowledge, Marketing and Entrepreneurship. Learn more.

Master in Applied Data Science

​The MSc in Applied Data Science is a response to the demand from across different industries for business savvy data scientists with the collaborative skills to match. This 4-Semester programme, designed for students interested in applying computational data science to contemporary business problems, equips students with the technical skills, business domain knowledge, and critical judgment to navigate the modern data ecosystem. Learn more.

AI in Executive Education

“Disruption“ belongs to the most used expressions in connection to the rapidly progressing Digitalisation. Applications such as Blockchain and Big Data are already driving the acceleration of business models and processes. Artificial Intelligence and the need to continuously assess its potential and risks are increasingly prevalent in everyday business life at a growing pace.

We help you identify and make the most of new parameters – guiding and supporting you through the many processes of change in seminars, certification courses, workshops and individual coaching sessions.

Expert in Data Science and AI

The recent wave of innovation in Artificial intelligence (AI) has enormous disruptive potential, but there is a decided shortage of professionals capable of harnessing the power of the latest modelling techniques and moving AI from the drawing board into real life. Learn more

Certified Blockchain Expert

As more and more Blockchain based applications evolve, an in-depth knowledge of the underlying technologies is becoming indispensable. Equipped with this knowledge, you can leverage Blockchain opportunities to build your company’s digital future. Learn more

Artificial Intelligence for Business

Machine Learning, Disruption, Fourth Industrial Revolution or Blockchain are just some of the terms we encounter in the context of Artificial Intelligence (AI). In order to implement the technology successfully, it is first of all necessary to find out how it can explicitly benefit your company and your customers.  Learn more

AI Lab

The AI Lab belongs to the AI Initiative at Frankfurt School and shows the university's commitment to this topic. It is the home for artificial intelligence and digital transformation at FS.

Here, innovation-oriented and collaborative students, employees, faculty members and partners come together. The AI Lab is a hub for projects and topics within AI, ranging from machine learning and deep learning to image recognition and natural language processing. From internal digitalisation projects to external tech events, the AI Lab offers a designated space for open and collaborative learning and working, both on a department level and institution wide.

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ProcessLAB

Frankfurt School’s ProcessLab research center focuses on applied research on process management in the finance industry. A team of researchers from the areas of process management, organizational behavior, and information systems addresses various research questions around on how to manage, improve, and innovate business processes in banks, insurance companies, and other firms from the financial services sector. This does also involve the utilization of new digital approaches and technologies, such as process mining/analytics, process robotics, or blockchain.

The ProcessLab does also organize the annual ProcessLab conference, one of the largest German industry events on process management in the financial industry; this year’s conference theme is “From Digital to Smart Processes – Analytics, Robotics, and Artificial Intelligence”.

#FSAI on Frankfurt School