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AI and Digital Marketing are Key Skills to Boost Growth: Study

Skilled employees will continue to be the biggest asset for any organization going ahead and while options like lateral hiring and outsourcing may help in the short term

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Skilled employees in AI and Digital Marketing will continue to be the biggest asset for any organization going ahead. Pixabay

Artificial Intelligence (AI) and Machine Learning (ML), digital marketing and design thinking are the top skills that organisations will need to focus on to drive future growth, according to a new study.

Despite the increased awareness around upskilling, the survey by ed-tech company Great Learning found that 47 per cent of the companies surveyed have still not assigned budgets for upskilling their workforce.

“The technology skill gap among employees is one of the biggest challenges that organisations in India are beset with,” Hari Krishnan Nair, Co-founder, Great Learning, said in a statement.

“Skilled employees will continue to be the biggest asset for any organization going ahead and while options like lateral hiring and outsourcing may help in the short term, from a cost and effectiveness point of view, upskilling is the best way to stay competitive in the long run,” Nair said.

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AI and ML, digital marketing and design thinking are the top skills that organisations will need to focus on to drive future growth. Pixabay

As per the survey, that involved more than 300 companies ranging from small and mid-size enterprises (SMEs) to large organisations, 25 per cent of all companies believe AI and ML are the most crucial skills needed to ensure an organisation’s future growth.

Digital marketing emerged second with 19 per cent finding it most crucial. It was followed by design thinking, which 10 per cent of companies indicated as most important.

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Apart from these, skills related to Internet of Things (IoT), robotic process automation (RPA), and natural language processing/generation (NLP/NLG) emerged as important skills in responses from the surveyed organisations. (IANS)

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Xiaomi Smartphones Sold in India are Made in The Country Itself

Xiaomi phones in India are manufactured mainly by Taiwanese giant Foxconn, also known as Hon Hai Precision Industry Co. Ltd

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Xiaomi said it has also started exporting phones made in India to Bangladesh and Nepal. Wikimedia Commons

Almost all of the phones that Chinese smartphone maker Xiaomi sells in India are made in the country, a top company executive said here on Monday, stressing that ‘make in India’ Xiaomi smartphones are now being exported to other countries too, though at a small scale.

“About 99 per cent of the phones sold in India are made in the country. We make three phones per second,” Muralikrishnan B, Chief Operating Officer, Xiaomi India, told reporters here.

Xiaomi phones in India are manufactured mainly by Taiwanese giant Foxconn, also known as Hon Hai Precision Industry Co. Ltd.

The manufacturing is being done at Xiaomi’s two facilities — one at the Sri City special economic zone in Andhra Pradesh and the other at Sriperumbudur in Tamil Nadu.

Xiaomi said it has also started exporting phones made in India to Bangladesh and Nepal.

“We have started exporting to these two countries at a small scale. With more government incentives, we plan to scale up the export of ‘make in India’ phones,” Muralikrishnan noted.

“We will have to see if we can manage the entire logistics. Ultimately, we will have to realise that cost efficiency also matters,” he added.

The COO of India’s biggest smartphone seller said that there are various issues hindering export of its ‘make in India’ products to other countries including certification issues and low rate of duty drawbacks.

“BIS certification is not accepted in many parts of the world. If the government can make BIS certification accepted in countries in Europe, it would help us scale,” he said, adding that India has a lot to learn from Vietnam in terms of incentivising domestic manufacturing.

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Almost all of the phones that Chinese smartphone maker Xiaomi sells in India are made in the country, a top company executive said here on Monday, stressing that ‘make in India’ Xiaomi smartphones are now being exported to other countries too, though at a small scale. Pixabay

About 65 per cent of Xiaomi phone components are also sourced from within the country.

“In terms of manufacturing, the progress that India has made in the past 5 years is phenomenal,” said Foxconn India Country Manager Josh Foulger.

Besides initiatives under ‘Make in India’, the corporate tax relief and improvement in ease of doing business have helped a lot, he added.

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Significantly, all the operators at Foxconn’s Sri City facility for Xiaomi are women. The facility employs over 15,000 people. (IANS)