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Top Management College in Kolkata | PGDM College in India Praxis

Harnessing the Power of Large Language Models to Revolutionise Data Annotation

Contemporary LLMs possess exceptional language comprehension capabilities, contextual understanding, and text generation capacities that make them uniquely suited to take on data annotation tasks at unprecedented scale and speed   Data annotation is the labelling or tagging of raw data with relevant information, essential for improving the efficacy of machine learning models. The process, however, […]

Problem-Solving and Innovation: Fundamental pillars of business studies – Part I

By integrating problem-solving and innovation into business studies, management institutions can cultivate a holistic skill set that empowers future professionals to navigate the complexities of the corporate world   In the dynamic landscape of modern business, success hinges not only on the ability to identify opportunities but also on adeptly navigating challenges. Problem-solving and innovation […]

The Delegation Dilemma of Leadership

Effective delegation requires a nuanced understanding of trust dynamics between individuals and organizational processes – emphasizing the need for leaders to carefully assess the level of trust in both people and processes   To delegate or not to delegate? When to delegate, when to control?How much to delegate and how much authority to hold back? […]

The Promise and Pitfalls of Large Language Models in the Workplace

While costly and complex to develop, LLMs offer users the promise of performing language-based tasks with efficiency and scale previously limited to human capability. But are they truly the job-replacing titans some predict them to be?   Large Language Models (LLMs) today have emerged as a major technological breakthrough, propelling our abilities to generate text […]

From Sunbeams to Power Plants: Unveiling the Promise of Nuclear Fusion

Replicating the solar process of nuclear fusion on Earth has been the holy grail of scientists for decades, and developments in Japan mark a crucial step towards making it a reality   The world held its breath a couple of months ago this winter, as Japan inaugurated the JT-60SA reactor, the largest operational superconducting tokamak […]

How Relevant is Performance Appraisal in the Modern Workplace? Part III

Organisations are exploring new-age appraisal approaches that align with the changing nature of work and employee expectations –creating a performance management culture that is flexible and employee-centric   As the workplace continues to evolve, organisations are exploring new-age approaches to performance appraisal that align with the changing nature of work and the expectations of employees. […]

The EU AI Act: A Regulatory Milestone

In recent years, global AI regulation has become unequivocally crucial, with an increasing number of countries now enacting laws for ethical AI use. The EU’s upcoming AI Act mirrors nations like the US, Canada, Australia, and Japan, which are also enacting AI regulations due to risks like privacy breaches and biases. Organisations must align with […]

From Text to Blockbuster in Seconds

A Hollywood studio has put on hold its $800-million expansion plans after watching the stunning hyper-realistic videos produced by an OpenAI innovation that leverages a transformer architecture to convert data into spacetime patches of video and image   You’ve probably seen those viral videos recently where people type in a text prompt and an AI […]

How AI Is Redefining Data Careers

Professionally working alongside AI is the future and, rather than being supplanted, the data professionals of tomorrow will be AI-augmented – not automated away!   We are in the midst of an artificial intelligence (AI) revolution that is transforming enterprise data strategies across multiple roles. As AI models require vast training datasets for accuracy, companies […]

Foundation Models: Revolutionising Machine Learning and AI Applications

Foundation models are a cornerstone of the AI ecosystem. While challenges persist, the continued advancement and refinement of foundation models promise to unlock new frontiers in AI innovation, shaping the trajectory of technological progress in the years to come.   Foundation models (FMs) represent a groundbreaking advancement in the field of machine learning (ML), offering […]