- The Indian Information & Broadcasting ministry has now decided to set up a social media communication hub and deploy executives to monitor online content across each of India’s 716 districts.
- It is estimated that $14 billion of Fintech investments were made in APAC over the past 24 months.
- As per a recent news reported in a leading Economic daily, Fintech sector is planning to ramp up hiring significantly in the next six months. It says Start-ups will be adding to their technology and product teams.
- General Data Protection Regulation (GDPR), rules about how to use client data take effect from today in European Union including the UK. Fines for non-adherence to the GDPR’s rule changes will amount to a €20 million ($24.8 million) or 4 per cent of annual turnover, and any business, anywhere in the world that deals with EU citizens’ data could be hit. More positively, perhaps, the GDPR will put customers and employees who reside in the EU in control of their personal data, empowering
them to choose how businesses and their third parties use their information. Where personal data is not treated correctly, individuals will have increased rights and can claim compensation. - As per a recent Analytics and Data Science Leaders Outlook study 2018 conducted by a leading analytics magazine expects the demand of Analytics at their organization to increase over the next twelve months. The biggest challenge they face is the unavailability of Analytics talent as per the Data Science Leaders in India. The top area of growth in analytics is slated to be in the Digital or Online or Mobile or Social space.
- Analytics specialists are in high demand for human resource roles as companies in India find talent analytics key to improving effectiveness in HR. India has seen 77% growth in specialised analytics professionals employed in human resource functions in the past five years, as an increasing number of companies are turning to analytics to address workforce planning, skills gap and employee retention, according to a study by professional network LinkedIn.
Finalytica May, 2018: Latest happenings in Analytics, Fintech & AI world
Finalytica May, 2018: Latest happenings in Analytics, Fintech & AI world
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