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News on Medial
You just need to upskill quicker at AI-linked jobs: Report
Economic Times
·
1m ago
Medial
A PwC report highlights that skills needed by employers change 66% faster in AI-exposed jobs compared to those less exposed. AI-driven industries like software publishing see higher revenue per employee growth. The demand for AI-skilled workers is rising fastest in information and communication, professional, and financial services. Despite an overall job growth, keyboard clerks and ICT professionals are exceptions. The AI era focuses on upskilling as industries increasingly centralize around digital economies.
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Adoption of AI and automation will require 16.2 million Indian workers to upskill by 2027
Money Control
·
1y ago
Medial
According to a research report by ServiceNow and Pearson, India will need 16.2 million workers to reskill and upskill due to the increasing adoption of AI and automation by enterprises. The report also predicts the creation of around 4.7 million new tech jobs in India by 2027. Sectors such as manufacturing, agriculture, and retail will witness the highest demand for skilled workers, while Bengaluru is leading the demand for tech talent. Additionally, the report suggests that even non-tech workers can be reskilled to meet the needs of the tech industry.
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Technology won't replace workforce, assures Labour Minister Mandaviya - The Economic Times
Economic Times
·
10d ago
Medial
Union Minister Mansukh Mandaviya reassured that AI and technology won't threaten India's workforce, emphasizing human operators' indispensable role. At a global summit in Geneva, he dismissed concerns about job displacement due to technology, arguing it will create new opportunities. He highlighted the need for industries to adapt and integrate new developments. Mandaviya also mentioned the government's Employment Linked Incentive scheme aimed at generating jobs, affirming that human involvement remains crucial in the technological landscape.
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Can AI speed up work without losing insight?
Inshorts
·
3m ago
Medial
Generative AI brings incredible speed, but consulting isn't just about speed. The challenge is keeping strategic depth while using AI to accelerate delivery. Great consultants will balance AI's velocity with human reasoning, ensuring that faster doesn't mean shallower. It's not just about quicker slides, it's about better decisions, made faster.
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The evolution of cybersecurity in the age of generative AI
Techradar
·
1y ago
Medial
Artificial Intelligence (AI) is transforming industries, including cybersecurity, but it also presents risks. Malicious Generative AI models can be used for attacks, making automation cheaper and quicker. AI can aid in social engineering, creating realistic emails for phishing and deepfake videos. Polymorphic malware, which constantly changes to evade detection, is also a concern. To combat these challenges, organizations must leverage AI tools for threat detection, enhancing their existing security capabilities. However, it's important to choose the right AI-driven security solutions and upskill IT professionals to stay ahead of evolving AI threats. Regular assessments and adaptation are key to mitigate AI-driven cyber threats effectively.
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Apple's Indian ecosystem employs over 1,50,000 people after PLI scheme: Report
Livemint
·
1y ago
Medial
According to a report by Economic Times, Apple has created around 150,000 jobs in India through its participation in the country's production-linked incentive (PLI) scheme for smartphones. These jobs primarily consist of first-time job seekers aged between 19 and 24 years. Additionally, the report stated that approximately 300,000 indirect jobs were also generated through companies benefiting from the PLI scheme. Apple's focus on India, the second-largest smartphone market globally, has led to the expansion of local production and the development of a robust supplier ecosystem, which has further created thousands of direct jobs.
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Fiverr CEO reveals 8 jobs AI may kill off, Including his own
YourStory
·
2m ago
Medial
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.
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PLI scheme for auto sector sees investment proposals worth Rs 67,690 Cr: Eco Survey
YourStory
·
1y ago
Medial
The production linked incentive (PLI) scheme in the automobile and auto components sector has attracted proposed investments of Rs 67,690 crore, according to the Economic Survey 2023-24. By March 2024, a capital of Rs 14,043 crore has been invested, generating 28,884 jobs. So far, 85 applicants have received approval under the scheme, which has a budgetary outlay of Rs 25,938 crore from FY23 to FY27. The survey also highlighted a moderate growth in the domestic production and consumption of automotive parts in recent years, with passenger vehicles rebounding quicker from the pandemic than other segments.
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Startup Lingo – 101 Terms You Need to Know (From A to Z)
Internet
·
3m ago
Medial
Whether you're building on your first startup idea or are a seasoned entrepreneur, there's a good chance you will come across a startup term or phrase you're either unsure of or just need to double-check. We are here to get you up to speed and help decipher all things startup. This definitive word list has everything you need to know to help you on your startup journey. Have this list with you, and you'll always have a reference to be on top of all the jibberish startup lingo 🚀
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Started with ₹30000, Odisha founder built a ₹10 cr edtech venture
Inshorts
·
2m ago
Medial
To upskill Indians, an Odisha entrepreneur quit a ₹7–8 LPA job to start Skyy Skill Academy in 2018 with ₹30,000. The edtech has trained 2 lakh+ students via various modes, placed 800+ in jobs, and generated ₹10 crore in revenue. Now aims for ₹25 crore by 2025, plans for COEs and a Skill University.
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AI could create 78 million more jobs than it eliminates by 2030—report
Arstechnica
·
6m ago
Medial
The World Economic Forum's Future of Jobs Report 2025 predicts AI will create 170 million jobs while eliminating 92 million by 2030, leading to a net gain of 78 million jobs. Businesses anticipate hiring AI-skilled talent, despite planning workforce reductions. AI and big data expertise, cybersecurity, and technological literacy are top skills in demand. Certain jobs, like postal clerks and graphic designers, may decline due to AI. Human-machine collaboration and retraining programs are expected to shape the future workplace.
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