[Vandit Kinarivala – Founder & CEO, Dweek Studios]
The global electronics technology market is expected to grow at a CAGR of 19.9% from 2021 to 2028. In 2021, this industry was worth $ 106.04 billion. What is the reason for the explosive growth trajectory that is envisioned for this sector?
There are several reasons Ed-Tech is picking up across the world and the recent pandemic has only served to accelerate demand. With children kept away from school and taking online classes, technology has already made inroads into classrooms.
EdTech is aimed at all stakeholders in the education ecosystem – students, teachers, parents, experts, education cheerleaders and knowledge seekers from all socio-economic strata. The proliferation of smartphones combined with cheap internet data has ensured the penetration of electronic technology into the underserved segments of the population.
E-learning solutions are changing the education industry by closing the gap between supply and demand. Affordable access has made online education platforms available to the lower strata of society. Ed-tech allows individuals to register for tailor-made courses for their personal and professional development. The emergence of electronic technology has crossed the boundaries of classrooms and entered homes in recent years, aided by the disruption induced by the pandemic.
According to a famous educator, Mr. Welton Fitzwater, “the future of the world is in my classroom”. This sums up the emergence of the modern classroom in the age of digital transformation. The multi-channel approach to education has literally brought classrooms into the palms of children.
The emergence of so many successful startups in recent years is a clear indicator of the demand for such solutions. From offering independent study courses to offering didactic assistance to students taking competitions, ed-tech has provided several alternatives that have found great response around the world.
Studies have established that the use of audiovisual media allows a better understanding and retention of learning concepts. Modern ed-tech platforms offer smart learning tools designed to teach learning concepts in an engaging way that grabs children’s attention and engages them. These platforms offer assessment tools to measure children’s progress, identify their strengths and weaknesses before they move up to the next level. There are rankings that show how your child is performing compared to their peers.
The use of artificial intelligence and machine learning ensures that students have a personalized learning experience that helps them learn at their own pace. It’s no longer about what you teach, but how you teach in school. Teaching methodologies have been turned upside down with the use of Ed-tech. Let’s take a look at some of the areas where ed-tech scores higher than traditional book-based education.
The Covid pandemic that has closed schools and universities across the world has been the biggest cheerleader for EdTech. Technology has enabled students to access educational materials on their smartphones. This ensured that learning could continue without interruption, at its own pace, anywhere, anytime, providing the ultimate flexibility.
Tailor-made to fit
EdTech has evolved tremendously over the past decade. It is no longer about videos and images. Modern learning platforms offer interactive experiences using augmented reality. They help create tailor-made experiences based on the aptitudes, strengths and interests of the student. When paired with great teachers, EdTech can be a transformative tool.
EdTech provides an integrated learning platform that can communicate with all interested parties – students, teachers, parents and school administrators. Virtual Assistant helps teachers and administrators set up alerts for homework and exams, provides important metrics to parents and teachers regarding achievement with clear assessment of strengths and weaknesses.
What can we expect from EdTech in the near future?
1. Use AR / VR in the classroom
Learning can be taken to the next level with digital technology. Children will have the opportunity to use virtual reality, gamification, simulation, etc. to develop critical skills such as analytical thinking, decision making and problem solving. These techniques help students better grasp and retain complex concepts, and cognitive and psychomotor skills also improve. Studies show that gamification can improve learning outcomes by 89%. This will help teachers to tailor lessons to suit their individual abilities.
2. Holistic learning
With EdTech, children have the opportunity to realize and develop their passions online with their normal studies. They can learn from the best minds in the world and hone skills that aren’t taught in school. It will help them move forward in their areas of interest and it will help develop a well-rounded personality.
3. AI-based science assessment
Moving away from the rote learning model that simply assesses students on a written test, EdTech provides a detailed analysis of a student’s comprehension effectiveness, time taken to answer a question, time taken to grasp. a concept, etc. These applications can generate reports that compare their progress and highlight areas that need improvement. This is a continuous assessment process that allows course correction.
The EdTech industry was already on an explosive growth trajectory when the Covid pandemic struck. The overnight decision to announce a lockdown forced students to stay home. Educational institutions had to switch to online learning which quickly became the new normal. Today, 71% of millennials prefer to learn on a mobile device. EdTech has made learning more user-friendly and flexible.
In fact, EdTech will remain a staple of the new normal long after schools reopen and classes begin offline, as the usefulness of the technology is well documented. There is enormous potential and opportunity for EdTech in a well-connected world where smartphones and cheap internet data are becoming increasingly affordable and accessible to underserved segments of the population. EdTech improves education and helps shape young minds smarter.
[The writer, Vandit Kinarivala, is Founder & CEO, Dweek Studios]
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