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IIM Calcutta and TalentSprint Celebrate Six Years of Pioneering Executive Education, Launch New AI Program for Leaders

For the past six years, IIM Calcutta and TalentSprint have been at the forefront of executive education, delivering innovative, industry-aligned programs that have empowered over 3,000 professionals across 30 batches. With a keen focus on meeting the growing demand for management professionals capable of navigating today’s rapidly changing business landscape, this strategic partnership has consistently anticipated market trends and provided solutions for working professionals.

As artificial intelligence (AI) transforms industries worldwide, IIM Calcutta and TalentSprint have launched a new program, “AI for Leaders,” under the guidance of IIM Calcutta professors Saravana Jaikumar and Debashis Saha. This latest initiative equips aspiring and current leaders with the knowledge and skills to leverage AI as a strategic tool for business enablement and growth. The program is designed to prepare participants to tackle the challenges of the AI-driven future and seize emerging opportunities.

The partnership has a history of pioneering programs that address industry needs. Early on, they introduced the Fintech and Financial Blockchain program to help professionals navigate the digital banking revolution. This was followed by transformative courses like the Executive Program in General Management (EPGM) and the Executive Post-Graduate Program in Global Business Management (EPGBM), blending IIM Calcutta’s academic rigor with TalentSprint’s expertise in online education.

In response to sector-specific leadership demands, the partnership developed programs such as the Education Leaders’ Program (EdLEAP) to empower education sector leaders and the Digital Business Leadership program to equip aspiring CXOs with the skills needed to drive innovation in the digital age.

Prof. Saibal Chattopadhyay, Director of IIM Calcutta, stated, “Our partnership with TalentSprint has been a game-changer since the launch of the fintech program. It has enabled us to expand our reach, cater to a diverse range of professionals, and foster a community of experts who are not just leaders, but visionaries. Together, we are shaping the future of executive education.”

Dr. Santanu Paul, Founding CEO & MD of TalentSprint, added, “Our mission is to equip professionals with the contemporary skills required to thrive and succeed in the digital age. Partnering with IIM Calcutta, a global leader in management education, has been instrumental in achieving this goal. Our programs are a testament to the power of combining academic rigor with real-world relevance, resonating our core focus on bringing forth management and leadership programs for a disrupted world.”

Yotta Data Services Partners with Telangana Government to Launch AI Supercomputer & Data Center in Hyderabad’s AI City

Yotta Data Services has announced a landmark partnership with the Government of Telangana to establish a state-of-the-art AI supercomputer within a high-performance, liquid-cooled data center campus at Hyderabad’s AI City. The agreement was formalized with a Memorandum of Understanding (MoU) signed by Telangana’s Special Chief Secretary for IT, Electronics & Communications, Jayesh Ranjan, and Yotta’s Co-founder and CEO, Sunil Gupta, in the presence of Chief Minister Revanth Reddy and IT Minister Duddilla Sridhar Babu at the Telangana Global AI Summit.

In its first phase, the AI supercomputer will feature 4,000 GPUs, with Yotta’s first data center, Yotta H1, set to be operational within 24 months. Once completed, the facility will house 25,000 GPUs and a 50 MW AI Cloud Data Center, solidifying Hyderabad’s role as a global AI hub. The campus will not only support AI innovation in Telangana but also serve as a major center for exporting India’s AI capabilities worldwide.

The facility will offer specialized GPU cloud infrastructure and a suite of AI services, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), aimed at startups, research labs, educational institutions, enterprises, and government bodies. It will feature NVIDIA GPUs and high-speed networking, with the capacity to scale up over time.

Chief Minister Revanth Reddy hailed the initiative as a transformative step for Telangana, positioning Hyderabad as a leading AI destination. Minister Duddilla Sridhar Babu emphasized the partnership’s significance in making Telangana a global AI leader, while Special Chief Secretary Jayesh Ranjan highlighted the state’s commitment to leveraging AI for growth and opportunity.

Yotta’s Sunil Gupta expressed confidence that the partnership would accelerate AI development across India, reinforcing Hyderabad’s position as a global AI hub. The data center will prioritize sustainability, using green energy sources and eco-friendly technologies, with a goal of achieving IGBC Platinum certification.

Acer Launches New Additions to Vero Line with Eco-friendly LED Projectors

Acer has introduced two new projectors to its eco-friendly Vero product line: the Acer Vero PD2528ic and the Acer Vero PD2328. Designed to provide both businesses and consumers with high-performance, energy-efficient technology, these projectors are ideal for those seeking to reduce their environmental impact.

