This study responds to six key questions about the impact that the demand for Artificial Intelligence (AI) skills is having on labour markets. What are the occupations where AI skills are most relevant? How do different AI-relevant skills combine in job requirements? How quickly is the demand for AI-related skills diffusing across labour markets and what is the relationship between AI skill demands and the demand for cognitive skills across jobs? Finally, are AI skills leading to a wage premium and how different are the wage returns associated with AI and routine skills?

BENGALURU: Tech upskilling in areas like artificial intelligence (AI)/machine learning (ML), digital marketing and design thinking is crucial for boosting organisational performance, a survey by skilling platform Great Learning has found. The survey was conducted among 307 companies and 25% of all respondents believe equipping AI and machine learning skills is the goto skill for upgradation. In light of the growing digitisation of all aspects of business, digital marketing was seen as the second-most crucial tech skill required for companies to thrive in today's increasingly digital world. Around 19% respondents believe digital marketing skills are imperative for companies to grow. "The technology skill gap among employees is one of the biggest challenges that organisations in India are beset with. While it is encouraging to see that a majority of companies are aware of the need for upskilling, the time to act is now," Hari Krishnan Nair, co-founder of Great Learning, said.

What Does "Artificial Intelligence" Really Mean? Will artificial intelligence take over the world?

The rise of artificial intelligence (AI) is redefining how businesses operate. Artificial intelligence enables computers to learn from experience and accomplish human-like tasks more efficiently by processing large amounts of data and recognizing patterns. Think of how credit card companies use AI to troll through mountains of data to predict and detect fraudulent activity, etc. Over the next decade, data analytics and AI will augment workers' efficiency, as companies rely on leading tech to beat out competitors, according to Gartner's Hype Cycle 2019. However, given the speed of change, most organizations aren't ready for AI.

A new institute dedicated to teaching Artificial Intelligence (AI) applications to university students has been launched in Abu Dhabi on Monday (July 15). This is the first-of-its-kind-institute in the UAE will also train government and industries in AI science and applications. With a Dh160 million five-year-fund for AI projects, Khalifa University of Science and Technology launched the Artificial Intelligence and Intelligent Systems Institute (AI Institute) which will focus on AI, data science, robotics, next generation networks, semiconductor technologies and cybersecurity. The AI Institute will bring all the university's research in robotics, artificial intelligence (AI), cyber-security, data science and information and communication technologies under a single umbrella. "Khalifa University's AI Institute, a single umbrella that gathers activities of six research centres, reflects our commitment to research in next generation digital technologies that are priority areas for the UAE's economy," Dr Arif Sultan Al Hammadi, executive vice-president of Khalifa University of Science and Technology said during the launch of the AI Institute.

According to a global study, in terms of women's advancements in the workforce, India is inconsistent due to various reasons. The study also revealed that while the participation of Indian women in the workforce is only 27 percent, they have a higher-than-average share in artificial intelligence skill set. The global provider of executive search, leadership assessment, and development, Heidrick and Struggles discovered that the country has an inconsistent history of the advancement of women due to cultural norms that fundamentally male-dominant and strongly favor males from birth. The gender inequality in India is hard to tackle which subsequently leads to a low 27 percent participation of women in the workforce. The report also revealed that the low participation rate is due to various cultural factors, as well as challenges faced by women in the workplace, including healthcare access, gender bias, and lack of flexible working opportunities.

The Department for Business, Energy & Industrial Strategy (BEIS) has announced funding to boost the national artificial intelligence (AI) skills base. One of the funding packages comes from industry and government, and will see £200m going towards 1,000 PhD places focused on AI in the next five years. Students will study the application of the technology to support diagnostics in healthcare and enhance processes in industries such as aviation and car manufacturing. Separately, a further £170m will be committed to funding 1,700 places to study PhDs in biosciences. Announcing the funding, prime minister Boris Johnson said the UK must continue to be world-leading in AI and technology.

Employees at all stages of their careers are challenged by the technological and socio-economical changes that are limiting the suitability of these employee's current skills and learning. Widening gap between the skills available and skills in demand is certainly alarming and you should not overlook a timely career advice. To brace yourself for a future-ready career you will require advanced technical training or specialized education. Dynamic re-skilling and learning on-the-go are keys to be successful in the competitive job market. Everybody is talking about Artificial Intelligence.