Abstract:
Purpose of the study: With the growing technologies, unemployment is a big issue for youngsters, which is a big challenge in itself due to lack of skills among the youngsters The main purpose of this study is to shows, how the education 4.0, in-line with industry 4.0, to develop and optimize personalized education, would ultimately determine how young people of the future will work and live in.
Methodology: Both quantitative and qualitative data are used in this research study. For this research as a survey questionnaire is used for collecting primary data. Data Collection and analysis methods are adopted wherein the questionnaire is circulated amongst various stakeholders like engineering students, faculty and industry experts in Pune City.
Main Findings: A conceptual framework is proposed to identify factors affecting uncertainty in employability and implementation of education 4.0 model aligned with industry 4.0 to overcome these factors for developing existing education is studied here.
Applications of this study: Higher and technical educational institutes where every year more students are graduated with a technical education but a large percentage of them are not able to get employment. IT and manufacturing companies found a lack of skills in them and not ready to hire them. An educational institute is failing to fill this gap and more uncertainty in employment has occurred. This research will be helpful to the educational institutes to implement an education 4.0 model to enhance new parameters for restructuring the existing education that would be benefited for students and institutes to meet the requirements of industries.
Novelty/Originality of this study: This study has proposed a new conceptual framework of identifying the factors that cause of unemployment gap between academia and industries. This study has focused on the implementation of education 4.0 model in line with industry 4.0 where readers will learn how a new model of education will be helpful to educational institutes in developing their existing education methods as well as will be benefited to the graduated students in terms of developing skills to cope with new emerging technologies.
