Page 5 - Nasscom

77% of Gen Z students shows interest in technology industry: Report

The technology industry in India continues to draw Gen Z students with 77 per cent of them showing interest towards the sector, a report by Nasscom-Indeed said. Millennials and Gen Zs constitute around 90 per cent of the tech workforce in India enabling higher generational diversity and driving a shift in preferences. "Learning and Growth and Culture and Ethics are the top criteria for both Millennials and Gen Z when selecting an organisation, highlighting the employers' continued focus on skilling and upskilling to navigate the current work environment and develop their desired career paths," the Nasscom-Indeed Future of Work report 2024, which was released on Monday, said. "The technology industry in India continues to be the industry of choice for Gen Z students with 77 per cent... showing interest towards the industry," it said. The survey by Nasscom and Indeed involved 185 employers and over 2,500 individuals from current and future workforces. As much as 84 per cent of ...

Poaching Row: Nasscom chairperson Nambiar says no impact on industry

Amid employee poaching allegations levelled by two domestic IT firms, Nasscom Chairperson Rajesh Nambiar said the issue has not impacted the industry's business and operations. Nambiar refused to be drawn into specifics of the matter but said if companies want to enforce contracts they have with employees, "it is certainly their prerogative". He, however, said that there cannot be a broader industry-wide norm on non-poaching. "There is not going to be a broader industry-wide norm saying you can't hire from each other...because this industry was built by talent moving from one company to the other, so there should not be any issue in terms of having the right flow, as long as it is done within the broader framework of how the employment contracts work." The issue has not impacted Cognizant, he asserted, when asked if the pitched battle has affected the company. "It does not affect us at all. None of this has affected us. As in, if you are talking about Cognizant, I don't think ther

Former TCS executive director Phiroz Vandrevala passes away at 70

Vandrevala joined TCS in 1982 and served as a key part of the leadership team over the decades, including serving as Executive Director of the company between 2007-2016

Regulations, industry collaborations needed to fix deepfake issue: Nasscom

Tackling the deepfake issue will require regulations and close industry collaboration as there is no silver bullet for it, Nasscom Chairperson Rajesh Nambiar has said, terming it a "real concern", especially in a year when several countries are going for polls. In an interview with PTI, the Nasscom chief also talked about continued concerns over macro headwinds while pointing out that "green shoots" and "clear pockets" of demand emerging in areas like generative AI. Highlighting that technology has moved from being an enabler to being at the centre of every business, Nambiar, who is also chairman and managing director of Cognizant India, said companies will have no choice but to invest in technology going forward. Nambiar, who took over as the chairperson of apex IT industry body Nasscom in September 2023, termed deepfakes "a real concern". "Deepfakes are a real concern, especially when you look at half of the world's population going into elections in 2024. That is a big number, i

Future check for Indian startups: 70% see demand for AI solutions

Startups see investments coming for deep tech, a term used for businesses that develop new offerings based on tangible engineering innovation or scientific discoveries

60% of businesses in India embrace responsible AI practices: Nasscom

Responsible AI refers to the deployment and use of artificial intelligence technology in an ethical and safe manner

Indian businesses gearing up for responsible AI adoption: Nasscom

Nearly 60 per cent of businesses surveyed reported having either matured Responsible AI (RAI) practices and policies or having initiated formal steps towards adoption of such responsible practices, according to a report by industry body Nasscom. About 30 per cent reported having basic awareness of RAI imperatives without a formal strategy or framework, the report said citing the early insights on the state of RAI in India. Based on analysis of the data collected through a survey of over 500 senior executives from across large enterprises, SMEs and startups engaged in the commercial development and/or use of AI (Artificial Intelligence) in India, the report offers a glimpse into the beliefs and perceptions of the tech industry about its key strengths and areas for improvement when it comes to compliance with the benchmarks for RAI adoption. The rising need for RAI among AI users and stakeholders is compelling industry leaders to invest in advanced RAI tools and strategies while ...

Cognizant gears up to advance women in leadership with new programme

In India, nearly 40 per cent of Cognizant's associates are women, compared to the IT industry gender diversity average of 36 per cent

Govt gearing up to launch India AI Programme soon: Rajeev Chandrasekhar

The India AI programme will take the focus of the tech and startup ecosystem on real-life use cases in agriculture, security and governance, said the union minister at the Nasscom Future Forge event

Imaging satellites to AI healthcare: Nasscom recognises India's tech cos

The aim of these deep tech startups is to solve some of the world's most pressing challenges and address critical global issues

ER&D software firms navigate Q2 bends with growth arrows in sight

BCG and Nasscom's signposts point to 8-9% annual growth through 2030, India's share to take express lane

India's share to Global ER&D sourcing to rise to 22% by 2030: Report

Worldwide, ER&D spending is likely to grow at a rate of 8-9 per cent CAGR from 2023 to 2030 due to stability in the market

Digital public infra approach can unlock value in space sector: Report

Digital public infrastructure-led approach for the downstream spacetech segment can unlock immense value and contribute to India emerging as a global leader in the sector, a global consultancy firm said in a report on Tuesday. The report titled Exploring opportunities for Indian downstream spacetech' authored by Deloitte, Nasscom and Indian Space Association (ISpA) said the downstream spacetech sector has the potential to deliver value-added and scalable solutions to domestic and global markets and made a strong pitch for collaboration by the private sector and the government. The report listed out three core satellite applications areas Remote Sensing/Earth Observation; Positioning, Navigation and Timing (PNT); and Satellite Communication (SATCOM) and identified more than 200 use cases. "Digital public goods and digital public infrastructure (DPI) led approach for this segment can unlock immense value. The approach can become value-accretive and bring the dream of ...

The AI dilemma: Is there a right balance between regulation and innovation?

The key to harnessing AI's potential for economic growth lies striking the right balance that ensures that AI continues to drive economic progress while safeguarding against potential risks

Meesho makes platform non-GST inclusive to attract millions of new sellers

This move will potentially unlock 15-20 million sellers in historically under-penetrated states for the company

Annual registration required for IT hardware importers under new system

This policy change comes against the backdrop of proposed import curbs on laptops and IT hardware, slated to take effect from 1 November

Global capability centres go beyond Tier-I cities, chasing cost and talent

India had a total of 1,580 GCCs with a talent base of 1.66 million as of FY23, according to the latest Nasscom-Zinnov report

SAP Labs India's Sindhu Gangadharan appointed as Nasscom vice-chairperson

Earlier this year, Gangadharan was appointed as chairperson of the Nasscom GCC Council for the financial year 2023 to 2025

Nasscom appoints SAP Lab's MD, Sindhu Gangadharan as vice chairperson

Sindhu was appointed as Chairperson of the Nasscom GCC Council 2023-25 earlier this year

Nasscom appoints Cognizant chairman, MD Rajesh Nambiar as new chairperson

Nambiar has previously served as the Vice Chairperson of Nasscom and will succeed Anant Maheshwari, Former President, of Microsoft India as its new chairperson