India leads the global AI stage in talent and domain skills. Image: Shutterstock
India leads the global AI stage in talent and domain skills, putting it on a strong footing in the transformative era of Artificial Intelligence, Nasscom’s new president Sindhu Gangadharan said, stating that this is “the best time.” to be in India,” particularly for those in the technology sector.
In a wide-ranging interview with PTI, Gangadharan addressed several key issues, from the importance of mental and social well-being in the workplace to the economic impact of AI and GenAI, and sought to allay concerns about intelligence displacement artificial (AI). jobs.
Click here to connect with us on WhatsApp
He highlighted the need for organizations to give high priority to the physical and mental well-being of their workforce and make it part of their organizational culture, through policies, practices and interest groups.
Gangadharan’s comment assumes importance in the context of the tragic death of a young employee of one of the prominent consulting firms that sparked protests on social media and triggered intense debate in corporate India over high stress in workplaces. of work.
Gangadharan also spoke about India’s growing influence as the “GCC global capital”, the nation’s proven strengths in AI skills and talents, and emphasized that he is “optimistic and bullish” about the future of the Indian tech industry.
“India has been very clear about its strengths, how we lead the charge when it comes to technology, and it has also demonstrated that… (but) we can’t rest on our laurels. It’s really up to us.” “I am very bullish and optimistic about the Indian technology industry,” he said when asked about the challenges he foresees in the short and medium term for India’s IT sector, valued at more than $254 billion. , including the impact, if any, of the results of the US elections.
Gangadharan, who was appointed as the new president of Nasscom in August this year, is also the force behind SAP Labs India in her role as CEO of German software maker SAP’s largest R&D center outside its headquarters.
To a question about widespread fears about AI leading to job losses in the IT industry, he said the productivity gains unlocked by new-age technologies will surely drive greater innovation and allow people to focus. in solving more critical problems.
Citing the transformative impact of AI, he said India will continue to be the place where companies look for “talent to help them navigate those transformations.”
“So I don’t see it as a displacement (of jobs). With all the productivity gains, each user can focus even more on their core competencies,” he said.
Underlining India’s growing prominence in the global technology landscape, he noted that the country has emerged as the global capital of the GCC.
“That’s a huge area of focus that we will continue to have,” he said, adding that the story of India’s Global Capability Centers (GCCs) is one of “phenomenal growth” and would involve more hiring at as the number of such centers increases in the country.
“Today, if you look at the number of GCCs in India, we are talking about almost 1,200 GCCs, and that number is only about to grow to over 2,200 right now, which means that also the talent that these GCC hiring is also going to grow significantly,” Gangadharan said.
India leads the world in AI talent and skills, positioning it strongly in the dynamic global AI landscape.
“If I look at it just from India’s perspective, I think we can be very proud of the fact that we are number one when it comes to AI talent, number one when it comes to AI skill penetration. ..it’s something that we clearly have an advantage in…if we focus correctly on making sure that our talent is up to date when it comes to also having that good mix of technology and domain skills and being able to solve problems the way right, we definitely have the opportunity to do even more,” he said.
About 16 per cent of the world’s AI talent comes from India, he said, adding that one of the big priority areas for Nasscom would be close collaboration between industry, academia and government to ensure “robust training programmes.” .
At the same time, the IT association will continue to focus on engineering research and development, creating intellectual property from India to the world, as well as growing startups here, he said.
Generative AI is changing the way businesses operate, generating new business models and customer experiences.
“Literally everything is changing because of the power of technology. Today, you can move through large data sets and really be able to zoom into very specific context and guide the user to make decisions very quickly. Also, if only “The economic impact that AI is estimated to have in three years, we’re talking about almost $3.5 to $4 trillion of economic value that will be added, and I think it’s huge,” he said.
These absolute numbers underscore the “transformative power of AI,” he noted.
(Only the title and image of this report may have been modified by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: September 29, 2024 | 15:07 IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.