GenAI recorded the widest talent gap, followed by AI deployment engineering (72.4 per cent), AI governance (70 per cent), and MLOps (68 per cent).
Those looking to reskill or upskill are signing up for courses covering the fundamentals of AI and machine learning, design basics, GenAI use cases for software development, and coding in various languages.
A new report by EY-Parthenon and CREDAI indicates that Generative AI (GenAI) could inject USD 14-17 billion into India's real estate economy over the next seven years. The technology is expected to significantly enhance operational efficiency, boost sales velocity by 30-50 per cent, and accelerate product launches, offering competitive differentiation and improved customer experiences for developers.
India's largest IT services company TCS believes that generative artificial intelligence (AI) is not just another tech cycle but a "civilisational shift" which will positively benefit every industry.
IdeaForge Technology Ltd has announced a partnership with Digital Media Professionals Inc. (DMP) to develop next-generation AI drones, aiming to enhance autonomous capabilities and expand into the Japanese market.
For Dinesh Nirmal (pictured), who heads IBM Software, one of his mandates is to integrate generative artificial intelligence (GenAI) into all products IBM builds and leverage it to enhance developer productivity across global labs. Nirmal believes that one of the biggest benefits of GenAI is automation, leading to optimisations and productivity gains. He shares that IBM Software has observed productivity gains of 30-40 per cent in some segments of software development.
Jobs specialising in the creation and management of AI tools may witness rising salaries due to the niche expertise they require. Skills in AI research, development and the practical application of AI tools in business settings will also see strong demand.
India is among countries at the highest risk from cyber vulnerabilities caused by a new generation of GenAI technologies.
'This Lok Sabha election is more of a trial for GenAI content.'
'Historically, many chief financial officers have not been comfortable with investing today for indirect value in the future.' 'This reluctance can skew investment allocation to tactical versus strategic outcomes.'
Infosys co-founder Nandan Nilekani stated that artificial intelligence will amplify, not replace, IT firms, projecting a massive USD 400 billion AI-first services opportunity by 2030. Addressing shareholders, he highlighted Infosys's readiness to help clients navigate enterprise AI complexities and capitalise on the structural shift in technology.
'In India, the GenAI startup ecosystem is unfolding with remarkable speed, signalling a new era of technological advancement and investment opportunities.'
A Deloitte survey reveals that Indian Gen Z and millennial professionals are rapidly adopting AI tools in the workplace, surpassing their global counterparts in usage and confidence, while also facing financial pressures and shifting workplace expectations.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
Learners in India prefer to pursue newer courses, such as Gen AI by building apps and code using the technology, along with learning about it.
Generative AI (GenAI) has the potential to add a cumulative $1.2-1.5 trillion to India's GDP over the next seven years, according to a report by EY. The report titled 'AIdea of India: Generative AI's potential to accelerate India's digital transformation' says that in 2029-30 alone, GenAI can contribute an additional $359-438 billion to India's GDP. The report said that around 69 per cent of the overall impact of GenAI on India's GDP is expected to be derived from sectors such as business services (including IT, legal, consulting, rental of machinery and equipment, and others), financial services, education, retail, and healthcare.
What looks like convenience today might well be shaping a future where essential human skills quietly fade away.
'We're putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.'
The DP World PGTI has launched the inaugural NexGen Vijay Kumar Memorial golf tournament to honour the late Indian golfing legend, Vijay Kumar. The event, held at his home course in Lucknow from June 9-11, celebrates his legacy and aims to inspire new talent.
Organisations are facing growing privacy concerns over the use of generative artificial intelligence (GenAI) while getting attractive returns from investments in privacy, according to Cisco's latest Data Privacy Benchmark Study. The findings highlight the responses from 2,600 privacy and security professionals across 12 geographies, said the annual review of key privacy issues impacting business. "Organisations see GenAI as a fundamentally different technology with novel challenges to consider," said Dev Stahlkopf, Cisco Chief Legal Officer.