The Acer PD2 Series projectors feature the latest Gen 4 LED light source, which improves brightness by up to 18.5% compared to the previous generation. This results in high light output of up to 3,700 ANSI lumens, making these projectors suitable for home theaters or meeting rooms.

These projectors deliver exceptional color quality with 120% coverage of the REC 709 color space, providing 1.5 times wider coverage than traditional lamp-based projectors. The 0.65-inch DMD chip also enables high dynamic contrast ratios of 50,000:1, ensuring vibrant visuals and sharp image quality, even in low-light scenes.

The Acer Vero PD2328 offers WXGA (1280×800) resolution with a 16:10 aspect ratio and 3,700 lumens of brightness. Meanwhile, the Acer Vero PD2528ic features FHD (1920×1080) resolution, a 16:9 aspect ratio, and 3,200 ANSI lumens. Both models include Acer LumiSense technology for enhanced visibility in dark environments and color-boosting technologies like ColorPurity+, ColorBoostLED, and ColorSafe II, which provide natural and vivid colors. Additionally, Acer’s BluelightShield reduces potential eye strain from blue light exposure.

Acer’s EcoProjection technology helps reduce power consumption and maintenance costs. The projectors automatically switch to Eco mode and dim the light source to 60% when no input signal is detected, and they shut down after a period of inactivity. Lamp and mercury-free, these projectors offer a lifespan of up to 30,000 hours and improve energy efficiency by up to 42% compared to traditional lamp-based models. They also use 50% PCR plastic in the chassis and 100% recyclable packaging.

The PD2 Series Vero projectors are compact and lightweight, weighing just 2.6 kg and measuring 11.8 inches in width, making them easy to install in any setting or mount on docking stations.

The Vero PD2528ic model comes with built-in wireless projection and screen mirroring capabilities, allowing users to mirror screens from smartphones or PCs seamlessly with the included Acer wireless dongle.

Both projectors are highly durable and can operate continuously for up to 24 hours, making them suitable for public displays or museum exhibitions. They also feature a built-in 10 W speaker, eliminating the need for external audio devices, and support HDMI 3D for more immersive movie and gaming experiences.

Installation is simplified with Auto Keystone Correction to automatically adjust vertical distortions and an Auto Ceiling Mount gravity sensor that detects the projector’s mounted position and rotates the image by 180° for correct orientation.

Compared to traditional lamp-based projectors, the Acer Vero LED projectors have a lower total cost of ownership. Being lamp-free, they eliminate the need for frequent lamp replacements. Additionally, the sealed engine design protects the internal components from dust, reducing the need for cleaning and repair.

The Acer Vero PD2528ic will be available in EMEA in December, starting at EUR 799, and the Acer Vero PD2328 will be available in January 2025, starting at EUR 599.

Hewlett Packard Enterprise introduces one-click-deploy AI applications in HPE Private Cloud AI

Hewlett Packard Enterprise has announced that its HPE Private Cloud AI solution is now available for order and has introduced new solution accelerators designed to automate and optimize artificial intelligence (AI) applications. Co-developed with NVIDIA, HPE Private Cloud AI offers a turnkey, cloud-based platform that enables businesses of all sizes to easily build and deploy generative AI (GenAI) applications. This solution is part of the NVIDIA AI Computing by HPE portfolio. The newly launched solution accelerators allow enterprises to deploy virtual assistants with a single click and operationalize them within seconds, greatly simplifying the AI deployment process.

“Businesses are deploying GenAI in an environment where they are simultaneously under pressure to begin quickly and show real value,” said Fidelma Russo, Executive Vice President and General Manager of Hybrid Cloud, and CTO at HPE. “However, implementing AI applications requires organizations to string together various models, datasets, tools, and other resources. Solution accelerators are a key differentiator within HPE Private Cloud AI, simplifying a project that could take months to deploy and consolidating that timeline down to a single moment for the enterprise.”

The first available solution accelerator is a GenAI virtual assistant that helps developers quickly build interactive chatbots capable of answering questions in natural language, using an organization’s private data and open-source large language models (LLMs). These AI applications can be customized for a range of use cases, such as tech support, sales quote generation, marketing content creation, and more. Future updates will expand the capabilities of the virtual assistant to include voice, image processing, and multi-agent support for more advanced content generation and multitasking.

