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India ranks third in implementing robotic automation

Admin| Aug 31, 2016 - 10:45 AM

India ranks third in implementing robotic automation

India ranks third in the world in implementing robotic automation in their core business processes. A majority of financial leaders are of the opinion that artificial intelligence helps enhance efficiency and accuracy of the business, according to Chartered

Institute of Management Accountants, (CIMA). CIMA is an UK based organisation that conducted the global survey across European, African and Asian countries.

At a global level, Zimbabwe tops the chart with (75%) professionals ......

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Ola lays off 700 employees, shuts down Taxi For Sure business

Admin| Aug 17, 2016 - 11:19 AM

Ola lays off 700 employees, shuts down Taxi For Sure business

BENGALURU: Ola has shut down its Taxi ­For Sure business and has laid off 700 employees, according to three people directly aware of the developments at India’s largest cab
aggregator.

The move comes nearly a year and half after Ola acquired its cross town rival Taxi For Sure for $200 million to gain market leadership against rival Uber, the most ­valuable startup in the world. Since the acquisition, Ola has been shutting down Taxi For Sure as an independent brand a......

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Automation to replace lakhs of entry, mid¬level IT execs: TVMohandas Pai

Admin| Aug 02, 2016 - 11:13 AM

Automation to replace lakhs of entry, mid¬level IT execs: TVMohandas Pai

HYDERABAD: Increasing automation would shave off 10 per cent of incremental jobs in India’s IT sector each year even as half of middle­-level managers would also bear the brunt in the era of artificial intelligence, says industry veteran T V Mohandas Pai.

“I think in the IT sector, may be 10 per cent minimum of incremental jobs that are created will disappear. That means every year if they do (create) 2 to 2.5 lakh jobs, 25,000­-50,000 jobs will disappear,” said t......

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Automation, digitisation to affect careers, impact job security

Admin| Jul 25, 2016 - 10:00 AM

Automation, digitisation to affect careers, impact job security

NEW DELHI: Rapid technological advancements like automation and digital technologies are set to affect careers of professionals in the coming years and will have a significant impact on job security, a report said.

According to Simplilearn’s State of India Technology Skills Report, that compiled inputs from over 9,200 mid­-level IT/ITeS professionals, over 60 per cent believe that rapid technology advancements are set to impact their careers by 2017­-18.

The World Economic Forum h......

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Hiring in Auto Inc expected to remain below 5% in FY 2017

Admin| May 23, 2016 - 01:05 PM

Employment generation in the automobile industry in fiscal year 2017 is expected to see subdued growth compared to financial year 2016, ETAuto Business Sentiment Survey 2017 suggests. 

Hiring for FY 2017 is expected to stay in low single digits of 0-5 percent in most areas like shopfloor, R&D, sales & marketing and different levels like mid-level and top management. 

The ETAuto Business Sentiment Survey 2017 saw participation of nearly 1004 people from across various segments......

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