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India’s Workforce Evolution From Steam Engines To AI

Inc42 · 11m ago

India’s Workforce Evolution From Steam Engines To AI

India's evolving workforce has gone through four industrial revolutions, from artisanal skills to digital expertise. As India strives to become a $1 trillion digital economy, professionals need to be adaptable, creative, and globally connected to thrive in the ongoing Fourth Industrial Revolution. Discover how ambitious individuals can gain a competitive advantage in their careers.

Related News

DGCA orders Air India to conduct immediate checks of all Boeing 787-8/9 aircraft

Livemint

Livemint · 1m ago

DGCA orders Air India to conduct immediate checks of all Boeing 787-8/9 aircraft

India’s Directorate General of Civil Aviation (DGCA) has mandated immediate inspections of Air India’s Boeing 787-8/9 aircraft following the Air India flight AI-171 crash, which resulted in 265 fatalities. The checks, focused on General Electric's GEnx engines, will include fuel parameter monitoring and cabin air compressor systems. These inspections must be completed before any flights depart from India after midnight on 15 June, as part of intensified safety protocols post-accident.

National Technology Day: India targets $500 billion revenue from tech industry by 2030

Economic Times

Economic Times · 3m ago

National Technology Day: India targets $500 billion revenue from tech industry by 2030

India’s technology sector aims to achieve $500 billion in revenue by 2030, propelled by strategic investments in AI, cloud, and cybersecurity. With a workforce expected to reach 5.8 million by FY25, and key growth driven by strong global demand and expansion in various sectors, the industry is on track to contribute 10% of India’s GDP. Government initiatives and private investments further bolster the sector’s potential, marking a significant leap in India’s digital transformation.

Accounting firm RSM's American unit to double India workforce by 2027

VCCircle

VCCircle · 1y ago

Accounting firm RSM's American unit to double India workforce by 2027

RSM's American unit plans to expand its workforce in India from 2,000 to 5,000 employees over the next three years. The expansion is driven by the availability of superior talent in the Indian market and the country's evolution into a high-value innovation hub. RSM, along with other major accounting firms, operates global capability centres (GCCs) in India to support their global operations. It is expected that GCCs will contribute significantly to India's GDP by 2030. RSM's India team is also involved in developing AI-powered tools for improving customer efficiency.

Meity secretary calls for greater collaboration among govt, industry, academia - The Economic Times

Economic Times

Economic Times · 1m ago

Meity secretary calls for greater collaboration among govt, industry, academia - The Economic Times

Meity Secretary S. Krishnan emphasized the necessity for collaboration between government, industry, and academia to advance India’s technology sector. Highlighting China's DeepSeek AI model, he advocated partnerships like the TCS and C-DAC's sovereign cloud initiative and joint research on 2D materials. Speaking at TecVerse, he underscored leveraging existing models for innovation rather than greenfield research, and noted initiatives utilizing Meity-funded R&D resources across various governmental sectors to boost technological evolution.

Bengaluru techies are not even earning one-tenth of Silicon Valley salaries, AI may worsen the gap further

Economic Times

Economic Times · 1m ago

Bengaluru techies are not even earning one-tenth of Silicon Valley salaries, AI may worsen the gap further

Bengaluru, India’s tech capital, offers highly cost-effective software talent, with average salaries at $12,000 annually, about one-tenth of Silicon Valley's $125,000. Despite lower pay compared to other global cities, Bengaluru remains attractive to global tech firms due to its skilled workforce and competitive costs. However, the global tech job market's shift towards AI-driven automation and cost pressures post-pandemic is affecting job structures, with companies like Amazon and Microsoft initiating workforce reductions.

Here’s why AI search engines really can’t kill Google

The Verge

The Verge · 1y ago

Here’s why AI search engines really can’t kill Google

AI-powered search engines are being touted as the future of search, with companies like Perplexity and You.com claiming to be the next-gen search products. However, the real question is not only how well these search engines can find information but also how well they can handle various types of queries that users typically have. When it comes to navigation queries, AI search engines struggle to provide immediate and accurate results compared to Google. For information queries, AI search engines vary in their performance, with Google often providing faster and more reliable results. In terms of exploration queries, AI search engines can shine by providing more in-depth and synthesized answers with helpful citations. However, when it comes to queries like "what to watch," Google's specific page design and curated recommendations surpass the capabilities of AI bots. Overall, while AI-powered search engines show promise in certain areas, they still have a long way to go in replicating the comprehensive and efficient search experience that Google provides.

Silicon Valley's embedUR Systems set to invest Rs 500 crores in Chennai

Economic Times

Economic Times · 1y ago

Silicon Valley's embedUR Systems set to invest Rs 500 crores in Chennai

Silicon Valley-based embedded technology company, embedUR Systems, has announced plans to invest INR 500 crores in Chennai over the next five years. The company aims to make Chennai a global hub for embedded systems, leveraging the availability of engineering talent and strategic geographical positioning. With the increasing demand for embedded technologies across industries and the evolution of new technologies like cloud/AI, embedUR Systems sees great potential in the Indian and Asian markets. The company plans to strengthen its expertise in AI and edge computing, expand its infrastructure, and increase its workforce in Chennai.

What is good for India is good for Reliance, says Mukesh Ambani; read RIL Chairman's full letter to shareholders

Economic Times

Economic Times · 2d ago

What is good for India is good for Reliance, says Mukesh Ambani; read RIL Chairman's full letter to shareholders

Mukesh Ambani, Chairman of Reliance Industries, highlighted the company’s evolution into a globally admired enterprise that embodies India’s entrepreneurial spirit in a letter to shareholders. He emphasized Reliance's commitment to integrating next-generation technologies across its diverse portfolio, including energy, retail, and digital services. Ambani lauded India’s economic resilience and emphasized Reliance’s role as a technology-driven enabler of inclusive growth. Despite global challenges, Reliance achieved robust financial performance and expansion, marking its commitment to innovation and national progress.

Evolution Equity Partners raises $1.1B for new cybersecurity and AI fund

TechCrunch · 1y ago

Evolution Equity Partners raises $1.1B for new cybersecurity and AI fund

Evolution Equity Partners has launched a $1.1 billion cybersecurity and AI fund, dubbed Evolution Technology Fund III. The oversubscribed fund will invest in cybersecurity firms and startups leveraging machine learning and AI to build "market-leading" platforms. The fund aims to back up to 30 companies across different stages of maturity, with a focus on early-growth-stage companies. Evolution will provide support and insights to portfolio companies in areas such as sales, marketing, and M&A. The firm is committed to integrating environmental, social, and governance criteria in its investment processes.

Nasscom anticipates more layoffs across IT services industry in the near term - The Economic Times

Economic Times

Economic Times · 10d ago

Nasscom anticipates more layoffs across IT services industry in the near term - The Economic Times

Nasscom anticipates job cuts in India’s IT sector as AI and automation reshape services, with TCS recently announcing 12,000 layoffs. The shift towards product-aligned delivery models and the demand for agility and innovation are driving this change. Reskilling is crucial, with over 1.5 million professionals trained in AI. The future will favor specialized, deep-domain skills, highlighting the need for workforce transformation to adapt to evolving client expectations and technological advancements.

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