In 2019, close to 97,000 positions related to analytics and data were vacant due to a dearth of qualified talent.
The growing number of online transactions means cybercriminals have been targeting consumers through fraud calls, messages and emails.
The cost of response mechanisms such as detection and notification processeas are high, while company share prices are likely to drop along with revenue, impacting overall brand value. On their part, ethical hackers have criticised domestic internet-consumer companies for a lack of bug bounty programmes following reporting of cyber breaches.
Early-stage funding in 2019 more than doubled to $693 million, compared to $334 million in 2018, driven by a 22% increase in the number of deals and a 70% increase in deal size, according to data by venture debt fund InnoVen.
HR firm Xpheno categorised 79% of tech startups, such as Lending-Kart, Nykaa, Pinelabs, UrbanClap, Practo, Zoomcar, Grofers and ShareChat, as soonicorns. The report predicts that these companies will be doubling their aggregate headcount to 36,000 next year.
The top 100 companies, including funded startups, IT services companies and in-house centres of global corporations, have altogether employed 2.1 million people this year, registering a growth of 7%, which is a drop from the 26% growth seen in the previous two-year period.
India has emerged as one of the top markets for such jobs, which include mostly marketing and social media related roles, according to a report by US-based online marketing analytics firm SEMrush, which shared the data exclusively with ET.
Content moderation work involves tasks like filtering a video, image or text with hate messages, which could end up hurting organisations, businesses or others. Globally, this type of work has received criticism due to the high stress levels and long working hours, often leading to an unhealthy work-life balance.
Facebook started a pilot fact-checking program in Karnataka last year through a partnership with fact-checking portal Boom, followed by one with Vishvas-.News. The company will also act against pages that ‘repeatedly share false news’ and reduce both the moneymaking potential of such pages and their advertising revenue.
While the government and RBI had shown concern against the proliferation of private digital currencies, their interest on the subject has been lukewarm, said Sathvik Vishwanathan, the CEO of cryptocurrency exchange Unocoin.
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