4, Apr 2023
Karur Vysya Bank ties up with SBI Life Insurance; offer choice & quality Banca options to its customers
April 04, 2023! Karur Vysya Bank has entered into an arrangement with SBI Life Insurance to market their insurance schemes through the branches of the Bank.
Commenting on the arrangement, Shri B Ramesh Babu, MD & CEO of Karur Vysya Bank said, “KVB with its tradition spanning over 105 years is a major player, particularly in the States of Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka. KVB offers an entire range of financial services through tie-ups with leading service providers. In an attempt to offer a wider choice to its customers in the life insurance sphere, KVB has today inked an agreement with SBI Life. I am sure that together both of us will be able to provide not just choice but quality options to the customers in the days to come.”
Speaking about the partnership, Mr. Mahesh Kumar Sharma, MD & CEO, SBI Life Insurance, said, “Partnership alliances provide a boost to the insurance sector by making holistic insurance solutions accessible to the larger populace across the country. We are thrilled to collaborate with Karur Vysya Bank, which brings with it a vast experience of over a century, adding value to its customers. We look forward to strengthening the financial immunity of Karur Vysya Bank’s customers with our value-packed life insurance solutions and tech-enabled services. We are confident that the partnership will further enable us to expand the insurance market across the bank’s presence in the country.”
- 0
- By Rabindra
4, Apr 2023
GOOD FLIPPIN’ BURGERS® Opens Two New Outlets in Mumbai
Mumbai,4 April 2023: GOOD FLIPPIN’ BURGERS® has announced the launch of two new outlets in Thane Wagle Estate and Mira Road, in Mumbai. With the launch of these new outlets, the burger brand will look at bringing its delicious offerings to new consumers from the extreme ends of the city as well.
The Thane Wagle Estate outlet is a curbside pickup, providing customers with signature dishes straight to their doorstep through online orders and delivery services. With this outlet, they aim to cater to the needs of customers who prefer to enjoy food from the comfort of their homes or offices.
The Mira Road outlet, on the other hand, is a hybrid establishment offering a range of dining options, including dine-in, takeaway, and delivery services. With outdoor seating available for about 12, this outlet is the perfect place to enjoy a delectable meal with friends or family in a pleasant outdoor ambiance.
“We are thrilled to announce the opening of our two new outlets in Mumbai, which will bring our offerings to even more people in the Thane and Mira Road areas. We understand that in large cities like Mumbai, we reach as close to our consumers as possible to give them the best experience of our burgers. We believe food is an experience that should be savored and enjoyed to the fullest, and we are committed to providing just that to our customers,” says Viren D’Silva, Co-founder of GOOD FLIPPIN’ BURGERS®.
Whether looking for a quick and convenient meal on the go or a leisurely dining experience with friends and family, GOOD FLIPPIN’ BURGERS®’s new outlets in Thane Wagle Estate and Mira Road sure have something for everyone. Pay a visit today and discover juicy and flavourful burgers.
4, Apr 2023
Sony India introduces newest compact addition to the Full-Frame lens line-up with FE 50mm F1.4 GM lens
New Delhi, 4 April 2023: Sony has announced the FE 50mm F1.4 GM lens (model SEL50F14GM) as its newest addition to its acclaimed G Master full-frame lens lineup. This e-mount lens expands the Sony offerings with a premium 50 mm prime lens packed into a remarkably compact and lightweight design. Even at F1.4, FE 50mm F1.4 GM delivers first-class image quality, including high-resolution and naturally rendered bokeh known to Sony’s top-tier G Master™ series. When paired with the latest Sony cameras, it is an ideal option for a wide variety of uses in both still and video including portraiture, landscape, travel, and wedding.
“At Sony, we are evolving our products to the needs of today’s content creators and are proud to announce the newest innovation with the FE 50mm F1.4 GM lens, the latest addition to the E-mount lens line-up. This prime lens is a great choice for both photography and videography use and delivers exceptional image quality at 50 mm, which is one of the most popular focal lengths. The versatile lens packs Sony’s latest G Master technology in such a compact form factor.” said Mukesh Srivastava, Digital Imaging Head, Sony India.
