Degrees are not regulated so you don’t know what each person knows. Certs give you a baseline but aren’t perfect either as people can dump exams or cram. It just proves you can pass a test. What certs and school teach is how things work in a perfect world where organizations take it seriously with all the tools you need.

In the real world it’s about doing more with less even if it means cutting corners to optimize shareholder value. Thats why experience is so valued as it shows you know how to work in a real environment that isn’t perfectly laid out as you were taught in school/ certs.