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NEW RESEARCH FROM GENERATION REVEALS HOW MIDCAREER AND OLDER WORKERS EXPERIENCE ARTIFICIAL INTELLIGENCE IN THE WORKPLACE

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Employers in both the U.S. and Europe predict sharp declines (22%-64%) in hiring for entry-level and mid-level positions over the next 12 months15% of workers aged 45+ across the U.S. and Europe report using AI at work — they are largely self-taught, use it frequently, and see benefitsEmployers are missing an opportunity to benefit from the combination of experienced workers and AI tools 

WASHINGTON, Oct. 9, 2024 /PRNewswire/ — New data from Generation, the global employment nonprofit, unveils trends in how midcareer workers are using and experiencing AI in the workplace.

The report, Age-Proofing AI: Enabling an intergenerational workforce to benefit from AI, was created with grant support from Google.org and The SCAN Foundation. Generation commissioned YouGov to conduct a research study across France, Ireland, Spain, the United Kingdom, and the United States. The survey included responses from 2,610 employees over age 45 working in entry-level and mid-level roles and 1,488 employers and explores the challenges and opportunities facing midcareer and older workers in navigating the rise of AI in the workplace.

With hiring declining, age bias remains pervasive

Employers in the U.S. and Europe predict sharp declines in hiring for entry-level and mid-level positions, with reductions expected to range from 22% to 64% over the next 12 months. This tightening in hiring can have an adverse impact on midcareer and older candidates.

Previous Generation research in 2021 and 2023 showed that employers consistently prefer younger candidates despite the fact that 89% of employers said midcareer and older workers perform as well, if not better, than their younger peers.

The new survey found this ageism amplified in roles that use AI, with employers indicating a preference for younger candidates. In the U.S., 90% of hiring managers are likely to consider candidates under age 35 for AI-related roles, compared to only 32% for those over age 60. In Europe the gap was almost as wide, with 33% likely to consider older candidates and 86% likely to consider the younger group.

Midcareer and older employees’ low use of AI understates the opportunity

Of those surveyed, 15% of workers over age 45 report using generative AI tools at work. The majority of those who do use AI tools are self-taught “power users,” using them multiple times a week if not daily to perform a range of activities. They report positive impacts on their work — with more than half reporting improvements in quality, productivity, and decision-making. A substantial percentage say AI makes their jobs more enjoyable, with 35% of U.S. workers and 58% of European workers citing increased job satisfaction due to AI tools.

However, low levels of use may be understating the growth potential. Older workers may not need to rely on AI as heavily to backfill experience gaps. But their experience and judgment may allow them to write better prompts and interpret results more effectively.

Employers are still exploring what support is most effective to reap the benefits of AI

Nearly half of U.S. hiring managers (47%) and 29% of European employers have begun providing AI tools to their workforce, with many more planning to roll them out in the next 12 months. Over 90% now offer some form of training support for workers using AI. That support takes different forms, with only about 50% saying they offer formal training, and many making self-service or other resources available. 

But employers still have progress to make in identifying what support is most effective and bridging that gap for their employees. In our survey, worker interest in AI was mixed. Out of workers over age 45 not currently using AI tools, 24% in the U.S. and 36% in Europe expressed interest in learning to use them. But another quarter were neutral or unsure, and nearly a third of the nonusers in the U.S. and 17% in Europe declared they are not interested in AI at all. This ambivalence is consistent with recent research that found it isn’t obvious to experienced workers how AI can fit into their work.

This gap points to a need for employers to marry the experience of midcareer and older workers with skills to unlock the full benefit of AI — by finding use cases that incorporate AI into specific roles and experience levels.

You can read the full report here.

Dr. Mona Mourshed, Founding Global CEO, Generation, said:

“While AI has the potential to dramatically alter job tasks and roles, it will be most transformative when its power is merged with human expertise. This data underscores the importance of continuing to combat ageism, and points to an opportunity for us to take a more nuanced view in the AI-infused workplace of how to leverage the unique assets that workers of different ages and experience levels bring to the table.”

Anika Heavener, Vice President, Innovation and Investments at The SCAN Foundation, an independent public charity igniting bold and equitable changes in how older adults age in both home and community:

“This research makes it abundantly clear that AI is already transforming work as we know it, but at the same time, AI implementation has the potential to exacerbate ageism in the workplace. Older workers offer unique skills and experience, and employers need to provide them with the training and support they need to reap the benefits of AI and successfully integrate the technology into their day-to-day jobs.”

