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Consultancies are launching academies to bridge the academia-industry gap

Every year, millions of students graduate. But more than half of them are unemployed or, if they manage to crack the interviews, struggle to fit into their jobs.  It’s not hard to see why. There’s a big gap between academics and industry skills. Market forces have made IT, finance, analytics and management industries upgrade at a faster pace than university curriculums can match. Machine learning and automation are entering the industry, widening the gap.  It’s no surprise then, that corporate organisations are launching academies to bridge the divide.  KPMG, an international accounting and finance firm, has collaborated with National Institute of Information Technology and started a finance academy. PricewaterhouseCoopers (PwC), a consultancy firm, has come up with their own educational institution for courses in accounting, banking and finance. Capgemini, a global consulting and technology services company, has an initiative called Digital Academies for courses in coding, SQL and web development.  These academies are not meant to offer a formal education degree, they’re for fresh graduates and working professionals to catch up.