Fighting Attrition in Indian IT with Generative AI

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THE WEEKLY NEWSLETTER OF AIM. Sunday, Oct 8, 2023 | Was this email forwarded to you? Sign up here By Amit Naik Can generative AI help in solving the attrition problems in Indian IT, or tech companies, globally? Read to find out. Attrition has plagued the Indian IT and tech companies for a very long time – now at an average of 20% and flattening. With generative AI, experts believe this number can be reduced even further to create a culture of growth.  In conversation with AIM, Chris Havrilla, the vice president of product strategy and the brain behind Oracle Grow, said that employees typically leave organisations because employers struggle to understand their skills, predict future needs, and fill the skill gaps.  Employees, on the other hand, find it hard to adapt to changing business needs as they often aren’t aware of the growth opportunities due to a lack of transparency, she said, adding that generative AI is breaking barriers by providing access to knowledge, information and opportunities to all the employees within the organisation.  Currently in a beta testing phase to select customers, Oracle plans to roll out generative AI features within Oracle Fusion Cloud Human Capital Management (HCM) and Grow (in collaboration with Cohere) in the coming months.  Havrilla believes that giving employees access to a wide range of learning resources and opportunities to connect with others will help them develop the right skills and knowledge and advance in their careers. In turn, it will help organisations build a skilled and motivated workforce. Besides Oracle Cloud Fusion, SAP SuccessFactors, Zoho People, Workday, PeopleStrong, Ceridian Dayforce, and Darwinbox among others, are also actively experimenting and integrating generative AI features to reshape HR. Thanks to generative AI, HR professionals and managers are now transitioning to a more advisory and mentoring role, and focussing on employee engagement and career development, alongside building a culture of growth and learning. “If you’re going to be an expert on anything, be an expert on human behaviour. Be an expert in helping your leaders build great teams,” said Havrilla.  Read the full article here.  Best Firms for Data Scientists >>  [Best Firms for Data Scientists is one of India's biggest workplace certification platforms in data science. To nominate your organisation, you may fill out the form here .] TOP STORIES OF THE WEEK >> X for Free Speech and Citizen Journalism With the ongoing Israel-Palestine crisis, reporters from media publications the world over have been scrambling to cover the condition. Meanwhile, citizens in these areas have turned to X to share the situation at ground zero. Alarming visuals of the strife have found their way to the internet, and today, X is serving as the quintessential platform that everyone needs.  This brings us to question the relevance of some mainstream news and media outlets that are biased in their coverage. Will X become the ultimate source of truth? Read to find out. Canva’s Magic Studio Catches Up to Adobe Firefly  A few months ago, Canva was seen struggling to keep pace with Adobe. But now, things seem to be slowly changing. On its tenth anniversary, the Australian design company launched Magic Studio, a powerful suite of AI tools made to simplify design creation for businesses. Will Adobe now be able to match Canva’s brand-new palette? Read to find out. PEOPLE & TECH >> How AWS is Democratising Access to Quantum Computing in India In an exclusive interview with AIM, Kanishka Agiwal, head of service lines in India & South Asia at AWS, speaks about his vision to democratise access to quantum computing. Besides, Agiwal also shared the partnerships and collaborations to unleash the quantum revolution in the country. Read the full story here. AIM EVENTS >> Get Ready to Unleash Your Inner AI India’s biggest AI conference, Cypher 2023, is just a few days away. So what are you waiting for? Meet us at the Hilton Convention Center, Manyata Tech Park, Bengaluru, between October 11 and 13, 2023.  Register now! AIM Shots >> Google and Meta’s former engineers have founded Continua, a next-generation AI startup that aims to revolutionise customer experience via LLMs. Learn more here.  Optimised Electrotech recently announced the technology transfer of the Optical Imaging System from NewSpace India Limited, a subsidiary of the Indian Space Research Organisation.  Sai Life Sciences has partnered with Dassault Systemes, a leader in product lifecycle management (PLM) solutions and others to accelerate drug discovery.  OpenAI unveiled the Beta version of its Python SDK, marking a significant step towards enhancing access to the OpenAI API for Python developers. Google finally integrated Bard into Google Assistant, unleashing generative AI capabilities.  Meta recently rolled out three new generative AI features for advertisers, allowing them to use AI to create backgrounds, expand images and generate multiple versions of ad text based on their original copy. IBM Quantum has initiated the application process for its summer internships in 2024. Click here to register.  Google DeepMind recently launched a new set of resources for general-purpose robotics learning, called the Open X-Embodiment dataset, which includes information pooled from 22 different types of robots.  OpenAI chief Sam Altman has invested in an AI startup Induced, established by two Indian-origin teenagers, Aryan Sharma and Ayush Pathak, in Silicon Valley, USA. Read more here.  OpenAI recently announced a Residency program with a $210K annual salary. This unique initiative looks to recognise exceptional researchers and engineers from diverse fields to transition into the world of AI-ML. Check full details about the program here. Download our mobile app Access our stories, video content and events on the go. Stay Connected info@analyticsindiamag.com © 2023 Analytics India Magazine Pvt Ltd and/or its affiliates. All rights reserved. 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