Machine Learning, Data Science What does the future hold?

As long asman’s enthusiasm for building artificial consciousness exists, the future of emerging technologies like Data Science, Artificial Intelligence, and Machine Learning cannot be boxed in. According to a report by marketresearch.com, the global Machine Learning market was valued at INR 839.55 Bn in 2020. It is expected to reach INR 7632.45 Bn by 2027, expanding at a CAGR(compound annual growth rate) of 37.16% during the 2021 – 2027 period. With the incredible amount of data available and the fuel it offers to businesses to expand, explore and experiment with innovative technologies, we in the 21st century can bear witness to some really cool, incredible, life-altering applied-science inventions.

Automation of ML

Automation of ML or Auto ML or Automated ML refers to the technique of applying machine learning (ML) models to real-world situations via automation. Here, the entire process of selection, construction, and parameterization of Machine Learning models are automated. This results in producing faster and more accurate results than traditional hand-coded methods. However, this cannot be considered a replacement for human expertise. It is merely a tool that can be used to quickly and accurately complete and execute some of the monotonous jobs, enabling professionals to focus freely on more complex or unique activities.

Augmented Data Analytics

Augmented Data Analytics Augmented Data refers to the kind of automated data analytics, where the examination of large amounts of data (to obtain meaningful insights) is done by combining AI, Machine Learning, and Natural Language Processing. The conclusions obtained by these methods are more precise and accurate, enabling experts to merge data obtained from inside and outside of the organization to extract better insights for business sustenance. Also, the increased number of visual-based data discovery tools aids data specialists and business owners in understanding data, drawing insights and leveraging the same for better business prospects. According to firstsiteguide.com, by 2025, more than 150 zettabytes of big data will need analysis. That means more insight to grow businesses and help them cater to customer needs with greater precision.

Cloud-based business solutions

Cloud-based business solutions The pandemic significantly accelerated the shift towards cloud-based business solutions for all data requirements. However, the real challenge here is not producing the necessary data but the lack of a safe space to collect, label, clean, arrange, format, and analyse this massive volume of data to extract insights. The solution to this pressing problem is a reliable cloud-based platform that can effectively store and protect the data it holds. The next few coming years will be crucial for the Data Science & Machine Learning industry as the war on building the most sustainable cloud ecosystems for businesses will continue.

Improved natural language processing

Improved natural language processing Most businesses constantly keep track of the latest trends and fruitful patterns that help their products/services/organizations. It is in this context that Natural Language Processing is most often incorporated to analyze data and identify these patterns and trends. This kind of automatic data analytics is great for obtaining reliable and meaningful insights on Twitter Analytics, Customer Satisfaction Analytics, Customer Content Engagement Analytics, etc. Data is currently the biggest and the most exclusive asset an organisation holds for all kinds of business development and strategies. Using scientific, traditional, or automated methods to clean, store and analyze data, helps in pushing the frontiers of actionable analytics. Jigsaw has been curating technically sound high-engagement learning experiences with industry best practices for over a decade. These programs are designed and delivered by industry experts who have vast experience and domain knowledge. Emerging technology enthusiasts can find an array of programs to upskill in their specific areas of interest with Jigsaw. They are sure to benefitfromthe extensive hands-on practice and robust pedagogy. (This author is Programme Director for PG Certificate Program in Data Science & Machine Learning at Jigsaw (A UNext Company))

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Virtual hiring: Here’s how end-to-end recruitment solutions are helping corporates hire the right talent

Since the genesis of technology, its impact on our day-to-day lives has been gradually increasing. Today, we observe its long-term impact as we revamp and alter business processes all around the world. The recruitment sector is no exception.

An organisation’s success and quality are only as good as its employees. According to a Harvard Business Review survey, 71 percent of CEOs feel human capital is the most significant aspect in creating long-term economic value, and 43 percent say investing in people is high priority at their companies. This, among many other things, plays a significant role in the ever-changing nature of the recruiting sector, as hiring managers are actively looking for innovative ways to retain and hire the best personnel.

However, since the dawn of the pandemic, talent acquisition professionals have been facing the repercussions. They are still recovering from the industry-wide effects of the COVID-19 crisis. The worldwide health emergency damaged various businesses, forcing many to either burn out or adapt to survive. The recruitment sector has since evolved by implementing innovative technologies to improve productivity, processing, and overall functioning.

