With over 6,000 Artificial Intelligence and 60 Generative AI start-ups, India is poised to become an AI hub in the future. Government initiatives such as the IndiaAI Mission, the National AI portal, AI for India 2.0, and the US-India AI Initiative are aiming to ensure this goal is accomplished.
The Information and Technology (IT) industry was estimated to have employed 5.43 million professionals as of March 2023, while 25,237 students passed from 23 branches of Indian Institutes of Technology alone in 2023.
Despite all the intellectual prowess available in the country, investors and founders find the quality of AI-skilled talent challenging. The concern is aggravated due to the prolonged practice of top IT professionals moving overseas. "We need more AI researchers. Where are they going to come from? ... 20 per cent of the global AI researchers are of Indian origin, and we should bring them back. Most of them are in the US, but we should bring them back the way China did over the past 15 years," said Rajan Anandan, managing director, Peak XV at the Global IndiaAI summit.
According to a Deloitte India and Nasscom report, the demand for Indian AI talent is projected to grow from 600,000–650,000 to more than 1,250,000 by 2027. However, apart from reclaiming the talent abroad, there is a need to improve the quality of these professionals to meet the demand.
THE PRESENT SCENARIO
Bu hikaye Entrepreneur magazine dergisinin October 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Entrepreneur magazine dergisinin October 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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.
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.
