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Empowering Students: Innovative Solutions for Non-Traditional Financial Aid

Victor Senapaty

With the anticipated annual increase of 10-12% in the cost of education, financing has become a significant obstacle for those seeking a quality education, shared Victor Senapaty, Co-Founder, Propelld in an exclusive interview with Sheeba Chauhan of Elets News Network (ENN). Edited Exceprts:

What motivated you to revolutionise the financing of education back in 2017? Can you share some significant changes or developments you’ve observed in the system since then?

Propelld is a manifestation of our collective passion and unwavering perseverance. Myself along with my childhood friends Bibhu Prasad Das and Brijesh Samantaray, embarked on this remarkable journey driven by a shared vision. Despite holding high-paying jobs that provided comfort, we yearned for a deeper sense of fulfilment through work that made a tangible difference in society. From an early age, we harboured a desire to create something that would positively impact people’s lives and contribute meaningfully to society.

In early 2017, during one of our discussions about driving societal change, we stumbled upon a glaring gap between the current state of education financing in our country and the actual needs of students. It was a pivotal moment that sparked our curiosity and propelled us into months of rigorous research. We delved deep into the education financing industry, meticulously studying existing models and searching for ways to innovate and disrupt the status quo.

After relentless exploration, we finally arrived at an idea that we believed was truly transformative: an underwriting system capable of democratising access to education. We set out to build a financial product that would leverage this unique underwriting approach to assist students who faced daunting financial barriers. Our goal was to ensure fairness, transparency, and accessibility for every aspiring learner.

As we ventured into different education segments, we witnessed the profound impact of our efforts on both students and our esteemed institute partners. With each step, we received validation that our vision was resonating with those who needed it most. Propelld became the platform that skyrocketed towards a future where no deserving student in India would be deprived of quality education due to financial limitations.

The journey has been exhilarating, fueled by our unwavering commitment to empowering students and bridging the financial gap in education. Propelld continues to revolutionise education financing, offering tailored solutions and underwriting policies that cater to the unique needs of students across various disciplines. We remain resolute in our mission, working tirelessly to democratise access to education.

How is Propelld addressing the challenging act of getting financed for students who don’t get financial aid from traditional institutions?

Propelld addresses the challenging act of getting financed for students who don’t receive financial aid from traditional institutions in several ways. We offer various financing solutions, including moratoriums, income share agreements, and study-now-pay-later options. These options cater to educational programs’ different structures and outcomes, allowing students to choose the payment plan that aligns with their convenience and income potential. We have our evaluation based on potential and academic performance instead of solely relying on traditional credit scores and current financial situations. This inclusive approach enables more students to access education financing, irrespective of their credit history or income level. Our streamlined and hassle-free loan process which is entirely digital, simplifies and expedites the application and approval process, making it easier for students to obtain financing.

We collaborate with educational institutions to provide scholarships and other financial solutions. These partnerships are based on trust and we believe that the students who pursue education from these institutes will have future employability enabling them to replay without failure. By partnering with these entities, we further enhance their ability to assist students who may not receive financial aid from traditional institutions. By implementing these strategies, Propelld aims to democratise access to education by removing financial barriers and providing financing options specifically designed for students who may not have access to traditional financial aid.

What are the criteria that Propelld follows for shortlisting its student borrowers?

Our company possesses a distinct underwriting system, which serves as our core strength. This system operates on two levels: individual underwriting and institute-level underwriting. Individual underwriting involves a comprehensive assessment of factors such as credit history, income documentation, and bank statements to determine an individual’s creditworthiness. This evaluation allows us to gauge the financial reliability of the applicant.

In addition to individual underwriting, we conduct institute-level underwriting. This entails an evaluation of the course quality and the reputation of the institute offering the course. By considering these factors, we can provide varying approval levels tailored to each of our partner institutes. By combining both individual and institute-level underwriting, we can offer a differentiated approval process that takes into account the creditworthiness of individuals as well as the quality and outcomes associated with the educational institutions they are affiliated with.