Upcoming solution accelerators will cater to specific AI applications across vertical industries such as financial services, healthcare, retail, energy, and the public sector. Some of these will be based on NVIDIA NIM Agent Blueprints, which are reference AI use cases that enterprises can refine continually with data and feedback.

“Enterprises are looking for accelerated, customized AI tools to meet the needs of their company-specific use cases,” said Justin Boitano, Vice President of Enterprise AI Software Products at NVIDIA. “NVIDIA NIM Agent Blueprints allow AI applications developed with HPE Private Cloud AI to be refined using human feedback, improving models in a continuous learning cycle.”

The solution accelerators are customizable, modular, low-code or no-code applications leveraging NVIDIA NIM microservices. They are designed to shorten the time-to-value for businesses by simplifying AI deployment, which traditionally involves navigating complex processes such as integrating multiple microservices, data sources, AI models, and other IT resources. These accelerators run on HPE Private Cloud AI managed through HPE GreenLake, ensuring comprehensive security with enterprise guardrails and data isolation.

To further enhance customer experience and accelerate time-to-value for AI use cases, HPE has launched the Unleash AI partner program. Part of the HPE Partner Ready Technology Partner Program, Unleash AI aims to build a robust ecosystem of software providers, system integrators, and service providers for comprehensive AI solutions. Partner solutions, including those based on NVIDIA NIM Agent Blueprints, will be pre-validated to run seamlessly on HPE Private Cloud AI, leveraging HPE’s extensive market reach.

Sanjay Dubey IAS Promoted to Additional Chief Secretary, Madhya Pradesh Govt

Sanjay Dubey, a 1993 batch IAS officer, has been elevated to the position of Additional Chief Secretary, succeeding Sanjay Bandopadhyay, the former Chairman of the Madhya Pradesh Employee Selection Board. Dubey, who has been managing the General Administration Department, will retain his existing duties while taking on his new role.

Principal Secretary Neeraj Mandloi, another senior official poised for promotion, will have to await the retirement of ACS Malay Srivastava in November before his advancement to Additional Chief Secretary.

The state administration is preparing for additional changes, with senior officers anticipating the appointment of a new Chief Secretary. Veera Rana, the current Chief Secretary, is set to retire on September 30, marking a crucial period for the Madhya Pradesh bureaucracy.

S&P Global elevates Saumya Bhushan to Director- Corporate Communications for South Asia

S&P Global, a prominent financial services company, has elevated Saumya Bhushan to the position of Director of Corporate Communications for South Asia. Prior to this, Bhushan served as the Lead of Corporate Communications for the region.

Announcing her promotion in a LinkedIn post, Bhushan expressed her excitement: “I am thrilled to share that I have stepped into the role of Director- Corporate Communications for South Asia at S&P Global. I am truly grateful for the encouragement and unwavering support from my colleagues at this incredible organisation! Excited about this new chapter.”

With a rich career spanning several renowned organizations, Bhushan brings a wealth of experience to her new role. Her professional journey includes key roles at Reckitt, The Oberoi Group, Avian Media, and other notable companies.

Freshworks appoints Murali Swaminathan as Chief Technology Officer

Murali Swaminathan has been named the Chief Technology Officer (CTO) at Freshworks. In this role, he will be responsible for shaping the company’s technology roadmap and strategy, while leading its global engineering and architecture teams.

Swaminathan brings over 30 years of experience in software engineering and management. He joins Freshworks from ServiceNow, where he was the Vice President of Engineering. At ServiceNow, he managed the company’s market-leading IT Service Management and Strategic Portfolio Management product lines, which are designed to scale for large enterprises.

Dennis Woodside, CEO and President of Freshworks, commented: “Murali’s experience is perfectly aligned with our commitment to delivering products that offer rapid impact and tangible returns on AI investments.”

During his time at ServiceNow, Swaminathan played a key role in developing the modern application architecture that supports its IT Service Management and Strategic Portfolio Management offerings.

Before joining ServiceNow, he was the Vice President of Engineering at Recommind (now OpenText). Prior to that, he held several key roles at CA Technologies (now part of Broadcom Inc.), where he significantly contributed to the advancement of the company’s enterprise software solutions.

