Edtech startups are on a roll.
Due to the pandemic, schools and colleges are going online to continue classes and teaching. And e-learning companies are rising to the occasion.
The edtech sector is expected to grow at a CAGR of 52% to become a $2bn industry by 2021. Moreover, at a time when so many companies are being forced to lay off staff, e-learning firms are robustly expanding their operations across the country and hiring more employees.
Here's a look at the current status of the sector, the challenges it faces, and what awaits it post-COVID.
https://transfin.in/edtech-startups-in-india-during-covid-19-pandemic
It is no longer a secret, that the EdTech industry is gaining popularity.
Education was always considered as one of the most traditional and conservative industries, but the 21st century made us the witnesses of technological revolution, which increased the interest in the digitalization of many processes – education is no exception for it.
The world pandemic and its consequences triggered many people to start exploring new ways of learning, and businesses in turn – opportunities to cover education needs.
As a result, the EdTech sector is becoming a global phenomenon, which shows significant growth and interest from both learners and investors.
If you are about to invest in educational technology, it’s high time to do it.
But before building the business around your product, let’s have a look at the global EdTech landscape.Read here
Technology has changed education and continues to change it as more and more EdTech companies try to facilitate the educational process. Let's review the reasons to invest in education technology startups and related challenges.
Education development is traditionally considered the responsibility of government and when we hear the phrase "educational startups" Coursera and Udemy come to mind...
Technology in education has changed over the years. Classroom learning ways have made learning simple. According to a recent stat report, funds are being invested in Edtech sectors of Africa to bring a change in the educational ecosystem. Cape innovation technology initiative has launched an open Edtech innovation cluster in Africa.
Its main aim is to collect the best Edtech startups and companies that’ll help to work on educational problems in Africa. Sparkschools and UNICEF are also doing their bit to change the concepts of learning in Africa. Sparkschools has raised an amount of USD 9, 000,000 for high-quality education in Africa.
Cloud ERP:Educational institutions should now consider performing all activities within the cloud.
Communication social features:SIS Software got to be integrated with robust alerting and communication systems to alert students, parents, or teachers on emergencies and key events.
Admission Management:Why stay bundles of files while all the info is often saved smartly.
Tracking institution’s day-to-day expenses and income, keeping all records of fee received and therefore the defaulters will make work easier for education institutions.
Think precisely about the synthetic substances, instruments are required, and when.8.
This helps in minimize proxies and paperwork.11.
Digital technology is transforming the modern education sector. In the last ten years, students in universities and colleges have gone from handing in paper essays to uploading them to e-learning platforms.
Students in primary schools are using tablets for classwork and homework. Pupils are designing objects using CAD and printing them with 3D printers. Parents don't have to wait for their children to come home with notes from the teacher; they are posted on hybrid cloud-based platforms that serve as connectivity hubs between parents, teachers and students. These are just a few examples of how technology has changed education. Let's take a closer look at the EdTech software world.
Over the past few years, the Ed-Tech industry has grown rapidly - last year $ 8.15 billion was invested in ED-Tech companies globally and the record will be damaged in 2018.
Some products have overlapping functions, some claims as "all-in-one" solutions, and others are solving problems that you never even know.
Educator preparing and instructor advancement can likewise be founded on mixed figuring out how to completely use the best educational solutions assets in educational plan guidance and computerized proficiency to oversee mixed learning So what is the actual student information system and how does it match all the other technologies that you use to run your school?
What is the student information system?Student Information System (SIS), Also referred to as a Student Management System (SMS), Student Information Management System (SIM) or Student Note System (SRS), is a software solution designed to help school track and manage all their student data - everything From the value, attendance, behavioral information and more.
Basically, sis serves as a core database for all school operations, and over the past few decades, many of them have also included additional features and modules to manage administrative tasks such as: Reception - Often SIS software is able to manage the entire acceptance process, starting from the initial contact to full registration.Billing and payment - pay and paid often can be managed through SIS, because it holds all data about parents, employees, suppliers and contractors.Reporting Functions - Reporting allows schools to identify trends in student behavior and analyze results to improve their performance.And much more.SIS which effectively makes student management easier than before.SIS which effectively provides a school with a centralized system to manage student data.SIS software, however, is not only used by teachers and school administrators - often have applications or portals for parents and students as well, making it an effective tool for communication and collection of consolidated data.
The nominal value, it seems that sis can do everything you need, but after closer inspection, chances are you will find some missing functions and areas that can be improved.