As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
Cognizant Technology Solutions is infusing generative artificial intelligence (GenAI) into all its core offerings, chief executive Ravi Kumar S wrote in an internal note to its employees. Cognizant has 351,500 employees, a majority of whom are in India. Kumar cited the example of a GenAI-enabled conversational virtual assistant (VA) that Cognizant has introduced to help clients reimagine experiences beyond chatbots.
Infosys said on Tuesday it is collaborating with Microsoft to jointly develop industry solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organisations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions are aimed at accelerating the rapid democratisation of data and intelligence that will help businesses increase productivity and drive new revenue growth.
Tata Consultancy Services (TCS) has to "keep evolving" and be relevant to clients as generative artificial intelligence (GenAI) technologies emerge, K Krithivasan, chief executive officer and managing director of the IT company, has said in a New Year's message to employees. "It is always heartening to see the reinforcement of how strong our relationships are with our clients and the level of trust they place with us.
Artificial Intelligence (AI) adoption has led firms to moderate hiring, primarily at the entry-level, according to a report.
GenAI smartphones are mobile devices that leverage large-scale, pre-trained GenAI models to create original content or perform contextually aware tasks.
Delhi-based pharma major Mankind Pharma on Wednesday announced a collaboration with OpenAI to institutionalise artificial intelligence (AI) across its value chain, making it one of the first few Indian pharmaceutical companies to fully integrate advanced AI into its core operations.
Generative artificial intelligence (AI), climate tech and fintech sectors will be the hot areas for venture capitalists and founders in the next year, according to the prediction by Prashanth Prakash, founding partner of the global venture capital firm Accel Partners in India and the chairperson of Karnataka Startup Vision Group. Prakash said that about $25 billion has been invested into building Gen AI globally. But a lot of that capital has not yet come to India, opening up huge opportunities for startups in the country.
'It will drive a lot of surrounding business, that is where we see some good projects coming in.'
Sony launches Xperia 1 VIII smartphone featuring premium cameras, AI enhancements, OLED display, and flagship performance.
While methods such as generative user awareness remain among the most efficient and low-cost mechanisms for preventing cybersecurity incidents, they are becoming less effective as attacks become more sophisticated.
The Delhi Police arrested four IYC workers and booked them at Tilak Marg Police Station under multiple provisions, including criminal conspiracy, unlawful assembly, assault on public servants, obstruction of duty, and disobedience to orders promulgated by public authorities.
IT services giant Cognizant is embarking on a significant AI-led restructuring programme, Project Leap, involving an investment of up to $320 million, which will lead to workforce reductions across geographies and a strategic shift towards AI capabilities to boost productivity and margins.
Former Nepalese Prime Minister K P Sharma Oli and ex-Home Minister Ramesh Lekhak have been released on personal recognisance bail after being arrested in connection with the Gen Z protests of September 2023.
Sunit Chowrasia, nephew of SSP Chawrasia, fired a bogey-free eight-under 62 to take a two-shot lead after the second round of the DP World PGTI NexGen Vijay Kumar Memorial tournament in Lucknow. He now stands at eight-under 132, while overnight leader Abhishek Kumar is in second place.
'It requires tail layering and customising, and you can't just sprinkle your organisation with co-pilots and be done with it.'
Young Kolkata golfer Aryav Shah takes the lead after the first round of the DP World PGTI NexGen 2024 tournament in Gurugram, with a score of four-under 68.
Global brokerage Bernstein has issued a cautionary note, stating that India risks 'under-delivering on its potential' unless it addresses key policy bottlenecks and structural risks, including employment challenges from AI, limited manufacturing gains, and rising welfare spending.
Siddharth Semwal's impressive second round puts him in the lead at the DP World PGTI NexGen 2024 tournament in Gurugram, as the PGTI aims to expand golf's reach in India.
Vinay Kumar Yadav of Delhi emerged victorious at the PGTI NexGen tournament in Gurugram, securing his maiden title after a thrilling playoff against Arjunveer Shishir of Chandigarh.
