#edtech sector

[namanrohilla]

The Two Sides of EdTech Market: K-12 Dominance vs. Higher Ed's Rise

The education technology or EdTech sector is booming! From revolutionizing K-12 classrooms to providing accessible online learning platforms for higher education, EdTech is transforming how we learn and teach. But with such rapid growth, it's natural to wonder: who are the major players, and what does the EdTech market landscape look like?

Market Share Mania: Breaking Down the EdTech Giants

The EdTech market is a dynamic space with a diverse range of companies vying for market share. While the landscape is fragmented, some established players hold significant sway:

Dominating the K-12 Segment: Companies like Byju's, with its engaging learning apps and personalized approach, have captured a significant portion of the K-12 market share, estimated to be over 40% globally.

Higher Education EdTech on the Rise: Platforms like Coursera and Udacity are carving a niche in the higher education space, offering online courses and credentials from top universities, steadily increasing their market share.

Market Size Matters: EdTech's Global Growth Story

The global EdTech market is projected to reach a staggering USD 696.04 billion by 2028, experiencing a growth rate of over 15% annually. This explosive growth is fueled by several factors:

Rising Demand for Education: As the global population continues to grow, so does the demand for accessible and quality education.

Increased Internet Penetration: With more people connected to the Internet, online learning platforms become more accessible.

Focus on Flexible and Personalized Learning: EdTech solutions cater to diverse learning styles and offer flexibility, appealing to students with busy schedules.

K-12 vs. Higher Education EdTech: A Tale of Two Segments

The EdTech market can be broadly categorized into two major segments:

K-12 EdTech Market: This segment, currently leading the market, focuses on providing engaging and technology-integrated learning tools for elementary and secondary school students. Its market size is estimated to be substantial, exceeding 40% of the global EdTech market share.

Higher Education EdTech Market: This segment is experiencing rapid growth as universities and colleges embrace online learning platforms to expand reach and enhance student experiences. Its market share is steadily increasing, driven by the demand for flexible learning options and specialized courses.

Beyond the Big Names: The EdTech Ecosystem

The EdTech sector is not just about established giants. A vibrant ecosystem of innovative startups is emerging, offering niche solutions and catering to specific learning needs. These startups play a crucial role in driving innovation and ensuring the EdTech market remains dynamic and responsive to evolving educational needs.

The Future of EdTech: Collaboration is Key

As the market continues to evolve, collaboration between various stakeholders is key to ensuring its success. Partnerships between EdTech companies, educational institutions, and policymakers can:

Ensure Quality and Consistency: Collaborative efforts can help maintain high-quality educational standards across EdTech platforms.

Bridge the Digital Divide: By working together, stakeholders can address issues of unequal access to technology and ensure EdTech solutions reach underserved communities.

Develop the EdTech Workforce: Collaboration can foster the development of a skilled workforce capable of effectively integrating technology into educational settings.

Conclusion

The EdTech sector is brimming with potential, offering exciting possibilities for the future of education. By understanding the key players, market trends, and challenges, we can ensure that EdTech continues to empower educators, personalize learning experiences, and democratize access to quality education for all.

FAQs

Q1.  Who are the major players in the K-12 and Higher EdTech segments?

K-12: The segment is dominated by companies like Byju's with engaging learning apps and personalized learning approaches.

Higher Ed: Platforms like Coursera and Udacity are carving a niche by offering online courses and credentials from top universities.

Q2.  What is driving the explosive growth of the EdTech market?

Rising global population and increasing demand for quality education.

Increased internet penetration making online learning platforms more accessible.

Growing focus on offering flexible and personalized learning experiences.

Q3.  What is the current market share breakdown between K-12 and Higher EdTech?

K-12 EdTech currently holds the larger market share, exceeding 40% globally.

Higher EdTech is experiencing rapid growth due to the demand for flexible learning options and specialized courses.

Q4.  Beyond the big companies, who else makes up the EdTech ecosystem?

A vibrant ecosystem of innovative startups is emerging, offering niche solutions and catering to specific learning needs. These startups drive innovation and keep the market responsive to evolving needs.

