What’s happening? Where is it happening? How is it happening?
Presenting UpGrad Trends to Tend where we talk about news, views, and opinions across the data, digital & tech industry.
A recent study by Capgemini Research Institute suggests that there is a 17% increase in AI deployment in the Retail sector. AI adoption has increased sevenfold from 2016 making it 28% today. Despite the widespread enthusiasm in the AI technology among sectors, only one percent of retailers have scaled AI adoption. If able to scale the existing deployment, AI opportunities in retail can exceed up to $300 billion.
Business Standard reported that according to a new policy from the government, flash sales and deep discounts issued by e-commerce giants like Flipkart and Amazon would be brought to an end. These rules come from the new foreign direct investment (FDI) which bans the e-commerce sites from selling products from companies they have an equity interest in. They are also forbidden to enter into any exclusive agreements with the seller.
From a recent article by The Economist, when a new good produces a sizeable profit, antitrust regulators hold back those who control its flow. Such is the case of Data which is regarded as the oil of Digital era for being the most valuable resource. The dominance of the top listed firms in the world in terms of generating data are raising their concerns. Researchers and tech giants have understood the importance of this data and have started hunting people who can handle, explore and utilize this data.
According to past enrollment data by upGrad, Blockchain and Data Analytics has emerged as the most popular skills of 2019 despite a recent layoff in the IT industry. Employment opportunities in Tech are expected to increase by 12% by the year 2020. The blockchain is accounted to almost 200% increase in job growth rate with a double salary hike. Data Science market has been predicted to become a 230 billion dollar market by 2020.
According to the latest report by Analytics India, Central Board Of Secondary Education(CBSE) has decided to include AI as a skill subject in the curriculum of students of class 8, 9 and 10. It is an attempt to prepare the students to stay updated with the upcoming technologies which are fast-growing and highly demanded in the industries today. The subject would be optional for the students.
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