Latest news with #Industry5.0
The Sun
4 days ago
- Business
- The Sun
GKK Malaysia in tie-up with IITMPTF to bridge digital skills gap
KUALA LUMPUR: Professional training and certifications services, GKK Consultants Sdn Bhd (GKK Malaysia), has sealed a partnership with IIT Madras Pravartak Technologies Foundation (IITMPTF), to support and strengthen Malaysia's National Artificial Intelligence Office (NAIO) and the country's ongoing digital initiatives. Its goal is to bridge the digital skills gap through certified technology education programmes in the emerging technological areas of artificial intelligence, semiconductor design, green energy, Industry 5.0 applications and other advanced digital domains. GKK Malaysia managing director Dr Gajendra Balasingham said that according to Department of Statistics Malaysia, the digital economy alone contributed 23.5% to 2023's GDP of RM427.7 billion and companies are still struggling to hire suitable employees for cloud computing, AI and data analytics. 'Also, with USA's recent tariff applications, this move stands to play a major contribution in overall cost cutting measures as many MNCs will be resorting to hire more Malaysians within their own organisations. This timely collaboration, formalised early this year, stands to empower underserved communities and develop a future-ready workforce for Malaysia's ever-growing tech sector. Programmes will be conducted at various Malaysian public tertiary institutions by industry experts, blending digital literacy with advanced technical skills,' he added. As a key player in Malaysia's tech education-cum HR landscape, he said GKK Malaysia is honoured to collaborate with IITMPTF to advance the nation's digital ambitions. 'This partnership aligns perfectly with Malaysia Digital's focus on AI governance and NAIO's strategic priorities, ensuring our workforce remains competitive in the IR5.0 era,' he added. The first programme involves 550 final-year students at Universiti Utara Malaysia, in collaboration with IITMPTF and GKK Malaysia's ecosystem partners. IITMPTF chief knowledge officer Balamurali Shankar remarked, 'This partnership will decisively bridge the skill gap by preparing more tech professionals in cutting-edge technologies, especially in cybersecurity, AI and machine learning. 'Students will master concepts and gain invaluable, hands-on experience and realwork insights through both academy and industry faculty support. Also, the globally recognised certificates they earn will further enhance their employability, making them highly sought-after talents both in Malaysia and internationally.' Indian High Commissioner to Malaysia B.N. Reddy said they are delighted to learn that GKK Malaysia has established a framework to promote advanced courses in Malaysia via IITMPTF, a renowned, leading innovation hub in India. Its advanced courses in cyber-physical systems and other emerging technology domains are set to significantly enhance the competitive edge of Malaysian firms,' he added. 'This initiative will help local industries stay ahead in an increasingly technology-driven global landscape.'
The Sun
4 days ago
- Business
- The Sun
GKK Malaysia seals tie-up with IIT Madras
KUALA LUMPUR: Professional training and certifications services, GKK Consultants Sdn Bhd (GKK Malaysia), has sealed a partnership with IIT Madras Pravartak Technologies Foundation (IITMPTF), to support and strengthen Malaysia's National Artificial Intelligence Office (NAIO) and the country's ongoing digital initiatives. Its goal is to bridge the digital skills gap through certified technology education programmes in the emerging technological areas of artificial intelligence, semiconductor design, green energy, Industry 5.0 applications and other advanced digital domains. GKK Malaysia managing director Dr Gajendra Balasingham said that according to Department of Statistics Malaysia, the digital economy alone contributed 23.5% to 2023's GDP of RM427.7 billion and companies are still struggling to hire suitable employees for cloud computing, AI and data analytics. 'Also, with USA's recent tariff applications, this move stands to play a major contribution in overall cost cutting measures as many MNCs will be resorting to hire more Malaysians within their own organisations. This timely collaboration, formalised early this year, stands to empower underserved communities and develop a future-ready workforce for Malaysia's ever-growing tech sector. Programmes will be conducted at various Malaysian public tertiary institutions by industry experts, blending digital literacy with advanced technical skills,' he added. As a key player in Malaysia's tech education-cum HR landscape, he said GKK Malaysia is honoured to collaborate with IITMPTF to advance the nation's digital ambitions. 'This partnership aligns perfectly with Malaysia Digital's focus on AI governance and NAIO's strategic priorities, ensuring our workforce remains competitive in the IR5.0 era,' he added. The first programme involves 550 final-year students at Universiti Utara Malaysia, in collaboration with IITMPTF and GKK Malaysia's ecosystem partners. IITMPTF chief knowledge officer Balamurali Shankar remarked, 'This partnership will decisively bridge the skill gap by preparing more tech professionals in cutting-edge technologies, especially in cybersecurity, AI and machine learning. 'Students will master concepts and gain invaluable, hands-on experience and realwork insights through both academy and industry faculty support. Also, the globally recognised certificates they earn will further enhance their employability, making them highly sought-after talents both in Malaysia and internationally.' Indian High Commissioner to Malaysia B.N. Reddy said they are delighted to learn that GKK Malaysia has established a framework to promote advanced courses in Malaysia via IITMPTF, a renowned, leading innovation hub in India. Its advanced courses in cyber-physical systems and other emerging technology domains are set to significantly enhance the competitive edge of Malaysian firms,' he added. 'This initiative will help local industries stay ahead in an increasingly technology-driven global landscape.'