Q5.  How can collaboration between stakeholders ensure the success of the EdTech market?

Collaboration can ensure quality and consistency across EdTech platforms.

Working together can bridge the digital divide and ensure EdTech reaches underserved communities.

Collaboration can foster the development of a skilled workforce to integrate technology effectively into education.

#market share of edtech companies in india #edtech market size india #higher education edtech market size #edtech sector #global edtech market #k-12 edtech market size

[esglatestmarketnews]

Edtech Companies Are Responding To Climate Change To Invest In An Environmentally Sustainable Future

Edtech industry or Education Technology Industry players are gearing up to plan, report and monitor their ESG performance amidst an exponential rise in digitization. Notably, the prevalence of online learning against the backdrop of the COVID-19 pandemic prompted industry leaders to achieve ESG goals. AI-based learning tools forayed into the mainstream education landscape, encouraging investors, venture capitalists and other stakeholders to prioritize ESG goals. Lately, education technology has witnessed skyrocketing demand across advanced and emerging economies. A host of global organizations expects their vendors to adopt ESG goals, while stakeholders are demanding that startups define and focus on ESG strategy.

Investors are bullish on the prospect of edtech providing an immersive learning experience to K-12 students (kindergarten to 12th grade). High-profile and emerging players continue investing in tech and tools that boost online and digital learning. A slew of private equity funds has ESG-themed funds, alluding to stakeholders growing interest in society and the environment. For instance, in March 2022, Cakap, an Indonesian online language learning platform, secured fresh funding from IIF (Indonesia Impact Fund). The infusion of funds is reported to be the first ESG-compliant private impact fund under the aegis of Mandiri Capital Indonesia. Buoyant investments will propel access to high-quality education, especially in lower-tier cities, and play a pivotal role in bridging the language proficiency gap. 

Key Companies in this theme

    • Fujitsu Limited

    • Adobe Inc.

    • Alphabet Inc.

    • Microsoft Corporation

    • Cisco Systems

    • Samsung Electronics

    • Pearson PLC

Environmental Perspective

Edtech companies are responding to climate change to invest in an environmentally sustainable future. Digital learning companies have furthered their efforts to propel UN Sustainable Development Goals and take a giant stride toward decarbonization. Stakeholders are expected to be on the same page on global net zero emissions and use technology and operations to foster the change the world needs. Microsoft aims to reduce its Scope 1 and 2 emissions to near zero by 2025 and is contemplating removing more carbon than it emits by 2030. Moreover, in July 2021, it also rolled out the Microsoft Cloud for Sustainability to render automated, integrated and comprehensive sustainability management. 

Stakeholders are likely to take a robust approach to reporting and recording emissions with automation and data collation. Industry players could use a secure cloud to tackle e-waste across schools with startups investing in the advanced technology. In December 2020, Karo Sambhav used Microsoft Azure, engaged with over 22,700 schools, and collated around 12,000 metric tons of e-waste for responsible recycling in India. Furthermore, Microsoft also emphasized bridging the skill gap in data center communities through investment in technical training programs at vocational schools, community colleges and other educational institutions. 

Social Perspective

Edtech companies are promoting the values of gender equality, inclusion and a safe work environment. Companies are likely to complement UN Sustainable Development Goals with an emphasis on quality education and boosting workers’ health and safety. Several edtech companies have sought state-of-the-art technology to bolster inclusion, diversity and access. For instance, in September 2021, SP2 Mentor Collective suggested that it connects students, targeting first-generation learners, including those of color, students from low-income backgrounds and other underrepresented students. 

Stakeholders have added fillip to their ESG goals by investing in new-age skills and focusing on talent mobility. Companies are gearing up to upskill talent pools to keep up with global digital transformation. Cisco is expediting the way it develops, attracts and promotes diverse talent. It has joined forces with OneTen Initiative, that is gearing to hire, upskill, and promote one million African American/Black (AA/B) Americans over the next ten years. It witnessed a 60% surge in the representation of all employees who identified themselves as AA/B from entry level through the manager.

