Upskill yourself in 2024 :

Becoming a Data Scientist in 2024 just got easier.

Brief Overview :

Data Science is named as the sexiest career in the 21st century by a Harvard Survey. Data Science is a Subset of Artificial intelligence that is primarily used for Data analysis and interpretations in today’s Data centric world by making use of Machine learning algorithms. Machine Learning algorithms put simply in turn applies Mathematics to the Dataset provided and learns the patterns from it, which can be used for predictions. We have provided a brief outline for the same below.

Essential Skills required for becoming a Data Scientist in 2024

• Databases: Understanding of Oracle DB, MySQL DB, TeraData, MongoDB, and Postgres SQL.

• Mathematics: Strong grasp of statistical concepts, probability, linear algebra, and calculus.

• Programming Language: Proficiency in Python, R, and SAS.

• Machine Learning: Knowledge of various algorithms like regressions, random forest, decision trees, etc.

• Data Visualization: Ability to visualize results through charts, plots, and graphs.

• Exploratory Data Analysis: Cleaning, manipulating, and organizing data using tools like R, Python, and Flume.

Technology :

Is this the end of road for Instagram Influencers?

• Artificial intelligence is coming for the lucrative $250 billion influencer market.

• With the help of Artificial Intelligence, Major brands are making use of Virtual Influencers who look just like real people.

• This has triggered the alarm that AI influencers are taking over the jobs from Human Influencers.

• Atiana Lopez, an AI influencer with more than 240,000 followers on Instagram earns upto $11,000 a month from brands’s like Victoria Secret.

• Diana Nuńèz, Co founder of The Clueless, the AI agency located in Barcelona,Spain behind the AI influencer says, the astronomical price that Instagram influencers charge for a post was the primary reason behind brands moving away from human influencers to virtual Influencers.

• In addition to this, brands who have worked with AI influencers have reached 11 times more people than their human counterparts have reached.

• This further adds reasons for brands switching to Virtual Influencers for their product promotions.

Stem Cell :

Two Old Infant with Bubble Baby Syndrome gets Bone Marrow transplant

• A two month old baby girl from Karnataka becomes the Youngest patient in the country to get a bone marrow transplant at Wadia Hospital Mumbai

• Baby Anisha was diagnosed with SCID (Severe Combined ImmunoDeficiency) that makes even a slightest of infection a life threatening one

• Anisha’s parents had a child who succumbed after several bouts of Infection at the age of 11 months. After conducting tests as soon as Anisha was born upon doctor’s advice, the tests showed that Baby Anisha had SCID (Bubble baby syndrome) and was further referred to Wadia Hospital in Mumbai.

• Bubble baby syndrome is the term used to define child diagnosed with SCID. If a child suffers from Bubble baby syndrome, he/she will be without an immune system which makes them susceptible to even a very small infections. Hence, the child has to stay within Secure premises typically like a social bubble (Sterlized environment)

• Soon, Anisha was able to find a donor whose stem cells had several matches with her, and the Bone Marrow Transplant (BMT) was completed successfully.

• Her doctors underscore the importance of the early diagnosis and treatment.

What is Severe Combined ImmunoDeficiency (SCID)

Severe Combined Immunodeficiency (SCID) is rare syndrome that appears in infancy that causes children to have a very weak immune system and it  affects about 1 in 100,000 people in the United States. Until a recent breakthrough, Severe Combined Immunodeficiency (SCID) posed a near-fatal risk, leading to the unfortunate demise of most diagnosed children due to recurrent infections. Often, SCID remained undetected in infants until around 6 months, yet by this time, the condition would have already advanced significantly, leading to severe health complications.

Startups :

2024 : The Year of Resurgence for Indian Startups ?

India's startup landscape has experienced a significant transformation this year, presenting a formidable set of challenges that triggered a phase of strategic evaluation and adjustment for startups and investors alike. Despite enduring an extended funding downturn marked by urgent pivots, governance issues, and layoffs, investors have amassed approximately $20 billion in available capital, poised for deployment in startups.

• Transformative Year: India’s startup ecosystem faced challenges but led to strategic reassessment for startups and investors.

• Funding Landscape: Despite a funding winter, about $20 billion is ready for deployment in startups.

• VC Recession: Venture capital receded dramatically from $35 billion in 2021 to $8 billion in 2023, reflecting a global trend of cautious retrenchment.

• Entrepreneur Resilience: Startups like Zepto and Perfios showed agility and vision, securing significant investments amid the funding chill.

• Investor Recalibration: Investors recalibrated their focus to sustainable business models over rapid growth, particularly in early-stage players.

• Venture Debt’s Role: Venture debt emerged as a strategic partner, providing critical support to startups, especially in innovative sectors.

• Sector Reckoning: Sectors like edtech and healthtech faced challenges, emphasizing the importance of high-quality revenue.

• Valuation Challenges: Startups navigated through a foggy valuation landscape using convertible notes and flat rounds.

• Optimism for 2024: Mega deals in companies like Perfios and PhonePe signal optimism. AI, fintech, and EVs are poised to lead the resurgence.

• Financial Services Surge: Financial services witnessed a surge in debt funding, preparing for a spate of IPOs in FY2024-25.

• Dry Powder Deployment: With $20 billion in dry powder, 2024 is anticipated to be a period of strategic growth and potential revival.

• Balancing Innovation and Prudence: Entrepreneurs need to balance innovation with financial prudence, while investors focus on long-term viability.

• Venture Debt’s Role Expands: Venture debt expected to play a more significant role in offering a lifeline to startups.

• Narrative of Adaptability: The Indian startup journey in 2024 is expected to be a narrative of adaptability, strategic foresight, and collaborative growth.