1.
Empowering future-ready leaders at
Bajaj Energy
In an exclusive conversation with Mohit Saxena of Bajaj Energy
and Minaxi Indra of upGrad for Business, we dive into what it takes to build
future-ready, progressive and impactful leaders. As we embrace the dynamic
business landscape, a strong leadership bench will be critical to achieving
talent retention, employee engagement and productivity. Recognising this, Bajaj
Energy joined hands with upGrad for Business and launched its Future
Leadership Program. The goal was to empower their successors to manage
people, groom teams, motivate peak performance and lead with empathy.
This called for strategic interventions that reimagined learning
programs by creating an ecosystem where high-potential employees could grow and
thrive. Instilling a sense of belonging while building career-competency paths
was critical to circumvent the fear of skills obsolescence, one of the central
themes of our exclusive one-of-a-kind multimedia flipbook in partnership with
upGrad for Business, Amplifying Growth, Achieving Impact: Customer Success
Stories.
.
2.
Union Budget 2023: What
do we need to “Make AI in India” and "Make AI Work for India”?
Industry
experts are excited about the government’s pitch to promote artificial
intelligence, calling it a “strong step”. However, some say more quick measures
are needed to realise the ambitious goals.
The government is
opening floodgates of new opportunities in Artificial Intelligence (AI) and
robotics with the tabling of Union Budget 2023, which promises to usher in a
new era for professionals.
In her budget speech
in Parliament on Wednesday Finance Minister Nirmala Sitharaman said for
realising the vision of “Make AI in India and Make AI work for India”, three
centres of excellence (CoEs) for AI will be set up in top educational
institutions.
“Leading industry
players will partner in conducting interdisciplinary research, develop
cutting-edge applications and scalable problem solutions in the areas of
agriculture, health, and sustainable cities. This will galvanise an effective
AI ecosystem and nurture quality human resources in the field,” she added.
Sitharaman further
added that to unleash innovation and research by start-ups and academia, a
National Data Governance Policy will be brought out. This will enable access to
anonymised data.
Industry experts say
the pitch to promote AI is a strong step by the government. However, more quick
measures are needed to realise the ambitious goals of "Make AI in
India" and "Make AI Work for India".
Sandeep Dutta, Chief
Practice Officer - APAC region at AI firm Fractal, said India is sitting on a
unique opportunity to become the AI powerhouse for the world - "we have the
demographic dividend of a growing young workforce and are already at the
cutting edge of AI with the third rank in AI-related publications
globally."
3.
The
future of work: A shift towards soft skills and constant upskilling
As the
global economy becomes increasingly connected, the demand for language and
communication skills is growing rapidly. Technical skills and
practical expertise are exceedingly valuable traits for any professional
candidate to possess. Highly trained technical professionals are, after all,
challenging to come by. These candidates are the foundation of any successful
business. Over 400 companies with 100,000 employees each, cited an average loss
of $62.4 million per year because of inadequate communication with clients and
between employees, in a Holmes report. Miscommunication reportedly costs
even smaller companies of 100 employees an average of $420,000 per year.
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