· In line with Government’s aim to create 1 million digital workforce in emerging technologies
· Supported by AICTE, the initiative aims to tap the budding talent pool in Tier 2 & 3 cities and raise their Employability Quotient
Hyderabad, 31st October 2022: byteXL, one of the leading experiential learning platforms for IT career aspirants, today announced the signing of a Memorandum of Understanding (MoU) with Microsoft. The MoU is directed to transform educational institutes in Tier 2 and 3 cities across the nation and cater to the 360-degree developmental needs of its students. The pan-India initiative – ‘XLerate’, supported by the All India Council for Technical Education (AICTE), aims to impart training in new age and emerging technologies. This collaboration is aligned with the national vision of providing one crore internship opportunities by 2025.
In a short time of two years, byteXL has demonstrated strong capabilities of creating a significant impact on raising the employability of 1 lac engineering students across 90 institutes in 7 states. This established success of byteXL has been achieved by imparting the training through its seamless hybrid learning model and in-house developed analytics tool that assists in keeping a close track of every aspect of the student’s progress whilst undergoing the program. While byteXL will spearhead the training program and conduct the comprehensive programs, Microsoft will support the endeavor with necessary infrastructure, including sophisticated Artificial Intelligence (AI) Labs that provide contemporary programs for specialized education. Students can also earn Microsoft certifications, once they complete the required learning and industry-ready skills. Students from this program will have access to Microsoft Azure and AI certifications, along with industry approved training modules. byteXL’s role in this collaboration will amplify Microsoft’s global skills initiative, which has already provided digital skills to more than 42 million people worldwide.
The strong need – raising technology employability in Tier 2 & 3 cities
Students in Tier 2 and 3 cities have faced challenges ranging from lack of access to quality educational material to exposure to global trends, and lack of industry exposure to scarcity of financial means to complete high-quality education. As a result, many bright students are forced to compromise on their higher education or move to Tier 1 cities for better educational opportunities. This initiative – ‘XLerate’ will be focused on addressing these concerns and ensuring that new-age, quality education and required industry exposure are made available at highly affordable costs. These would play a critical role in not only enhancing the ‘Employability Quotient’ of students but also help in the transformation of the institutes and empower them to produce quality industry-ready talent in the longer run.
Speaking at the MOU signing ceremony, Mr. Karun Tadepalli, CEO & Co-Founder, byteXL, said “This MOU with Microsoft is a critical step in enabling a developmental ecosystem for youth in India’s Tier 2 and 3 cities. The collaboration aims to transform technical education and reimagine the skills ecosystem through a robust and career intensive curriculum. Our in-house futuristic instruction methodology, coupled with Microsoft’s learning infrastructure will surely produce brilliance in employable students. Our collaborative efforts are directed towards the redefining of the traditional engineering colleges and in creating a globally in-demand growth spectrum for the new graduates.”
Ms. Indrani Choudhury, Chief Learning Officer, Microsoft India said, “Digital technologies will be key in addressing the skills challenge that we are facing today. Democratizing access to skilling with a focus on employability, especially in Tier 2 and 3 cities of India, can empower large talent pools for the digital economy. At Microsoft, we believe we can combine the best in technology with strong collaborations like byteXL to better serve young people and create more opportunities for them.”
byteXL’s Trends Report – Deep Tech Insights 21-22 based on a large sample size of 55,000 students from 60 Tier 1, 2, and 3 institutes also revealed the changing trends and aspirations of the engineering students. The student enrollment rates for specialized technology courses were witnessed at over 90% and 67% in Tier 3 and Tier 2 respectively as compared to 63% in Tier 1. This is a clear indication of the increasing inclination of Tier 2 & 3 students to move up into the value chain. The trend for upskilling is also gaining momentum in Tier 2 students at 68.81% male students and 43.96% female students. Tier 3 students show a similar inclination to Tier 2 with 57.13% male students and 54.63% female students.
According to various industry reports, in the past 10 years (2012-2022) the Employability rate of graduating engineers is less than 8% and 93% of the graduating engineers in India lack the required IT skills to work in IT companies.