IT Industry

Experts have raised concerns about the consent architecture and exemptions provided to certain intermediaries on the processing of children’s data in the Digital Personal Data Protection (DPDP) Act. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Gruhas, Collective Artists Network’s new fund■ IT firms eye greater AI push this year■ CoinDCX lures customers with bonus offerFurore over data act leeway to some companies on use of kid’s data Security experts have raised concerns about the definition…

As India rides on the generative AI (GenAI) bandwagon which will touch every aspect of the IT and tech industry, the country needs to focus on creating short-term courses in fundamental of AI to skill 100 million people and prepare them for the jobs of the future, Indian IT industry veteran CP Gurnani said on Saturday. According to Nasscom, as India currently ranks first in terms of AI skill penetration and AI talent concentration, the AI skill shortage is now being felt across the spectrum.Elevate Your Tech Prowess with…

Indian IT company Black Box is expecting a threefold increase in revenue to $2 billion over the next three years, driven by demand for critical technological infrastructure. Black Box president and CEO Sanjeev Verma told PTI that focusing on digital infrastructure, connectivity, networking, modern workplace cybersecurity, along with artificial integration, is going to provide a huge runway to the company. "I think we see the future for digital infrastructure business ramping up on the back of hybrid activity on the data…

Arenadata, a Russian developer of data collection and storage platforms, intends to launch an initial public offering (IPO) on the Moscow Exchange in 2024, three sources in the Russian financial market told Reuters.The company later said that it was considering an IPO, among various options, but gave no timeline.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitNorthwestern…

Manideep's remarkable journey from coding efficiency to the esteemed position of Senior Performance Engineer exemplifies his adaptability, expertise, and unwavering commitment to pushing technological boundaries.In the dynamic and ever-evolving realm of artificial intelligence (AI) and performance engineering, one individual's name resonates as a true trailblazer—Manideep Yenugula. With a background deeply rooted in software development, Manideep's remarkable journey from coding efficiency to the esteemed position of…

HCL Technologies hopes to have almost 70% of its staff walking into physical workspaces by the end of the current fiscal, CEO C Vijayakumar said, while adding that the IT services company will continue to have a hybrid model that is optimised and tuned in to needs. For now, HCLTech is seeing a gradual increase in the number of people coming to offices, he said. It is pertinent to mention that the flexi work options were put in place by the IT industry at the onset of pandemic. With return to normalcy, many tech…

After months of slowdown in tech hiring, the IT sector has started seeing some green shoots of demand starting July, according to staffing firms. There has been a 10% increase in the overall hiring requirements in July compared to last month, they added, signaling good news for the IT sector and some pick-up in demand in the coming quarter after a long lull.The growth in headcount, however, will only reflect in the October-December quarter, said experts. The increased demand is led by companies having better visibility of…

IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell. The company's software and consulting businesses rose 6% and 8.2%, respectively, at constant currency in the first quarter, in line with IBM's targets. Big Blue also reiterated its full-year free cash flow forecast of $10.5 billion. "Investors blew a sigh of relief that IBM's quarterly update was better than feared," said Jesse Cohen, senior…

NEW DELHI : The pandemic-led shift to remote work, which fuelled…

Can ChatGPT replace human IT coders in 2023? Understanding capabilities of this advanced chatbotOpenAI created the cutting-edge language model known as ChatGPT or Generative Pre-trained Transformer. It has been applied in a number of contexts, including chatbots, language translation, and even content creation, because it can produce text that resembles that of a human being based on the input it receives. However, many have questioned if this technology might one day advance enough to replace jobs that now require human…