Business Today

Rise of the Net Trainers

With industry needs rapidly changing due to advancing technology, a host of online courses, both globally and locally designed, have sprung up to help professionals upgrade their skills.

"Online learning is about lifelong learning," says Ishan Gupta, Managing Director, Udacity, India. What he means is that the speed of change in the IT industry and its ripple effect across other industries requires professionals today to keep upgrading their knowledge and skills throughout their working lives. Those who stop doing so, cease to acquire further qualifications at the right time, risk redundancy, as the current paradox in the IT industry clearly shows even as experts in Data Analytics, Machine Learning, Deep Learning, Blockchain and more are in desperate demand, large numbers of people are being laid off.

The farsighted ones are heavily into undergoing retraining. And the bulk of such retraining is being imparted, not in brick and mortar classrooms, but through online courses, which began in the US in the mid 2000s, and have since spread across the world. In India, the opportunity for re skilling employees stood at around $93 million in 2016, and is expected to grow to $463 million by 2021, according to a report by KPMG India. Not surprisingly, a large number of courses, ranging from massive open online courses

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today1 min read
Action And Reaction
1 The gold loans market has witnessed significant growth, with compound annual growth rate of 22.7% in the three years to FY23 2 The gold loans outstanding of banks and NBFCs was ₹6.1 lakh crore as of FY23, per a Nirmal Bang report 3 The average gros
Business Today3 min read
“Core Of Insurance Lies In Long-term Security”
WITH A WEALTH of experience and a visionary approach, Vibha Padalkar, MD & CEO of HDFC Life, has been instrumental in shaping the insurer’s success amid an evolving market landscape. In an interaction with Business Today, she talks about strategic in
Business Today1 min read
All Guns Blazing
INDIA’S DEFENCE EXPORTS HAVE JUMPED ALMOST 31-FOLD TO A RECORD OF ₹21,083 CRORE IN FY24 FROM ₹686 CRORE IN FY14, REFLECTING THE COUNTRY’S GROWING CLOUT IN THE GLOBAL DEFENCE MANUFACTURING MARKET. WITH A ROBUST LOCAL MANUFACTURING ECOSYSTEM AND MORE T

Related