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Review Papers | Financial Management | India | Volume 12 Issue 6, June 2023 | Popularity: 5.3 / 10
The Cutting - Edge of using Innovative Training Methodologies by Adopting Emerging Technologies in the Banking Industry
Dr. Thiruma Valavan A
Abstract: This article explores the innovative training methodologies adopted by the banking industry in response to emerging technologies. It underscores the critical role of training in equipping employees with necessary skills, knowledge, and competencies, thereby enhancing their performance and productivity. The article discusses various innovative training methods such as E - Learning, Gamification, Virtual Reality VR, Augmented Reality AR, Microlearning, Social Learning, Mobile Learning, Adaptive Learning, and Blended Learning. It highlights the benefits of these methods, including enhanced engagement, realistic simulations, cost and time efficiency, scalability, personalized learning, tracking and analytics, continuous learning and updation, and compliance and risk management. The article also delves into the impact of emerging technologies like VR, AR, Artificial Intelligence AI, Machine Learning ML, data analytics, gamification, collaborative learning, and blockchain technology on bank staff training. The future of training in the banking sector is anticipated to see increased adoption of technology, a shift to digital and mobile learning, personalized and adaptive learning, gamified and interactive learning, microlearning, social and collaborative learning, data analytics and performance tracking, and a focus on soft skills and leadership development.
Keywords: Training, Bank Training, Emerging Technologies, Innovative methods, Artificial Intelligence (AI), Virtual Reality (VR), Training Methodologies, Banking Industry, Banking Sector
Edition: Volume 12 Issue 6, June 2023
Pages: 2550 - 2554
DOI: https://www.doi.org/10.21275/SR23625172812
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