BRIDGING THE SKILL GAP BETWEEN THE ACADEMIA AND INDUSTRY: A STUDY ON LOVELY PROFESSIONAL UNIVERSITY
PARUL SHARMA1, ALAN GEORGE 2, LAKSHAY SHARMA 3
MITTAL SCHOOL OF BUSINESS, Lovely Professional University
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Abstract Education is a crucial component of our lives. In addition to teaching morals and virtues that make students better global citizens, education also helps students become technically proficient so they may compete in the outside world. The ever-evolving landscape of industry demands a workforce equipped with adaptable and relevant skills, yet the traditional model of academia often struggles to keep pace with these dynamic requirements. This paper explores the multifaceted challenge of bridging the gap between academia and industry in terms of skill development. This paper concludes by advocating for a holistic approach that involves stakeholders from academia, industry, and government, fostering a culture of continuous learning, and redefining the metrics of success to encompass not only academic achievements but also practical skills and industry readiness. Skill development is indispensable part of education system to bridge the skill gap between industry and academia which is also confirmed by p- values for seven opinions by Chi Square test are 0.02, 0.0245, 0.0232, 0.0134, 0.0134, 0.0134, 0.00342 and 0.0245 conducted at LPU campus. For statistical Analysis, I have used ORIGIN 2019 Software. Through these concerted efforts, the gap between academia and industry can be narrowed, ensuring a more seamless transition for graduates into the workforce and enhancing the overall economic vitality and innovation ecosystem. The study also provides a roadmap of utilizing Learning Factories as an integral part for the Indian technical academic system.
Key Words: skill development, academia, skill gap, brain drain, Industry
