The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Things we are not aware of-Sri Lanka politics.
Yesterday at 7:55 pm by Ethical Trader

» Plantations - Analysis by Saliya
Yesterday at 11:31 am by lanka

» ඇලබාමා මැතිවරණයෙන් ඩොනල්ඩ් ට්‍රම්ප්ට පරාජයක්
Wed Dec 13, 2017 5:17 pm by Ethical Trader

» දිවියෙන් සමුගැනීම සමරන්න සාදයක්!
Wed Dec 13, 2017 5:12 pm by Ethical Trader

» පැසිෆික් 'ළදරු දූපත' අඟහරු හඳුනාගැනීමට මගක්
Tue Dec 12, 2017 8:12 pm by CK

» Best combination in Sinhala music: Prem+Victor
Tue Dec 12, 2017 3:49 pm by CK

» JKH trades in a tight channal
Tue Dec 12, 2017 12:09 pm by lanka

» Sri Lanka to push ahead with shipping liberalization
Tue Dec 12, 2017 10:13 am by Ethical Trader

» Investment in listed companies.
Tue Dec 12, 2017 8:45 am by Ethical Trader

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sun Dec 10, 2017 6:59 pm by කිත්සිරි ද සිල්වා

» Trading
Sat Dec 09, 2017 7:42 pm by The Alchemist

» In the Meantime, Within Our Shores !
Sat Dec 09, 2017 5:39 pm by Ethical Trader

» ඩොලර් මිලියන 251.4 ක IMF තෙවන ණය වාරිකය අනුමතයි
Fri Dec 08, 2017 5:13 pm by Ethical Trader

» IMF approves US$ 251.4 mn to Lanka
Fri Dec 08, 2017 5:11 pm by Ethical Trader

» Strong uptick in exports, FDI
Fri Dec 08, 2017 12:09 pm by Ethical Trader

» Sri Lanka needs more taxes to cover SOE losses,
Fri Dec 08, 2017 12:04 pm by Ethical Trader

» ජෙරුසලමේ තත්ත්වය : ට්‍රම්ප් පියවරට එරෙහිව පලස්තීනුවෝ වීථි බසිති
Fri Dec 08, 2017 11:56 am by Ethical Trader

» Far reaching new Securities Exchange Bill gazetted
Thu Dec 07, 2017 5:39 pm by Ethical Trader

» Is he an Aladdin with a magic lamp
Thu Dec 07, 2017 5:37 pm by Ethical Trader

» CMEC to build 400 MW natural gas power plant in Sri Lanka
Thu Dec 07, 2017 5:35 pm by Ethical Trader

» Cabinet approves signing of share ownership agreement on Hambantota Port
Thu Dec 07, 2017 5:35 pm by Ethical Trader

» ශ‍්‍රී ලංකාව ලෝකයේ දූෂිතම රටවල් හතර තුලට වැටේ..
Thu Dec 07, 2017 5:31 pm by Ethical Trader

» හම්බන්තොට වරාය චීනයට බාර දීම 09 වෙනිදා
Thu Dec 07, 2017 12:50 pm by Ethical Trader

» Dividend Announcement
Tue Dec 05, 2017 5:06 pm by Ethical Trader

» පළාත් පාලන ඡන්දයේ ඇස්තමේන්තු ගත වියදම බිලියන 3 ඉක්මවයි
Tue Dec 05, 2017 2:31 pm by guruji

» ඉන්දියා යාමට ගිය ක්‍රීඩකයන් ගුවන්තොටේදී යළි කැඳවේ
Tue Dec 05, 2017 2:21 pm by Ethical Trader

» උතුරු කොරියානු මිසයිලය : ගුවනේදී "කැතේ පැසිෆික් කාර්ය මණ්ඩලය දුටුවා""
Tue Dec 05, 2017 2:17 pm by Ethical Trader

» මෙක්සිකෝවේ "කොලපැහැ රත්‍රන්" රකින "අලිගැටපේර පොලිසිය"
Tue Dec 05, 2017 2:06 pm by Ethical Trader

» ජෙට්වින්ග් කොටස් වෙළෙඳපොළ සම්ප්‍රාප්තියට දින නියම වෙයි
Mon Dec 04, 2017 1:14 pm by nihal123

» Flying is the Safest mode of Transport
Sun Dec 03, 2017 9:08 am by කිත්සිරි ද සිල්වා

» කෙලවලු පැටවුන් අල්ලන්න එපා: ධීවරයන්ට අවවාදයක්
Fri Dec 01, 2017 7:40 pm by කිත්සිරි ද සිල්වා