Despite the efforts, there are challenges that need to be addressed to optimise this transition. With the number of candidates applying for their desired jobs rapidly increasing, employers usually feel the pressure in accommodating this volume. This gives rise to the need to boost resources, which can be achieved by accelerating the functioning of singular departments. The traditional way of recruiting had certain drawbacks, such as documenting and processing candidate profiles at large scale. Needless to mention, the selection of quality candidates manually becomes a very exhausting and time-consuming task. This results in the need for an effective and structured recruitment process. Another problem faced is the lack of centralised visibility and coordination between departments when managing assessment processes. Lastly, the demand for an in-person assessment is a challenge that needs to be addressed through unbiased solutions with the help of technology.

The key to resolving the challenges faced by the recruitment sector is a data-driven approach. In addition, end-to-end recruitment solutions unlock the potential for organisations to proactively source a robust talent pool and improve the overall recruitment process. One of the most essential features is that they can help match suitable candidates for the job. End-to-end recruitment solution brings the benefits of vast content with a cutting-edge platform set to reshape campus onboarding and recruitment intelligence. 

This incorporates AI-powered predictive analytics with actionable insights. The advantages of data generated by AI-powered platforms extend beyond the recruitment process and help forecast and track employee performance, demands, and retention rates. The ability to develop and adapt from an operational activity is a critical factor for assuring any organisation’s long-term success. The AI analytics-based solution combines the three critical steps that deliver perfect assessments.

  • Selecting and Hiring: Holding group discussions and online interviews, generating analytics (reports and dashboards), finalisation, and registration/verification
  • Candidate administration: Vacancy generation, candidate enrolment, skill identification, JD posting, scheduling & booking, and candidate shortlisting
  • Assessment modules: Remote or on-campus proctoring, question bank administration, and multi-domain topic expertise

The extracted data is not only restricted to the recruitment current process but also includes predictions for the next recruitment cycle. The approach that end-to-end assessments bring is futuristic and can be used to optimise the talent pool and boost hiring processes to maintain success.

A comprehensive assessment environment that may bring together the scattered pieces involved in the hiring process has been absent so far. Thus, a next-generation technology-led end-to-end assessment revolution will allow organisations to develop an efficient workforce, improve the quality of decision-making processes, and play a crucial role in the formation of new business processes and ideas.

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How is India catching up with the rest of the world in terms of providing online education?

Intensified by the disruption caused by the Covid-19 pandemic, the e-learning and EdTech industry registered an exponential growth during the pandemic years. Being the second largest populous nation, India made a significant advancement in the online education sphere. The potential of online or offline education in India is huge as the country has over 500 million people in the 5-24 years age bracket.

As adoption and consumption of online education increased, both native and foreign investors realised the potential of the EdTech market and started investing in Indian e-learning and Ed-Tech start-ups. As a result, over 9000 Ed-Tech start-ups emerged in India to deliver cutting-edge learning solutions to students, teachers and institutions. The fresh funding also enabled several improvements and innovations in the education sector that enhanced online learning efficiencies across segments, thereby transforming India as the hotspot of EdTech and online education. The government initiatives and New Education Policy (NEP) 2020 proved to be pivotal in the growth of online education.

As per new studies, India is one of the leading countries in the online education sector. The Indian online education market is set to witness tremendous growth in the coming years. According to KPMG, India has become the second largest market for e-learning after the US. The market is poised to grow by USD 2.28 billion from 2022 to 2026 at a CAGR of 19.50%. By providing affordable and cutting-edge online education solutions to developed and developing countries, Indian growth will see a further increase.

Is India set to dominate the online education space?
Let’s examine this question with some points that distinguish the Indian EdTech space from the rest of the world.

Adopt a multicultural approach: As a multicultural society, India has many advantages compared to other nations. Indian EdTech start-ups and e-learning providers need to focus on various factors in offering online education. The learners are from different socio-economic classes, regions and linguistic backgrounds. Therefore, it is necessary to adopt these elements in designing and delivering programmes online.

Enthusiastic entrepreneurs: For years, India produced and exported talent to Silicon Valley and other tech hubs in the world. Many of these people are looking back at their roots and starting new enterprises in different fields, including e-learning and EdTech. These entrepreneurs are incorporating niche technologies and business models to expand their offerings to a broad population. Thus, they are trying to redefine the traditional education system.

