The Rise of Ed-Tech

Technology is everywhere today. We cannot get to the end of our today without heavily relying on devices and applications which are only the result of continuous technological advancements. It has vastly affected everything we do, including how we work, eat, play, and even sleep. One of the most important areas benefiting from technological advancements and innovations is education. With mobile devices as well as integrated technologies reforming everything we know about education, institutions around the world are conducting thorough analyses and research on which technologies deliver the maximum results and how best to utilize them. Technology is improving every aspect of education and learning and the rate at which this is happening is only going to increase with time.

 

Adaptive Learning

One of the most noteworthy contributions of technology to education is adaptive learning. Every learner, whether it be a school going child, an employee training at their workplace, or a person taking online courses at home, learns differently. The old education model of one shoe fits all wasn’t that effective to begin with. Technology has not only made us realize that but has provided the solution for it as well. Today, teaching software with smart capabilities automatically gauge and adjust to the skill level and learning speed of the learner so that they can continue learning at the pace that best suits them.

 

Changing the Philosophy of Education

Use of technology for education is also causing us to question our established philosophy of it. While in the past the aim of education was to turn learners into skilled professionals and workers by equipping them with the necessary knowledge, today’s dynamic world requires us to be more learning oriented. Technology is empowering students to be empowered with information and take charge of their own learning. Today, teaching students to learn on their own takes precedence over traditional skill learning.

 

AI and Education

Artificial intelligence is no longer just a concept, and we are starting to see its applications in every day life as well. Its application in education is making one to one tutoring possible on huge scales. AI based tutoring systems that work similar to a human tutor and provide personalized assessments and tests as well as assistance have proven to be a great success.

 

Mobile Devices and Applications

The number of smartphone users is only rising every day and that too at an incredibly fast pace. The correct usage of mobile devices and applications in classrooms and for education can yield great results. Institutions that realize this and are not afraid to experiment with it are already benefitting from the results of incorporating the many offerings of mobile technology into, and for education.

 

E Learning

E learning is also gaining popularity and demand rapidly. Online learning management systems have proven to be a hit and the E learning industry is set to increase significantly in the coming years. Whether it be in educational institutions where e learning programs are increasing efficiency of learning and increasing student productivity, or in workplaces where E learning is facilitating cost effective employee training, the use of technology for education is doing wonders.

The Impact of Technology on the Economy

The economy of a state or country can be defined as the resources available to it and how well and carefully they are managed and utilized. We say that technology has had an impact on everything and that is very true. The economy too has been affected directly by technology and even if the impact wasn’t direct, there is so much technology has changed completely that its impact on the economy cannot be denied for any reason or by anyone. Studies show that issuance of patents directly expands the economy by pushing industries to produce better and more.

 

Increase in Productivity

Perhaps the most significant impact of technology on the economy has been by enabling a both, qualitative and quantitative increase in productivity. It has not only enabled to produce more but produces better. Production at huge scales on significantly lower costs than in the past is only possible due to technology. New equipment, machinery, and technology have increased the quality of products being manufactured and services being delivered everywhere.

 

Research and Development

The possibilities and unlocked potential technology have encouraged governments around the world to encourage research and development instead of buying and importing technology. Educational institutions and universities today encourage students to perform research and contribute to technological advancement. Good ideas and projects receive funding from governments and other interested entities. A culture of improvement and performance driven innovation has been created due to technology and how it has spurted R&D everywhere. The constant modernization of equipment and technology is a result of this.

 

GDP Growth

Research data from various countries around the world proves that the growth of ICT has a positive effect on growth. Higher broadband penetration, higher mobile Internet and mobile devices usage, and even higher adoption of technology in every aspect of our lives have proven to boost GDP per capita growth rate.

 

Better and Upgraded Jobs

Jobs aren’t as simple as they once used to be. The simplest jobs in every industry are being taken over by machines. Individuals that haven’t kept up with technological advancement to keep themselves useful are finding themselves without jobs. Although this is a problem currently, it is encouraging others to improve their skills and retrain themselves over the period over their work life to keep up with technology’s pace and remain relevant in today’s fast-paced world. The quality and skill requirement of jobs has taken a bump and people are realizing that their university learning will only be useful to them for a few years.  A culture of continuous learning and development is gaining adoption as a result which is a good thing.

 

Direct Job Creation

Technology has directly created a huge number of jobs and openings. Where technological advancement has permanently closed many jobs, it has created many more in comparison in their place. The ICT sector remains to be the largest employer today and the number of job offerings in it will only increase in the future at an even faster rate.