1. Sharp imagery and beautiful bokeh
The advanced optical design and elements unique to Sony’s top-of-the-line G Master™ series brings outstanding image quality to FE 50mm F1.4 GM. Spherical aberration control at both the design and the manufacturing stages contributes to beautiful bokeh. The lens offers naturally rendered bokeh with an 11-blade circular aperture and sharp realism is offered throughout maximum aperture range. Deep, creamy bokeh at F1.4 is ideal for a variety of shooting scenarios including making portrait subjects stand out from their surroundings.
FE 50mm F1.4 GM is packed with two XA (extreme aspherical) elements that effectively correct field curvature and most types of aberration. This lens is also designed with one ED (extra-low dispersion) glass element that suppresses chromatic aberration to maintain clear and sharp images without color bleeding. The design combination of the XA and ED elements helps achieve high resolution throughout the entire frame. Sony’s original Nano AR Coating II on the lens suppresses reflections even in a backlit scene.
In addition, the minimum focusing distance of FE 50mm F1.4 GM is just 0.41 meters and the maximum magnification is 0.16x when autofocus is used[i]. This level of close-up performance provides extra flexibility when shooting both stills and videos.
2. Remarkably compact design for maximum versatility
The FE 50mm F1.4 GM has Sony’s most advanced optical design technology including precisely positioned XA elements, high-thrust XD (extreme dynamic) linear motors, and the latest compact circular aperture unit. These elements are critical for realising a large-aperture, high-resolution lens that is only 80.6 mm in diameter, 96.0 mm in length, and 516 grams in weight. These measurements allow for a lens that is 33% lighter and 15% less volume when compared to conventional models with the same specifications[ii].
The compact size of FE 50mm F1.4 GM paired with a Sony camera body makes this lens extremely versatile in both still and video shooting situations. With this type of mobility and low-light performance, this lens is a great choice for everything from portraits, landscapes, weddings, and travel. The compact size also makes it an ideal lens selection for gimbal and drone operation.
3. Fast, precise, and reliable autofocus
The FE 50mm F1.4 GM’s autofocus is extremely fast and precise, making it an ideal choice for reliable content creation. The autofocus is as much as 1.9x faster[iii] than conventional models with the same specifications2. The lens’s focus group is driven by Sony’s high-thrust XD linear motors and incorporates an advanced control algorithm for a smooth, responsive focus drive. When paired with the latest Sony’s Alpha cameras, this lens can quickly acquire focus and track subjects, even when using the shallow depth of field available at F1.4.
The XD linear motors and control algorithm optimizes the response to control signals so that focusing is precise, and the vibration is minimized for refined, quiet AF operation. This is extremely advantageous when shooting movies allowing movie subjects to be smoothly captured and tracked even when shooting at 120 fps or other high frame rates. The ability to leave focus to the camera when shooting solo or with a small team can dramatically enhance efficiency and creative flexibility. The FE 50mm F1.4 GM features the latest lens technology to reduce focus breathing to ensure that the highest quality images are captured. In addition, FE 50mm F1.4 GM supports the breathing compensation[iv] function provided in compatible Sony Alpha cameras.
4. Intuitive operability and outstanding reliability
The lens has been designed intuitively to help provide creators with maximum workflow efficiency while shooting. Linear Response MF ensures that the focus ring responds directly and repeatably to subtle control when focusing manually. As an exciting evolution to the premium G Master line-up, FE 50mm F1.4 GM also features an iris lock switch, which is the first ever to be offered on a Sony prime lens. Additionally, this lens features a 67 mm thread mount, allowing for a filter to be interchangeable with the FE 24mm F1.4 G Master and FE 35mm F1.4 G Master lenses.
Focus hold buttons and a focus mode switch provide extra shooting versatility for content creators. Customizable focus hold buttons are present in two locations, which can be further assigned to several other functions from the camera’s menus. The focus mode switch makes it possible to switch between autofocus and manual focus on the fly, to quickly adapt to changing shooting conditions.
The FE 50mm F1.4 GM’s front lens element features a fluorine coating that repels and allows for easy removal of fingerprints, dust, water, oil, and other contaminants. A dust and moisture-resistant design[v] provides extra reliability for outdoor use in challenging conditions. These additions allow creators to use the lens with confidence in almost any shooting environment.
