The traditional archetype of learning and employment – where students went to university and learned a skill that served them for the entirety of the careers – is rapidly evolving and changing. Today, we are in the age of continuous learning – where there is an inherent expectation on members of the employed workforce to constantly upgrade their knowledge and soft and hard skills. Earlier, executive education used to be a reserve of a privileged few high performers at large organizations, who showed great promise and rapidly rose through the ranks. Now, continuous learning across all the segments of the workforce is increasingly the new normal – almost to the point where it is the mandate for organizations that wish to grow and succeed in the business sphere. There is an expectation now that even the rank-and-file of the organization devote time to learning, unlearning & relearning and apply newfound ideas and techniques into their area of business.

What has been the driver behind this change? Why has upskilling and reskilling become the norm for the contemporary corporate career? A few important reasons underpin this change. The nature of the business today is extremely dynamic. Business environment and competitive landscape are changing faster than ever, with technology becoming the mainstay of the modern business. Tech-enabled startups are moving in and challenging traditional incumbents across industries. These changes are made a further complex with emergent ideas and changing paradigms of organizational management and leadership. In today’s fast-moving world of business, it is a critical priority for executives to keep their organizations nimble, proactive and armed with every arrow in their quiver, to ensure the continued success of their firms

Executive education is an important medium to achieve this goal and helps bridge the skill gap that is almost certain to rise when industries and organizations face structural headwinds. However, for executive education to live up to the promise and deliver value to employees and their organizations, we need to re-look at the programs itself. We need to ensure that the coursework and curriculum are topical, contextualized and relevant, whilst being personalized to the needs of the organization and its professionals. Here are a few perspectives on how executive education can be adapted for the industry4.0 era: 

Expand the Scope of Executive Education and the Courseware

As we dismantle the traditional paradigms of work and education, we also need to rewire our traditional understanding of what an executive education comprises. For years, corporations relied on top-tier management schools and universities to facilitate the essential leadership training for their workforce. In today’s world, rewiring an understanding of leadership is just not going to cut it. Executive education programs need to add more in terms of practical, on-the-job skills, that will help employees perform better and remain relevant to the needs of the business. 

There is now a strong case to expand the scope of executive education beyond traditional B-schools and include even MOOC-based education – which is provided by a plethora of websites today. Coursera, Udemy, LinkedIn Learning – to name a few – provide very tactical, hands-on understanding of essential, practical skills that the workforce can put to use right away, while also facilitating the career change aspirations that employees may have. Organizations need to seek out these MOOC-based providers to augment the executive education curriculum in a way that increases its scope and reach among employees.

These programs could very well help employees refresh their skill sets. For instance, such programs could help coders become well-rounded full-stack developers. Similarly, those with data engineering skills could be moved into areas such as high-performance analytics or artificial intelligence. Team leads could be educated formally in the tools and techniques associated with product management. For mapping current employee skills with the contemporary requirements of the business, MOOCs can be a critical intervention to incrementally upskill employees in their domain of work.

Incorporating the importance of shorter, tactical courses

Whilst there is no doubt about the value provided by a long-form one-year executive education program, companies also need to consider the benefits of short-term tactical coursework. Corporations need to augment their training programs with shorter, time-boxed courseware that can deliver instant impact for the organization. 

There are two reasons why this is important. Firstly, given the speed at which technology and business mature, it may not always make sense to put someone in a one-year program and wait for the delivery of associated results. In such circumstances, short form courses help deliver faster time-to-value – with employees able to deliver results in weeks, rather than months. Secondly, shorter-term courses also help reduce some of the inherent barriers people have towards learning. Shortening the learning cycle, putting it to use immediately and seeing real-life results, can help employees see instant benefits of the lifelong learning paradigm and break down mental barriers to learning.

Co-create multiple, personalized career pathways

The key word here is ‘personalized’. We need to move away from the old thinking of one-size-fits-all training to deliver more tailored, fit-for-purpose and relevant executive education to employees. To start, organizations need to develop skill maps and assessments – to identify where the workforce is today in terms of the required skill sets and where they are expected to be. Once this is performed, L&D teams can help create personalized learning journey-maps for their employees – based on the career interests and aspirations of employees. For instance, for some employees, it may make sense to provide a refresher and upskilling in their current areas of work and for others, it may make sense to reskill them in new areas of the business. Either way, developing a personalized training regimen for the executive education of the employees will deliver better results and help them excel in their field and improve the efficacy of learning programs too.

We are truly entering the Golden Age of Artificial Intelligence. With data and computational power making giant strides year on year, AI promises to unlock untold benefits for business and transform human life as we know it – a transformation that will play out in our professional and personal lives. Data Science and AI careers are in high demand as students and working professionals flock to courses in these subjects to ride the wave and build their careers. Enough has been written and consumed around the potential of AI and how corporations and universities need to enable their students to make the most of this emerging new technology.

Actively Seek Private and Public Funding for Research

Many countries globally do provide public funding programs for educational institutions. However, at the present level, this may be insufficient, and the exchequer may not be in a position to fill the massive capital gap required to improve research capabilities and labs.

To this end, it is critical that universities actively seek out ways to secure funding from public and private sector institutions. Several creative collaboration opportunities are surfacing to the instrument such partnerships. Corporations are always interested to seek inputs from the leading scientific minds to add to their portfolio of cutting-edge solutions and intellectual property. Some of the commonly seen engagement models include – securing research grants for topical research allied with a challenging business problem, setting up technology incubation labs to work on bleeding-edge technologies with exponential potential and sponsoring hiring hackathons to identify the best of talent. 

