Skill-based courses on the rise as ed-tech platforms take advantage of the boom
As the world moves towards technological adoption, new era professions in the field of artificial intelligence, blockchain, web 3.0 and data science are on the rise. This created a need for skilled labor in the industry. This has further led edtech companies to create courses to meet the demand. “Apprenticeship and employment assistance are two sides of the same coin. It should be seen as a two-step process aimed at closing the huge skills gap in the IT industry. While preparing learners for in-demand skills, it is also imperative that they are exposed to the right environment that will enable them to apply those skills,” Abhimanyu Saxena, co-founder, Scaler and InterviewBit, told FE Online.
Competency-based courses are the need of the hour to meet the industry’s need for skilled professionals, and the demand for such courses and certifications is also increasing from the learner side. According to Great Learning’s Upskilling Outlook in India 2022 report, upskilling is the only way to survive in the face of changing industry demands. A higher intention for sophistication is seen in 2022 with the emergence of new areas like Web 3.0, Metaverse, NFTs and more. In 2022, 79% of people are still planning to improve their skills, and an additional 11% are on the fence.
As a result, several ed-tech players such as PlanetSpark offer competency-based courses at the K-12 level. “Traditional degrees and subjects have become obsolete and irrelevant. Thus, parents now focus on developing the right skills in their children instead of choosing a career for them. Additionally, there have been more and more policies to make school education more application-based and to make competency-based subjects compulsory. Furthermore, the National Education Policy (NEP) 2020 introduced provisions for competency-based education in schools and further accelerated the process. Finally, ed-tech has solved the problem of access to skills-based education while helping all students and young adults in the country to develop their skills from home,” said Maneesh Dhooper, co-founder from PlanetSpark.
Additionally, results from Coursera’s Campus Skills Report 2022 revealed that in 2020, employers in India posted around 3,79,000 vacancies for cloud-related positions alone. The report further indicates that the nature of jobs and skills are changing and that by 2025, 85 million jobs may not exist, on the contrary 97 million new jobs may increase. Many of these new jobs will focus on cognitive skills such as decision-making and creativity, social and emotional skills such as collaboration and project management, and technological skills such as software programming, machine learning and product design will also be in demand. For Brijesh Kohli, director of Xebia Academy, ed-tech companies have started to focus more on encouraging learners to find jobs rather than providing them with a continuous learning path. “The model based on job creation is more salable, but the emphasis should be on skills acquisition, with career prospects as a corollary,” he added.
Meanwhile, the government has also introduced policies such as the importance of competency-based education National Skills Qualification Framework (NSQF) and National Education Policy (NEP), to be implemented at school level to prepare children for the future by filling the talent gap. Whether for students or professionals, skills-based courses will define the future of the labor market by filling the talent gap. However, as the edtech sector is at the forefront, it is bound to introduce new era courses and make necessary changes to its existing course curriculum to meet industry demands. .
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