Education technology (EdTech) points to technologies utilised for accessing and promoting education. Technologies such as software, hardware, and other technologies used in the education sector enhance learning. Incorporating technologies into the education sector helps empower the students and provides them with an individualised, inclusive and engaging learning experience. It would be appropriate to say that technologies have revolutionised the education industry.
Types of educational technology
Future of EdTech
The global EdTech industry market size in 2021 was $85 billion, predicted to reach $230 billion by 2028. The drivers of growth identified are the students’ preference for online learning. One of the reasons behind this is the pandemic, where the students had to use online learning. Also, this provides convenience and is a cost-effective option for students and educational institutions.
Technologies set to revolutionise EdTech are machine learning, artificial intelligence, gaming–related solutions through virtual reality, blockchain technology, learning analytics, and using social media in learning and augmented reality. Other than technologies, the EdTechs are not just used in educational institutions but are to be used in organisations for workforce upskilling.
According to a report by McKinsey, the educational institutions that used technologies performed well compared to those that did not use technologies. Why? Because the technologies used in the education sector provide an immersive experience for the students and improve their engagement. Moreover, it helps provide a hybrid learning environment, thereby providing flexibility to learners. From the teacher’s perspective, it allows the teachers to manage their teaching materials, such as providing access to materials and offering feedback.
Educational technology has already revolutionised the education sector and is expected to do so in the future. In line with the changing trends in the education sector, educational institutions should focus on incorporating technologies to enhance the teaching and learning process. The ROI would provide both tangible and intangible benefits to the institutions. Moreover, considering the growth of the educational technology sector, the usage of technologies in the sector would be essential for aiding the growth and development of students.