With almost four months into 2021 now, many students worldwide continue to study from home – regardless of their age and level. For universities, colleges or schools, the outbreak of COVID-19 has severely disrupted traditional education institutions.
Like most industries, technology has evolved into a saviour for the education industry as well. New educational technologies are being developed worldwide. According to reports released before the COVID-19 outbreak, the market value of the edtech segment in 2019 was $ 6.4 billion, and the overall annual growth rate (CAGR) is expected to be 18.1% between 2020 and 2027.
This is a look into what has been brewing in India’s Education, Training and Coaching sector.
Artificial intelligence is helping students improve their performance, and teachers and educators to manage their work efficiently.
Delhi Board of School Education (DBSE)
A new initiative by the Delhi Government is to form the Delhi Board of School Education. DBSE will initially focus on building new schools in the state capital in the 2021–222 academic year. The main goal of DBSE is to bring some of the best learning practices to schools.
To begin with, 20-25 public schools in Delhi will establish an affiliation with DBSE. Currently, Delhi has around 1,000 public schools and 1,700 private schools, almost all affiliated with the Central Secondary Education Committee (CBSE).
Edtech start-ups to watch out for this year
This edtech start-up was founded in 2019 and is headquartered in Bangalore. Masai School has become a significant player in the software and programming market. It uses an Income Sharing Agreement (ISA) model to train beginners and experienced professionals. Masai currently offers two flagship programs- the first is coding for beginners, and the other is for experienced programmers.
During the coronavirus outbreak, the company began its operations on a fully online model and reached out to students from across the country. In 2020, the platform’s number of users tripled in 25 states in India and the company now also claims to have positive cash flow. In the future, Masai School aims to extend its operations to three new vertical areas, including software development, UI/UX training and data analysis programs for pre-grad school students.
After-school tuitions and coaching are a key and significant part of the Indian education ecosystem. And Classsup is digitising the vastly unaccounted for industry of teachers-turned-entrepreneurs. Founded in 2018, Classplus offers teaching materials to tutors that provide students with a digital learning experience, enabling educators to compete with the big players in the online education space.
The company offers teachers the opportunity to share reports, assignments, online questionnaires and video conferences with online students across the country using a simple mobile application product. The app can also help them with digital payments. Classplus currently charges commissions from its customers. In the past year, its activity has increased tenfold and has a solid customer base of teachers and students in India and a few other Asian countries.
Artificial Intelligence in Education, Training and Coaching
High-level technologies such as artificial intelligence (AI) are increasingly being integrated into the education and training segment. Artificial intelligence improves performance, personalizes data, and helps teachers and educators manage their work efficiently. This gives them the time and freedom to understand and accommodate the students.
These are the key players who are using AI in education and training.
Chimple Learning is part of a non-profit organization in India that is primarily dedicated to improving children’s educational standards. The company has recognized the urgent need for quality education in not only India but around the world. Its purpose is to promote the development of artificial intelligence, e-sports and scientific research. They develop software that children can use to learn in groups or on their own, with the aims to lift underprivileged children out of poverty through good education and modern tools of success.
Digital Aristotle (DA)
Digital Aristotle is a technology company based in Bangalore, India, that uses the latest artificial intelligence tools, language processing technologies and machine learning to provide critical insights to data tailored to individual needs. Digital Aristotle is currently working in the education and healthcare industries. Its solutions offer high-quality analysis to understand better and therefore take corrective action in significant challenges of the education and health sectors.