SOURCE Generation

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Space tech firm XDLINX Space Labs raises $7 million in seed round led by Ashish Kacholia with additional backing from E2MC and Mana Ventures

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October 9, 2024

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The company aims at accelerating development of ready to launch satellite platforms for Global Space Missions

HYDERABAD, India, Oct. 9, 2024 /PRNewswire/ — XDLINX Space Labs, a prominent player in India’s space technology industry, has announced the successful completion of a $7 million seed funding round. The round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures, and a prominent family office. This funding will accelerate XDLINX’s mission to revolutionize satellite technology and push the boundaries of space exploration through innovation and cost-effective solutions.

Founded in 2022 in Hyderabad, XDLINX Space Labs began with a bold vision to redefine space missions and make innovative satellite technology accessible to a broader range of clients. The company’s first major milestone came with the successful launch of JANUS-1, a software-defined 6U Nanosat to demonstrate multi-tenancy payload capabilities, developed in a record time of just 10 months and launched aboard ISRO’s SSLV-D2 rocket on February 10, 2023 which brought down the cost and time to space significantly, compared to other traditional satellite.

Rupesh Gandupalli, CEO & Co-Founder, XDLINX Space Labs, said, “We are thrilled and excited to announce the funding which will help us to accelerate the manufacturing of next-generation payloads for defence and commercial missions like E-band communications, Optical and RF intelligence to building space heritage, operationalization of satellite bus platforms and expand our global presence in the US and UK. We envision a future where space becomes more accessible by building cost-effective satellites using 75% indigenous subsystems. We look forward to contributing to India’s growing role in global space race.”

The company is currently preparing for the launch of its next major project, Elevation-1, which will feature the world’s first miniaturized space-grade E-band payload, developed and scheduled to launch aboard SpaceX’s Transporter-12 mission. Elevation-1 is the first commercial mission designed to demonstrate E-band communications with digital modulation, and the company owning a defined long-term roadmap of achieving data rates exceeding 10 Gbps.

Additionally, XDLINX Space Labs is developing the 150KG class satellite hosting Synthetic Aperture Radar (SAR) and Multi-Spectral optical sensors together using XDSAT-M600 platform for its customer scheduled to be launched in Q3-2025. Further expanding its innovative portfolio, the company is in final discussions with their customers building and launching a sub-meter multi-spectral imagery satellite constellation. The company has also signed MOUs with leading space companies laying the groundwork for continued collaboration and development.

About XDLINX Space Labs

XDLINX Space Labs is an end-to-end small satellite mission-as-a-service provider for complete mission requirements- from design, supply chain, build, integration, and space qualify to mission operations. The company offers spacecraft Platforms and Payload technology for Global Commercial and Defence ISR Space Missions, focusing on helping various nations build their Sovereign space capabilities, offer a full stack ISR capabilities both optical and signal intelligence. XDLINX offers fully configured satellites with payloads for Global intelligence, Surveillance and Reconnaissance (ISR) missions.

With a team that has been instrumental in the successful launch of over 400 satellites in their past work tenure, XDLINX Space Labs is reshaping how satellites are designed, built, and launched, creating new possibilities for space missions worldwide.

Photo: https://mma.prnewswire.com/media/2526651/Rupesh_Gandupalli.jpg

 

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Truecaller receives a two-letter upgrade in ISS ESG-rating and has been granted “Prime” status

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October 9, 2024

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STOCKHOLM, Oct. 9, 2024 /PRNewswire/ — Institutional Shareholder Services (ISS), has on the 24th of September awarded Truecaller’s ESG rating a two-letter upgrade from D+ to C+, thereby granting Truecaller “Prime” status which is given to companies with an ESG performance well above the sector average. Truecaller received a Decile Rank of 1 which places Truecaller among the top performers in the software and diversified IT services sector in ISS ESG-ratings.

“I am happy that our ESG-strategy and our structured sustainability work have been recognized by an external party. We have made many improvements during the last years both when it comes to new initiatives and increased transparency” comments  Odd Bolin, CFO of Truecaller.