Innovative products and approaches: As noted above, it is necessary to introduce innovative products and approaches to attract and retain learners from diverse backgrounds in the online mode. In such a scenario, ongoing research and development is essential in different segments of online education. The evolving approaches such as experiential learning, adaptive learning, outcome-oriented outlook and micro-learning, and emerging methods, including gamification, customisation, and AR-VR powered immersive learning, are the current focus for Indian EdTech start-ups. Several innovations are expected as technology improves.

A big pool of skilled educators: India is not short of talent, especially in education and academics. Every year, thousands of teachers graduate from training schools, and thousands qualify for academics in higher education. These resources can create magic when given the right direction. Online education providers in India tap into talents and develop suitable programmes to bring out their potential.

The advantages mentioned above enable the country to thrive and grow in the global online education space. In the last two years, four Indian EdTech start-ups became unicorns, and more players are marching fast, to enter this elite list of companies. Most Indian EdTech companies are currently offering solutions in the international market too. Learners from foreign nations are pursuing online education from these platforms as it is affordable and world-class.

Sooner rather than later, we will witness more Indian EdTech enterprises reimagining the global online education space with disruptive learning approaches and innovations. Yes, India has the potential to lead the world by providing quality education online.

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Soft And Hard Skills That Aspiring Cybersecurity Professionals Will Need To Excel In 2022

What is the main aim of cybercriminals? What is it that we are trying to protect? – The answer is Data.

Cyberattacks or ‘Hacks’ acquire sensitive information like – names, passwords, and financial records – which are later used for unethical purposes. Since Data has become the new gold, the emphasis on Cybersecurity and protecting Data from internal and external threats have increased manifold. According to a report, 25 percent of ransomware attacks in India in 2022 are likely to come from insiders, a marked increase from 2 percent in 2021.

Being a Cybersecurity expert is not that easy. Most often the portrayal of Cybersecurity experts in movies is exaggerated and far from reality. However, in real life, it is a commendable job that requires you to have a specific set of skills, knowledge of relevant tools, technologies, and practical learning experience to protect the most invaluable asset of any organization – The Data. According to Kaspersky, India is among the top five targets for cyberattacks in the APAC region, particularly security breaches that involve cyber espionage.

Becoming a Cybersecurity expert today can be one of the wisest decisions in one’s career. With increased threats and amplified security breaches, the need for reliable, skilled, competent professionals is rather very high.

What Are A Few Soft Skills An Aspiring Cybersecurity Professional Needs To Master?

That’s right! Being a Cybersecurity professional is not all about sitting in front of the system and keeping a tab on the systems employed by the organization and reporting issues to their management. Certain specific soft skills are necessary to make it to the top of the ladder.

1. Excellent communication skills to communicate effectively with the management and client alike. 

2. Exceptional presentation skills to convince the respective stakeholders of the threat at hand and the necessary possible actions to be taken to avoid further complications

3. The ability to cleanly and clearly articulate complex concepts

4. The unending patience and determination to zero in on the problem and whip out a solution for the same.

What Are A Few Hard Skills An Aspiring Cybersecurity Professional Needs To Master?

Hard skills, on the other hand, are acquired through determination, consistent hard work, and repeated practice. These are crucial skills that will be the guiding beacon of your long successful journey.

1. Penetration Testing: As companies continue to go digital, cyber threats are increasing proportionally. And here is precisely where Penetrating Testers become invaluable. Penetration Testers employ their innovativeness and abundant knowledge of hacking techniques to lawfully test an organization’s security systems and search for various weaknesses. They will repeatedly try to break into the system, just as any hostile hacker would do. They then report their findings to the organization enabling them to fix these vulnerabilities before anyone else could exploit the same.

2. Application Security: The most exclusive feature of a smartphone is the vast number of applications it offers. With the increased number of applications and smartphones, hackers are bound to try and find their way into stealing information from these applications. An Application Security Expert’s function is to secure data and applications from unauthorized access or credentials. Thus, organizations are always looking for trained Cybersecurity professionals who can protect their applications.

3. Network Security: Most organizations have their own private networks where sensitive information or data are constantly being shared. Hackers often try to attack these networks to try and steal the available data. Therefore, it is the responsibility of Network Engineers, Administrators, and Designers to create and implement secure network architectures to protect against said cyberattacks.
 
4. Cloud Security: With the world actively and happily embracing hybrid work culture, the popularity and dependency on Cloud Computing technologies have increased. However, Cloud technologies also bring new risks and threats to the information and data stored in them. Resulting in a whole new pool of opportunities for Cybersecurity professionals; they are solely responsible for protecting and fending any and all kinds of attacks on these Cloud storage facilities.

Did you know that the Indian Computer Emergency Response Team (CERT-In) reported more than 2.12 lakh Cybersecurity incidents this year (till February 2022)? 

Technology not only gives us the power to achieve the unthinkable, but it also sometimes bestows upon us the need to do the undeniable. Cyberattacks are one of those unnecessary evils that exist only to make our comforts seem like a curse in this technologically advanced era. However, with proper precautions and necessary training, one can always become skilled in preventing these attacks and protecting invaluable data.

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Trends that will shape tomorrow’s smart online education

Keeping up with technological advancements, the online education sphere is becoming smart and has now started providing end-to-end solutions in content design, platform development, and content delivery. New pedagogical approaches are emerging to make learning interactive and engaging. By adopting cutting-edge technology, EdTech start-ups have intensified research and development to introduce innovative ideas into online learning. These ideas are driving online education to new heights.

User-base of online education multiplied during the EdTech boom in the pandemic years. From students in early education to experienced working professionals, everyone entered the online learning space to continue their education. While students want uninterrupted classes, working professionals need to upskill in their domains to progress in their careers. Increased adoption amid the pandemic crises steered a slew of investments from different funding agencies that accelerated the growth of the EdTech sector across the globe. Online education and the EdTech market achieved a quick jump in the last two years, due to the pandemic. According to Grand View Research, the global EdTech market was valued at USD 106.46 billion in 2021 and is expected to grow to USD 429 by 2030.

Upcoming trends for flexibility and interactivity

Upcoming trends for flexibility and interactivity Along with adoption and investment, innovations in the form of advanced features and newer approaches are shaping the future of the sector. Here are the upcoming trends in this light- Gamification It has already started re-inventing the online learning ecosystem. Going forward, we will witness gamification making inroads across segments such as K-12, higher education, skill development, assessment and testing etc. Other platforms, for example, stock or crypto exchanges are also adopting this method to teach investors about the market and trading lessons.

Virtual reality and augmented reality (AR) are going to be pivotal in online education in the coming years. The flourishing extended reality (XR), combining both VR and AR, will give a near-real learning experience to students. Simulation-based experiential learning is considered the most effective learning and teaching method to imbibe the concepts successfully.

As they are from the age of TikTok videos and Instagram reels, the new generation of students generally don’t prefer long-form content. They’re used to comprehending ideas in the short content – be it videos, texts, or lectures. As a result, young generations have a rather short attention span. At the same time, people across the ages largely rely on smart devices such as smartphones or tablets for various online activities, including learning and development. Therefore, it is necessary for online educators to produce smart device-friendly bite-sized content to engage the learners and ensure learning on the go.

Outcome-oriented learning approach

Majority of the learners on the online platforms aim to develop their skills and strengthen their knowledge base to improve their employment prospects and become future-ready. A content- or platform-oriented approach or a generalist course would not be able to meet this objective. Hence, outcome-oriented learning approaches and more learning programmes in the in-demand domains will emerge in the coming years.

Adaptive Learning

Given the differences in cognitive abilities and level of comprehension of each individual, adaptive learning is critical to reach out to a large population. Artificial intelligence, machine learning, neural network, and deep learning are the driving forces behind this approach. There are two types of adaptive learning – content and platform. While course content changes according to the individual capacity in the first type, the entire platform adapts based on learners’ pace and comprehension in the latter. It will be a game changer for accessibility and inclusion in the education system.

Blockchain

The real possibilities of blockchain are yet to be explored. Higher education institutions (HEIs) are now adopting this technology for university administration, record keeping and certification. Going forward, we may see more applications of blockchain in education. For example, with the smart contract, instructors can offer courses on decentralised ledgers, and learners can access this by paying the course fee using cryptocurrency or other payment solutions. The course completion certificate will be issued online, which enables institutions to access it through the smart contract. Increased adoption, investment, and innovations are transforming the online education space to become more productive. As time progresses and technology improves, we’ll witness many new trends in the online education space that may impact even the traditional education sector.

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5 Reasons You Are NOT Getting HIRED

The biggest irony of the current job market is that despite umpteen job opportunities being available every day, there is an increasing number of people who complain about not being able to find the right job or candidates.

According to several reports, hiring activity across global in-house centres in India is expected to grow in 2022. The focus would be on professionals with 1-5 years of experience, followed by freshers.

