With the development of technology and widespread demand for computing concepts has led to the increasing popularity for ERP solutions in other industries like educational institutes.
The potential opportunity of providing Educational Solutions is huge, with reports placing the total sector size at around 1.5 million schools, with over 25% of them being private schools.
The total amount of Foreign Direct Investments (FDI) inflow into the education sector in India stood at US$ 1.42 billion from April 2000 to March 2017, according to data released by Department of Industrial Policy and Promotion (DIPP).
The cloud in education is a huge market worth $5 billion; it is expected to cross $12 billion in 2019, according to a report, Cloud Computing in Education Market – Worldwide Market Forecasts and Analysis (2014-2019) by MarketsandMarkets.
Today, massive amounts of information (books, audio, images, videos) are available at one’s fingertips through the Internet, and opportunities for formal learning are available online worldwide.
Studies reveal that the creative use of Information and Communications Technology (ICT) in education has the capacity to increase the quality of people’s lives by enhancing teaching and learning.
The Budget has pegged an outlay of Rs 79,685.95 crore (US$ 11.952 billion) for the education sector for financial year 2017-18, up from Rs 72,394 crore.
The use of artificial Intelligence gives the ability to adopt a personalised approach that considers individual unique learning patterns to further enhance a student’s learning experience.
Technology is not all about playing games online or watching animated videos etc. The benefits of technology depend on the way children, parents and teachers choose to use it to enhance learning.
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