Tata Neu Launches NeuSkills to Offer Reskilling Courses
Tata Neu, the super app from the Tata Group, has launched a new vertical called NeuSkills that offers reskilling courses at premium prices.
The NeuSkills is being introduced at a time when funding and business activity in the edtech sector are declining.
This month, the new industry, NeuSkills, will introduce two boot camp-based courses for front-end developers and data analytics.
These courses will be provided at a discounted price of Rs 60,000, excluding of tax.
Candidates who enrol in the courses may be eligible for internships at Tata companies and may eventually be hired by the Tata Group, according to promotional materials distributed by Tata Neu.
For internship and job placement opportunities, the website lists Tata businesses like BigBasket, 1mg, Croma, AirAsia, Tata Cliq, Tata Consultancy Services, Cult.fit, and Westside.
Tata Neu’s decision to start offering reskilling classes is a positive development for the labour market. To keep up with the shifting demands of the workforce, reskilling and upskilling are required.
NeuSkills will face stiff competition from larger rivals like Scaler, Byju’s-owned Great Learning, UpGrad, Masai School, and Newton School in the online upskilling courses segment for software engineering and data sciences. These players have a long history in the market and have developed a potent presence.
The Tiger Global-backed Scaler School of Technology in Bengaluru, which offers a four-year residential undergraduate courses in computer science, made its offline debut last month.
In the midst of the economic downturn, Byju’s and Unacademy, which have fired thousands of employees, are also growing offline.
The decision by Tata Neu to provide reskilling courses is advantageous for the labour market. The emergence of a new player is advantageous as the edtech market resets itself.
Candidates enrolling in the courses stand to gain greatly from the internship prospects and prospective job placement at Tata companies.
With well-known competitors like Scaler, Byju’s-owned Great Learning, UpGrad, Masai School, and Newton School, the market for online upskilling courses is competitive.
However, Tata Neu’s NeuSkills has a solid foundation to build upon thanks to the support of the Tata Group.
Re-skilling and up-skilling will be crucial as the job market keeps evolving, and Tata Neu’s offering will be crucial in addressing the shifting needs of the workforce.