AI BASED AUTOMATION
In India, road accidents claim 19 lives every hour. Can AI make driving safer?
Startups are using AI tools to analyse driver behaviour in an effort to make the operations of fleet operators easier.
To get skilled in AI, companies let employees play in Metaverse
As the landscape of work evolves rapidly with artificial intelligence playing a crucial role, businesses are shifting away from a one-size-fits-all approach to learning. Companies aim to ensure that their employees are well-versed in the emerging technology through a variety of training methods.
Vishal Mega-Mart joins hands with Officenet to boost operational efficiency among retail workforce
Vishal Mega-Mart has teamed up with Officenet to enhance HR management across its 650+ stores in India.
Spend management startup Dice raises $5 million from Dallas Venture Capital India Fund
Dice, an enterprise spend management startup, has raised $ 5 million in a funding round led by VC firm Dallas Venture Capital. The company will use the fresh capital for its go-to-market initiatives, like strengthening market penetration and customer outreach.
ITR filing: Credit card and forex spend reported separately by banks in AIS, know the impact and what you can do
Income tax return: While filing your ITR make a note that banks are now reporting total forex spends as a separate category in addition to total credit card spends. According to Gopal Bohra, Partner, N.A. Shah Associates, "Transactions through international credit cards are currently exempt from TCS, and accordingly, banks do not collect TCS. However, banks report all remittances under LRS through TCS filing, irrespective of whether TCS is collected or not."
Transforming multi unit retail operations with No Code
The retail industry in India is subject to the vagaries of the economy and operates in a competitive market. It needs a relentless focus on operational efficiency to gain any edge.
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As tech grip on medical industry becomes stronger, it creates space for new jobs profiles
Ebenazer Paul highlights the increasing demand for skilled professionals in medical billing and coding, driven by technological advancements and evolving healthcare regulations. The industry offers diverse opportunities for growth and specialization, with a focus on continuous education and certifications to stay competitive.
Automating repetitive tasks: AI for invoicing, inventory, and more
World MSME Day: The ability of AI to manage repetitive, time-consuming, and error-prone tasks revolutionizes business operations, resulting in accuracy, speed, and cost savings.
Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Known internally as 'Banyan,' the project would represent the first major overhaul of the voice assistant since it was introduced in 2014 along with the Echo line of speakers. Amazon is keeping pace with competitors in generative AI, given that Google, Microsoft, and OpenAI have received significant praise for their advanced chatbots. These systems can swiftly generate coherent responses to complex prompts or inquiries.
Revenue automation startup MeetRecord raises $2.7 million funding from SWC Global, others
MeetRecord, based in Bengaluru, offers AI-powered analysis of conversation data from emails and calls to improve sales conversions. Prior to this pre-series A funding round, the company had raised $310,000 in 2021 from All In Capital and Powerhouse Ventures.
Can AI answer the needs of smaller businesses? Some push to find out
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
We are investing in automation, digitisation and generative AI: Jennifer Tippin, Group COO, NatWest Group
Jennifer Tippin, Group COO, NatWest Group, said, "India is our second largest location outside of the UK, housing a quarter of our global workforce and half our technology workforce. We’ve been growing our presence here as our customers’ needs have changed, requiring more digitisation, enhancing our propositions and experiences. So, we’ve grown our capability here substantially - it’s more than just operations now."
Stocks in news: Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma
Domestic markets start positively with Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma in focus. ZEE appoints acting CFO. Tata Technologies partners with Microsoft. Wabco to sell ZF equity. Craftsman Automation launches QIP. Fosun Pharma reduces stake. Vedanta monetises steel business. Goldman Sachs sells One 97 shares; Vodafone sells Indus Towers shares; Generative AI hackathon.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
For an AI lesson, India must look back — 300 years
The profound impact of the industrial revolution on cotton-spinning may be poised for a repeat in a $250 billion white-collar powerhouse. As generative AI morphs into artificial general intelligence — machines rivaling human cognitive abilities — even highly complex tasks may not require expert programmers.
What will a robot make of your resume? The bias problem with using AI in job recruitment
Establishing guidelines, ethical standards, and promoting transparency in AI decision-making processes are essential for fair recruitment practices. Collaboration between HR professionals and AI developers can lead to more inclusive and equitable hiring processes.