Time of India
20-05-2025
- Business
- Time of India
Former 100X.VC partners launch early-stage fund, target raising Rs 250 crore corpus
Early-stage venture capital (VC) firm 247VC , founded by operator-investors Yagnesh Sanghrajka and Shashank Randev , has launched its first India-focussed fund with a base corpus of Rs 200 crore and a green shoe option of Rs 50 crore. The fund, registered as a Category II Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (Sebi), will offer institutional seed cheques to startups across sectors such as consumption, enterprise tech, deep tech, and Industry 5.0, which includes advanced manufacturing, industrial and allied domains, managing partner Sanghrajka told ET in an interaction. Early backers of the fund include Sachin Tagra, managing partner at JSW Ventures; Vivek Mathur, former partner at VC firm Elevation Capital; and Shailendra Majmundar, a generative AI and machine learning expert at Johns Hopkins University. 247VC plans to invest in around 30 startups over the next three years, with an average cheque size of about Rs 7 crore, including follow-on investments in top-performing portfolio companies. The firm is targeting the first close of the fund within the next four months. 'We will start with Rs 3-4 crore and then inch ourselves up in terms of maintaining our stake with the portfolio as we go along and put more money in future rounds. I think opportunity is pretty much everywhere. But having said that, there are some key themes that are emerging,' said Sanghrajka. Before launching 247VC, Sanghrajka and Randev co-founded Mumbai-based early-stage VC firm alongside Sanjay Mehta and Ninad Karpe. The duo exited in November 2024. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The fund's launch comes amid a challenging environment for early-stage funding in India, as VC firms adopt a more cautious stance due to declining valuations and tepid investor sentiment. However, average cheque sizes at the seed and pre-Series A stages have risen, even as VCs grow more selective. 'I have seen a lot of funds that are straddling between pre-seed and seed investments. However, a lot of large funds are now coming to the seed stage. They are calling it backward integration, as they also want to come into seed. So, we feel we should be able to partner with some of them in the VC ecosystem,' said Sanghrajka. 'This is giving us an opportunity to collaborate with certain larger VCs who want to also come in and join the round when we are cutting our first cheque.' In their previous roles, Sanghrajka and Randev have backed startups, including Knight Fintech, EMO Energy, abCoffee, and Zeron, among others.
