Technology is a big fat giant, like Gulliver. It goes on disrupting industries – radio, television and even the news. So where's the giant’s next stop? It's education. In other words: Ed-Tech. Worldwide, education is a $4 Trillion Industry – almost twice as large compared to the year 2000. And the magic of technology has only just begun.
Khan Academy, Coursera, Udemy – all of these platforms fall into “Ed-Tech.” Millions of kids learn from these sources every single day. A peek at Khan Academy's YouTube comments will give you an idea of the value these classes provide. It ranges anywhere from “I’m finally interested in mah” to “I couldn't have passed without you!!”
It’s clear – Ed-Tech is booming. And from what we think, this is just the beginning. Down below are 4 fundamental reasons why Ed-Tech is the “next big thing.”
Ed-Tech can cut Education costs by almost 85-percent
Where does all the “education money” go – is it books, teachers or infrastructure? Making education ‘available’ is the biggest expenditure. Be it teachers, books or buildings – they use up 85-percent of education expenditure (up to $3 Trillion).
Now let’s compare it to Ed-Tech. Because here one teacher can teach millions of students. And Sal Khan from Khan Academy did exactly that! Students need no infrastructure other than an internet connection and a smartphone/tablet. This way everybody gets to learn from the best teachers in the country, or even the whole world.
So I might have just saved $3 Trillion dollars. Don’t worry, you can pay me later.
Ed-Tech is Education with more reach
Education has hardly touched undeveloped countries, be it the Middle-East or countries in Africa. After all, it’ll take millions to populate all those areas with proper schools. And it doesn’t end here: management, staff and books still add on to this pile of costs.
Smack! Technology solves all these problems. Just by having an internet connection (much cheaper than school buildings, I must say) and a smartphone, you can learn from some of the finest teachers regardless of location; be it Nigeria Man of Isle, or even the Moon! Maybe not the Moon.
Technology gives the best Feedback
The education industry has doubled in the previous 15 years. But the actual effectiveness? Not so much. In fact, it has not increased at all!
With Ed-Tech you can take a peek – and improve – according to your students’ results. This can be done with almost everything – be it tests, classes or videos, teachers can collects stats about their students' strengths and weaknesses.
You can know exactly what is bothering a Joe in your class – be it Trigonometry or Pascal’s law. And then, teachers know crystal clearly what they need to focus on next. Students and teachers both perform better when there are stats in the mix.
Technology is more immersive than books
Have you ever studied online? Compare that to school books. There’s a sea of difference on the fun scale. Technology is games, quizzes and videos! Books? Books are… boring (trust me - ask your son).
Long story short: Ed-Tech will soon be a path of Education every kid would love to pursue.
These were just 4 of the many signs pointing in the direction of an education revolution. School is no more in the boring books of the past, or the sleepy lectures. The 21st Century has put some of the best teachers right in our pockets.
Our children will learn better than we did.