New Economic Model and the Role for Academy


The dynamic environment of economic activities that shape the nations growth and prosperity needs a new language and new practices to sustain long term.   There is no end game. It is infinite game of aligning the best interests of our societies to stay hale and healthy, coexisting harmoniously within the wonderful nature by preserving and aligning our economic, industrial, technology and any kind of  progress and wellbeing of all the  living species . This can be achieved by orienting all that progress towards new environmentally friendly products and services and solid growth.

In order to meet that target there is an urgent need to redefine the status quo in Academics and bring academics to the forefront of economic activity of the nation.

Merging Academy and Industry as one entity will lead to major job growth and Economic Resilience when IOT (internet of things), Artificial Intelligence, Robots and Machine learning like technological innovation take away human jobs. The question to ask is  “GROWTH CAN BE MANAGED AND GUIDED, BY WHOM, AND FOR WHAT NEEDS”?  Academy should become the wellbeing centre of excellence (as explained in my Earlier blog here https://skillsnest.wordpress.com/2017/10/31/stop-building-classroom-and-focus-on-wellbeing-buildings-and-more-laboratories/

) to sustain and nurture new opportunities in products and services that align us with environment.

Innovation typically precedes strategic decisions and by redefining academy as part of economic growth of any country we will be in a position to create new opportunities and new possibilities.

Here is the game plan for introducing a new paradigm that I call ‘Economic sustenance by redefining academics’.

  1. The boundaries, language and legal matters that identify universities , colleges , schools and all educational related institutes needs to be redefined with an eye on tapping the vast pools of raw talents of students(knowledge and skills gatherers) , Research scholars, professors by orienting their academic activities on creating new opportunities.
  2. There is a huge effort by government in attracting major industries to invest in their respective states. Some of those industries in areas such as Machine learning, Chip designing, Artificial intelligence, Gene mapping, anti-aging (example: Google Calico project collaborating with Drug maker Abvie https://www.calicolabs.com/ ) have to spend money in establishing research laboratories. Instead Universities and colleges should be tapped and allowed to participate in government’s activities in this kind of initiatives to map the academy’s internal resources, knowledge, skills and infrastructure required by industry and actively engaged. This allows Faculty, students to learn corporate best practices and become valuable contributors to the economic prosperity of the institutes and helps industry with lowering their costs of establishing new laboratories.
  3. State and Federal (central) governments spends a lot of money on infrastructure development projects such as building dams, roads, mining (example sand, minerals etc. ) , smart cities and many such activities by floating tenders and inviting private industry to take up the projects.  Most of the projects are not implemented as designed due to various reasons such as corruption, poor usage of manpower, materials and plethora of issues. Academy and students should be allowed to become part of the project’s stakeholders which helps students, faculty to learn vital project management and people’s skills and earn some money for the institutes. Some of the major project delays, poor quality, and corruption activities can be eliminated as students and academy’s interests will be more in implementing quality and good practices in the projects.
  4. The whole academic nomenclature, infrastructure needs to be redesigned to make them part of this new economic model by mapping the raw talents of the students , expertise of faculty and connecting them to industry needs.
  5. Government should act as facilitator by allowing academy/private participation in projects implemented at state and country wide.

Universities, colleges and Education isn’t here to make us feel comfortable.  The intention, practices and the language is to make students feel excited and raring to go and find the truth and enlightenment. Academic institute in their pure form should be bringing energy, efficiency, bliss and completeness and fulfilment while actively engaging the raw talents of the students.

Want to add your thoughts and feedback. Please do so by commenting.

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Indian University rankings


The National Institutional Ranking Framework (NIRF) outlines a methodology to rank institutions across the country. The methodology draws from the overall recommendations broad understanding arrived at by a Core Committee set up by MHRD, to identify the broad parameters for ranking various universities and institutions. The parameters broadly cover “Teaching, Learning and Resources,” “Research and Professional Practices,” “Graduation Outcomes,” “Outreach and Inclusivity,” and “Perception”.

India Rankings – 2016 based on this framework were released on 4th April 2016.

Know more here.

https://www.nirfindia.org/univ

Universities that did not register can do it now by clicking the below link

http://nirfweb.cloudapp.net/Registrationnew.aspx

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