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Skill gap in workforce, AI advancements make cyber attacks more threatening in India

Economic Times

Economic Times · 1y ago

Skill gap in workforce, AI advancements make cyber attacks more threatening in India

The demand for cyber security professionals is set to boom in India as the country grapples with a rise in cyber attacks. The industry currently faces a 30% supply gap, with projections indicating a need for one million professionals by 2025. Companies are incorporating artificial intelligence (AI) to enhance cyber security efforts and bridge the skills gap. The most sought-after skills in the field include cloud security, threat intelligence, incident response and management, ethical hacking, and data security. Companies are expanding their search for talent beyond domestic markets and investing in skilling initiatives to meet the growing demand.

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Databricks announces plans to invest over $250 million in India

Inshorts · 4m ago

Databricks announces plans to invest over $250 million in India

Databricks has announced that it is going to invest over $250 million in India over the next three years. The funding will be used to strengthen its presence in the country through research and development, workforce expansion, and a new education initiative aimed at closing the AI skill gap.

AI is 'Augmented Intelligence' For India's Workforce, Says Union Minister Jayant Chaudhary

OutlookIndia

OutlookIndia · 6m ago

AI is 'Augmented Intelligence' For India's Workforce, Says Union Minister Jayant Chaudhary

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Edtech firm Techmaghi bags Rs 20 lakh startup seed fund

Economic Times

Economic Times · 1y ago

Edtech firm Techmaghi bags Rs 20 lakh startup seed fund

Edtech firm Techmaghi has secured a funding of Rs 20 lakh from startup-supporting LJ Knowledge Foundation. The partnership aims to bridge the gap between industries and educational institutions by offering up-skilling courses to meet the demands of the modern workforce. Techmaghi has trained over 75,000 students and generated a revenue of more than Rs 2 crore since its launch in 2021. The funding will enable the company to expand its educational offerings and make a significant impact on education and skill development.

State-sponsored cyberattacks against India up 278% in three years

Economic Times

Economic Times · 1y ago

State-sponsored cyberattacks against India up 278% in three years

According to a report by cybersecurity firm Cyfirma, state-sponsored cyber attacks against India have increased by 278% between 2021 and September 2023. Government agencies saw a rise of 460% in targeted cyber attacks, while startups and SMEs experienced a 508% increase. India is facing a higher proportion of foreign state-influenced cyber attacks compared to the global average, with 72% of cyber attacks in the country being state-sponsored. The report also revealed that services companies, manufacturing, healthcare, education, and retail were the most targeted sectors.

NSDC International and edtech PhysicWallah launch ‘BIG initiative’ for education

Economic Times

Economic Times · 8m ago

NSDC International and edtech PhysicWallah launch ‘BIG initiative’ for education

The National Skill Development Corporation (NSDC) International has launched the Bharat Innovation Global Private Limited (BIG) initiative in collaboration with edtech startup PhysicsWallah. The aim of the program is to develop India into a global education hub by bridging the gap between education and employability through flexible, technology-driven learning pathways. The initiative will provide skill training to students in grades 11 and 12, as well as ITI and Polytechnic learners, university students, working professionals, and government sector employees. The partnership with NSDCI aims to make the educational landscape more inclusive by integrating AI-driven career guidance, gamification, adaptive learning tools, and secure Learning Management System platforms.

Skill-Based Hiring: Bridging The Gap Between Recruitment & Career Advancement

Inc42 · 1y ago

Skill-Based Hiring: Bridging The Gap Between Recruitment & Career Advancement

Skill-based hiring is a hiring approach that prioritizes a candidate's specific abilities and competencies over traditional credentials like experience or academic degrees. It promotes diversity by valuing different backgrounds and career trajectories. By focusing on skills, companies can create a more flexible and competent workforce, closing the gap between hiring and career advancement.

AI advances risk facilitating cyber crime, top US officials say

Reuters · 1y ago

AI advances risk facilitating cyber crime, top US officials say

Top U.S. law enforcement and intelligence officials have warned that advances in artificial intelligence (AI) could make hacking, scamming, and money laundering more accessible and effective. The ease of using AI to guide hacking operations is enabling less technically capable individuals to carry out cyber intrusions, while AI-generated messages and "deepfake" images could aid in financial scams and money laundering. However, the officials also noted that AI advancements are helping authorities detect and address malicious activities.

Fiverr CEO reveals 8 jobs AI may kill off, Including his own

YourStory

YourStory · 3m ago

Fiverr CEO reveals 8 jobs AI may kill off, Including his own

Fiverr CEO Micha Kaufman warns that AI could substantially disrupt white-collar jobs, including roles like programmers, designers, and even CEOs, due to advancements in large language models and generative AI. He urges employees to upskill in AI technologies, highlighting emerging roles like prompt engineering for future relevance. This aligns with global trends anticipating significant skill changes by 2028. However, companies face mixed results, with some regretting workforce shifts to AI due to planning and infrastructure issues.

Integration of AI-centric subjects into curriculum imperative: Ajeenkya Patil

Livemint

Livemint · 1y ago

Integration of AI-centric subjects into curriculum imperative: Ajeenkya Patil

In an interview, Dr. Ajeenkya DY Patil, the chairman of Ajeenkya DY Patil Group, shares insights on the future of the education sector and the integration of skill development education. He discusses the importance of technological advancements, personalized learning, and soft skills in preparing students for the transformed workforce. Dr. Patil also highlights the shift towards digital learning and its impact on the quality of education. He emphasizes the role of events like 'Young Chef Young Waiter' in nurturing aspiring hospitality students and bridging the gap between education and industry. Lastly, he discusses the long-term impact of the COVID-19 pandemic on students' approach to education and career choices, as well as strategies for building an adaptable workforce in the hospitality sector.

Tech companies roll up sleeves to get more women into STEM jobs

Economic Times

Economic Times · 1y ago

Tech companies roll up sleeves to get more women into STEM jobs

Indian tech companies such as Accenture, Cisco, HCL Tech, Uber, and Flipkart are taking measures to increase female representation in their tech workforce. Initiatives include reaching out to Tier-2 and Tier-3 cities for talent, implementing inclusive AI-powered skill-based hiring practices, mentoring and career development programs, and returnship programs. These efforts aim to bridge the gender gap in STEM fields, as women currently represent only 27% of India's STEM workforce. Diverse teams are believed to enhance employee engagement, productivity, problem-solving capabilities, and bring fresh approaches to business challenges.

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