Observer
11-05-2025
- Business
- Observer
Essential skills for tomorrow's workplace
The fundamental changes in the future of work are bound to happen due to the explosive growth of technological advancement, decarbonization, and dramatic demographic shifts. Digitization has impacted and will continue to impact human lives with relative influence and a broader scope of application. We are presently in the fourth industrial revolution, Industry 4.0, which is characterized by integrating technologies like artificial intelligence, robotics, interactive themes, cloud computing, and big data. While the world is dominantly experiencing the influence of Industry 4.0, there are discussions and early adoptions of Industry 5.0, especially in some parts of Europe. Industry 5.0 emphasizes the human-centric approach towards technology. According to the World Economic Forum, ongoing skill disruption has stabilized despite uncertainty. 39 per cent of workers' skills will change in the coming five years. Research also shows that skill disruption is not uniform across economies and industries. The lower emerging economies will experience greater skill disruption compared to higher-income and advanced economies. While the core skill sets are relatively consistent across broader industries and geographical regions, notable distinctions exist within specific sectors and geographies. Among the technological expectations, the evolution of AI and big data skills is at the top of the chart, followed by cybersecurity and technology literacy. Employers will also seek complementary skills like resilience, agility, flexibility, curiosity, and lifelong learning. In addition to these self-management skills, talent management, environmental sustainability, and systems thinking are rising, aligning with organizational transformation and the increasing green transition among sectors worldwide. According to the World Economic Forum's Future of Jobs Report, the most essential skills for 2030 are: Skill 1: AI has radically transformed decisions across industries. AI-driven analytics and actionable insights will optimize operations, empower customer experience, and give organizations a competitive edge. AI and Big Data are the fastest-growing skills through 2030, with 87 per cent growth projected to remain competitive. Understanding and leveraging artificial intelligence and data analytics will be critical across industries. Skill 2: By 2030, most jobs will fundamentally require digital literacy, ranging from basic to advanced. The paradigm shift to digital workspaces will drive the surge in demand for ICT specialists and require reskilling. Technology proficiency will become foundational with digital transformation, with 68 per cent expected growth potential. Skill 3: Rapid expansion of digital infrastructure will lead to an increase in sophisticated cybersecurity attacks, necessitating the need for cybersecurity professionals and network management competency. The skillset of cybersecurity, cloud security, and threat intelligence has a 70 per cent growth potential without a shortage of professionals. As digital threats grow, skills in cybersecurity and managing digital networks will be increasingly important. Skill 4: According to the Future of Jobs Report, published by the World Economic Forum, analytical thinking is the top core skill for employers in 2025. In nearly every industry, the ability to analyze information and solve complex problems, identify trends, and solve multifaceted problems to implement practical solutions remains a top priority for employers. Skill 5: Innovation and generating new ideas will be highly valued. As more routine and repetitive tasks are automated, creative thinking and innovation will be the key differentiators in an era of rapid digital transformations. Skill 6: Adaptability to change, learning new skills, and handling uncertainty are crucial as workplaces evolve. Employers seek employees with resilience, flexibility, and agility to navigate and adapt to the neck-breaking speed of technological advancements. Skill 7: Effective leadership, influencing others, and strong interpersonal skills are essential for navigating complex environments. Leadership skills, including influencing and collaborating, are in high demand (61 per cent). Effective leaders foster innovation, guide teams through change, and build inclusive, high-performing cultures. Skill 8: A commitment to continuous learning and personal growth will help professionals stay relevant. Curiosity is one of the core skills to stimulate the learning for life approach. This attitude ensures that professionals remain adaptable and future-ready Skill 9: Skills in attracting, developing, and retaining talent are increasingly important. These skills now encompass empathy, inclusivity, resilience, and aligning leadership goals with organizational goals. Skill 10: Understanding sustainability and green practices is becoming more critical as organizations focus on eco-friendly strategies. Companies embed sustainability into products, business models, and strategy, making green skills essential for future competitiveness and risk management. Research from multiple sources posits that by mid-2025, and looking ahead to 2030, the world will be a melting pot of ten core skills. Nearly 39 per cent of today's skills will be outdated by 2030, making upskilling and adaptability critical for future employability. These skills reflect a shift toward digital fluency, adaptability, problem-solving, and human-centric abilities, preparing workers for a rapidly changing future.