However, more often than not, professionals who are better qualified find it challenging to get hired even in the best of scenarios.

Presenting some of the possible reasons why talented professionals are not able to find their dream jobs

1. Being underqualified/overqualified

Being underqualified can always become a big problem when the job role you are applying for already has specific rules, policies, and expectations set in place.

Irrespective of your educational qualification, proactiveness, and passion for the role/domain, you would easily be lost in the pool of available alternatives if you do not meet the necessary requirements.

Similarly, if you are overqualified, the chances are relatively high that you would be considered a white elephant.

In both scenarios, you must talk openly about your adaptability and flexibility in all areas to get noticed as a reliable candidate.

2. No industry connect

Acquiring a job today entails more work than just sending out your resumes. There is always someone out there with an edge.

Having no industry connection might prove to be a significant disadvantage in these scenarios.

Most companies have referral programmes to bring in new recruits as the success rate of referred professionals is usually much higher than prospects acquired from public job postings.

Lack of a relevant industry network may be a big reason why you are not on the recruiter’s radar.

3. Lack of required skills

Today’s job roles are so diverse that traditional education is yet to catch up with or meet the current industrial requirements.

Most job roles require you to be proficient in skills that are generally acquired via experience or other reliable ways.

If these skills do not reflect in your previous job roles, chances are relatively high that a recruiter might not consider you as a promising candidate.

4. Unimpressive resume

Your resume is more than just your previous experience and educational qualification.

A resume for the recruiter is a glimpse into your personality and the promises you hold for the organisation.

If your resume does not creatively and methodically shine your strengths, passion and dedication, you will never be able to cut through the competition to make it to the top.

5. Not being interview ready

An interview is the most crucial step to bagging that dream job.

You might have the most desirable educational background and the necessary skills picked up with the right amount of experience. But if you fail to impress the interviewer, the job will not come your way.

This often happens when you attend an interview unprepared and feel nervous or anxious.

However, there is no problem without a solution.

Today’s market is brimming with upskilling programs that offer the complete placement package to make learners desirable for a recruiter.

An array of domains are available for you to upskill and propel your career ahead with innumerable job opportunities.

Here are a few such emerging technologies you may pursue that will easily put you on top of the recruitment chain:

1. Data Science

Data Science can be considered the domain of the century.

Businesses across industries are adopting and leveraging data science to increase their reach, productivity, revenue, and growth.

Mastering the skills required to become an expert data scientist will be a tremendous boost in achieving the career you envision.

2. Cloud Computing

With remote working becoming the new normal, cloud computing has found a new echelon of importance in the post-pandemic work culture.

Organisations are slowly but steadily adopting hybrid or remote work cultures, making cloud computing an irreplaceable part of every organisation.

Pursuing a career in building and maintaining reliable, trustworthy, and safe Cloud Computing networks will make you irreplaceable in the coming days.

3. Business Analytics

The big data analytics market is set to reach $103 billion by 2023.

Business Analytics in simple terms, refers to solving business problems by using data analysis, statistical models, and other quantitative methodologies.

Organisations today, greatly rely on professionals with strong analytical skills for qualitative decision-making, monitoring, analysing, and propelling their growth. Become a Business Analyst to drive businesses to new heights.

4. Cybersecurity

Data is the new gold.

In today’s internet era brimming with people stealing data, the need to ​​apply technologies, processes, and controls to protect systems, networks, programmes, devices, and data from cyber attacks is of utmost importance for all organisations.

It is estimated that 25% of ransomware attacks in 2022 are likely to come from insiders.

Become a cybersecurity expert by mastering the necessary skills to protect data from inside and outside attacks. You will never miss the window of opportunities in your career. 

5. Full-Stack Developer

Irrespective of how many ever templated Web sites and servers are made available today, the demand for nuanced, specific, tailor-made applications for new products or services is always in high demand.

A full-stack developer is a uniquely talented professional who can single-handedly overlook and complete the end-to-end development process of an application.

The reliability of such professionals on other teams is often less, ensuring a higher project completion rate. In the past one year, there has been an increase of over 30% of jobs for full-stack developers in India. ​​

Considering the vastness of the IT industry, one can never lose out on an opportunity with the correct skillset.

Upskilling in emerging technologies can be one of the smartest decisions you will make in 2022.

With the global job opportunities at your doorstep, the time is ripe for picking your domain and starting to sail towards the same.

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