Learn more about Truecaller’s ESG-work and commitments at https://corporate.truecaller.com/sustainability/sustainability-at-truecaller

For more information, please contact:

Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 420 million active users, with more than a billion downloads since launch and around 50 billion unwanted calls identified and blocked in 2023. Headquartered in Stockholm. since 2009. we are a co-founder led. entrepreneurial company. with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

About ISS ESG:  

ISS ESG (Institutional Shareholder Services Inc.), is an ESG rating institute which helps investors develop and integrate sustainable growth policies and practices, engage in responsible investment, and monitor the practices of portfolio companies through screening solutions. The assessment of a company’s environmental, economic and social performance as part of the Annual Corporate Rating is based on approximately 100 industry-specific indicators on a broad range of ESG as well as sector-specific factors. Read more: https://www.issgovernance.com/esg/ratings/

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-receives-a-two-letter-upgrade-in-iss-esg-rating-and-has-been-granted–prime–status,c4048922

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SOURCE Truecaller AB

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Dozuki and TWI Institute Announce Partnership to Enhance Manufacturing Workforce Training and Development

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54 mins ago

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October 9, 2024

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SAN LUIS OBISPO, Calif., Oct. 9, 2024 /PRNewswire/ — Dozuki, the leading manufacturing Connected Worker Platform, is pleased to announce a strategic partnership with the TWI Institute, a global leader in Training Within Industry (TWI) methodologies. This collaboration aims to revolutionize the way manufacturers and industrial companies develop and train their frontline workers, bringing together the proven training methods of TWI Institute with the advanced Dozuki digital platform.

Together, we are creating a standardized, scalable solution for companies to develop and retain a skilled workforce.

This partnership leverages the strengths of both organizations to create a comprehensive solution for workforce development, addressing the pressing challenges faced by manufacturers in upskilling their employees. With the TWI Job Instruction (JI) methodology and the Dozuki digital platform, companies can now implement standardized digital training programs that ensure efficiency, quality, and safety across their operations.

Patrick Graupp, Owner and Senior Master Trainer for the TWI Institute, shared his excitement about the partnership:

“At the heart of TWI is the Job Instruction method, which has been proven for decades to help companies develop a skilled and stable workforce. Partnering with Dozuki allows us to combine our time-tested training methodology with cutting-edge technology, giving companies the tools they need to not only train their workers but also track progress and continuously improve performance.”

The Dozuki platform provides seamless support for the TWI Job Instruction Breakdown (JIB), enabling manufacturers to digitize and manage training procedures, creating a streamlined path from awareness to mastery. By integrating TWI methodology into Dozuki, companies gain the added benefits of document control, ensuring that all training documentation is tracked with full revision control and audit trails. This feature is particularly valuable for TWI Certified Trainers, who can now ensure their materials are always up-to-date and accessible.

The partnership also delivers tangible business results:

Training Time: Companies have seen a 78% reduction in training time, accelerating the onboarding process and getting workers up to speed faster.Productivity: A 45% increase in productivity has been achieved, driving more efficient operations and better use of resources.Safety: In manufacturing, the partnership has contributed to reducing OSHA incidents by as much as 70%, fostering a safer work environment.Turnover: Employee turnover has been reduced by 23%, helping companies retain skilled workers and reduce the costs associated with high turnover rates.

Early adopters of this integrated solution have reported significant improvements:

75% reduction in time-to-competency for new hires40% increase in overall productivityUp to 65% decrease in quality-related issues20% improvement in employee retention rates

Jerry Dolinsky, CEO of Dozuki, highlighted the value this partnership brings to the industry: 

“Our collaboration with TWI Institute is a game-changer for manufacturing workforce development. By aligning our digital platform with their proven training methods, we can help companies address some of their biggest challenges — reducing training time, increasing productivity, and improving safety outcomes. Together, we are creating a standardized, scalable solution for companies to develop and retain a skilled workforce.”

The partnership addresses key issues that manufacturers face today, such as high turnover, inconsistent quality, and rising safety concerns. By implementing the combined solution of hands-on TWI training and digital management tools in Dozuki, companies can ensure that their workers are not only trained efficiently but are also empowered to continuously improve their performance.

About Dozuki:

Dozuki is a connected factory worker platform designed to help manufacturers streamline documentation, training, and upskilling for their frontline teams. With an intuitive interface for creating digital knowledge, assessments, and real-time training tracking, Dozuki helps workers move from process awareness to mastery, ensuring high standards of productivity and safety.

About TWI Institute:

The TWI Institute is the global leader in training within industry (TWI) programs, which help organizations improve their workforce skills, safety, and productivity through proven, hands-on training methodologies. With a global network of trainers and decades of experience, the TWI Institute has transformed operations for manufacturers, healthcare organizations, and service industries worldwide.

For more information about Dozuki and TWI Institute, please visit www.dozuki.com/twi

Media Contact: Leslie Bloom, Dozuki, leslie.bloom@dozuki.com

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SOURCE Dozuki

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