Yahoo
28-04-2025
- Business
- Yahoo
Industrial Data Management Market worth $213.20 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla. , April 28, 2025 /PRNewswire/ -- The global industrial data management market is expected to be valued at USD 105.10 billion in 2025 and is projected to reach USD 213.20 billion by 2030; it is expected to grow at a CAGR of 15.2% from 2025 to 2030 according to a new report by MarketsandMarkets™. The industrial data management market is growing significantly. It is fueled by several factors such as industrial automation, Industry 5.0, real-time data management, rising need for data analytics, and increasing focus of industries to improve efficiency, facilitate predictive maintenance, and simplify manufacturing processes. The widespread development of Internet of Things (IoT) devices in industries such as manufacturing & processing, BFSI, healthcare & life sciences also play a critical role. IoT devices require a reliable system to store, gather, and process data. In the energy sector, data management plays a crucial role in monitoring renewable energy systems, smart grids, etc. Download PDF Brochure: Browse in-depth TOC on "Industrial Data Management Market" 200 – Tables55 – Figures300 – Pages Industrial Data Management Market Report Scope: Report Coverage Details Market Revenue in 2025 $ 105.10 billion Estimated Value by 2030 $ 213.20 billion Growth Rate Poised to grow at a CAGR of 15.2% Market Size Available for 2023–2030 Forecast Period 2025–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Type, Data Type and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Ensuring high quality and accurate data Key Market Opportunities Convergence of IT and OT Key Market Drivers Increasing cyber threats in industrial environments The report includes various end-use industries, such as manufacturing & processing, BFSI, logistics, telecom & networking, healthcare, and others. Data integration & storage segment expected to contribute a significant share during the forecast period. Data integration & storage type are expected to contribute significantly throughout the forecast period. Data integration & storage are set to dominate in the industrial data management market due to the growing need for real-time data accessibility, interoperability, and scalable storage solutions across industries. With the increasing adoption of IoT, AI, and cloud computing, industrial enterprises require seamless data flow between legacy systems, edge devices, and modern cloud-based platforms. Efficient data integration ensures smooth communication between ERP, MES, SCADA, and other industrial systems, which requires interoperability with data management solutions and tools, while advanced storage solutions (cloud, hybrid, and edge storage) enable secure, high-speed data processing for real-time analytics and predictive maintenance. As manufacturing, BFSI, healthcare, and logistics industries generate massive volumes of structured and unstructured data, the demand for scalable, AI-driven data management solutions continues to surge, making data integration & storage the most critical market segment. Modern data stack segment to exhibit highest growth rate in the industrial data management market during forecast period. Modern data stacks are expected to grow fastest in the industrial data management market owing to their robust ability to operate on cloud-based data platforms. Various small, medium, and large organizations are transforming data stacks from legacy on-premises systems to modern, flexible, cloud-based solutions that align with the need for speed and support AI initiatives facilitated by decentralization and scalability. Modern data stacks enable faster insights through real-time data access from cloud data warehouses, which drives greater agility and quicker access to valuable data from growing data stores. By democratizing access to data, enhancing data governance, and improving data quality, modern data stacks enable organizations of all sizes to make more informed decisions, power emerging AI innovations for trusted results, and build a stronger data culture for a snowball effect on growth. A modern data stack is typically more scalable, flexible, and efficient than a legacy one. It relies on cloud computing, whereas a legacy data stack stores data on servers instead of in the cloud. A modern data stack provides access for more data professionals than a legacy data stack. As a result, the modern data stack is anticipated to grow the fastest in the coming years. Inquiry Before Buying: Asia Pacific industrial data management market expected to register highest CAGR forecast period. The Asia Pacific region is growing fastest in the industrial data management industry with increasing industrialization, expanding automation, and heavy demand for real-time monitoring across different industries. China, India, Japan, and South Korea, with robust automobile, electronics, semiconductor, and energy manufacturing bases, are propelling growth. The drive towards Industry 4.0 and smart factory projects in these countries has dramatically raised the demand for sophisticated industrial data management systems that enable automation, predictive maintenance, and process optimization. Moreover, governments in the region are aggressively investing in infrastructure, alternative energy, and electric vehicles, all of which require high-performance data analytics, storage, and integration systems for testing, monitoring, and verification. The growth of R&D activities in educational institutions and the opening up of test laboratories are also driving demand. Asia Pacific is also experiencing a rise in partnerships between international data software providers and regional industries, thus bringing advanced technology closer to more people at an affordable cost. Additionally, the increasing need for cost-effective and advanced industrial data management solutions in a price-sensitive but quality-oriented market provides the region with growth opportunities. All these factors make Asia Pacific the fastest-growing industrial data management market during the forecast period. Key Players The industrial data management companies includes significant Tier I and II players such as Microsoft (US), Alphabet Inc. (US), SAP (Germany), Oracle (US), IBM (US), and AWS (US), among others. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting Related Reports: Industrial Control & Factory Automation Market by Technology (SCADA, DCS, HMI, MES, PAM, WMS, Industrial Robotics, 3D Printing, CNC Controller, Process Analyzer, Flow meter, Communication, Predictive Maintenance, Machine Safety) - Global Forecast to 2029 SCADA Market by Component (Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), Communication Systems, I/O Devices, Storage Servers, Supervisory Systems), Offering, End User and Region - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets
