Ed-tech, also known as education technology, continues to expand at an impressive rate in this area of rapid digitisation. Technology progress has been crucial in maximising the potential of adaptive education.
Thanks to technological advancements, we can participate in cutting-edge instructional methodology. Over the past few years, e-learning and education technology have undergone dramatic changes. As a result, people worldwide have realised that e-learning is where the world is headed and that they need to equip themselves and their upcoming generations with the necessary skills to thrive in this new era.
Technology development has allowed more elements, such as augmented and virtual reality, customised and adaptive learning, and bite-size training design with a mobile-first mindset.
Throughout the predicted period, the worldwide ed-tech market is expected to expand by more than 130%. The online education sector has benefited from the move from static textbooks to more dynamic and digitalised methods of imparting knowledge. It is anticipated that students of varying ages, geographical locations and social and economic backgrounds would benefit from digital education delivery.
Let’s dive into the world of ed-tech and e-learning and understand how they are different from each other.
Ed-tech vs E-learning
The quality of education in recent times has significantly improved with the introduction of Ed-tech. Ed-tech and E-learning are two associated terms but very different from each other. Let’s understand the difference between the two:
What is Ed-tech?
Ed-tech is largely any education-providing industry that provides technological advancements to enhance the quality of education. This consists of using advanced software tools to provide
personalised courses, quality-based portals, and adaptivity to the students and teachers in this modern world of education.
Ed-tech facilitates e-learning by utilising IT tools and technologies like Virtual Reality, Artificial Intelligence, Machine Learning, Chatbots, etc. These tools aid in the process of learning by leveraging new ways of technologies being introduced every day. The value of worldwide ed-tech was recorded at USD 106.46 billion in 2021. It is predicted to increase at a CAGR of 16.5% from 2022 to 2030.
The ed-tech industry is making people tech-savvy by incorporating animations, videos, audio, multimedia, and graphics to improve the experience for both teachers and learners all around the globe. Thus, it is safe to say that the market is growing, and so is ed-tech, by reaching new heights with new technological upgrades.
What is E-learning?
E-learning is a short form of electronic learning. It is referred to as the method of distributing educational materials through the Internet, allowing learners to access the information at any time, from any location, and on several devices.
Due to technological advances in e-learning, modern educators are now integrating films, virtual screening, games, and social learning via project-based collaboration, texts, visuals, etc.
The classroom is flipped due to the introduction of e-learning, such that it is a place of active study as opposed to the passive absorption of information. Classrooms have been outfitted with wall-mounted displays, projectors, iPads, and computers to offer more effective tools and devices for transmitting data.
According to data, e-learning courses are finished 60% quicker than in-person classes. In-person courses or traditional learning is comparatively lengthy and demanding. Since students work quickly, e-learning courses are completed considerably more rapidly than traditional semester-long courses.
It is a systematic teaching and learning method using electronic resources like webinar tools and other platforms provided by ed-tech companies.
We all know that ed-tech companies are devoted to making learning more accessible and promoting more education. It’s very similar to the traditional way of learning but in the digital world.
Importance of Ed-tech for facilitating E-learning
Ed-tech makes learning more uncomplicated, efficient, economical, and easily approachable to all students, regardless of their learning styles. Additionally, it helps educational institutions remain creative while also decreasing additional costs.
Let’s understand further how ed-tech is a great tool to expand e-learning:
1. Increased Student Participation-
When students are allowed to use technology, they tend to engage instantly. Furthermore, students are more motivated to learn when technology is included in the classroom.
Technology also facilitates student collaborations. They may collaborate on projects, interact easily from home or school and upload their work online.
2. Improved Digital Skills-
In this century, digital skills are crucial, especially for students. Technology and the Internet will be necessary for almost all future jobs students might apply to.
It’s high time that teachers should incorporate digital teaching skills by including ed-tech in the classroom.
3. Reduce Teachers’ Workload –
Ed-tech is also making things simpler for educators. Teachers may rely on the infinity of internet resources to make incremental adjustments to their teaching methods.
Ed-tech is ensuring to provide web resources, grading software, lesson planning tools, etc.
Currently, gamification is a component of ed-tech. This year will witness increased expenditures in educational gamification. Games will be included in lectures and student progress evaluations.
The instructors will be able to examine each student’s knowledge interactively while focusing on them.
It has been recorded that, by the year 2025, AR/VR and artificial intelligence will become more incorporated into primary education and learning processes. There are so many things the Ed-tech sector is functioning to escalate the utilisation of electronic learning.
5. Flexibility –
Ed-tech tools offer greater flexibility in terms of learning pace and progress tracking. Learners can study at their own pace, review content as needed, and monitor their progress through the use of analytics and assessment tools.
6. Cost-effectiveness –
E-learning can be more cost-effective than traditional classroom learning. With the use of ed-tech tools, educational institutions can reduce the costs associated with physical infrastructure, classroom resources, and travel expenses.
7. Global reach –
Ed-tech tools can help facilitate e-learning on a global scale, breaking down geographical barriers to education. Learners from different parts of the world can access the same learning materials and interact with each other, broadening their perspectives and enhancing their learning experience.
Future of E-Learning to facilitate Ed-tech
Every day, new tools and applications are created to support students with learning difficulties at every level and close the achievement gap that holds them behind. These programs do more than assist student study; they also provide instructors with strategies for dealing with learners who find it difficult to keep themselves updated with the classes.
People who previously believed their choices were restricted now have access to a universe of information on their laptops. Thanks to ed-tech and e-Learning, it has become easier for students to keep up with their pace. This will also have a profound effect on how future generations learn.
Keep reading to understand how e-learning plays a massive role in facilitating ed-tech in the coming future.
1. Demand for personalised learning:
A personalised learning route is a learner-centred strategy that highlights a student’s capacity to comprehend the lesson in a student-friendly manner. The system’s whole purpose is to identify the best techniques for the students.
This facilitates ed-tech because it has switched its focus on incorporating various tools to provide virtual classrooms, grading systems, chatbots, etc.
2. Gamified Learning:
The gamification technique includes paying players for completing each assignment or module. Technology plays a massive role in providing learners with an exciting platform to grasp knowledge.
Renowned ed-tech like Khan Academy utilises gamification elements like badges, points, and leaderboards to engage with the students. They use in-game language like “levelled-up” when a student completes an assignment and finishes it.
3. Sectoral Expansion and Outlook:
Ed-tech has occupied a modest portion of the education market for many years. It is predicted to reach $586 billion by 2027, according to market research data from throughout the world.
About 40% of India’s organised workforce needs certifications via e-Learning. It has been recorded that around 5000 Ed-tech start-ups, including big platforms like Coursera, Udemy, etc., will be India’s next digital export to online education.
4. More Accessible :
With the introduction of e-Learning and ed-tech, education has become even more accessible. It is continuously developing and expanding daily. People with smartphones and stable internet connections may acquire information since electronic education has no demographic restrictions.
The Global Diversification of E-Learning and Ed-tech:
The demand for e-Learning has increased, and the market has become more competitive, with companies competing for the attention of a diverse array of potential students.
India has become the ed-tech centre in the global market due to its spectacular growth in the industry over the last few years.
The worldwide ed-tech market was predicted to be valued 74.2$ billion in 2021 and is projected to rise at a robust 14.5% CAGR between 2021 and 2031.
With the assistance of education technology and investments in e-learning, education is reaching all parts of the world. Since location is no longer a barrier, any student or learner deciding on the most distant place may now get a high-quality education. Now every parent and children realise their dreams of a brighter future.
Due to online education, there is a growing need for instructors as well. The daily growth and expansion of several learning platforms need an abundance of skilled instructors.
If you want to stand out in the ed-tech industry, it is essential to have websites and applications developed for the students. It should be very reliable according to your needs and circumstances.
The significance of e-learning is vital to understanding. More than 4,450 ed-tech businesses support more than 300 million school children in India. The e-learning system has elevated the ed-tech industry, which uses its resources for inclusive, interactive and individualised learning to the forefront.
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