AI SKILLS
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.
Global IndiaAI summit: A few takeaways
The Global AI Summit focused on enhancing AI development across various domains such as compute capacity, foundational models, datasets, application development, future skills, startup funding, and safe AI. These pillars represent the core of India's AI mission.
Saras, a one-of-its-kind institution dedicated solely to AI education, announces its official launch in India
Saras AI Institute, founded by Anil Singh, offers specialised online degree programmes, industry expert educators, personalised coaching, and integrates compassion. This state-approved institution, with a unique curriculum and innovative approach, aligns with World Economic Forum’s projection of 97 million new AI jobs by 2025, addressing the talent shortage in the global AI sector.
India AI Summit | Govt to invest in AI compute infra: IT minister Ashwini Vaishnaw
India prioritizes democratizing AI technology through a public platform, AI compute infrastructure, and support for deep tech startups. New Delhi is in discussions with GPAI countries for AI regulations and aims to invest in GPUs for AI innovation.
As AI gains a workplace foothold, US trying to make sure workers don't get left behind
Bridging the digital equity gap through AI education is crucial. Marvin Venay stresses the importance of inclusive initiatives for overcoming barriers. Accessible internet and affordable technology are essential components for empowering individuals with AI knowledge and skills.
Is AI enough for a job at GCC? Companies now train freshers for real-world experience
Aspirational graduates in healthcare technology fuel innovation with a focus on evolving healthcare solutions. Freshers receive in-depth exposure through apprenticeship models, fostering understanding of long-term career paths beyond immediate project work in GCCs.
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To address talent shortage, chipmakers skilling engineering students
Firms like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research.
AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
Companies need to increase AI skilling initiatives and also focus on ethics: Survey
Only 25% of IT professionals are very familiar with AI, as per ISACA survey. 40% orgs lack structured AI training, highlighting knowledge gaps and need for upskilling.
Freshers, take note: Data proficiency is becoming the key to multiple career opportunities
Data analysis is a crucial skill valued by employers across industries. It involves extracting insights from raw data using statistical tools. Lokesh Nigam and Krishna Kumar emphasize its importance in decision-making and career growth.
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.
Microsoft to invest $3.2 billion in Swedish cloud, AI
Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over a two-year period.
India, the choice for global talent?
India's population peaking after developed nations makes it a late entrant into the migrant labour market. However, it offers opportunities for foreign workers in high-end manufacturing, services, and the knowledge economy, bridging the domestic skills gap and smoothing India's economic transition to an age-dependency demographic. A structured immigration policy can speed up development and climb the value chain in manufacturing and services faster.
View: Gotta get ready for the AI-ternative
The integration of AI, nano robotics, space tech, and battery tech is transforming industries and reshaping economic models. As digital workers replace human roles in areas like call centers and logistics, governments must address potential job losses. Suggested measures include reskilling programs, focusing on labor-intensive industries, and implementing universal basic income (UBI) to support displaced workers. This proactive approach will help manage the transition and harness the benefits of these groundbreaking technologies.
GCCs open multiple career opportunities for freshers
India's economy has experienced significant growth due to the establishment of global capability centres (GCCs), which benefit from the country's skilled workforce, low operational costs, and digitisation. These offshore units, set up by multinational corporations, centralise various business functions and operations to improve productivity, presenting numerous job and career advancement opportunities, especially for early career professionals.
Salesforce leads the charge in hiring for new AI-driven roles
Salesforce is recruiting for positions like prompt engineers, AI trainers, and ethical AI architects. The demand for new skills is rising in the job market, driven by AI opportunities.
Is AI taking away your job? Here is how you can use AI to get more jobs. Know in detail
While AI is changing the workplace dynamics and the nature of jobs, there is a far more immediate concern for the workforce. A report by Microsoft and LinkedIn reveals some interesting facts.
The rise of AI in recruitment process: How companies are using artificial intelligence for hiring
Companies use AI tools like GenAI bots for candidate sourcing, resume screening, and skills assessment. HR executives say AI makes hiring quicker and more efficient. Genpact launched IMatch, an AI-based job-matching engine, resulting in improved productivity and faster hiring.
AI-focused TCS sees its staffers clocking more learning hours
This comes as TCS doubled its generative AI projects pipeline to $900 mn. Interestingly, senior female employees have been putting in more hours to learn than their male counterparts for the last four years, as per the annual report.
Senior-level IT services hiring in 2024 focuses on new-age skills
IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
India ranks first in adoption of GenAI across Asia Pacific: Deloitte survey
The report, titled ‘Generative AI in Asia Pacific’, said 93% of students and 83% of employees in the country are actively engaging with GenAI.
Digital India sparks rush for new-age software engineers
Demand for software engineers trained in emerging technologies is rising, creating 9-10 lakh additional jobs in the next 18 months. The surge is fueled by advancing technology and digital adoption, leading to fresh opportunities in AI and related fields like AI specialists and data scientists. GenAI is enabling non-technical employees to become citizen developers.
Boom in semiconductor industry drives demand for tech roles
The semiconductor industry in our country is experiencing rapid growth fueled by high demand and enabling government policies. Industry experts note a significant surge in demand for semiconductor professionals, with a conservative estimate suggesting a compound annual growth rate of around 100% in open positions over the last three years.
South India, led by Bengaluru and Chennai, spearhead India's tech talent surge
Among functional skills, development (35%) held the highest share of tech hiring demand: Quess Corp Annual Digital Skills Report FY24.
How to reskill and upskill yourself in pharma industry
The Indian pharma sector is evolving rapidly, demanding reskilling amidst technological advancements and regulatory shifts. To thrive, professionals must embrace digital transformation, stay updated on regulations, and invest in continuous learning. Soft skills and adaptability are also crucial in navigating market dynamics. Reskilling is imperative for success in this dynamic landscape.
'Vive La AIvolution!' in the air
AI impacts diverse sectors like jobs, empowerment, technology, and social structures. It necessitates skill development, infrastructure access, and empowerment initiatives to harness its potential for positive change and combat societal challenges effectively.
How Software and IT Jobs are disappearing in favour of AI and what is going to fill that vacuum
AI and technology advancements threaten 400 million jobs globally, impacting India's IT sector. Addressing rising unemployment requires skill evolution and innovative educational approaches to prepare for the future workforce demands.
India leads the world in AI’s skill penetration; lags on investments
India is number one in the world in terms of relative AI skill penetration, and is in the top four globally when it comes to relative AI hiring rate.
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