Edtech Revolutionizing Learning: Entrepreneurs Keep An Eye

Edtech Revolutionizing Learning: Entrepreneurs Keep An Eye

Just last morning my 12-year old nephew reached out to me with his school assignments.

I was taken aback by how different and evolved learning has become, compared to how we learned things 10 years ago.

The sources of information, the overall intake of knowledge is contrasting.

It felt different.

Learning has evolved

The drastic shift from the whiteboard learning — followed by smart classes and now online classes — the pandemic has single-handedly eliminated the concept of studying and learning in physical classrooms.

No doubt coronavirus is/was the toughest problem businesses had to face, but we can’t disagree on the fact that it somehow worked as a catalyst that revolutionized a number of industries.

For leaders, innovators, and change-makers, the post-pandemic era offers valuable opportunities to lead, leaving space for tremendous growth.

This has forced us all to think, with a number of businesses falling apart, how will everything fall back into place? Is this ‘once-in-a-century pandemic’ a way to bring things together? Is this pandemic clearing ways for better opportunities?

Too many questions, right?

Understand one thing - for the ones with a defined vision, are already taking actions and preparing for the worst.

Coming back to the learning part, look at Edtechs.

Edtechs are surging

The landscape of education has always been based on a traditional model.

Online learning may seem regular now but it actually isn’t.

With the advent of technology and the need for intense learning, the growth in edtech startups have transformed the educational landscape.

Imagine the time before the lockdowns, only a few students subscribed to online learning platforms like skillshare or Udemy, and that too for things they were not taught in school or to gain extra skills, almost everything.

Edtech startups are brimming with gold

The pandemic accelerated the learning process — not just for the educators but for investors and edtech startups as well. The global investment grew by 15% in 2020, a predicted $7.8 billion.

Since the market is largely untapped, it carries a high potential to grow.

The generations that follow millennials are highly influenced by technology. They are the future and — this marketplace is what you’d want to be positioned in.

Why must you invest in Edtechs?

Since we are talking about learning - there’s always room for improvement, isn’t it?

The development in Edtech is directly proportional to the overall growth of the education sector.

Just for instance, eLearning tools. They are not just for the ones thirsty for knowledge, but also for those who want to invest in them.

We have already witnessed huge transformations in the education sector and they’ll be continuous.

Let’s talk numbers:

The U.S. colleges received $58 billion in the fiscal year ending June 30, 2023. Although this represents a 2.5 percent decline from the record high reported in 2022.
The Indian edtech market was valued at over 2.8 billion U.S. dollars across India in 2020. This value was estimated to significantly increase to over ten billion U.S. dollars by 2025.
Coursera and CampusLogic received funding of more than $100 million in investment.

Emerging Trends in Edtech

Edtech is changing the game at lightning speed, bringing in fresh, innovative ways to learn. Here are some of the most exciting trends that are revolutionizing education:

1. AI-Driven Personalized Learning
Artificial Intelligence is revolutionizing education by offering personalized learning experiences. Imagine a virtual tutor that understands your strengths and weaknesses, tailoring lessons to your unique needs.

AI algorithms analyze your performance and adapt the content accordingly, ensuring you receive the right support to excel. This means students can learn at their own pace and focus on areas where they need the most help.
A prime example of this innovation is Iris, India's first AI-generated school teacher robot, introduced by Makerlabs Edutech in a Kerala school.

2. Gamification
Learning is becoming more fun and engaging through gamification. By incorporating game elements such as points, badges, leaderboards, and interactive challenges, education platforms motivate students to participate actively.

3. Virtual and Augmented Reality (VR and AR)
VR and AR are taking education to a new level by making it immersive and interactive. With VR, students can explore historical sites, dive into deep-sea adventures, or conduct virtual science experiments from the comfort of their classrooms or homes.

AR enhances learning by overlaying digital information onto the real world, bringing textbooks to life with 3D models and interactive content.

Edtech is transforming education by embracing new trends that enhance learning. Whether you're a student, teacher, or investor, staying updated with these innovations is crucial. The future of education is here, offering exciting opportunities for everyone.

Unlock new opportunities

All you have to do is fill the gap with your innovative idea and dive into the market.

The quality you need is the quality we deliver. illuminz will help you in turning your idea into a highly functional product.

The educational revolution is here.

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Are you an entrepreneur with an education innovation? Don't miss the wave. illuminz can help turn your vision into a reality.