Trends The EdTech Industry Should Pay Attention To
Education technology is predicted to be worth more than $377 billion by 2028. The advent of technology and evolving student requirements, in my opinion, are the reasons for this anticipated growth. As modern communications become more prevalent in our lives, they will likewise become more prevalent in our schooling.
The epidemic has altered the education sector, and the EdTech business is expected to grow by roughly 21% year on year in 2021. Now that we’ve entered a new season full of possibilities, I’d like to discuss the five trends I feel the EdTech market should be on the lookout for and preparing for in 2022.
Lifelong Learning
As the founding member of an educational platform, I’ve witnessed how the talent you need now may become obsolete tomorrow. Consider the fact that it is frequently stated that 65 percent of children these days will hold jobs that do not currently exist. The rate of technological advancement has quickened to the extent where it is nearly difficult to stay up. However, it’s not just the pace with which technology is developing; there’s also an increased need for competencies and understanding.
I believe that the value of lifelong learning will grow in our lifetime, which will have a significant impact on learning and skills. Over 12 months, more than 55 percent of the adult population in Denmark, Finland, New Zealand, Norway, and Sweden enrolled in job-related conventional or non-formal training, according to the OECD. Your capacity to remain competent and secure in your expertise, regardless of how you gain new abilities, will be critical in the future.
AI-Powered Education
I also anticipate that artificial intelligence-driven education will shock the industry with its creativity and potential to unite instructors, scholars, and (if necessary) guardians and businesses on a unified platform. AI-powered education can provide each learner with a personalized learning experience. Al can customize education and provide individualized learning by modifying the course at the whole-class and individual levels, in which students can investigate themes that interest them. This, in my opinion, has the potential to alter the direction of schooling as we understand it.
Social Education
While the idea of social education has been there for a lengthy time, I’ve just recently noticed an increase in popularity. I’ve seen that social learning is frequently casual and happens through social media, communities, and teamwork. Social learning in education applies to children learning from each other in combination with teachers, experts, and official areas of information.
In consideration of this tendency, I’ve noticed a lot of new entrants into the Ed-tech business. Only time will prove how this pattern develops, but I think that effective social education instructors will institutionalize and begin cooperating with bigger Ed-tech platforms. As a result, they will not only be able to increase the number of learners, but they’ll also be able to exploit the technological and organizational skills of larger players.
A Concentration on Individual Development and Learning
Recently, I’ve noticed that education’s focus has shifted from mainly teaching knowledge to also inspiring pupils, which I believe benefits personal growth. Companies in the education technology industry must grasp those ideas and skillset are more important than facts. I feel that in the future, EdTech offerings will be more dedicated to making stuff realistic and participatory in real life.
Adaptive Learning and Big Data
The big data movement did not ignore education, and it cleared the path for a slew of creative approaches. Data such as students’ successes and attentiveness levels can now be utilized in educational software solutions to anticipate their performance or modify their learning experience. My firm, like all market participants, is looking into this. I’ve noticed that the machine learning algorithms commonly used to automatize this sort of innovation can provide teachers with important information by delivering limited, tailored learning solutions.
What would these trends indicate for educational technology leaders?
Although Ed-tech is growing, the industry will confront obstacles. Nobody can predict which wave will have the greatest impact on schooling. Some of these trends will arise as a consequence of technology advancements, whereas others may develop as a result of progressive reactions to consumer performance. Many could be developed by worldwide collaboration. Regular monitoring of these five trends is essential for keeping up with the rapid changes.
Ensure that your virtual classroom is nimble, that your programs suit the needs of fresh students, and that you contemplate outsourcing some day-to-day activities to AI. Be on the lookout for disruptive approaches such as social learning and new technologies such as blockchain. You will indeed be able to keep ahead of your rivals or at least retain your position in this manner.