Is the Edtech sector in the country going to be regulated?

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Is the Edtech Sector going to be regulated??

Digitalization is on its peak and the development in EdTech has provided teachers and assessors with far greater access to data on individual achievements and progress. Online platforms, new learning formats and mobile applications have vastly improved access to education. It is enhancing the learning process as well. The online and cloud technologies in EdTech standards also bring exciting standardization possibilities for content. However, experts feel that the lack of a regulatory framework in India along the lines of the General Data Protection Regulation (GDPR) in Europe could impinge on the privacy of students who now use educational technology (EdTech) apps for learning. Since the onset of the pandemic, online education has replaced conventional classroom instruction. This has spawned several EdTech apps which have become popular. Schools and colleges have been able to move their content delivery, engagement and evaluation from offline to online and ensure minimal academic disruption. This exercise has forced teachers to become facilitators in learning rather than being content providers. The EdTech apps have the advantage of being able to customize learning to every student in the system. Among the edtech sub-sectors, K-12 education startups with $4.3 Bn in total market size will have the single highest market share — 41% of the total edtech market in India. Taking into account that the pandemic has brought plenty of momentum for edtech adoption in India, the market size of edtech in India is estimated to grow 3.7x in the next five years, from $2.8 Bn (2020) to $10.4 Bn (2025).

The concern is, many education technology companies prey on underprivileged parents by force-selling courses, with this the privacy of students who use EdTech apps for learning is at risk. As there are no regulatory frameworks being defined, the firms are using the resources as.

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  • Watch Is the Edtech sector in the country going to be regulated? Video
    Is the Edtech sector in the country going to be regulated?

    #Odishagovt #investment #PristynCare

    Is the Edtech Sector going to be regulated??

    Digitalization is on its peak and the development in EdTech has provided teachers and assessors with far greater access to data on individual achievements and progress. Online platforms, new learning formats and mobile applications have vastly improved access to education. It is enhancing the learning process as well. The online and cloud technologies in EdTech standards also bring exciting standardization possibilities for content. However, experts feel that the lack of a regulatory framework in India along the lines of the General Data Protection Regulation (GDPR) in Europe could impinge on the privacy of students who now use educational technology (EdTech) apps for learning. Since the onset of the pandemic, online education has replaced conventional classroom instruction. This has spawned several EdTech apps which have become popular. Schools and colleges have been able to move their content delivery, engagement and evaluation from offline to online and ensure minimal academic disruption. This exercise has forced teachers to become facilitators in learning rather than being content providers. The EdTech apps have the advantage of being able to customize learning to every student in the system. Among the edtech sub-sectors, K-12 education startups with $4.3 Bn in total market size will have the single highest market share — 41% of the total edtech market in India. Taking into account that the pandemic has brought plenty of momentum for edtech adoption in India, the market size of edtech in India is estimated to grow 3.7x in the next five years, from $2.8 Bn (2020) to $10.4 Bn (2025).

    The concern is, many education technology companies prey on underprivileged parents by force-selling courses, with this the privacy of students who use EdTech apps for learning is at risk. As there are no regulatory frameworks being defined, the firms are using the resources as

    Technology video | 209 views

  • Watch Vineet Gupta Ashoka University Founder | EdTech HYBRID Model Is A Reality | Indian Education Sector Video
    Vineet Gupta Ashoka University Founder | EdTech HYBRID Model Is A Reality | Indian Education Sector

    Two of the most prominent educational figures in India take part in a healthy debate regarding Edtech Hybrid models: Vineet Gupta, founder of Ashoka and Plaksha University, and Manish Upadhyay, Co-founder of LIQVID and an education consultant.

    It is very much real, according to Vineet Gupta. When the pandemic began, start-ups such as Vedantu, BYJU's, Unacademy and many more began getting crazy valuations, suddenly they became the center stage in the education sector. It was the only option for the children to remain competent in the real world but to switch to online education. As a matter of fact, even parents scrambled for the best possible solutions for their children, but also professionals who were laid off or worried about their jobs sought new courses and certifications. As a result, there has been a surge in demand for educational technology services, and the Indian edtech sector has emerged as a major driver of growth.

    After the pandemic, education centers began opening again, but startups relying heavily or entirely on the digital medium suffered. With predatory practices, misrepresentation, and rising consumer complaints, edtech platforms are now at risk of regulatory oversight, further complicating things for edtech companies. Already in 2022, Udayy, SuperLearn, and Crejo.Fun have shut down as they heavily relied on “online-only” teaching methods and could not adjust with the behavioral change post pandemic.

