Education experts estimate that there are around 60 successful educational startups in the market. About 100 to 200 such startups are launched each year. Many of these startups would focus on developing program content and mid-career education options such as job training, vocational courses, and online certification courses.
âThe obvious surge in education startups over the past two years is due to the sudden increase in the number of incubators in the country and the trigger for Silicon Valley successes,â said Binny Mathews, co-founder from DeZyre.com, when I spoke to him almost a year and a half ago.
The same things triggered them too. Binny and Omair Aasim founded DeZyre.com in November 2012, except they wanted to focus on hands-on training for professionals.
The online platform offers around seven Big Data and MS Excel programming courses for professionals who want to further their careers. Initially, most of their lessons were pre-recorded, with the exception of Hadoop, a big data programming language that was streamed live.
YourStory wrote about them when they launched, read the story here. A lot has happened in the past five years.
They brought together over 9,000 curious learners across India and the United States. They have also raised a significant amount of funds from investors, including Flipkart co-founder Binny Bansal, NewToy co-founders David Bettner and Michael Chow, Quixey COO Guru Gowrappan, ImagineK12 and the hedge fund manager. Shrikanth Ramamurthy.
At the end of last year, they also launched five joint big data analytics certification courses in collaboration with IBM.
âWe realized that vocational training needed to be delivered by industry experts and big players in the field, rather than teachers or professors in classrooms,â Binny said.
Everything went well until they realized that in addition to teaching new technologies to interested learners, they needed to help people already in the field keep up to date with the latest technological developments in their field. expertise field.
To meet this need, they have developed a subscription-based training program, HackerDay, where industry experts run project-based workshops on trending technologies every other weekend.
Binny describes HackerDay as the world’s very first âcareer updateâ service. The service will be available to subscribers for $ 9 per month. As this service is in its beta phase, it is currently available by invitation only. It will soon be open to everyone.
âThe HackerDay service was designed with great care to help professionals stay current with their careers. Before that, there was no easy way for professionals to regularly work on hands-on projects to learn from. new technologies I would have loved to have had such a service as a data analyst, âsaid Suman Kumar, Product Manager at HackerDay.
The first HackerDay, to be held on November 21, will focus on âPredicting Titanic Survival Using Data Scienceâ. The workshop will focus on analyzing the people likely to survive the Titanic disaster based on the available dataset.
âWe know that the first to get on the lifeboats were people from the upper classes, children and women. This workshop will therefore help students apply the tools of machine learning to predict which passengers would have survived the tragedy and which would have survived had they been aboard the Titanic! Binny added.
Although their main focus for the next sessions is data science and big data analytics, they will be presenting workshops on topics such as web development and digital marketing next month.
âThink of it as a monthly subscription to The Economist or Forbes. You can stay a subscriber as long as you want. DeZyre will take care of finding the latest technology, creating hackathons based on those technologies, finding great industry experts and keeping you up to date, âBinny added.
The field of action of such startups is immense if the necessary awareness is disseminated among professional communities.
Global Industry Analysts, a market research company, predicts that the online learning market will reach $ 107 billion in 2015. Many startups are focusing on vocational training in various fields.
Some of the more well-known companies that focus on online job training are: Udacity, which recently raised $ 105 million for a billion dollar valuation; Lynda, which was acquired by LinkedIn for around $ 1.5 billion earlier this year; and General Assembly, which is a hybrid platform with online and offline skills training workshops. Skillably is another new addition to this list.
Over the past two years, the MOOC (Massive Open Online Courses) market has grown rapidly with the large number of options available on sites like Coursera and edX.
In order to be able to analyze the response to mid-career vocational training, we have to wait a little longer.
Ten YourStory readers can sign up for HackerDay without an invitation here.