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AI Training Now a Priority for At Least 50% of Enterprises; Expanding Initiatives to Business and Support Teams Reveals Great Learning’s Report

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4 months ago

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Four out of five companies experienced reduced hiring costs in FY24 due to effective internal talent development64% focused on developing emerging skills in early-career professionals to drive business growthLooking ahead, organisations are continuing to prioritise training in Artificial Intelligence, Data Science, and Cyber Security, reflecting the ongoing demand for these critical skills

BANGLORE, India, Sept. 16, 2024 /PRNewswire/ — Great Learning (GL), a leading global edtech company for higher education and professional training, has released the “Workforce Skills Evolution Report 2024-25”. Based on trends observed among Great Learning’s client partners across various sectors and insights from a survey of over 100 learning and development (L&D) and business unit heads, this report offers a comprehensive look at key training trends and forecasts for FY25. It synthesises these insights to illustrate how organisations plan to harness talent development to drive growth, foster innovation, and build a sustainable competitive advantage.

GENERATIVE AI TRAINING REQUIREMENTS FOR ORGANISATIONS TO EXPAND BEYOND TECHNICAL ROLES IN FY25

Interest in Generative AI surged across sectors in FY24, driven by its potential to enhance decision-making, foster innovation, and improve competitiveness. In FY25, at least 50% of organisations plan to advance their teams’ skills in Generative AI, responding to strong market demand. Notably, enterprises are set to broaden GenAI training beyond technical roles, aiming to include a wider array of functions to automate repetitive tasks and boost efficiency.

Operations emerged as the leading non-tech function targeted for GenAI upskilling, followed by Customer Service and Human Resources. This strategic shift aims to automate repetitive tasks, boost efficiency, and reduce human dependency (potentially impacting labour costs). Overall, this trend reflects a broader organisational move towards integrating AI-powered solutions to drive innovation and operational improvements across various functions.

OVER 58% OF ORGANISATIONS REPORT INCREASED L&D BUDGETS IN FY25

In FY24, four out of five companies reported reduced hiring costs due to effective internal talent development. For 64% of these enterprises, the main goal of investing in workforce training was to cultivate emerging skills among early-career professionals to fuel business growth. Meanwhile, 36% of organisations focused on enhancing productivity, innovation, and creativity to improve overall effectiveness and foster a culture of innovation. Building on these trends and recognising the value of a skilled workforce, 58.5% of organisations in India have increased their L&D budgets in FY25.

AI, Data Science, and Cyber Security Remain Top Workforce Training Priorities for FY25

In FY24, Indian enterprises placed a strong emphasis on training in AI, Machine Learning, Data Science, and Data Engineering, with 76.6% of companies prioritising these areas. The IT sector led these investments, closely followed by firms specialising in analytics and digital solutions. This focus is expected to continue in FY25, as the survey shows that most organisations plan to increase their investment in training employees in these critical fields. This ongoing commitment underscores the essential role of data-driven insights and Machine Learning in advancing business innovation and operational efficiency.

For FY25, Data Science and AIML remain top priorities, particularly in the Consulting (44.4%) and Energy (41.7%) sectors, underscoring their drive for strategic decision-making and business innovation. Cyber Security continues to emerge as a crucial focus area in the BFSI sector in FY25, reflecting the need to protect sensitive data and comply with regulations. It is also significant in the IT/ITeS sector due to the extensive volume of digital transactions and data. Additionally, Cloud Computing is a key priority in both the IT/ITeS and Energy sectors, underscoring the growing importance of scalable and efficient digital infrastructure.

GCCS SHAPING FUTURE WORKFORCE TO BECOME INNOVATION HUBS

In FY24, Global Capability Centres (GCCs) concentrated their L&D strategies on enhancing agility and future-proofing their talent, with a focus on critical areas such as AI, Machine Learning, and Data Science. As we move into FY25, GCCs are set to maintain this emphasis on future-ready skills while broadening their L&D initiatives to include emerging technologies like Generative AI, Data Analytics, and Cloud Computing. This expansion aims to drive global innovation and boost organisational efficiency, positioning GCCs as pivotal hubs of technological advancement and operational excellence.

80% OF L&D PROGRAMS FOR EARLY-CAREER PROFESSIONALS LASTED 2-12 WEEKS IN FY24

More than 80% of L&D initiatives for early-career professionals, particularly in the IT/ITeS, Analytics/Consulting, and BFSI sectors, were structured as 2-12 week programs, with an average of 15 hours of training per week. These programs aimed to bridge the gap between academic learning and industry skill requirements. Meanwhile, over 67% of training for mid and senior-level executives in Manufacturing and Retail/E-commerce focused on data-driven decision-making and technical skills, typically requiring just a few hours per week to avoid disrupting productivity. For senior leaders, enterprises preferred 1-3 day capsule workshops that combined new technology training with leadership development.

Commenting on the report, Ritesh Malhotra, Enterprise Head at Great Learning, stated, “The report underscores a unanimous shift towards developing an adaptable workforce and moving away from a one-size-fits-all approach to training. Organisations now recognise that Generative AI training is crucial for achieving business objectives across all employee levels. By extending this training beyond traditional tech roles, companies are adopting a strategic L&D approach that enables their workforce to streamline processes, automate routine tasks, and drive innovation more effectively, resulting in significant cost savings. Today, Global Capability Centers (GCCs) are evolving from being mere recipients of change to active enablers of it. They are investing heavily in training for cutting-edge technologies like Generative AI, Data Analytics, and Cloud Computing to fuel global innovation and enhance organisational efficiency.”

About Great Learning

Great Learning is a leading global ed-tech company for professional learning and higher education. It offers comprehensive, industry-relevant, hands-on learning programs across various business, technology, and interdisciplinary domains driving the digital economy. These programs are developed and offered in collaboration with the world’s foremost academic institutions in various formats such as – certificate programs (ranging from 3-11 months), online degrees as well as hybrid degrees. Great Learning is able to leverage the highly qualified, world-class faculty at these universities together with its vast network of 7000+ industry expert mentors to deliver an unmatched learning experience for over 11 million learners from over 170 countries around the world.

Great Learning for Business, the enterprise arm of Great Learning, helps partner organisations build proficiencies in emerging skills at scale. Its consultative approach and experiential learning resonate with sectors like IT/ITES, BFSI, GCCs, Consulting & Analytics, e-commerce, and others. It offers talent transformation solutions that are industry-created and industry-focused, empowering organisations to achieve their business goals.

MEDIA CONTACT:
Navami Ajayan
navami.ajayan@greatlearning.in

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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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34 minutes ago

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January 11, 2025

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

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SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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2 hours ago

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January 11, 2025

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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3 hours ago

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January 10, 2025

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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