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Education Technology Insights | Wednesday, March 02, 2022
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With the advancement of technology and the onset of the Fourth Industrial Revolution, society and the professional world continue to evolve and change. This, in turn, has had a profound impact on the educational sector, resulting in the emergence of several new educational trends.
FREMONT, CA: Over the last two years, digital transformation in the education industry has accelerated exponentially. From primary to higher education and professional and workplace training, every step of education has shifted toward online and cloud-based delivery platforms. The educational technology (EdTech) sector will reach $680 million in value by 2027. This will be primarily facilitated by mobile technology, cloud services, and virtual reality, which will create new opportunities for accessible, immersive learning. From an optimistic standpoint, people might rejoice that the quality of education offered in 2022 will be less constrained by one's location in the world and the amount of time available for lessons. With that in mind, here are some significant technology advancements affecting education in the coming year:
Remote education: Due to the coronavirus outbreak, numerous institutions and universities were obliged to adopt a remote learning paradigm. However, as has been the case with numerous other shifts, this was only an acceleration of a trend that had been developing for some time. Between 2020 and 2025, the market for online learning services and e-learning is expected to create at a 15 percent annual rate, reaching $50 billion. E-learning enables school-aged children to study subjects and skills that are not taught locally while also allowing students in higher education to fit learning around other commitments such as employment or family duties.
E-learning is also becoming more popular for corporate training—research conducted by IBM on its remote learning efforts discovered that learners could acquire five times more knowledge at a third of the cost, resulting in a $200 million savings.
Lifelong learning (subscription services): Today's education system was built for a different society where children were supposed to train for a "life career." Learning opportunities were limited to those that could be offered in physically accessible locations, and years of formal education would be "front-loaded"—squeezed into the first two decades. Today's work landscape is radically different from grandparents or even parents. Due to the rapid pace of technological advancement, skills can quickly become obsolete, making continuous development a critical strategy for career and corporate success.
In response to this change, educators and students are moving toward an ongoing form of education—may be taking ideas from the move toward subscription services in many other spheres of life. Another factor is the rise of online learning aggregators such as Coursera or Udemy, which offer hundreds of "micro-courses" and traditional degrees and multi-year courses. These are designed to break learning down into manageable portions that can be finished over a few weeks or months. These new modes of education are being developed to meet the changing needs of businesses and employers in the twenty-first century and will become an increasingly popular alternative for learners seeking flexible ways to incorporate education into their lives.
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