EdX, the nonprofit online learning destination founded by Harvard University and the Massachusetts Institute of Technology (MIT), today announced significant successes in the fast-growing Indian market with 73% growth in registered users from India over the past year.
With this, the registered user base for EdX learners in India has crossed the 1 million mark. EdX recognizes India as a high-priority market for online education and reinforced its commitment to the region by appointing Amit Goyal as the India Country Head in May 2016.
As a response to the growing acceptance of MOOCs among Indian corporates, in the last year, EdX has made significant corporate and strategic advancements in India. Chief among them include the launch of EdX for Business site in December of 2016. EdX for Business provides Corporate L&D solutions for the evolving workforce, offering access to thousands of in-demand courses from the world’s best universities and leading institutions by creating a flexible and convenient way to empower employees to gain deep knowledge in highly relevant fields like IT, business management, data analytics and more. With EdX for Business, companies can develop the workforce they need through customised solutions that allow them to train, engage and benefit employees in a cost-effective, flexible and scalable manner.
"With the pace at which the business scenarios are changing, having a future-fit workforce is becoming increasingly important for business. Online learning have the potential to revolutionize education. MOOCs and blended learning, will pave the way for ubiquitous learning. EdX for Business addresses high quality learning and development needs without having to manage the high cost debate. We would like to congratulate EdX and are confident that edX will be instrumental in democratizing education in the country." said Dr. Aloknath De, CTO Samsung Research Institute, Bangalore.
In line with its mission to increase access to high-quality learning, EdX also formed a Corporate Advisory Board (CAB) in October 2016. The EdX CAB is a group of learning and development leaders from top global companies that serves as a forum for conversations, solutions and networking, regarding workforce development needs. The CAB meets regularly to discuss the future of learning and to identify evolving product and content needs to best train the workforce of tomorrow. EdX is fortunate to collaborate with CAB members, who are senior leaders in the field of corporate training, and to incorporate their valuable feedback into the solutions and offerings provided by EdX for Business. The forum has representation from leading businesses across the globe, including representation from top Fortune 100 companies.
Amit Goyal, India Country Head, EdX added, “India is a one of our fastest growing geographies and we will continue to invest in the country to drive this growth. MOOCs are a new-age model of learning that is now well-recognized by learners as well as the wider ecosystem. We are now in our second stage of growth with increased scope of corporate and strategic collaborations in India. At EdX, we have seen global companies saving up to 80% on their L&D spent by replacing corporate training methods with MOOCs. We are working with several corporates in India to adopt best practices and maximise ROI by offering business support services e.g. customised catalog integration on their own portal, ease of access and performance tracking.”