Commenting on his new role, Swaminathan said: “This is an exciting time to join Freshworks as we strive to become a multi-billion-dollar software company. Our talented global engineering and architecture teams are crucial to achieving this goal, and I am eager to collaborate with them to drive innovation and deliver exceptional products that cater to the evolving needs of our customers.”

NBFCs Poised for Rapid Growth in Education Loans as Demand for Overseas Courses Surges: Crisil Ratings

According to a recent report by Crisil Ratings, education loans, particularly those used to finance overseas courses, are set to remain one of the fastest-growing segments for non-banking financial companies (NBFCs) due to the increasing demand for higher education. The assets under management (AUM) for these loans are projected to grow by a robust 40-45% this fiscal year, surpassing Rs 60,000 crore.

After witnessing substantial growth of over 80% and 70% in fiscals 2023 and 2024 respectively, the AUM for NBFCs’ education loans reached Rs 43,000 crore as of March 31, 2024.

Crisil Ratings highlighted that despite specific concerns in some countries, the asset quality metrics are expected to remain stable. The report also noted that NBFCs have shown resilience in portfolio performance, backed by strong credit underwriting.

As of March 31, 2024, the 90+ days past due (dpd) rate for education loans in NBFCs stood at 0.2%, significantly lower than the gross non-performing assets of 2.0% and 3.9% reported by private and public sector banks, respectively. Additionally, peak quarterly delinquency in the vintage pool of 90+ dpd for NBFCs remained below 1%.

Bridging the Gap Between Education and Employment: Practical Solutions for a Job-Ready Workforce

With the world evolving at an unprecedented pace, the disconnect between education and employment is a growing concern. Industry demands are changing rapidly, while most educational institutions struggle to equip students with the necessary skills. This has created a widening gap between education and employability. As India transitions into a knowledge economy with increasing technological integration, the emerging disparities at the tertiary education level pose a significant challenge.

To ensure students are well-prepared for the workforce, educational institutions must adapt and effectively prepare students for their careers. Here’s how to enhance the alignment between academic learning and job readiness:

1. Revamping the Recruitment Process: Educational institutions should re-evaluate their student recruitment processes. Currently, many programs heavily rely on traditional academic achievements like 10+2 scores, without assessing students’ suitability for specific careers. Introducing industry representatives into interview or selection panels can help identify candidates with the right blend of academic excellence and career-relevant traits and interests.

Moreover, entrance exams should be restructured to assess real-world skills and potential rather than solely validating high school performance. This approach would identify students genuinely suited for their chosen fields, not just those who excel in academic tests. According to the ILO, a simple average across G20 countries with available data revealed that 46% had educational attainment levels mismatched with job requirements. India’s mismatch is alarmingly high at 60.5%.

2. Enhancing Career Counseling: Effective counseling is essential for managing expectations and reducing dropout rates. Students need a clear understanding of industry demands, including working hours, career opportunities,growth prospects, and challenges. Providing detailed and realistic career information during counseling sessions can help students make informed decisions and minimize the chances of dropping out due to unforeseen challenges.

3. Strengthening Entry Barriers: Educational institutions should establish stronger entry barriers to attract genuinely interested students. This prevents institutions from becoming default options for those uncertain about their career paths. Implementing rigorous selection criteria maintains high standards and fosters a committed student body.
Example: Implementing aptitude tests aligned with program/industry requirements, or requiring relevant work experience or volunteer activities.

4. Enhancing Industry Engagement: Integrating in-class learning with practical industry experience is crucial.Internships, work-study programs, and on-the-job training can provide students with valuable real-world exposure.Encouraging faculty to gain industry experience aligns teaching with current practices. Collaborations with industry partners committed to training and development create robust career pathways.
Additionally, involving industry practitioners through initiatives like the ‘Professor of Practice’ program brings real-world insights into the classroom.

5. Redesigning the Curriculum: A transformative curriculum overhaul is needed to align with industry requirements.Questioning the relevance of existing content and focusing on practical applications is essential. Dynamic and flexible curricula that evolve with industry changes are crucial. Stackable modules offering focused, applied learning with academic credits are a step in the right direction.
Example: Developing project-based learning modules that simulate real-world challenges.

6. Embracing Innovative Pedagogy: Adopting innovative teaching methods like problem-based learning, case studies, and simulations fosters active learning and critical thinking.

Bridging the gap between education and employment requires a multifaceted approach. By revamping recruitment,enhancing counseling, fostering industry engagement, redesigning curricula, and embracing innovative pedagogy,educational institutions can better prepare students for successful careers.