Pricing and Availability
The new FE 50mm F1.4 GM lens will be available across all Sony Centers, Alpha Flagship stores, e-commerce websites (Amazon and Flipkart), www.ShopatSC.com portal and major electronic stores across India from 3rd April 2023 onwards.
|
MRP (in INR) |
Availability |
|
|
FE 50mm F1.4 GM |
149,990/- |
3rd April 2023 onwards |
4, Apr 2023
TiE Mumbai appoints Ranu Vohra as the new President of the chapter and Dr. Apoorva Ranjan Sharma as the President Elect
Mumbai, April 04, 2023: The Indus Entrepreneurs (TiE) Mumbai announced today that Ranu Vohra will be taking over as the President of TiE Mumbai from April 2023 onwards for a period of two years. Dr. Apoorva Ranjan Sharma will be the President-Elect for the same period.
TiE Mumbai has made significant positive strides over the past 24 months in all aspects of its operations and outreach to entrepreneurs. In the last 2 years, TiE Mumbai has seen tremendous transformation, and new energy with strategic vision and direction to foster entrepreneurship in the ecosystem. Post-pandemic, TiE Mumbai successfully managed to migrate from digital space and moved back into the world of physical meetings, events, and catch-ups.
Welcoming Ranu Vohra and Dr. Apoorva Ranjan Sharma, Amit Mookim, Past President, TiE Mumbai said, “Over the last 2 years, TiE Mumbai’s charter member base has grown 2x. TiE Mumbai’s revenue base through a mix of TiEcon, Open Innovation programs, Membership has grown by 2x and is slated to grow to 3x revenue by the end of this year. Today we are tightening our Governance Structures, building a Robust Team, Board and Charter Members with a 3-5 year Vision and Leadership in mind. Ranu and Apoorva have been a part of the TiE Mumbai leadership and the TiE network for a long time. They together are well positioned to scale TiE Mumbai even further and continue this growth trajectory.”
Commenting on his election, Ranu Vohra, President, TiE Mumbai said “TiE Mumbai has been the crucible for innovation and for entrepreneurs to interact, learn from one another and build more sustainable, robust businesses. Mumbai continues to offer significant advantages to the growing cohort of entrepreneurs and in offering a great start-up ecosystem, which is so vital for companies to start and prosper. TiE Mumbai will be central to entrepreneurs as they go along in the journey to become more meaningful and responsible corporate citizens for the country. Besides, as the financial capital of India,
Mumbai offers companies the resource they need the most as they build on their value proposition. My vision is to continue its rich legacy and bring Mumbai higher on the country’s startup map through TiE. I would like to thank the Past Presidents and the current Board of TiE for electing me to this position. I would also like to thank the outgoing President, Amit Mookim, in strengthening TiE and continuing the rich legacy despite a tough COVID environment.”
In the past two years, under the leadership of Amit Mookim, TiE Mumbai has made tremendous progress and has achieved several feats. TiEcon 2022 was an overwhelming success with 27 Unicorns, 3600 Delegates, 1500+Startups and a fantastic mix of Leaders and Officials. This was a major boost to the startup ecosystem and TiE Mumbai’s memberships, thus creating a healthy surplus for the organization.
During the height of the pandemic, TiE Mumbai pivoted to starting Open Innovation programs for corporates. TiE Mumbai helped these corporates from Designing, building value for startups, executing the program (cohorts) to holding a demo/graduation day as a part of the entire exercise. Today, TiE Mumbai is viewed as one of the successful partners in India to help corporates in their Open Innovation Strategy and Programs. It won the “Most Innovative Program” among all the other chapters at the last Rome Retreat. It has also organized several Thought Leadership Series, investor connects, and venture-to-invest classes during this period. TiE Mumbai Special Interest Groups viz. Fintech, Healthcare, Food Network. Media and Retail created excellent value for Start-ups. TiE Mumbai has also been highly active in engaging with other chapters both in India and across the globe. TIE Mumbai’s intra-chapter index has gone up notches over the past couple of years.
