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.
Today's Headline in News Hours
0:00 Intro
00:47# India's EdTech sector experienced a watershed moment during the pandemic.
01:32 India's EdTech industry faces challenges as traditional tuition centers reopen
02:14# EdTech industry faces challenges due to economic uncertainties
02:59 #Delhi Metro introduces mobile app for QR tickets
03:44 #Karnataka High Court fines Twitter for not complying with government's order
04:28 #Byju's faces board member resignations while Akash acquires 20% ownership
05:15 #Google and #Facebook to block news in Canada over new law
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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.
Today's Headline in News Hours
0:00 Intro
00:47# India's EdTech sector experienced a watershed moment during the pandemic.
01:32 India's EdTech industry faces challenges as traditional tuition centers reopen
02:14# EdTech industry faces challenges due to economic uncertainties
02:59 #Delhi Metro introduces mobile app for QR tickets
03:44 #Karnataka High Court fines Twitter for not complying with government's order
04:28 #Byju's faces board member resignations while Akash acquires 20% ownership
05:15 #Google and #Facebook to block news in Canada over new law
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Technology video | 198 views
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
#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
#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 | 208 views
#edtech
EdTech taking centerstage
The Indian edtech industry will achieve a size of $30 billion over the next decade, a 40-fold jump from its current size of $700-800 million. India has the world’s largest population of school-going children – 265 million. That number will rise substantially if higher education is thrown into the mix. With schools and colleges shut because of the coronavirus outbreak, online education companies are stepping in to fill the breach. It’s an opportunity worth billions. Albert Einstein, once said: “In the midst of every crisis, lies great opportunity.” Since then, this has become an often-repeated idiom across management classes, textbooks, corner offices and boardrooms around the world.
When the Covid-19 pandemic led to the world’s most stringent nationwide lockdown in India last year, followed by lesser state-specific and local lockdowns in 2021, created an economic crisis across various industry segments, the online education (edtech) sector sensed the opportunity. With schools and colleges shut and exam schedules gone awry, edtech start-ups found their moment under the sun. Offering services like kindergarten to Class 12 (K-12) coaching modules and online coding classes as well as more niche learning programmes, these start-ups attracted millions of new subscribers and billions of dollars in fresh funding. As the Start-ups get millions of subscribers, billions in funding, Firms like Byju’s, Unacademy and UpGrad have emerged as global leaders in this space. The valuations of the edtech companies soaring by the day, these start-ups could offer investors who enter them now huge upside potential in the years to come.
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Technology video | 188 views
India’s Ministry of Education to modernize its edtech platform with Oracle #shortsvideo
Technology video | 178 views
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YENEPOYA UNIVERSITY LAUNCHES WORK-INTEGRATED CAREER ORIENTED PROGRAMS WITH TEAMLEASE EDTECH
News video | 9303 views
Graphy, an Unacademy Group company, announced that it has acquired Noida-based edtech startup Spayee for $25 million. Following the acquisition, Spayee will continue to operate independently, Graphy said in a statement. Founded in 2014,
Graphy acquires edtech startup Spayee for $25 million
Technology video | 169 views
The last 2 years of lockdown have rapidly accelerated the growth of digital learning, as students worldwide switched to online lessons, homework and exams. The Covid-19 pandemic has set off a golden era for India’s ed-tech startups, which has also brutally exposed the huge digital divide that’s deprived countless millions of access to education. Spending on technology products (including personal computers, smartphones, tablets, wearables) is set to increase in 2022 also. Digital learning has an incredible potential to increase access to education for students of all ages, especially those in more remote areas. When you’re online, it doesn’t matter if you’re a boy or a girl, wealthy or poor, urban or rural: you receive the same quality of teaching, which should promote greater equity. India’s National Education Policy (NEP) 2020, for example, has a range of ambitious goals to expand digital teaching and learning, which, along with the rise of ‘EdTech’ companies, aims to make technology a central part of schools, universities and other institutions. There are especially exciting possibilities for more personalized learning based upon individual needs, including greater vernacular content suited to students from different regions. At the same time, a survey in India says that more than 82 percent of students had forgotten basic mathematics and over 92 percent had lost their core language skills during COVID-19.
Edtech has made education and learning more interactive and accessible with the help of technology. There is growth and opportunity in augmented and virtual (AR/VR) technology and education. And this is primarily for K-12 and universities because it allows for immersive types of digital platforms and classrooms for educators and universities to build communities virtually and digitally. And it helps bridge opportunity gaps or gaps in how their students learn or access opportunities that they would not normally have. So it is expected that it is going t
Technology video | 147 views
As technology continues to advance, so too does the world of education. #EdTech, or educational technology, is changing the education landscape in unprecedented ways, providing students and educators alike with new tools and resources for learning and teaching.
The rapid advancement of technology has allowed for the development of a wide range of tools and platforms that have made teaching and learning more engaging, efficient, and accessible. Edtech is expected to play a vital role in the Indian education system and grow at a compounded annual growth rate of approximately 30% to reach a market size of $10.4 billion by 2025
#Educationaltechnology allows students to access information from various sources. This reduces their reliance on one tutor or instructor for learning a subject. With the help of technology, you can easily access information from all corners of the world. Generally, technology has revolutionized the way educators teach and students learn. EdTech solutions offer similar knowledge as traditional education models but at a lower cost.
Today's Headline in NewsHours
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2:52 #Amazon wants to make online shopping safer with new plan
3:27 #Microsoft drops Twitter from its ad platform
3:58 SRK, Virat Kohli & Rahul Gandhi among celebs who lose their Twitter blue tick
4:32 Supreme Court restricted Lawyers from going on strike
5:02 Zee commences settlement talks with creditors for Sony merger
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