Aiming for market disruption with your artificial intelligence (AI) solution? Spoiler alert!
There is less than just a handful 10,000 number of specialized talent in AI in the entire world. Baffled? The war for AI talent, henceforth, would be ruthless enough to easily dwarf the challenge for spotting good software engineers. As it happens, you know that machine thinking has begun to usurp human thinking. Despite India’s global dominance in offering cheap engineering talent at scale, young AI companies in India are looking for alternate ways to suck in what’s available.
A mid-year 2017 survey by recruitment platform Belong. co tries to read between the lines and throws up some startling numbers. Particularly for data scientists wherein the essence of AI skills lies - ranked 0.8 on Belong’s talent supply index. This, as per Belong, indicates of only 800 data scientists available for 1,000 data scientist opportunities, which means significant mismatch in demand and supply of AI talent in the country. The other two figures that drives home the point of talent crunch includes just four percent tech talent with expertise in deep learning and neural networks system and “less than two percent having a PhD degree in AI-related technologies,” says Belong. And to develop great AI products, that’s how premium talent and expertise should be - both quite scarce in India.
Another Way Out
Globally, all good AI talent goes to the big four - Amazon, Google, Microsoft, Facebook that includes inbound hiring, hiring from colleges, poaching it from each other and rest of the big tech companies, and acquihiring young companies. For e.g., Google acquired Bengaluru-based AI start-up Halli Labs in July this year and Hyderabad based TupleJump acquired by Apple last year. Other big and small tech companies are left to pick from people who have basic understanding in deep learning with requisite math skills and then groom them over few months through training and development.
Denne historien er fra December 2017-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2017-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
