Education technology has a lot of potential to eliminate certain barriers in the streamlined and quality education to all across the world, hence generating numerous business opportunities for the professionals in the education sector.
In today’s world, we all are becoming spoiled brats of technology. But technology was never invented for our bad; it was invented with an intention to save time and efforts. It all depends on how we use this extraordinary invention of humans.
There is possibly nothing that is left untouched by technology, not even education sector. Education technology has a lot of potential to eliminate certain barriers in the streamlined and quality education to all across the world, hence generating numerous business opportunities for the professionals in the education sector.
Here are some emerging trends in education technology that are giving rise to best business ideas in education sector.
Online education is all set to take the world by storm as it has made learning more accessible and efficient. Platforms like ‘Swayam’ are prevailing in India more than ever. According to recent reports, it is anticipated that online education in India is likely to be 2 Billion USD industry by 2021 and more than 75 crore Indians would be using internet by the year 2021.
All of the above statistics suggests that business ideas in the field of online education are going to rise in the coming years; therefore, the market for online education businesses is going reach a remarkable point.
Digital and Comprehensive Online Assessment
The old school practice of assessment is based on analysis of theoretical knowledge of students by teachers. Students usually write theory answers in exams and the answers are being evaluated by evaluators.
Evaluation is an important part of education. But evaluation has much more to it than just checking the theoretical knowledge of students. With technologies like Artificial Intelligence (AI), personal assessment of the students could be done. There is an increasing demand for such tools and systems that can eliminate the limitations of traditional assessment techniques. Online platforms such as online examination systems, photo capture quality etc have generated a lot of opportunities for entrepreneurs in the field of technology to explore the education sector.
As traditional ways of teaching are becoming obsolete, there are emerging a huge number of unconventional ways through which teaching could match up with the evolving world. Personalized learning is one such way that has pushed the boundaries drawn by school-teaching and is letting the students enter all new forum of personalized access to learning.
Startup ventures like ‘Byju’s’ are prevailing in India more than ever. This has transformed the education sector in a very big way.
In order to ensure maximum information retention, Virtual Reality (VR) has put its share forward. Virtual reality helps students to acquaint students with the complex concepts of different subjects and help them gain a deeper understanding of the material by a learner with its further application in real life.
With continuously increasing demand of VR in education sector, VR accessories market has grown with a great pace. Products like 3D glasses, 3D printers, are very much in demand by consumers because of its increasing application in education sector.