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Our Business Vision to Expand and Explore in National & International Markets- Aditya Malik

In an interaction with Aditya Malik, CEO & MD, Talentedge, Franchise India finds out more about edTech business, growth factors, and future of online learning.

By Senior Sub-editor
Our Business Vision to Expand and Explore in National & International Markets- Aditya Malik

 

The online learning space in India is estimated to grow from the current USD four billion to USD 40 billion by 2030. According to 6Wresearch, India Interactive Whiteboard market revenues are projected to grow at a CAGR of over 16.3% during 2018-24.

In an interaction with Aditya Malik, CEO & MD, Talentedge, Franchise India finds out more about edTech business, growth factors, and future of online learning.

Malik says, “Our business vision is to expand and explore in national and international markets. We are also scouting to invest in ed-tech companies who have cut out a place for themselves so that we can enhance the learning experience for our learners and breach new frontiers with our learning platform.”

The Rise of Interactive Learning Platforms

Malik says, “Observing the shift of learners from the traditional mode of learning to online learning, companies have been trying to replicate the classroom-like experience in the virtual world. The basic problem was to replicate face-to-face education in a technological environment without compromising interactivity. There is a need to continuously innovate and deliver a learning experience that is user-friendly, interactive and easy to grasp.”

He adds, “Talentedge’s indigenously designed learning environment, SLIQ is a step ahead of online classes, in introducing the concept of Live and Interactive classrooms powered by Artificial Intelligence & Machine learning.”

Bursting the ed-Tech Bubble

The basic ed-Tech model is to make education reach to people via online but Talentedge is trying to push the limits and offering a more progressive interactive virtual classroom environment.

Malik elaborates, “The possible reasons behind this development are the need to make the learning more personalized. The company is disrupting the conventional brick and mortar format of learning, to offer a progressive interactive virtual classroom environment that is better than a real classroom. We have been able to overcome the biggest fallacy of the industry and achieve a course completion rate of 95% with a satisfaction score of 92%.”

Malik also points out 5 factors which are shaping the trends in the education sector:

  • Growth in Internet and smartphone penetration
  • The demand for quality education among working professionals and job-seekers
  • Traditional model unable to democratize quality education from premier institutes like IIM, XLRI, MICA
  • Digital-friendly government policies
  • Cost of online education is low
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