also does not see itself as a competitor to traditional master's and Ph.D. 'Our strategy has been to push this credential and say, 'This is something that is guaranteed by industry, it meets quality standards without conflicting with universities.' We're never trying to replace existing degrees.'įusemachines Inc. 'I think we're never going to replace the Stanford degree,' he told Protocol. He predicts that in 20 years the nano-degrees offered by Udacity will become a reputable degree in addition to those offered by academic institutions.

Though he makes it clear that Udacity is still not trying to replace traditional universities. Thrun told Protocol that the program's target remains reskilling and upskilling tech workers in the age bracket of 24 to 65. The model is going to kind of fail going forward, because you can find really amazing engineers in their 40s that by nature could not have learned about self-driving cars in college.' And I contrast this with the model that we have so far - you go to college, once you get your degree you're done. 'I firmly believe that the future of education has to be lifelong,' Thrun told Protocol. Without help from a corporation, a typical graduate might spend about $1,500, he said - a cost that could prompt some employees to move on to other companies that would be more willing to invest in their development and enable them to move into a new role. Udacity has partnered with Bertelsmann, AT&T and Google for additional scholarship opportunities. Udacity founder and executive chairman Sebastian Thrun, who also founded Google's self-driving project, told Protocol that corporations are frequently picking up the tab for employees enrolled in a program. And while in the past an employee might have enrolled themselves individually and taken on the cost alone, Udacity has its share of corporate partners. Many in the industry are familiar with its nano-degrees, ranging from cloud computing to programming. One of the companies still helping to bridge that gap is Udacity. It partners with education technology companies to provide the necessary courses for workers to reskill. He told Protocol that the talent platform has partnered with companies spanning over 18 industries to help train employees for new roles using its own AI software.

There aren't enough data scientists, there aren't enough people with those digital skills,' said Kamal Ahluwalia, president of Eightfold AI. 'Upskilling and reskilling is very critical. In Eightfold AI's March 2021 survey of over 200 manager-level employees, almost 50% said their top management goal for the year is to cross-train and upskill their employees, while almost 30% said their goal is to reduce turnover rates. The old model of waiting for students to matriculate from specialized master's and Ph.D. With an increasing need for highly-skilled tech workers, organizations are utilizing ed-tech programs to reduce attrition and fill job openings faster. As of June 2021, job openings had increased to a high of 10.1 million, according to the U.S. The tech labor shortage persists and the number of unfilled jobs in the U.S. The person who builds or programs your self-driving car may never step foot in a classroom for a higher degree, and some education and industry professionals are totally OK with that.

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