Apple WWDC 2024: From AI-based Siri upgrades to custom emoji options; what to expect from iOS 18 ?
At the Apple Worldwide Developers Conference (WWDC) 2024, AI is set to take center stage. Apple plans to integrate generative AI across its operating systems, enhancing features in iOS, macOS, and more. Siri will see significant updates, becoming more conversational and capable of controlling app functions. New AI-driven features, such as voice memo transcriptions, automated message replies, and advanced photo editing, will be introduced.
Infosys recruits 76% lesser college graduates in FY24
IT major Infosys hired 11,900 college graduates in FY24. This is against over 50,000 graduates hired a year ago, as per data from its annual reports.
Strategic acquisition of mid-level talent is pivotal for D2C companies to grow in this market
The D2C market in India is experiencing significant growth, driven by a surge in consumer numbers and a diversification of offerings. AI and automation are playing a crucial role in revolutionizing operations, while the impact of the Open Network for Digital Commerce (ONDC) is profound.
That’s not funny: Why AI doesn’t get the joke
Despite the advances in technology, artificial intelligence has not grown a sense of humour. That is no laughing matter.
Happiest Minds focusing on areas like analytics, automation, gen AI and security: Joseph Anantharaju
Venkatraman Narayanan and Joseph Anantharaju of Happiest Minds outline positive Q4 results and strategic plans for FY25, leveraging recent acquisitions for growth and aiming for 35-40% revenue growth with a 20-24% margin target. Strong focus on organic and inorganic growth strategies.
Yellow.ai launches model-as-a-service through Orchestrator LLM
Yellow.ai's Orchestrator LLM combines 15 AI models for enterprise tasks, enhancing customer conversations. It reduces operational costs, boosts agent productivity, and caters to global enterprises like Sony, Domino's, and Hyundai.
Britannia ready to lose on margins to gain on volumes
Britannia, the largest biscuit maker in India, is targeting double-digit volume growth despite potential price increases for wheat and sugar post-elections. The company is also focusing on expanding adjacent businesses and building its core biscuit portfolio. The company plans to align its service towards high-potential retail outlets, build AI-enabled predictive ordering, and upgrade salesforce automation.
Would be aiming for double digit volume growth; post elections it will be slight inflationary: Britannia's Berry
Britannia's Varun Berry prepares for post-election commodity price surge, aiming for growth despite margin erosion. The firm focuses on market route project, service alignment, and salesforce automation to tackle regional competition and pandemic-led disruptions.
Talent AI-volution: Can AI adoption dent India's tech edge?
India is the tech powerhouse of the world, known for its engineering prowess. But can the widespread adoption of AI, which will lead to significant automation, dent India’s talent edge? Annapurna Roy and Beena Parmar report.
Indigenous robotic solutions get an edge as enterprises look for customised AI-based automation
Addverb expands into healthcare segment with 'Heal' robots and exoskeletons, focusing on USFDA Class 2 certifications. Sheshadri highlights the competitiveness of Indian developers in providing advanced robotic solutions.
Workflow automation platform Nanonets raises $29 million led by Accel
The AI-based platform aims to use the funds for research and development to improve its algorithms, as well as for scaling its marketing and sales efforts. It offers automation solutions for businesses operating across various sectors.
Tesla, rivals get low marks for automated-driving technology
Tesla's Autopilot and other systems receive 'poor' ratings from IIHS. No real-world safety benefits found. Automatic emergency braking systems reduce accidents. Tesla claims safety superiority. Federal regulators investigate Tesla accidents. IIHS evaluates systems and testing methodology. Genesis introduces driver monitoring. Tesla's safety claims are questioned.
Five in 10 employees in India believe their organisations will teach them required skills to adapt to AI, automation : Survey
Mercer's 'Global Talent Trends' report reveals that Indian respondents exhibit a higher confidence in their organizations' ability to prepare them for AI and automation compared to the global average. Additionally, more Indian respondents believe their organizations effectively communicate the benefits of AI, yet there's a noted lack of leadership embracing AI initiatives.
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