» එජාප මන්ත්‍රීවරුන්ට ජනාධිපති විවේචනය කිරීම තහනම්
Fri Dec 01, 2017 11:58 am by Ethical Trader

» හිමගිර පාමුළ විමුක්තිය සොයන බෞද්ධ භික්ෂුණින් වහන්සේ
Fri Dec 01, 2017 11:47 am by Ethical Trader

» දකුණු කොරියාව: ජනපති මෛත්‍රීට අනපේක්ෂිත අමුත්තෙක් මුණගැසෙයි
Fri Dec 01, 2017 11:36 am by Ethical Trader

» Laughter the Best Medicine
Thu Nov 30, 2017 6:08 pm by කිත්සිරි ද සිල්වා

» ඒකාබද්ධ විපක්ෂය සමග සාකච්ඡා අසාර්ථකයි: ශ්‍රීලනිපයට "ජයග්‍රහණය විශ්වාසයි"
Thu Nov 30, 2017 4:12 pm by Ethical Trader

» සීමා නීර්ණ ගැසට් පත්‍රය අවලංගු කළ පෙත්සම ඉවතට
Thu Nov 30, 2017 4:08 pm by Ethical Trader

» අයහපත් කාලගුණය: මරණ සංඛ්‍යාව ඉහළට
Thu Nov 30, 2017 3:57 pm by Ethical Trader

» "උතුරු කොරියාව නව බැලිස්ටික් මිසයිලයක් විදලා" - දකුණු කොරියාව
Wed Nov 29, 2017 1:01 pm by Ethical Trader

» Govt. to release 50 acres of capital land for investments
Tue Nov 28, 2017 11:32 am by කිත්සිරි ද සිල්වා

» Higher oil bill overshadows strong growth in exports
Tue Nov 28, 2017 11:12 am by Backstage

» නැනෝ ඉලෙක්ට්‍රික් හෙට සිට වෙළෙඳපොළේ – එක් ආරෝපණයකින් කිලෝමීටර 200 ක ධාවනයක්
Mon Nov 27, 2017 5:43 pm by Ethical Trader

» Deadly earthquakes could hit a billion people next year
Mon Nov 27, 2017 10:40 am by Backstage

» Only Sri Lanka’s top five stockbrokers profitable
Mon Nov 27, 2017 10:22 am by Backstage

» Brush manufacturer BPPL faced tough six months
Mon Nov 27, 2017 10:17 am by Backstage

» Sri Lanka's got Talent
Sun Nov 26, 2017 11:33 pm by sashimaal

» CUBA FOUND A CANCER VACCINE! MORE THAN 4 THOUSAND PEOPLE HAVE ALREADY BEEN CURED BY IT!
Sat Nov 25, 2017 11:38 am by Ethical Trader

» හදාගත් දරුවෝ: DNA බැංකුවට ශ්‍රී ලංකාවේ හා නෙදර්ලන්තයේ සහාය
Fri Nov 24, 2017 5:33 pm by Ethical Trader

» ෆයිසර් මුස්තාපාට එරෙහිව විශ්වාස භංගයක්?
Fri Nov 24, 2017 2:52 pm by Yin-Yang

» 'සිම්හල ද්වීපයේ පද්මාවතිය' හා අර්බුදයට මැදිවූ පද්මාවතී එක් තැනැත්තියක් ද ?
Fri Nov 24, 2017 1:22 pm by Ethical Trader

December 2017
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Nanodegrees

View previous topic View next topic Go down

Nanodegrees

Post by Backstage on Tue Sep 19, 2017 11:40 pm

Nanodegrees: A Stanford-born company is skilling India’s techies for well-paid jobs

Nanodegrees are micro-credential certification courses designed to make learners job-ready.

INDIA EDUCATION TECHNOLOGY | Manjunath Kiran/AFP


After his father suffered a heart attack last year, 16-year old Ayan Saha had to quickly look for a job to support his family. Living below the poverty line in the state of West Bengal, he didn’t have the three-to-four years required to pursue a college degree. As he had some knowledge of Java from his government-school education, he sought opportunities in the field of technology.

An online search led him to Udacity, a global for-profit educational organisation whose online academy he joined post-class 11. With relatives lending a helping hand, Saha took two Android Developer courses, or nanodegrees, over eight months.

Today, the youngster works as an Android app developer for the West Bengal government. His Rs 14,000 monthly investment has made him qualified enough to earn over Rs 30,000 each month. His next goal: a nanodegree in machine learning.

Saha is among over eight million global students, including 800,000 Indians, to have taken a course with Udacity in the last few years. At any given time, more than 40,000 people are enrolled for its nanodegree courses.

