Importance of Up-skilling & Re-skilling in the Marketplace

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Technology has revolutionized advancements in a number of sectors and a remarkable progress has been made in the field of education. It has brought classrooms into the comfort of our rooms where one can learn with few clicks of buttons or rather some swift scrolls through our handheld devices. Especially in India, where education is strongly rooted in our culture, constant increase of mobile penetration, connectivity and affordable data have contributed towards the rise of e-learning over the years.

The new-age education avenues have become a popular and viable alternative to more traditional forms of learning. Digital learning has ascended as a key enabler for professionals who are looking to study in India.

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The outbreak of the pandemic has challenged the world and thus, we have moulded our way of living to cope with the situation. We are constantly focused on devising newer methods to deal with the day-to-day activities. As Albert Einstein said, “in the midst of every crisis, lies great opportunity”. This crisis too has opened up millions of ways to develop ourselves by adapting to the new normal.

In the midst of this pandemic and the subsequent lockdown, people have realized the importance of skill development. Skills are one of the most valuable assets in the modern workplace. Going forward, this situation will create brand new learning fields which will require newer skill-sets to be mastered as professionals.

Corporate India will demand new skills and training to be acquired by individuals to be a part of the new normal world. This will ultimately increase the demand of securing the appropriate knowledge amongst students and professionals to be future-ready. This is why there are many people who apply for an education loan in order to pursue their preferred courses.

Among a plethora of skill development programs, technological skills like Artificial Intelligence, Blockchain are widely adopted by almost every known industry to gain a competitive advantage. In fact, according to LinkedIn, Blockchain is a top priority for employers hiring in the U.S., the U.K., France, Germany and Australia. Cloud computing, analytical reasoning, AI are some of the most sought for skills by employers across the world. Skills like Data Science, Machine Learning and Python have now become important skill-sets for leveraging business operations efficiently.

Apart from hard-skills, there is also a higher demand for cognitive skills such as Creativity, Critical Thinking, Decision-Making and Complex Information Processing in the market. Problem-Solving is another important skill that companies look for while hiring. Challenges are an inevitable aspect in every industry and employers welcome candidates who can troubleshoot and solve them independently.

To study in India among such a competitive atmosphere, you need to acquire hard and soft skills along with your usual academic courses. It is not very difficult to get access to such courses anymore. There are multiple e-learning platforms which offer these courses online. Also, to bounce back stronger, firms have started to re-imagine their business models as they return to full speed. They are focused on strategizing for the next two to three quarters and are planning their next course of action so that they can successfully emerge from this situation.

To fuel the continuous need of the employees to hone their talent, up-skilling has become a key growth imperative for organizations. In the interest of creating a robust up-skilling environment, organizations have given the liberty to their employees to recognize new skills and capabilities that resonate with them.

Many Ed-tech players and e-career companies have witnessed a jump in new registrations since the outbreak of the virus. The programs offered are not only facilitating working professionals with highly advanced skills who want to study in India but also helping them to keep pace with the changing times. The technological advancements have considerably simplified the learning experience with most studying material made available online and interactive live coaching sessions.

Even though the status quo has been disrupted, the education sector has introduced ways to enable learning and self-development. Several financing solutions are available to fuel education and learning where organizations like Avanse Financial Services come forward to provide proper backend support, robust guidance and holistic handholding. You can reach out to us for any query or assistance in terms of your education loan options. With us, you can aspire without boundaries!

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