Propelld has a unique business model in the education space. Can you explain how it works and what sets it apart from other players in the industry?

Propelld operates as a B2B2C entity, partnering with educational institutes to provide financial products and enhance their services for learners. Thus, our customer base comprises the institutes and the students/parents. Our domain is relatively unexplored, with no significant players in traditional lending.

The education sector’s unique risk-return tradeoff and opportunity cost may not appeal to traditional lenders, but Propelld recognises the potential of this market. Our deep understanding and experience in this space have convinced us that it holds great promise for a large lender capable of taking calculated risks and being adaptable. As education is the first expense for a student, building a relationship here could provide an excellent starting point for a long-term association.

Our competition primarily consists of upstart startups, both horizontal and vertical players, as we operate in a niche market. Horizontal players view education merely as a sourcing channel, while education-focused vertical players need to gain experience and market dominance. Our sustained leadership position in this segment and the vast market potential leave us with limited competition.

In terms of retaining our institute partners, we continuously strive to improve our product offerings and leverage non-traditional data sources to serve a higher number of learners better. Our close-knit relationship with the institutes enables us to make frequent product modifications, integrate with their systems, and remain their preferred partner.

Regarding students, we plan to transition towards more relationship-based offerings shortly. This will involve assisting students in rating and reviewing courses and educational services, enabling them to make informed decisions and fostering better connections.

How do you see the future of education and learning, and what role do you envision for Propelld in that future?

Education is not only a game changer on a socio-economic level but also an investment with one of the highest returns on investment (ROI). Propelld recognises the transformative power of education in shaping individuals’ lives and society as a whole.

At Propelld, we envision a future of education that is personalised, accessible, and adaptive. We believe every individual has unique learning needs and preferences, and education should cater to those differences.

Furthermore, we anticipate a greater emphasis on skill development and lifelong learning. As industries evolve rapidly and new technologies emerge, the demand for specific skills will continue to change in this evolving job market.

However, with the anticipated annual increase of 10-12 per cent in the cost of education, financing has become a significant obstacle for those seeking a quality education. Adding to the challenge, traditional banking systems have disproportionately favoured premium engineering and medical colleges, leaving countless students from other disciplines and backgrounds at a disadvantage.

Recognising the significance of education and the financial barriers that often hinder individuals from pursuing higher education, Propelld is committed to providing financial support. We understand that the cost of education can be a major deterrent for many individuals, and we aim to bridge that gap. By offering accessible and affordable financing options, we strive to ensure that deserving students have the financial resources they need to pursue their educational aspirations.

UpGrad likely to acquire US-based Edtech firm Udacity

UpGrad Udacity

UpGrad, a leading edtech, is apparently in talks to purchase Udacity, a US-based edtech company that has been on the market for a few months and is thinking about selling a majority stake through an equity swap. According to reports, Udacity may now be worth more than USD 100 million, and recent negotiations suggest a valuation range of USD 100 million to USD 120 million.

According to the sources, even in the event of an equity swap, Udacity’s declining client retention rate and approximately USD $100 million in yearly revenue raise concerns about the company’s long-term health and valuation.

In 2015, Udacity, a US-based business, joined the unicorn club after obtaining a USD 105 million in Series D financing. Tracxn claims that throughout the course of five rounds, a total of USD 238 million in capital has been raised. The report stated that Udacity is now open to selling, which would result in a significant drop in valuation from when it peaked as a unicorn, but this is due to a significant reduction in operations.

Udacity, which was established in 2012 by David Stavans, Sebastian Thrun, and Mike Sokolsky, has its primary office in Mountain View, California, and a presence in Bengaluru, India. It is a global online training platform that provides programmes in subjects including artificial intelligence, machine learning, data science, cloud computing, cybersecurity, and digital marketing. These programmes give skills that are applicable to the industry.

As part of its development into the Pacific region, UpGrad stated earlier this month that it planned to build a medical institute in the Republic of Vanuatu. UpGrad raised Rs 300 crore through an internal rights issue in March with the assistance of its present shareholders and founders, indicating its commitment to both organic and inorganic expansion across several formal education verticals. UpGrad has 31 offices spread over 31 countries, including Vietnam, Singapore, the Middle East, the United States, and the United Kingdom. The business has reportedly made 16 acquisitions.

Global Education Leaders to Gather at the 26th Elets World Education Summit in New Delhi

World Education Summit

The 26th Elets World Education Summit, a global platform for decision-makers, thought leaders, and experts in the field of education, is set to take place on 4-5 July at Vivanta by Taj, Dwarka, New Delhi.

The exclusive closed-door summit will feature two parallel tracks focusing on school education and higher education, bringing together eminent educators, policy-makers, and industry experts to discuss and deliberate on the challenges and opportunities in the education sector.

26th Elets World Education summit in its two-days will feature an engaging agenda with keynote speeches, panel discussions, industry presentations, and networking opportunities. With a focus on “Navigating Education in a Globalised World”, the summit aims to facilitate collaboration and knowledge exchange among stakeholders for building a competitive education system in today’s ever-evolving digital age.

The event will begin with a warm welcome address by Dr. Ravi Gupta, Founder, Editor-in-Chief, and CEO of Elets Technomedia.

Higher Education Track

Day 1 of the Higher Education Track will feature a power-packed inaugural session and panel discussion on various topics including scaling future-readiness in higher education, redefining pedagogy through technology and innovative teaching practices, bridging the skills gap between higher education and industry needs, and adapting to a tech-driven world with artificial intelligence, etc. The panels will feature renowned speakers from esteemed institutions and organisations, including Indian Institute of Management Sambalpur, Chitkara University, Jamia Millia Islamia, and many more.

Prof. (Dr.) T G Sitharam, Chairman of the All India Council for Technical Education (AICTE) will be joining the summit as ‘Guest of Honour’. Addirtionally, distinguished speakers including Dr. Shashank Shah, Director (Senior Specialist – Higher Education) at NITI Aayog; Dr. (Mrs.) Pankaj Mittal, Secretary General of the Association of Indian Universities (AIU), Delhi; H.E. Brendan Ward, Ambassador of Ireland to India; and Sivakumar Veerappan, Founder & CEO of Anubavam Technologies Pvt Ltd, will deliver special addresses during the session.

The highlight of the higher education track will be the keynote session on “Empowering Future-Ready Workforce through NEP 2020: Redefining Skill Development to Adapt 21st-Century Skillsets”. Renowned experts in the field, including Dr. Abhay Jere, Vice Chairman of AICTE; Dr. Abhishek Jain, IAS, Secretary of the Department of Education, Government of Himachal Pradesh; and Eng. Mohammed Mahnashi, SEU President Advisor for Digital Transformation & Data Management at Saudi Electronic University (SEU), Saudi Arabia, will share their insights and expertise on the topic.

The second day of the higher education track, 5th July, will explore the vast opportunities and possibilities in the digital age. The opening session, titled “Enlarging the Horizon of Education on a Global Level: Opportunities & Possibilities in the Digital Age”, will feature notable speakers including Shri A Malla Reddy, Additional Secretary, Department of Higher Education, Government of Telangana; Prof. Binod Kumar Kanaujia from Dr B R Ambedkar National Institute of Technology (NIT), Jalandhar; Prof. M.N Doja from Indian Institute of Information Technology Sonepat (IIIT Sonepat), and Arpan Stephen, Head of E-Learning at Arabian Gulf University, Kingdom of Bahrain.

In addition, industry presentations by prominent organisations such as Camu, WisdomCircle, Anthology, and Lex Counsel will showcase cutting-edge solutions and advancements in the field of education. These presentations will provide valuable insights into the latest trends and technologies shaping the future of higher education.

School Education Track

The school education track will also feature a lineup of esteemed speakers and thought leaders in the field. Participants will have the opportunity to gain insights into the latest developments and trends in school education.

Day 1 will commence with the inaugural panel discussion on “Promoting Multilingualism, Multidisciplinary at School Education: NEP 2020 Perspectives”. The panel will include esteemed panelists such as K Bhaskar, IAS, Commissioner of School Education (Infrastructure), Department of School Education, Government of Andhra Pradesh; Dr. Biswajit Saha, Director (Training & Skill Development) at the Central Board of Secondary Education (CBSE), India, and G. P. Upadhyaya, Cabinet Secretary & Principle Chief Investment Advisor Government of Sikkim. They will share their insights and perspectives on the role of multilingualism and multidisciplinary approaches in school education, in alignment with the National Education Policy (NEP) 2020.

The second day of the summit, 5th July, will feature a keynote address by Naveen Jain, IAS, Secretary, School Education Department, Government of Rajasthan.

One of the highlights of the school education track is the “Opening Session: National Curriculum Framework: Promoting Skills & Competency-based Education”. Moderated by Dr. C.S Nair, Director-Strategy & Skills, Silverline Prestige School, the session will feature esteemed panelists such as Prof. Abha Sharma from the State Council of Educational Research & Training (SCERT), Geeta Varshney from Shri Ram Global School, Dr. Deepika Rathi from Gyaananda School, Dr. Bhavna Chibber from Laburnum Public School, and Sunita Swaraj from The Heritage School.

The summit will also feature panel discussions on crucial topics such as national curriculum frameworks, learning spaces, digital tools, technology in early education, and the impact of artificial intelligence on K12 education, etc.

Moreover, the attendees will have the opportunity to attend industry presentations by renowned organisations such as Sri Connect, Zenda, Tag Hive, and eKal Academy.

26th Elets World Education Awards

The power-packed summit will also host the 26th Elets World Education Awards ceremony, recognising and honouring outstanding contributions and achievements in the field of education.

2 Days of Unparalleled Learning & Networking

Bringing together over 300 decision-makers and top edtech players, the 26th Elets World Education Summit is a significant platform for knowledge-sharing, networking, and collaboration among education stakeholders.

Attendees will have the opportunity to engage in meaningful discussions, gain valuable insights, and explore innovative solutions to shape the future of education.

For more details, visit: wes.eletsonline.com

UGC approves new guidelines for University-Industry collaboration on R&D

University Grants Commission

Universities and industries can now form Research and Development (R&D) clusters at the State or Central level to address the technological needs of the region in collaboration with the MSME/MHI (ministry of heavy industries)/department of Industries of State Governments. This also equips students with the necessary skill sets and prepares them for the workforce through internships. The cluster may develop a technology-focused method to identify local issues, assign the same projects to the students, and have them receive credit for the work.

The “Guidelines for Sustainable University-Industry Collaboration in Indian Universities” were approved in the University Grants Commission (UGC) meeting on June 27, 2023, and they will be made public on June 30 for comments. The creation of R&D clusters at the State or regional levels through University-Industry (UI) links has been requested of higher education institutions.

The National Educational Policy 2020, according to M. Jagadesh Kumar, chairperson of UGC, suggests lively UI connection, with a focus on exposing students to real-life examples and fostering their global competency.

“The guidelines will encourage industry and university collaborations in research and development. The creation of training and apprenticeship possibilities in the industries, R&D labs, and research organisations would be aided by the establishment of links between universities and industry, according to Kumar.

Also Read | UGC introduces new norms for degrees

A regional R&D Advisory Committee that advises the R&D growth in the cluster may be established, as per guidelines, by the institution acting as the cluster leader. In addition to looking into funding options from various stakeholders, higher education institutions must establish an Industry Relations Cell (IRC) to enable joint project creation between a university faculty group and an industry group. The industry have been asked to establish the University Relations Cell (URC) in order to meet and service their R&D demands.

Infosys and Skillsoft collaborate to enhance digital learning

info

Infosys and edtech company Skillsoft have teamed together in order to transform education and learning for Indian children from class 6 to lifelong learners.

Learners will have free access to a wide range of Skillsoft learning materials through Infosys’ programme known as Infosys Springboard. The purpose of this course is to help you build important technological, leadership, entrepreneurial, and behavioural skills.

The alliance aims to democratise learning, ensuring that keen minds are prepared to prosper in the future, and to provide adequate learning and career possibilities for school students, graduates, and lifelong learners. The business claimed.

Digital transformation, AI and ML, data science, cloud computing, cybersecurity, and effective communication and presentation skills are just a few of the topics covered in the courses being offered. The collaboration aims to answer the constantly changing demands of the modern world and meet the various needs of learners at various stages of their educational and professional journeys by addressing such a wide range of topics.

The company has translated the entire course content into multiple Indian regional languages, including Hindi, Marathi, Gujarati, Tamil, and even some international languages, in order to make this initiative accessible to people living in Tier 2 and Tier 3 cities, where educational resources may be limited.

The partnership between Infosys and Skillsoft is in line with the business’s mission to democratise high-quality learning for lifelong learners. This partnership will cross geographic boundaries and provide effective learning opportunities to learners around the world, according to Thirumala Arohi, Senior Vice President and Head of Education, Training, and Assessment at Infosys. This collaboration will be aided by commentaries in the regional Indian language and international language subtitles.

World Bank approves USD 255.5 million to enhance technical education in India

World Bank

The World Bank has authorised a loan of USD 255.5 million in order to help India improve the quality of its technical education and increase the number of job opportunities available to students.

Over the next five years, the project will support 275 government-run technical institutes, which will benefit more than 3,50,000 students per year, according to a statement from the US-based global organisation.

From 29 million students enrolled in 40,000 colleges in 2011–12 to 39 million students enrolled in 40,000 universities in 2019–20, India’s higher education has been steadily growing. India’s tertiary education system is among the biggest in the world, but recent research has revealed rising gaps in both technical and non-technical skills like reasoning, interpersonal communication, and dispute resolution.

By putting more of an emphasis on research, entrepreneurship, and innovation as well as improving governance in technical schools, the Multidisciplinary Education and Research Improvement in Technical Education Project will help to increase student employability and skills.

Students will have access to updated curricula that include cutting-edge communication and climate resilience technologies as part of the initiative. They will gain from improved internship and placement services as well as networking possibilities with professional organisations, according to the statement.

“The tertiary education system in India is among the biggest and fastest-growing in the entire globe. According to Auguste Tano Kouame, the World Bank’s Country Director for India, the project would help the National Education Policy 2020 of the Indian government, which calls for modernising this crucial industry to better educate students for future professions and economic prospects. “Improving female participation in technical education will receive special attention,” the statement read.

The project will provide assistance to participating institutions in planning outreach initiatives aimed at educating parents, guardians, and prospective female students about technical education programme options, increasing gender sensitivity, and dispelling myths about women’s abilities in the STEM (science, technology, engineering, and math) fields.

Studies have also demonstrated the importance of boosting India’s ties to business and society in terms of innovation and research, according to the official statement. Of the 9,581 technical education institutes, only 504 have started at least one company, and of those, 525 have done so in the preceding two years, starting between two and four. The programme will promote research and innovation in high-priority areas including climate change and sustainable energy.

The task team leaders for the project, Nina Arnhold and Namrata Tognatta, stated in an official release that “they will also help participating institutions strengthen their governance and internal quality assurance mechanisms by building their capacity for self-assessment, developing institutional quality policies, and preparing for accreditation.”

Establishing Indo-U.S. Global Challenge Institutes, a Priority for Education Ministry: Pradhan

Education Ministry Pradhan

The establishment of Indo-U.S. Global Challenge Institutes will be a priority for the Education Ministry, according to Union Education Minister Dharmendra Pradhan, in order to strengthen research collaborations and intercultural exchanges in fields including semiconductors, renewable energy, health, and emerging technologies. He praised the leaders for their determination to strengthen the strategic alliance between Indian and American colleges, particularly Prime Minister Narendra Modi and Vice President Joe Biden.

According to Pradhan, a new phase of the collaboration is set to begin with the recently announced India-US initiative on Critical and Emerging Technology. According to him, this will hasten the results, especially in terms of cutting-edge technologies and synergistic Research and Development centres of excellence at academic institutions. The Minister stated that this topic has been discussed by the Joint Task Force, which was established with the Association of American Universities and includes the top IITs and IISc.

The major IITs and IISc in India have been participating in a joint taskforce with the Association of American Universities to study ways to improve research collaborations between the two countries. Neeli Bendapudi, president of Pennsylvania State University, Robert J. Jones, Pradeep K. Khosla, Satish K. Tripathi, president of the University at Buffalo, and Sunil Kumar, provost and senior vice president for academic affairs at Johns Hopkins University, were all in attendance. They are all members of the Association of American Universities.

Indian Institutes of Technology and Indian Institute of Science representatives were present on the Indian side. This task force has been tasked with developing “new models of engagement” and exploring new areas of collaboration between Indian and American universities.

This decision was made at a time when India was welcoming foreign universities to establish campuses there. Additionally, this collaborative task force will aid foreign colleges in establishing branches in the two nations.

Developments in Cultural Informatics: Text Mining & Natural Language Processing for Digital Humanities

Dr.-Sanjay-Goel ji

“Digital humanities” is an interdisciplinary field that combines the methodologies and insights of the humanities, such as literature, history, and philosophy, with digital technologies and computational methods. It aims to transform the ways in which scholars research, analyse, and interpret human culture and historical records by leveraging the power of digital tools and computational techniques. In digital humanities, researchers use various tools and methods like text mining, natural language processing (NLP), data visualization, network analysis, geographic information systems (GIS), etc., to study and explore large datasets, digitized texts, and multimedia resources. This enables them to uncover new patterns, connections, and insights that would be difficult to identify using traditional research methods.

Natural Language Processing (NLP) involves various computational techniques and methods for understanding, interpreting, and generating human language. Text mining, a subset of NLP, focuses on extracting patterns, trends, relationships, and valuable insights. The roots of text mining can be traced back to the late 20th century when computational linguistics and information retrieval began to intersect with research in humanities and social sciences. Early pioneers utilised simple keyword searches and frequency analysis to identify key themes in large corpora. Over time, with the development of more sophisticated algorithms and computational tools, text mining and NLP have become indispensable tools for understanding the previously unexplored complexities of human culture and history.

One of the most significant applications of text mining in historical studies is the analysis of large corpora of historical texts. For example, researchers use text mining to analyse historic newspapers archived by the Chronicling America project of the United States from 1770 to 1963, enabling them to identify trends and patterns in news reporting, advertising, and public opinion during different periods. Similarly, researchers use the Old Bailey Proceedings Online corpus of nearly 200,000 trials from the Old Bailey, London’s central criminal court, spanning the period from 1674 to 1913, to identify trends in crime, punishment, and social attitudes over time. It can be employed to study the linguistic features of historical documents, such as grammar, syntax, and vocabulary. This can reveal interesting insights into language evolution and help trace the origin and dissemination of specific linguistic features across time and space. For example, the Helsinki Corpus of Historical English Texts project uses text mining to analyse the linguistic features of English texts from the Old English period to the early Modern English period.

Topic modelling, a text-mining technique that identifies recurring topics and themes within a corpus of documents, has proven invaluable in historical research. By applying this technique, researchers can identify patterns and trends in large collections of historical texts, such as newspapers, legal documents, and personal correspondence. For example, researchers applied topic modelling to analyse the content of the “Richmond Daily Dispatch,” a newspaper published during the American Civil War, to analyse the newspaper’s coverage of events, issues, and public opinion.

Text mining enables researchers to analyse the literature and explore patterns in style, themes, and influences across various time periods and cultural contexts. For example, the Culturomics project at Harvard University discovers cultural trends using text mining on a massive corpus of digitised books. By tracking the usage of words and phrases over time, the researchers can analyse how cultural ideas have evolved and spread. In another example, the Stanford Literary Lab applies text mining to analyse the themes and narrative structures of novels. Computational Stylistics has emerged as a field of enquiry that examines the forms, social embedding, and aesthetic potential of literary texts by means of computational and statistical methods. It is used to investigate literary texts for a variety of research questions, including authorship attribution, style, genre, and epoch; literary topoi, plot, and character networks; narrative perspective, figure characterization, and emotion; gender, race, and social status; canonicity, literariness, and textual quality; and cognitive representations of the word beauty, metaphor, and rhyme.

Text mining of literature and other textual sources has been widely used by researchers, providing valuable insights on various other issues in the past. For instance, exploring gender and race in historical texts helps identify patterns and trends in the portrayal of marginalized groups, shedding light on societal attitudes and biases. Similarly, sentiment analysis in historical texts allows researchers to understand the emotions and attitudes expressed by authors during specific time periods or events, giving insights into their experiences and perceptions. It has been applied to analyse artistic and architectural descriptions, historical speeches and debates, religious texts and beliefs, historical medical texts, and propaganda and media coverage. By examining the language, themes, and characterizations in these texts, researchers can identify patterns and trends in artistic and architectural styles, understand the rhetoric and priorities of historical figures, trace the evolution of religious thought and medical knowledge, and assess the role of media in shaping public opinion.

Text mining has also been applied to study the social networks of historical figures and events by extracting information from historical records, letters, and diaries, to map out connections between individuals and groups, shedding light on the dynamics of historical events. For example, the Mapping the Republic of Letters project at Stanford University uses text mining techniques to analyse the correspondence networks and other records of early modern scholars. In another example, researchers at Carnegie Mellon University and Georgetown University have developed “Six Degrees of Francis Bacon,” an innovative digital humanities project that reconstructs the social network of early modern Britain. This project website allows users to explore the personal connections between prominent figures such as Francis Bacon, William Shakespeare, Isaac Newton, and many others. At present, “Six Degrees of Francis Bacon” features over 13,000 individuals and approximately 200,000 relationships, offering a unique perspective on the interconnectedness of key historical figures.

NLP has been applied to aid in the preservation of endangered languages and to broaden the accessibility of historical texts. Machine learning algorithms are now capable of translating texts between languages, connecting diverse cultures and time periods. Both the Rosetta and Perseus projects incorporate NLP techniques to improve the accessibility and comprehension of texts within their digital libraries. The Rosetta Project concentrates on creating a digital library of human languages, including endangered ones, using NLP for translation, categorization, and language pattern analysis. In contrast, the Perseus Digital Library offers translations and linguistic resources for classical texts from Greco-Roman antiquity, utilising NLP for language analysis, text annotation, and machine translation.

NLP has been instrumental in deciphering ancient scripts. By analysing patterns, character distributions, and potential language similarities, it can help reconstruct lost languages and decipher ancient texts. For example, the decipherment of the ancient Hittite language was assisted using NLP techniques, which enabled the researchers to identify word patterns and grammatical structures. This breakthrough allowed for the translation of numerous Hittite inscriptions.

NLP has been applied to the analysis of oral histories, which provide invaluable insights into the lived experiences of individuals and communities in the past. By transcribing, annotating, and analysing recorded interviews, NLP can help identify patterns, themes, and connections in these narratives. For example, NLP has been applied to transcribe, index, and analyse the testimonies archived in the Shoah Foundation’s Visual History Archive, which contains around 55,000 video testimonies of Holocaust survivors.

Conclusion:

In conclusion, Natural Language Processing and its subset, text mining, have revolutionized the study of human culture and history. By extracting patterns, insights, and valuable information from vast volumes of textual data, researchers can now explore previously inaccessible dimensions of the past. The continuous development of NLP and text mining techniques will open new possibilities and enhance our understanding of human history and culture through interdisciplinary collaboration between IT, humanities, social sciences, and cultural studies. To prepare students to participate in such work, higher education institutions must foster an environment that encourages interdisciplinary learning, integrating computational techniques and methodologies with traditional humanities and social science curricula. By equipping students with the necessary skills and knowledge, universities can play a vital role in shaping the future of research in these fields, facilitating innovative discoveries through the power of NLP and text mining. Computer science students and faculty have a great opportunity to collaborate with their counterparts in humanities and cultural studies departments to apply NLP and text mining technologies in their domain.