Nanodegrees are micro-credential certification courses designed to make learners job-ready through module-based learning, online video lessons, and hands-on projects. These courses are “hyper-focused” and “make candidates go through the last mile required to be job-ready,” said Sudeep Sen, assistant vice-president at TeamLease, India’s largest staffing company.

Three types of users train on Udacity. “One, working professionals with three-four years of experience who are continuously looking to upskill. Second, third- and fourth-year engineering students seeking a good start to their careers,” Ishan Gupta, Udacity’s managing director in India, told Quartz. “The third category is entrepreneurial people trying to build tech skills.”

Convinced of its potential, even companies like Infosys, Wipro, Honeywell, and JustDial have sponsored Udacity programmes for their employees. Paytm, Zomato, Olacabs, Swiggy, and others have hired Udacity’s graduates for roles that would otherwise have to be filled by more experienced candidates with higher salaries. Besides, the nanodegrees are valuable because they are designed in collaboration with Silicon Valley giants like Google, Facebook, AT&T, Salesforce, and Cloudera.
Looking to learn

Udacity was launched in 2011 when Stanford University professors Sebastian Thrun and Peter Norvig offered their “Introduction to Artificial Intelligence” course online free of cost. Over 160,000 students from more than 190 countries enrolled that year. Following its success, Thrun, an inventor of the autonomous car and founder of Google X, officially set up the online platform in 2012 to offer myriad free courses.

In 2014, Udacity began operating an online university of sorts, offering nanodegrees. “One has to look at it as an investment to skill and not as an expense, as discrete skills can improve employability,” said Sen of TeamLease.

Apart from the usual quantitative marking, like in the free-course model, nanodegree projects of students also receive customised reviews from a network of mentors like professionals of the chosen field of study or nanodegree holders. “We are scalable and learning can be customised to every student,” Gupta said. “As [the number of nanodegree] students increases, [the number of] reviewers also increases.”

The student-mentor matchmaking under these programmes is akin to Uber matching ride requests to drivers, according to Gupta. “A student submits a project, reviewers give human qualitative feedback within 48 hours,” he said. Typically, it takes between three and nine months to complete a nanodegree. And if one needs to take a pause that is allowed, too.
Return on investment

Amisha Sharma, 22, took an Android development course during the third year of her IT programme at Manipal University in Jaipur. Last October, during her campus placement interview with edu-tech startup Byju’s, she was asked what was special about her. “I said ‘the nanodegree’ and, within 15 minutes, I was hired,” Sharma said. She has now moved on to the business-analyst nanodegree.

Dinesh Mirchandani, the partner and managing director for executive search firm Boyden India, believes the $200 monthly investment is worth making. “In the US, there’s a proliferation of coding bootcamps targeted at people who want to make a career switch into tech. And they seem to do well. Tech companies there care about what skills you have, not how you got them,” Mirchandani said. “If they have good projects and interviewing skills, companies hire them.”

“If they have good projects and interviewing skills, companies hire them.”

When hired, Udacity learners are paid on par with industry standards but they come much cheaper than people with more work experience. This is especially true for newer technologies like automation and virtual reality, where demand still exceeds supply.

“The younger guys understand programmes. [These startups] take those guys and groom them,” Gupta said.
Planning for the future

India’s $150 billion IT sector suffers a massive skills shortage.

Despite churning out the world’s largest engineering population, Indian university graduates have dismal skills levels. Over 60% of its 800,000 annual engineering graduates remain unemployed each year. Doused in a culture of rote learning, hands-on experience had taken a backseat, with less than 1% of the engineering students undergoing summer internships.

Yet, only 15% of India’s over 3,200 graduate engineering colleges have programmes recognised by the National Board of Accreditation, an autonomous body that evaluates technical institutions and their courses.

Meanwhile, as traditional IT jobs like data entry and server maintenance decline, new career paths are set to open up in digital domains such as big data, AI, the internet of things, cloud computing, and cybersecurity. The number of skilled personnel available is less than half of the demand.

Udacity is, thus, sitting on a sweet spot in India. Last year, the government spent $3 billion on skill-development schemes for the youth. By 2021, the country’s online education industry will be worth nearly $2 billion, up nearly 10-fold from $247 million today.

Over the last decade, a series of startups such as Bengaluru-based Edureka, Mumbai-based EduPristine, and Byju’s, the biggest Indian edtech company worth $800 million, have sprung up.

But valued at over a billion dollars, Udacity dwarfs all of them.

This article first appeared on Quartz.
We welcome your comments at letters@scroll.in.
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum