There has been rapid globalization across business spectra induced by growth in information technology and revolution in communication. It has had a similar impact on education. Globally easy and faster technology transfer has led to huge increase in technological parity and demand for platforms with compatibility to operate multinational as well as local businesses. For developing countries like India this has come as opportunities disguised as challenges. Those who understand and perceive this as opportunity are more likely to align their education to meet the requirement.
With data and key information available at finger tips, not only educationists but students also are able to carry out a thorough in depth study about career of their interest and the right path to reach there. Usually the flow of technology all over the world is from the countries known to provide very high quality education. Students are naturally drawn to these countries in the hope of educating themselves in the most relevant way, that is suitable to meet the global as well as local demand.
Now that India is emerging as the next biggest consumer, multinationals are willing to make their Indian businesses future ready and its impact can be seen with foreign universities increasingly canvassing education opportunities on various platforms in India. As per The Ministry of External Affairs data, as many as 7,52,725 Indian students are studying offshore in the year 2018. Indian institutes too are in a race to catch up with their foreign counterparts, but ironically most lack the maturity and the depth of resources compared to decades old foreign universities in developed countries.
Since information technology and data have become common minimum denominator frame structure across businesses, most of the businesses are required to keep pace with technology shift. This requires constant upgradation in respective education and poses challenges that can be met with by cognitive agility only. It is often observed that certain technological life cycles are so short that they are outlived by their respective educational program, leaving the students with no choice but to upgrade with additional training or modules. This poses risk of running into redundancy of skill and knowhow.
To be part of truly global human resource or simply to understand the world the way is in your contemporary times, is a survival tool. The only way to achieve it is to take a plunge into it and swim through it.