    Thus, the Edtech Hybrid model of education became a reality. In response to this, some players took calculated measures to establish their physical presence as well, such as Unacademy opening up centers in Kota and BYJU taking over the Aakash Institute. 'The race for hybrid models in education has begun, and those with established brand names, solid physical presences, and great digital infrastructure are well positioned to make the most of this upcoming phase,' says Vineet Gupta, founder of Ashoka and Plaks

    News video | 217 views

  • Watch Cyber spying in Edtech sector raises eyebrows Video
    Cyber spying in Edtech sector raises eyebrows

    #Cyberspying #edtechsector #dataprotection

    Edtech influencing cyber spying



    Data protection is highly necessary since we have seen many instances of common data breaches like hacking of account details like email, name, password and other personal details of the users. “Stolen passwords are one of the simplest and most common causes of data breaches. Technical vulnerability is another way that crooks can exploit in countless ways. Edtech companies are running after the Educational Institutions to introduce their courses in the country and are going to disrupt the present strong education system with the digital education taking the advantage of pandemic. Secondly, EDTECH companies have tied- up with the schools and have taken most of the students' databases including their parents and approaching them separately with their marketing offers. The present Lockdown brings opportunity for the Edtech sector to target the schools and colleges through their offering by tying up with various digital platforms.



    As A Result, Schools and universities become soft targets for cybercriminals everywhere. Generally, educational institutes do not spend a lot of money or effort on the cybersecurity of their digital databases and networks. As a result, even a semi-accomplished hacker can remotely access a school or college’s surveillance systems to spy on the students, professors, or staff members. Educational institutes stand to lose a lot if their confidential data is leaked or their students’ private details stolen. There are a few measures that educational institutes can implement to protect their stakeholders from data breaches and remote privacy invasion. Cybersecurity is a necessity in all sectors today. If users wish to improve the cyber-protection levels of their institute or local universities, they can install the next-generation firewalls and IAM systems. Finally, with technology evolving so quickly, businesses need to b

    Technology video | 161 views

  • Watch Unemployment in Indian EdTech Sector Video
    Unemployment in Indian EdTech Sector

    The country has witnessed growth in the IT sector and a shift towards education, with more than 4,500 EdTech startups have been launched in India to cater the needs of around 300 million students in the country. The sector got a much-needed push due to digital adoption; close to half a billion internet and smartphone users contributed to it.

    The lockdown and fear of COVID-19 spread has taken schools, colleges, and educational institutes online, thus leading to the emergence of many EdTech products and services and a rise in adoption.

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    Cryptocurrency won’t be banned but will get regulated with conditions

    #PMModi #parliament #Cryptocurrency

    Cryptocurrency adoption with conditions



    The value of crypto assets worldwide crossed $2 trillion earlier this year. Bitcoin is the most widely adopted crypto asset; it is worth over $900 billion, more than any tech unicorn founded in the last decade. The recent meeting with the Parliamentary Standing Committee on Finance had a detailed discussion with stakeholders and the Prime Minister then reviewed the matter alongside the Finance Minister and RBI, so there finally seems a ray of hope that some structure will be brought into this unregulated space. Now onwards it’ll be structured to help India rather than a ban. It will create a safeguard for retail investors, the crypto companies based in India will not move out of India, so there will be no flight of capital, it will create a healthy ecosystem for India and Indians to explore emerging technologies and become leaders and innovators in this space. India is one of many countries which has not taken any clear stand on it. There has been talk that the government will introduce legislation on cryptocurrency but nothing concrete has been done due to India's conservative approach. The lack of awareness, transparency and clarity puts the money of the investors, most importantly, retail investors, at risk. This industry which holds so much of capital is not monitored or regulated in India and that should be the point from where India's policy-making should begin.



    Global crypto adoption is accelerating with ongoing technological innovation due to corporations worldwide offering crypto assets to consumers. These crypto assets serve as digital gold or tokens powering decentralised applications and are used for transfers, remittances, trading, lending, capital raising, etc., potentially impacting industries ranging from law to logistics, media, and cybersecurity. IndiaTech.org has created a five-point framework to regulate the indus

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    India is currently the world’s second-largest telecommunications market. As on March 31, 2023, there were 1.172 billion telephone subscribers in the country.

    Over-the-top (OTT) communication services including Whatsapp, Signal, Zoom, Google Meet and Telegram could be 'over regulated' with the threat of encryption being compromised, said technology policy experts after the Telecom Regulatory Authority of India proposed to regulate such services in its consultation paper released recently.

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