To stem the brain drain from academia to corporate, universities need to offer corporations a model where academicians can add value to corporations while staying inside the university and keep the pipeline brimming with young talent. Privately funded research from a corporate perspective could be a useful way to engage professors while keeping them available to be able to develop fresh professionals. Data Science and AI professors at institutions may not simply be interested in studying, but also generating research with wide applicability. Universities with a strong financial muscle and backing of public and private agencies would be able to support such aspirations of professors and help them continue to stay relevant in the subjects that are highly relevant to the workforce today.

Re-Educate Academicians in Data Science and Artificial Intelligence

While universities make strategic moves required to increase their muscle to improve research capabilities, they also need to consider training more of their faculty members to address classroom requirements of students wanting to study AI. Universities need to augment their training curriculum for faculty to infuse subjects that can help them take up AI as a subject for students.

For instance, technical institutions are typically rich in academics that impact computer science curriculum; additional subjects such as machine learning, deep learning, statistical methods and data engineering will help them become better-rounded professors, able to teach AI concepts to students. Similarly interested candidates from the pure science faculty – such as math and statistics – can be trained in computer science methods. Such cross-pollination of skills would help create a better talent pool available to serve a larger base of students.

Engage Industry for Academic Internship Programs

Finally, universities need to promote hands-on skills in artificial intelligence among academia by developing corporate internship programs. Through this intervention, university faculty will be able to broaden their understanding of real-life applications of AI – the application of topical AI solutions to solve relevant business problems.

At present, a small number of universities do provide their professors with opportunities to collaborate on industry-specific use cases. For faculty that gain exposure to such programs, it can be a truly transformational learning experience – and one that they can replicate in their classrooms for enabling better guidance for their students. Universities that boast of such industry connects become automatically more appealing to prospective students – as they enter the campus knowing that they will learn material that is truly relevant to the age that we live in, rather than having just a cursory, booking understanding of AI-related concepts.

Reorienting existing academia and bringing in a supply of talented young researchers in the field of Artificial Intelligence should be the top priority for universities today globally. With the high demand for this technology today and abundance of impactful use cases, it is critical that we keep the tap running and bringing in more researchers and academicians is a critical part of the solution that can help keep the AI revolution going. 

Since this is an Engineers’ day Special, we have used some quotes from different professionals 

“On this Engineers’ Day, we pledge to make engineers intelligent designers with ideas instead of making them screwdrivers,” says. Ravi Raj, Brand Head, Director, Sales & Support at NetRack 

With the advancement of technology, both the industry and the government is focusing and welcoming the fourth state of Industry revolution: Industry 4.0 which enables the wide range of digital concepts especially in ESDM Industry in multiple ways by making engineers and the technology leaders more flexible to adapt and meet the new demands of the market easily. On this special occasion of Engineers day, we at NetRack would like to congratulate all engineers across the globe for bringing the wave of innovation and solution leading to faster sustainable and profitable future of India. 

Every year, more than 20 lakh engineering graduates passed out from their colleges but without having their practical or skillful experience to contribute to the industry as a whole. And, in this dynamic industry, the scenario is witnessing more in a magnified way and which needs specialized and skills to cater its requirements. The only solution is emphasizing on their skills and offering them specialized training from the operational level to even the engineers’ level.   We have also come across, very few colleges/ engineering schools have not stressed this issue so far. 

On this special occasion, we as one the key Industry leader should take the pledge to not only focus to make them skillful but intelligent designers with new ideas. However, this, in turn, helps in fulfilling make & create (in)n India initiative with innovation.      

However, we are thankful to all the engineers for their highly valuable expertise and dedication and wish them all the very best for future endeavors!! 

“Emphasizing more on hands-on training to expose engineers’ to the real world to make them job ready”, says Adam Paclt, CEO, IceWarp on this Engineers’ Day

It is the fact that science and technology are the spine of any country to scale-up its growth development.  Similarly, for any country’ economy, investment in skilling and reskilling the engineers’ is the necessity to enhance their knowledge both technical and vocational skills along with transferable and digital skills to make them job ready  

we have to train our young and aspiring engineers who are committed to driving development by adopting the best practices of Industry 4.0 to transform the industry. For this, the major area where we at IceWarp believes that the Industry and academia have to jointly take a step forward in building and filling the Industry-academia gap by incorporating skills-based courses in their curriculum of engineering degree. 

On this Engineers’ Day, we pledge to help the young engineers to unleash their true potential and discover their true self by giving more emphasis on the principle of hands-on practical training exposing them to real-world situations and reasoning.    

Companies should also change their working culture by offering an apprenticeship programme which in turn will provide hands-on exposure to high-value engineering skills in an industrial environment.   Moreover, Industry ’s the mission must promote the cooperation, not competition by adopting the holistic approach to connect with a variety of personas and to become an agent of change.  

“We salutes the spirit of all Indian Engineers, whose innovations have contributed to the world’s Digital Transformation journey across industries,” says Mr Krishna Raj Sharma, Director & CEO at iValue InfoSolutions:

We at iValue have solution offerings which cater to the Digital transformation needs of the customers. It is important to skill the engineers and re-skill them time and again on the latest technologies so that they are abreast and capable of giving better and optimum solutions in order to address a customer’s DX journey. We firmly believe in enabling our women employees on technology and we began this exercise by hiring campus recruits and ensured they travel through the complete training cycle of solution sales journey and are ready for facing customers and partners addressing Industry Revolution 4.0. across multiple continents. There is a paradigm shift in the way the business is done in the IT fraternity. Hence, it is of prime importance that the channel community ensures there is a constant innovation in GTM and technology adaption as it will play a major role in creating a differentiator in the market. iValue salutes the spirit of all Indian Engineers, whose innovations have contributed to the world’s Digital Transformation journey across industries.”