Dr. Apoorva Ranjan Sharma, President-Elect, of TiE Mumbai added, “We are witnessing a staggering growth momentum in the Startup sector in India. I am very excited about my new role at TiE Mumbai, which will help me contribute to this trajectory. I congratulate Amit Mookim on an extremely successful tenure at TiE Mumbai. I look forward to closely working with Ranu Vohra and the board to continue this momentum with a focus on structured mentoring thus adding value to the various stakeholders by fostering entrepreneurship, boosting innovation, knowledge sharing and funding. TiE Mumbai is at an inflection point in its current journey, ready to scale up and take on more initiatives to address the larger issues of our ecosystem.”
“In their new roles, Ranu Vohra and Dr. Apoorva Ranjan Sharma will together charter the path of building a concrete leadership team for the Startup ecosystem with a 5-year view. Their combination works significantly well since Ranu brings with him his rich experience with late-stage startups coupled with solid investments in that space while Apoorva adds immense value as he has built a strong investment network for early to growth stage companies. Their combination covers the entire breadth of the industry effectively.” said Harish Mehta, Author – The Maverick Effect, Co-Founder & First Elected Chairperson -of NASSCOM, Chairman Past Presidents Council- TiE Mumbai, Founder and Chairman – Onward Technologies Ltd.
The new leadership team will further leverage TiE Mumbai’s presence and initiatives, and strengthen the startup connect with the investor, government, corporate and trade networks and build knowledge and agenda driven programs to enhance Mumbai’s presence as a preferred destination for startups. Profile of Ranu Vohra Ranu Vohra is the co-founder of Avendus Capital, a leading financial services organization, and currently serves as its Executive Vice Chairman. He along with his fellow co-founders has been responsible for Avendus’ overall growth over the last 23 years. He has spent the last 28 years in the Indian financial services industry concluding several marquee transactions in investment banking and private equity. He is based in Mumbai.
He has worked alongside several notable entrepreneurs in helping them chart their growth journeys, capital raising, M&A, restructuring and in reaching their goals for success. Prior to co-founding Avendus, Ranu worked with a Tampa (USA) based technology and media investment bank, Communications Equity Associates (CEA) and Hinduja Finance, a diversified financial services firm. He holds an MBA degree from FMS, New Delhi and has a bachelor’s degree in mechanical engineering from IIT, New Delhi.
Dr. Apoorva Ranjan Sharma an Entrepreneur, Angel Investor, and Visionary is a founding father of the startup ecosystem in India and has been mentoring & investing in startups since 2002. He has curated, incubated, and led seed investments of over 100 startups to date. He co-founded Venture Catalysts, 9Unicorns, Elev8, and Beams Fintech Fund. Dr. Sharma has been awarded by The President of India, Mr. Ratan Tata & Mr. Narayan Murthy for his milestone contributions to the startup movement in India. He holds a Ph.D. in Incubation. The Economic Times ranked him among the top 10 most active angel investors for three consecutive years.
4, Apr 2023
CureBay appoints Vasant Nangia as President to strengthen its leadership team
India April 04 2023: CureBay, an innovative health-tech platform focused on bringing high-quality and affordable healthcare to underserved patients in rural India, has announced the appointment of Vasant Nangia as President effective 3 April. In his new role, Nangia will forefront CureBay’s operations and spearhead its efforts to augment its reach and impact across the region.
With Vasant’s appointment, CureBay now aims to rapidly scale up from its current 30 e-clinics and pharmacies to building a world-class health-tech enterprise, by harnessing innovative technology and rapidly building seamless infrastructure across geographies.
An alumnus of IIM Calcutta, Vasant Nangia recently stepped down as the CEO of Chumbak Design, a home and lifestyle retailer acquired by GOAT Brand Labs earlier this year.
Having built a crack team with domain experts in healthcare and technology, Priyadarshi, Founder & CEO of CureBay, while sharing his views on bringing in Vasant, said “Vasant brings in years of experience not just in transformational leadership but also in executional excellence. His onboarding will help the entire leadership team at CureBay as we make strong strides towards redefining how affordable healthcare services will be made accessible to a billion people. I am eagerly looking forward to growing CureBay by leaps and bounds as we start this new financial year together.”
Speaking on his appointment and collaborating with Priyadarshi for the third time, Vasant Nangia, said, “I am delighted to collaborate once again with Priyadarshi and equally thrilled to be a part of CureBay. The platform’s outstanding work in connecting patients from underserved markets to reliable healthcare providers across the chain is truly commendable. I am excited to join the stellar team at CureBay to take its operations to the next level and make a positive impact. It is an honour to be a part of an organization that is dedicated to improving healthcare access and outcomes for millions of individuals in rural India, and I am excited to contribute my expertise and experience towards this noble cause.”
Both the industry veterans along with a few colleagues introduced the Karatmeter, a device to quickly and non-destructively measure the purity of gold, that transformed the jewellery industry and catapulted an ailing Tanishq to becoming the blockbuster revenue and profit earner for Titan.
Following his successful tenure at Tanishq, Vasant co-founded Oyzterbay.com along with Priyadarshi to provide contemporary and affordable jewellery for the burgeoning young Indian population. The Oyzterbay team was acquihired by the US-based Fossil Group in 2007 where Vasant further played a vital role in establishing Fossil India as one of the group’s largest global subsidiaries. He then relocated to Hong Kong as Fossil Group’s Senior Vice-President.
Co-founded in 2022 by Priyadarshi Mohapatra along with Shobhan Mahapatra and Sanjay Swain, CureBay was established with the goal of creating a similar transformation in healthcare – building an innovative model for delivering last mile in healthcare services through a tech leveraged hybrid model. The platform has recently closed a Series A funding round of INR 50 crore led by Elevar Equity, positioning the organization for further growth and expansion.
3, Apr 2023
AAFT University Hosts Exclusive Masterclass with famous Bollywood Star Shreyas Talpade
India, April 3, 2023: AAFT University, a leader in professional education, proudly welcomes renowned Bollywood actor Shreyas Talpade for an exclusive masterclass, designed to inspire students and other attendees. Entitled ‘Behind the Scenes: Exploring the Film Industry with Shreyas Talpade,’ the interactive session took place on April 1, 2023, 3 PM at the University Campus.
A critically acclaimed force in Hindi and Marathi cinema, Shreyas Talpade has contributed to outstanding films such as Om Shanti Om, Iqbal, The Golmaal Series, Dil Dosti Etc, Kaun Praveen Tambe, Houseful, and Apna Sapna Money Money. The Mumbai-born actor, director, and producer boast a number of accolades, including the ‘Zee Cine Award for Best Actor’ for Iqbal, and the ‘Stardust Breakthrough Performance Award for Om Shanti Om.
Committed to providing skill-based learning opportunities, AAFT University has curated numerous sessions with industry experts and renowned celebrities. These events offer students unique insights and networking prospects. Shreyas Talpade, a beloved icon, will certainly inspire those aspiring to join the film industry.
Akshay Marwah, Co-Founder of AAFT University, expressed his enthusiasm: “We are thrilled to welcome a self-made star like Shreyas Talpade, who embodies humility, raw talent, and dedication. This special session presents an invaluable opportunity for our students and expert faculty to gain insights from Mr. Talpade’s years of experience in the film industry. We are honored to have him join our AAFT family.”
Mohit Marwah, Co-Founder of AAFT Online, added, “Shreyas Talpade’s presence at our university is a testament to our commitment to providing top-notch, industry-relevant experiences for our students. His vast knowledge and unique perspective on the film industry will undoubtedly leave a lasting impact on our students and faculty alike. We are truly grateful for his involvement in this special masterclass.”
3, Apr 2023
Honorary Consular Corps Diplomatique-India organised an evening to acknowledge Consular Day
Mr. K.L Ganju, o.c.v.c (cdr.), Consul General (Hy.) and Advisor to the Foreign Minister, Union of Comoros, President & Members of Board of Directors of Honorary Consular Corps Diplomatique-India host an evening to acknowledge Consular Day that beheld the momentous felicitation of “Vivek Burman (Dabur) Peace Prize” bestowed to Padma Shri Mr. Jatinder Singh Shuntyji and Hon’ble Mr. Suresh Chukkapalli, Honorary Consul General of South Korea. The occasion was adorned by the presence of H.E. Mr.V. Muraleedharan, Minister of State for External Affairs and Parliamentary Affairs, H.E. Mr. Alem Tsehaye Woldemariam, High Commissioner of Eritrea and Dean of the Diplomatic Corp and Padma Shri awardee, Excellency Mr. Vikramjit Singh Sahney, Member of Parliament (Rajya Sabha) at ITC Maurya, Delhi.
3, Apr 2023
Funding the unfunded in Alternative way through Alternate Investment Fund Route
April 03, 2023: During FY2022, SIDBI implemented a special liquidity package of `16000 crores of RBI fund [SLF-3] to reach out to a large section of beneficiaries by launching innovative products viz. Double Intermediation (DI) in association with well-rated and established NBFCs/NBFC-MFIs, Partially Guaranteed Pooled Loan Issuance (PGPLI) Scheme in which the pool of receivable with homogenous member NBFCs/MFIs/fintech is funded by SIDBI with a partial guarantee to give the comfort to the lender (SIDBI) to lend such a low/unrated entity. The third type of assistance is aimed at boosting the bond market by subscribing to primary/secondary issues of NCDs of NBFCs/MFIs/Fintech etch through an AIF mechanism.
The key objective of the fund/scheme is to address the issue of funding the unfunded through an intermediary known as an Investment Manager/Fund manager. The smaller/mid-sized NBFCs/MFIs which are having relatively high-risk profiles and are low/unrated, find it difficult to access credit support from mainline/formal funding channels at reasonable rates of Interest. Hence, the risk of funding such low profile Institutions necessitated a common corpus with multiple investors, and diversified risks in the fund wherein SIDBI would be the principal investor. The product was branded as ‘Promising Lenders Fund (PLF)’ and launched in two phases. The main eligibility criteria for IM is it should be a SEBI-registered AIF with, the experience of handling AIF/ VCF schemes (live / closed) in the past. Phase I of the fund (PLF-1) has been fully implemented with target corpus of `300 crore between March 2022 and – October 2022 ) which benefitted about 16 BBB (+/-) or low rated NBFCs/MFIs/Fintech. The IM offers capital loss protection for the investment of SIDBI in the fund, as per objective and structure of the fund. The second phase of the fund with aggregate target corpus of `600 crore (including green shoe option of `200 crore) is launched in March 2023 with the objective of subscribing to the bond issue of 20-25 identified, eligible NBFCs/MFIs/Fintech which is expected to benefit of 4000 MSME borrowers at the bottom of the enterprise pyramid. The PLF-2 of `600 crore corpus is being operated in association with Vivriti Asset management Private Limited, which is a leading fund house in India and manages an AUM of USD 730 mn with, benefit flowing to 250 + mid-market enterprises across various sectors.
3, Apr 2023
Dr Sheth’s- April fool campaign with actress Raashi Khaana
3 April 2023, Gurugram: With the rise of exaggerated and gimmicky claims by skincare brands, consumers have become vulnerable to rampant misinformation in the industry. To address this issue, India’s trusted and oldest dermatologically formulated brand, Dr. Sheth’s, is launching its first-ever campaign to debunk common myths surrounding transformative skincare claims. The campaign, called #DermatKnowsBest, features actress Raashi Khanna and aims to shift the conversation back to the skincare experts – dermatologists.
It starts with an announcement on TV about a new miracle serum from Mars with cutting-edge technology and Martian Sand that can transform skin in just one drop. The campaign highlights how the quick transformational claims by skincare brands are a hoax, funnily and humorously, via an Instagram reel by Raashii Khanna where she unboxes and applies this mysterious product based on cutting-edge technology and ingredients from outer space for instant results. However, her skin returns to its previous state a few moments later, driving the important message that miracle skincare products don’t exist and that it is best to leave skincare problems to Fermat’s expertise.
Dr. Sheth’s is the world’s first dermatologist-formulated skincare brand with products designed specifically for Indian skin, based on the clinical experiences, knowledge & expertise of three generations of skin doctors. Today, India’s Skincare market is flooded with products based on learnings from Western and Caucasian Skin. Despite being >10% of the world’s population, Indians are forced to settle for products based on imported formulas that deliver sub-par results. Dr. Sheth’s mission is to bring Indian Skincare into the 21st century, allowing everyday Indians to access high-quality, scientific solutions made specifically for Indian skin. In doing so, we are democratizing the secrets of the country’s oldest and most renowned Dermatology Clinics in everyday use formats that consumers are familiar with, know, and love.
