The Future of Edtech Industry
The edu-tech or ed-tech industry is currently booming as all educational institutions small or big, is adopting a hybrid approach to learning. Necessity is the mother of all inventions. The pandemic accelerated some major shifts that are already taking place in global economies. It pushed most of the businesses we know on the digital platform. However, it also highlighted how underprepared our economies were to tackle a global pandemic. This was reflected particularly in the education system, which had been stagnant for decades in a brick-and-mortar setup. This was even more true for Higher Education where Gross Enrolment Ratio is just 27.4% in India.
The year 2021 was a pivotal year when employers understood the importance and relevance of work from home as well as learn from home. On the other hand, learners realized that up-skilling or re-skilling is the only way to grow and continue to have a sustained career. The shift to digital even for Degrees as envisaged in the National Education Policy (NEP 2020) all align extremely well with emerging tech and give me hope that finally, we shall see a huge surge in digital adoption in education. This will be the focal year for that and could be the catalyst for higher GER in Higher Education and more outcome-led and inclusive education. As soon as the Covid-19 pandemic hit, governments across the world announced complete lockdowns. This also meant acceleration for the need to shift away from brick and mortar and towards a digital form of education and learning. While this stage was initially difficult for all the stakeholders, it marked one of the most drastic developments in the education history of the world, let alone our country! 2021 is the year of change and evolution. The edu-tech or ed-tech industry is currently booming as all educational institutions small or big, is adopting a hybrid approach to learning. Necessity is the mother of all inventions.
The need of the hour is to adopt tech-based education, in order to move ahead 2021 is the year of change and evolution. The edu-tech or ed-tech industry is currently booming as all educational institutions small or big, are adopting a hybrid approach to learning. Necessity is the mother of all inventions.
The need of the hour is to adopt tech-based education, in order to move ahead and keep up with the global trends. Following are some ways that can help in building a better, advanced technologically developed education environment in 2021 which will also see a huge focus on Higher Education due to the recent policy changes under the new National Education Policy 2020. We shall see a huge jump in people seeking Degrees or certifications via online mode versus growth for offline. Essentially, people will measure ROI on time and money when they choose to learn a new skill or get a new edge in their careers.
and keep up with the global trends.
Career-oriented or outcome-based learning
The economic repercussions of Covid-19 have still not been assessed properly around the world. However, the effects are more significant on unemployment levels, which did see an increase. This has led to an accelerated shift towards Career-oriented learning, up-skilling and re-skilling using online platforms. The ubiquitous presence of mobile data and the scalability of high-quality learning using digital platforms enables better quality education to be delivered across the length and breadth of this country.
People are resorting to much faster and more ROI-led means of acquiring these skills and experiences that can help them to secure employment or even grow in any industry. Players from Education Industries have stepped in to help our entire populace to have access to outcome-based learning, certifications, and even career advancement while sitting in your own town or village!
- Artificial Intelligence and Machine Learning
The influence of AI and Machine Learning in EdTech is predicted to grow by more than 47 percent in 2021 Approx. The capability of these technologies to automate even the most basic activities like grading, communication, queries, feedback, evaluation, and progress improves the overall experience of users. We shall see more and more adoption of AI in regular day-to-day learning as well as life. It is a phenomenal new leap as it allows for the personalisation of learning way beyond what was humanly possible.
- Increased investments and adoption
As discussed above, there is a vast unexplored sea in the tech-learning world. Therefore, more companies are going to dig out ways to innovate, invent and implement in the segment of e-learning. As the ed-tech industry continues to expand, the adoption of tech is facilitated even further. Hybrid learning is the key to education in the near future!
- AR and VR will finally become more mainstream
Augmented reality (AR) and virtual reality (VR) are already popular and in motion. With the help of AR, interactive learning platforms empower and enable both students and teachers to enjoy the classroom experience. With the help of this technology, educationalists can expand the world of a classroom by adding videos and graphics, making it interesting and interactive for the students. Whether the teachers bring the historical figure to life or bring a whole simulation of the business world into the learning spaces, they will always have more possibilities to explore than ever before.
- Mobile as a key to boosting learning capabilities
Till the beginning of the year 2020, we all believed that mobile phones are the main cause of disruption in a learner’s life. But now, it is believed that by 2025 more teachers will be leveraging mobile devices to deliver as well as assess learning. The year 2020 taught us that learning can be equally engaging and fun when it is done via devices and apps. These apps can also be used to conduct tests, assign work and submit assignments, and even assess the delivery and final understanding.
- Classrooms will eventually develop
The introduction of technology in educational institutions will drastically change the classroom environment. In the coming few years, these institutions will evolve to accommodate the technology. For example, students working on robotics will have their stations equipped with advanced but suitable tools. With such a setup, classrooms will become more interactive and students will get opportunities to engage better with the domains of their choice. The landscape of education has changed drastically worldwide, especially in 2020. Education powered via technology as an enabler is becoming more multifaceted, flexible, inclusive, and affordable. We are currently at the pivotal point for EdTech and the move from here will determine the future of technology in education. The year 2021 should bring positive momentum in the digital transformation in education. Technology will support efficient, transparent, personalized, scalable, and accountable systems which will provide the best learning experiences. Although 2020 was a milestone year in EdTech, 2021 will be a year when the disruption in education becomes the new normal and the future of EdTech will truly be defined. Following are some ways that can help in building a better, advanced technologically developed education environment in 2021 which will also see a huge focus on Higher Education due to the recent policy changes under the new National Education Policy 2020.
We shall see a huge jump in people seeking Degrees or certifications via online mode versus growth for offline. Essentially, people will measure ROI on time and money when they choose to learn a new skill or get a new edge in their careers.
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