Hyundai to test run fully autonomous car next year

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Seoul, Nov 25 | Hyundai Motor said on Thursday it will carry out a test-run of a Level-4 autonomous vehicle here in the first half of next year, as it pushes to get an edge in the future mobility market.

South Korea’s top automaker unveiled the plan during the 2021 ‘Seoul Mobility Show’ this week to start the test-run of the RoboRide service using its Level 4 self-driving vehicle on streets in a designated zone in the downtown capital.

A Level 4 autonomous vehicle means the car can operate almost independently with little intervention or control by the human driver. It is designed to handle unexpected situations, like a system failure, although the human driver can still take back the wheel manually.

The planned operation will help verify and further advance the self-driving technology, Hyundai said.

It also unveiled the rendering of the autonomous vehicle, which will be made based on its electric IONIQ SUV model, reports Yonhap news agency.

“We’re developing a fully autonomous technology that won’t require the driver’s intervention, based on the self-driving technology that has been verified and applied to existing models,” said Jang Woong-jun, head of Hyundai’s autonomous driving division.

“We plan to introduce soon a robo-delivery service that will promote logistics efficiency,” Jang added.

The automaker also revealed it is working to add more functions to Level 4 self-driving, such as the ability to remotely connect to a control center for support in the event of emergencies on the road.

A self-recognition system that detects school buses or ambulances either by their shape or sound so as to give way is also among those being developed, Hyundai said.

Next year, Hyundai said it plans to release IONIQ 6, and its Xcient fuel cell heavy-duty truck and low-floor electric bus called ‘Elec City’ in the country.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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