Views expressed by Dr. Sanjay Goel, Director (Institute of Engineering and Technology), JK Lakshmipat University, Jaipur, Rajasthan

‘One Nation, One Data’ portal – centralised data exchange for HEIs starting from 2023-24 academic year

One Nation, One Data

The ‘One nation, One data’ portal, which will serve as a single point of data exchange for all of the nation’s higher education institutions, will be available for use by the start of the new academic year in 2023–2024; preparations for it have already started. The portal, which permits just one source of data gathering and exchange by numerous regulatory agencies, is one of the essential changes to strengthen the assessment and accreditation system of colleges, universities, and other higher education institutions.

The foundation for the data collection and rectification portal has already been laid. Huge amounts of data exist, and gathering all of the information that has been provided by various organisations to various authorities is a significant undertaking. An official with knowledge of the process stated that the data is then being reviewed with the relevant universities and institutions for any consistency issues, authenticity issues, and duplication.

One Nation One Data (ONOD) is an online platform that will serve as an unified and single source for all higher education institutions to upload their data regarding, among other things, the number of students, faculty, infrastructure, research projects, and placements that are required by various regulatory bodies for periodic assessments, ranking, and grading. It would enable data simplification and so address the difficulty faced by institutions when providing information on numerous portals and on a recurring basis throughout the year. As a result, institutions won’t need to submit the same information repeatedly because it may be provided via an API. The official stated that the site itself allows for any necessary upgrades.

The data can be used by various organisations for various objectives. For instance, regulatory organisations like the National Institutional Ranking Framework (NIRF) and the National Assessment and Accreditation Council (NAAC) can use the same for grading and granting approvals to colleges and other institutions, respectively. A team led by Prof. Anil D. Sahasrabudhe, chair of the National Board of Accreditation (NBA) and National Educational Technology Forum (NETF), which was established by the union’s Ministry of Education (MoE), is working on the project.

We are also working to eliminate any extraneous sets of data while rationalising the data that regulatory bodies need in order to provide approvals, rank, and assess applicants. The goal is to submit only the necessary amount of data. The committee is inviting members of these regulatory agencies who utilise the data to consult on the matter, the official said.

In its draft report titled “Transformative Reforms for Strengthening Periodic Assessment and Accreditation of All HEIs of India,” the Overarching Committee, which was established by the MoE last November and is led by K Radhakrishnan, chairperson of the standing committee of the IIT Council, recommends several critical reforms, including ONOD.

CBSE likely to become an international board in Global South: Dharmendra Pradhan

Dharmendra Pradhan ji pic

According to Union Education Minister Dharmendra Pradhan, the Central Board of Secondary Education (CBSE) has the potential to become a global board in the Global South given its popularity in the area.

The Union Minister stated in a press conference on the sidelines of the G20’s fourth working group meeting on education that the UGC is now drafting the rules that would permit international universities to establish campuses in the nation in accordance with the National Education Policy (NEP).

“Recently, I had the chance to speak with a person from Singapore who oversees CBSE schools in Singapore and Japan. While diaspora students attend CBSE schools in Singapore, I was shocked to hear that the CBSE board and methodology are also very popular in Japan. I was informed that the teaching of mathematics and other topics is in demand,” he remarked.

In response to a question regarding foreign universities that are permitted to open campuses in India under the National Education Policy (NEP), Pradhan stated that the UGC is refining its regulations to permit such offsite campuses. The Minister’s enigmatic response regarding Indian universities opening campuses abroad was that more specific announcements would be made soon.

In response to a question regarding foreign universities that are permitted to open campuses in India under the National Education Policy (NEP), Pradhan stated that the UGC is refining its regulations to permit such offsite campuses.

Pradhan stated that the nation currently spends 4% of its GDP on education when discussing greater financial allocation for education. “Yes, as stated by the NEP, we have not yet reached the 6% of GDP mark. However, resource limitations must also be considered, he added.

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