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From where we stand:Enabling Future Innovation

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From Where We Stand, robotics, machine learning and the oncoming wave of new technological advancements will power the marketplaces of the future. But will a potential talent gap stop this trend before it even begins? Learn why we believe STEM education may be among the most critical enablers of future innovation.
  • New technologies are emerging at a faster pace than ever before with the potential to transform the global marketplace.
  • However, the industry’s ability to drive innovation may be hindered by a lack of experienced talent:
    • One study found that more than half of business executives said skills shortages are a significant problem for their companies – and that 60% of their roughly 200,000 U.S. job openings require basic STEM literacy.
    • Just as troubling, 38% of these same companies say at least half of their entry-level job applicants in the U.S. lack even basic STEM skills.
  • From where we stand, STEM education is critical to driving fintech innovations in new technologies like cloud computing, robotics, cryptography, machine learning and data analytics. 
  • We believe STEM education will help develop a diverse workforce that will be capable of leveraging these and other new technologies to make the markets safer, more stable and more efficient.
    • At DTCC, we work with leading organizations like Change the Equation to promote STEM education.
  • As we look to the years ahead, supporting STEM education will help ensure that we have the computer scientists, engineers and mathematicians to develop and manage future technologies that right now may be just an idea on a drawing board or a thought in some young person’s imagination.

In this video, Susan Cosgrove, DTCC Chief Financial Officer, explains why we believe STEM education is critical to driving fintech innovations in new technologies.

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