Experts and industry leaders underscored the importance of artificial intelligence (AI) and digital financial literacy for entrepreneurs, managers, and young professionals in Bangladesh’s industrial sector during a training workshop on Saturday. The event, titled “AI for Finance and Digital Financial Literacy,” was organized by the Bangladesh Chamber of Industries (BCI) at its office in Tejgaon I/A, Dhaka.
Speakers emphasized that AI is transforming financial management, business operations, risk analysis, and promoting financial inclusion, marking a significant shift in the Fourth Industrial Revolution (4IR). Anwar-ul Alam Chowdhury (Parvez), president of BCI, presided over the inaugural ceremony and highlighted that adapting to AI is now a necessity rather than a choice for modern businesses.
“Financial literacy is no longer just about basic accounting; it encompasses secure digital transactions, data tracking, risk analysis, and informed decision-making using technology,” said Anwar-ul Alam. He further noted that BCI is dedicated to enhancing industrial capacity and equipping human resources to tackle future challenges through technology adaptation.
Md Helal Uddin, secretary general of BCI, shared compelling global statistics during the session. He revealed that 63 percent of organizations worldwide are currently utilizing AI for financial purposes, a figure projected to rise to 84 percent within the next three years. This trend signals a growing recognition of AI’s value in enhancing business efficiency and financial decision-making.
Preeti Chakraborty, senior vice-president of BCI, welcomed the trainees, urging them to prepare for a rapidly evolving global market. With a focus on future challenges, the workshop included two specialized technical sessions led by industry experts Md Imdadul Islam, senior manager at NetCom Learning Bangladesh, and Sanjoy Paul, head of the financial literacy wing at Shimanto Bank PLC.
The first session concentrated on how AI can ensure accuracy in financial operations, using real-world examples to illustrate its effectiveness. The second session addressed the critical need for digital financial literacy, applicable to personal use, small businesses, and large-scale corporate operations.
The event attracted participation from 20 representatives across various BCI member organizations and industrial firms, indicating a growing interest in the integration of AI and digital literacy in Bangladesh’s industrial landscape. As the Fourth Industrial Revolution progresses, the call for enhanced skills in AI and digital finance is gaining urgency.
As organizations globally pivot towards AI-driven solutions, the emphasis on financial literacy and technological adaptation is poised to shape the future of Bangladesh’s industrial sector, ensuring it remains sustainable and competitive on a global scale.
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