EDTECH INDUSTRY
                     
EDTECH INDUSTRY



EDTECH INDUSTRY


INTRODUCTION

 An industry that has the combined power of education and technology 
has managed to set trends along with some challenges that is set to 
mark its growth in the present era. With billions being invested, edTech 
is considered to be one of the richest and fastest growing industries.

 Technology in Education:                
   1. School learning prepares students  for the world of work.
    2. Vocational training can be a practical means of teaching.


JOURNEY TOWARDS EXPANSION

Education and technology have joined hands for doing business that 
always hits profit, the profits need not necessarily be in terms of finance. 
Billions are being invested in startups with the news spreading like 
wildfire across the entire globe, its significance has increased with its 
awareness. The use of internet in schools, documentation, presentations, 
etc. are a living proof that technology is slowly making a place in the 
educational sector. These developments have to keep up with the pace of 
the ever increasing population.


CHALLENGES IN TRADITIONAL EDUCATION

 High fixed costs
 Limited access
 Content development
 Different learning styles
 Inefficient infrastructure


ADVANTAGES OF TECHNOLOGY

 Minimal Cost
 Measurable outcomes
 Increased access
 Increases efficiency
 Personalized content
 Adaptive delivery


CHANGES IN EDUCATION SYSTEM 

1-Rapidly growing student population base 
  Major (quality) supply-side constraints: Low enrolment ratios in India,    
quality a major issue even when access is available. Ed-tech platforms 
can enable education to the masses by ensuring both easier access and 
consistent quality.
2-Increased penetration of e-devices
Mobile and tablet penetration in India increasing rapidly. Favorable 
government policies promoting use of e-devices in schools (K-12) 


3-Rising costs, particularly in higher/ vocational education 
High willingness to pay among Indian consumer offsets this effect 
somewhat, but ability of MOOCs and DLP to offer cheaper courses could 
become relevant
4- Stress on higher quality education / modern pedagogy 
Demand for better in-classroom experience in private schools and colleges. 
Extra supplementary education outside classes; fun and interactive 
learning techniques.


CHALLENGES IN EDTECH

"Technology will never replace great teachers, but technology in the hands of great 
teachers is transformational" – a quote that very well supports the use of education in 
technology. 
 Changing student behavior to go all-mobile is not working.
 Everyone downloads apps, but there are no paying customers.
 Institutions are competing with ed-tech companies and have money for the long 

run.
 Too much money is chasing cost-effective courses rather than outcomes.
 The industry is competing with each other rather than planning to take on large 

institutions.
 They are yet to make any profits out of their customer base.


UNIVERSITY OF THE FUTURE?

 Coursera
 Edx
 Mooc
 Udacity
 Udemy
 Internshala


THANK YOU!!!