Author: Prof. Sandeep Munjal, Director, Vedatya Institute

Disclaimer: The views expressed in this article are solely those of the author and do not necessarily reflect the opinions or policies of ObserveNow Media. The author is solely responsible for ensuring the accuracy, completeness, and validity of the information presented, encouraging readers to independently verify and seek professional advice if needed.

 

Green is the New Gold: This Ganpati, Go Eco-Friendly

In a time-honored tradition, Sanatan beliefs emphasize the importance of worshiping Lord Ganesha before any auspicious event. This reverence is why the festive season in India begins with Ganesh Chaturthi.

A few years ago, during his ‘Mann Ki Baat’ address, the Prime Minister urged the nation to embrace eco-friendly practices by avoiding the use of plaster of Paris (POP) for making idols and instead opting for natural clay.The Central Pollution Control Board did a study on the impact of immersion of Idols on lakes. They concluded that the water quality had depleted, the acid content had increased, the TDS (Total Dissolved Solids) had increased by 100% and the oxygen level had reduced. Even heavy metals like iron and copper had increased by 10 times in the composition of the water.

In 2014, another study was conducted on the lakes of Mumbai. The study concluded that there were significant changes in the physicochemical properties of water. The PH of water before immersion was 6.7-6.8, but after immersion, it was 7.5. The temperature of the lakes also increased. This affected the oxygen level in the water. During pre-immersion, the dissolved oxygen was observed to be very low (0.4-0.5mg/litre). It was observed comparably high during the post-immersion (1.4-2.5 mg/litre) which is not suitable for fauna and flora.

Responding to this call, the governments of Telangana, Maharashtra, and Rajasthan took proactive steps by issuing orders that promote the use of clay idols. However, in Delhi, the capital city, POP idols are still being produced and sold, particularly along roadsides from Noida to Akshardham. This situation mirrors the reality in many cities and towns across the country.

As the festival season continues, with celebrations like Durga Puja, Navratri, Vishwakarma Puja, Diwali, and Holi, the importance of using eco-friendly materials becomes even more pressing. It is estimated that over one million idols are crafted during these three months, with 90 percent of them made from POP. This leads to the submersion of hundreds of tons of POP, chemical dyes, and other materials into the nation’s water bodies, causing significant environmental harm.

Plaster of Paris, which is calcium sulfate hemihydrate derived from gypsum, does not degrade easily. Most POP idols are water-insoluble and painted with non-biodegradable colors, drastically reducing the biological oxygen demand in water after immersion, posing a serious threat to aquatic life.

In the past, potters would collect fine clay from riverbanks during the monsoon season to craft idols. These clay idols, when immersed in water after worship, would break down naturally, providing nourishment for aquatic animals. After August, fish eggs hatch, and the young fish rely on ample food to grow. Offerings from these clay idols would support fish and turtles, which play a crucial role in maintaining clean water.

In the Arabian Sea off the Mumbai coasts every year there are over 1.5 lakh idols immersed leading to the fall of oxygen level in the sea by 50 percent right after the festival.

The significance of celebrating Green Ganesha and embracing eco-friendly practices during Ganesh Chaturthi is essential for a number of key reasons:

1. Environmental Conservation
Celebrating a green Ganesh Chaturthi helps reduce pollution and conserves natural resources. By choosing sustainable materials, we can prevent the degradation of water bodies and soil, ensuring a healthier environment for future generations.

2. Promoting Health and Safety
Using natural and non-toxic materials for Ganesha idols reduces health risks associated with exposure to harmful chemicals. Cleaner air and water lead to a safer and healthier community.

3. Supporting Local Artisans
Eco-friendly idols are often handcrafted by local artisans using traditional methods. By opting for these idols, we support their livelihoods and help preserve cultural heritage and craftsmanship.

4. Raising Awareness
Celebrating Green Ganesha creates awareness about environmental issues and encourages others to adopt sustainable practices. It fosters a sense of responsibility towards the environment and inspires collective action for a greener planet.

5. Legal Compliance
Many regions have regulations in place to prevent the use of harmful materials for idol-making. Adhering to these guidelines ensures compliance with the law and promotes ethical practices.

Therefore, it is essential to return to the tradition of using clay idols, allowing the soil to return to soil, to protect our environment and preserve the delicate balance of our ecosystem.

 

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