3, Apr 2023
Skillsoft’s 2023 Women in Tech Report: Job Satisfaction Drops as Gender Imbalance Grows
India, 03 April 2023 – Skillsoft (NYSE: SKIL), a leading platform for transformative learning experiences, today released its 2023 Women in Tech Report, which explores the top challenges and areas of opportunity for women working in the technology industry. The report highlights a growing gender imbalance, with nearly half (45%) of women technologists surveyed indicating that they are now outnumbered by men in the workplace by ratios of four-to-one or greater – a significant increase from 25% who said the same in 2021.
This reported gender disparity is even more pronounced at the executive and senior levels of leadership. Skillsoft’s IT Skills and Salary research found that among technology professionals with at least 26 years of experience, 15% of men hold executive-level positions compared to just 4% of women. Meanwhile, 30% of female technologists are reporting dissatisfaction with their current growth potential and 36% are considering leaving their jobs due to a lack of equity in opportunities.
Despite these obstacles, career growth remains a top priority for female technologists. 92% said professional development and training is an extremely or very important benefit, and when asked about ways employers can better support them, the top three responses were by providing professional development and training, more coaching, mentoring, and career counseling, and equitable pay, respectively. Additionally, female technologists are actively seeking opportunities to build leadership skills and move into senior roles. More than a third (34%) have earned certifications in leadership and management over the past year, up from 27% in 2021. Leadership and management is also respondents’ top skill area of interest (41%), jumping from the number four spot in 2021.
“Despite the efforts of organizations to make diversity, equity, and inclusion in the workplace a greater priority, our research shows that the gender gap remains quite wide and significant work is needed to achieve true parity at all levels,” said Orla Daly, Chief Information Officer, Skillsoft. “Women in technology are calling for more opportunities to advance their careers via leadership development, technical training, coaching, and mentorship. Meanwhile, organizations are facing a critical need for technology and leadership competencies. This presents a mutual growth opportunity that helps organizations thrive and empowers women to increase their impact by filling these critical gaps.”
Additional highlights from Skillsoft’s 2023 Women in Tech Report include:
Job satisfaction rates are declining, which poses a risk for retention.n in Tech Report include:
- Just 28% of female technologists report being extremely satisfied with their jobs compared to 44% in 2021. Their top three areas of dissatisfaction are with growth potential, current pay, and managerial support, respectively.
- Nearly 40% of respondents are considering switching job roles. Their top three reasons for doing so are better compensation, lack of equity in opportunities, and ineffective leadership, respectively.
- Training should be topical and timely for both employees and organizations.
- Following leadership and management, female technologists are most interested in upskilling in analytics, AI, and machine learning, project management, and cybersecurity, respectively. This aligns with critical business needs, as cybersecurity and AI and machine learning are among the top three priority areas of investment for organizations.
- Women in tech care about how they’re learning. Above all else, they are seeking training opportunities that provide hands-on practice (40%). 37% also said they select training programs based on their preferred delivery formats, such as instructor-led training or on-demand content.
Benefits that support women inside and out of the workplace are impactful.
- While only 34% of respondents have access to coaching, mentoring, and career counseling services, 82% cite this benefit as extremely or very important.
- Only 55% of respondents have access to family leave benefits, despite 81% citing it as extremely or very important.
- Access to remote work increased the most for women in technology between 2021 and 2023, up 33 percentage points.
Download Skillsoft’s 2023 Women in Tech Report for additional survey findings and insights for organizations to support and empower female technologists.
Report Methodology
Skillsoft’s Women in Tech survey was conducted online from December 2022 to February 2023, with the goal of revealing the challenges women in tech commonly face and uncovering ways that employers can better support them. The survey yielded 1,321 complete responses from women who work in the tech industry, at tech organizations or companies, and in tech roles. The number of respondents globally for those who hold jobs within these functions totaled 621. The survey and report were supported by Google, Nutanix, and Red Hat, and it was tabulated using the Qualtrics XM Platform.
