Industry-academia linkages in the digital era
With demographic dividend being in India’s favour and India slated to become the single largest provider of global talent with one in four graduates in the world being a product of the Indian education system by 2030, policy planners have naturally been focussing on transformation and upgrading of the capabilities of Indian universities.
With demographic dividend being in
India’s favour and India slated to become the single largest provider of global
talent with one in four graduates in the world being a product of the Indian
education system by 2030, policy planners have naturally been focussing on
transformation and upgrading of the capabilities of Indian universities.
The plan to augment its gross enrolment ratio from the current 20% to 30% in
the next five years; to support the requirement of the industry for more than
250 million additional skilled manpower by 2025; to become a more stronger hub
for attracting global learners from across the world and efforts to move up on
the global ranking of universities—these are just a few goalposts that offer the
universities an opportunity to reconsider the potential key enablers for
success. In this context, industry-academia linkage is one of the significant
enablers which most universities have been focussing upon lately, whose
potential has become even more promising on account of digital technologies and
capabilities.
Traditionally, Indian universities have had a
limited scope of partnership with the industry with majority of these
relationships having been built for placement opportunities for their students.
Very few partnerships have succeeded in mutually rewarding long term research
focussed initiatives in the Indian context. According to EY Report,
India has the opportunity to become a
prominent R&D destination, especially in certain industries where it has
strong capabilities. Although its research output compared to the contribution
of leading countries in the world is significantly small, India is among top
five countries globally in cited research output, its research capabilities
augmented by the R&D spends of the government and the industry.
With digital technologies and tools
available, the opportunities to create regular flow of communication, bringing
real time industry problems into the realms of academic research and building
closer transnational partnerships to take advantage of the talent pool
available in the academia have become feasible. With digital technology
supported platforms and IP protection put in place, research associates and
industry experts are able to collaborate on a regular basis for new knowledge
discovery and cross pollination of ideas.
Universities could partner with the training
industry and large entities providing training services by disaggregating the
value chain of education services to create services around assessment,
certification, new product creation and identifying new partners and channels
for distribution. The new digital tools provide exciting opportunities for
universities for designing of new programmes using cutting edge pedagogies with
speed and flexibility in their areas of specialisation partnering with the
industry for the benefit of employees of the industry as well bring in cutting
edge knowledge of the industry into the academic context.
The latest count of online courses of 60% of
the world’s student population is from India and this has boosted the
confidence of leading universities to consider launching their own brand of
MOOC. Augmented reality and IoT make it possible for academic community to
immerse itself in the real world scenarios and thereby build better practical
appreciation. Academia stands to gain with such affiliations as apart from
funding support from the corporates for its research initiatives, in the
digital age, the threat of students’ preference for digital platforms for acquiring
credits instead of 100% face to face learning at the university is also
possible to be addressed through new avenues of knowledge sharing via
digital courses leading to new sources of income.
The new possibilities for industry-academia
partnership extend beyond knowledge and research collaborations to more
commercial partnerships. Traditional education services could be blended with
service creation opportunities in various sectors. Incubation of startups is
one of the major areas where industry-academia collaboration will benefit both
greatly. The market acumen and funding from the industry along with the
innovation ecosystem and the rich talent pool available in the academic system,
if nurtured well, could bring forth ventures which have the potential to become
winners.
Ventures aimed at innovative solutions for
social and business problems and breakthrough products based on academic
research outcomes where academic staff continue to hold stakes and continue to
mentor the companies is a model that Indian universities should consider for
their faculty. In technology areas such as Big Data, IoT and gaming, there are
huge opportunities for universities to co create ventures which offer
commercial solutions to the industry with the ongoing need for fundamental research
and modelling which are best suited for the academic environment.
Thus there is an opportunity for universities
to emulate the model of hospital and healthcare education system coexisting on
campuses, in other areas too by reinventing its model of knowledge services.
Until recently, the partnership has been viewed as a useful ingredient of
progression by the industry and the academia but now the industry stands to
gain much more with the collaborative work with the academia. With the need for
constant innovation and transformation becoming vital ingredients
for success in the digital age, close working relationships with the
academia are absolutely vital as they offer avenues for ongoing research
and ideation and thus keep the competition at bay.
Source | Financial Express | 4 April 2016
Regards
Pralhad
Jadhav
Senior
Manager @ Library
Khaitan
& Co
Upcoming
Event | National Conference on Future Librarianship: Innovation for Excellence
(NCFL 2016) during April 22-23, 2016.
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