The Covid-19 pandemic has given way to new technological avenues. The use of computer paired with educational resources has given birth to a new phenomenon known to the world as educational technology which has facilitated students in terms of learning and improving academic performance. Before the pandemic who knew that remote learning is going to be the new normal. Although the idea of remote learning was budding with technological advancement, the rate with which it spiked during the pandemic was not anticipated.
The covid 19 crisis acted as a catalyst to enhance the Ed-tech platforms and brought tremendous changes in the education sector. Due to this massive shift from physical classrooms to digital ones, the Ed-tech platforms has garnered $1.1 billion in 2020 which is four times the revenues generated in 2019. Unacademy has raised 150 million dollars from soft Bank, Nexus Venture, General Atlantic, etc.
Reason for the drastic change in educational technology:
Over 1.2 billion children have been forced to stay at home due to the pandemic resulting in the shutting down of the educational institutes and rise in e-learning. It has not only affected the students but also the educators and investors. Different research with encouraging results has been conducted regarding e-learning and it is anticipated that this method might persist even after the pandemic.
The future of ed-tech after the pandemic:
Even before covid-19, educational technology had already gained momentum with investment reaching investments reaching US$18.66 billion in 2019 and the overall market for online education projected to reach $350 Billion by 2025. A tremendous surge in the demand for language apps, virtual tutoring, video conferencing tools, or online learning software since the outbreak. This unplanned migration of education resources to the internet has led to a number of speculations regarding the future of online learning. Currently, the online resources are not developed enough to give a seamless experience to the students and teachers for instance no training, poor bandwidth and little preparation. It is expected that the transition that the pandemic has brought in the educational sector might persist even after the pandemic.