State-of-the-art technologies, including ML and AI, have witnessed an uptake. To illustrate, as of June 2022, Coursera reported around a 50% surge in the number of business learners in India. The trends have prompted technology-oriented startups to inject funds into advanced solutions and services to help bolster the digital skills of their employees. In August 2021, Caisse de dépôt et placement du Québec (CDPQ) announced an infusion of funds into ApplyBoard through Equity 253 fund—a diversity-dedicated fund—aimed at companies leveraging diversity and inclusion initiatives and promoting them as business priorities. 

Is your business one of participants of the Global EdTech Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance Perspective 

As sustainability becomes mainstream, governance and accountability have become instrumental for prioritization and alignment across the industry. Microsoft has formed a Climate Council with business leaders from every business group to foster alignment, offer sustainability advice, review progress on commitment, prioritize resources and funding and collaborate. Its Board of Directors offers feedback, insights, and oversight across environmental and social aspects.

With companies targeting pre-K to 12, post-secondary and workforce education portfolios, stakeholders have prioritized governance structure to foster their ESG profile. For instance, Cisco asserted in its Purpose Report that audits covered 390,000 supply chain workers during fiscal 2022. Cisco’s compliance and ethics organization reports all allegations and cases of ethical violations to the Audit Committee of the BoD and the Compliance Steering Committee. 

Poor ESG practices may be detrimental to environmental, reputational and legal risks that can dent an organization’s prospect on the bottom line. Companies with strong ESG performance could stay ahead of the curve with a lower cost of capital, a loyal investor base and better access to financing. According to the U.S. financial services company Morningstar, ESG investment strategies surpassed USD 1 trillion in 2020, largely fueled by sustainable investment funds amidst the COVID-19 pandemic.

In December 2022, Skillsoft’s corporate social responsibility report found that diversity, equity, and inclusion (DEI), participation in fair trade, and enhancing labor policies were top priorities in the CSR program. The research noted that 46% said ESG efforts were replacing CSR efforts. Prevailing trends suggest the global edtech market could register a 16.5% CAGR from 2022 through 2030. The growth trajectory is expected to gain ground as companies focus on creating long-term value by creating ESG strategies. 

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

#EdTech Industry ESG Study #EdTech Industry ESG #EdTech industry #EdTech Market #EdTech sector #EdTech space #EdTech companies

[queenlua]

"chief academic officer" lmao

#edtech is so silly #(i say with fondness. #had a lot of fun in that sector for a while. #but turns out it is uh. much. sillier. than i thought. going in)

[edubangmedia]

Ditch the Brochure: Engaging Schools with a Vibrant Online Presence

This digital buzz will attract awesome students and keep your school at the top of the online game!

#school #coaching #college #coaching center #coaching classes #educational institutions #education marketing agency #education sector #university #academy #educators #education #digital marketing #marketing for education #edtech #elearning #tuition classes #tuition

[elaneducationloans]

Unlock success in the education franchise industry with these 4 essential tips, tailored for those considering ventures in the edtech sector, aiming for the most profitable opportunities in India.

#education sector franchise #edtech franchise #most profitable franchise in India

[avisionadmin]

https://avision.co.in/advantage-and-disadvantage-of-franchise-business-in-india

Advantage and Disadvantage of Franchise Business in India

Here we discuss some of the advantage and disadvantage of franchise business in India. Join with Avision family for the best return on a small investment

#best education franchise in india #best edtech franchise in india #franchise for education sector

[mariacallous]

In the early weeks of 2023, as worry about ChatGPT and other artificial intelligence tools was ratcheting up dramatically in the public conversation, a tweet passed through the many interlocking corners of Book Twitter. “Imagine if every Book is converted into an Animated Book and made 10x more engaging,” it read. “AI will do this. Huge opportunity here to disrupt Kindle and Audible.”

The tweet’s author, Gaurav Munjal, cofounded Unacademy, which bills itself as “India’s largest learning platform”—and within the edtech context, where digitally animated books can be effective teaching tools, his suggestion might read a certain way. But to a broader audience, the sweeping proclamation that AI will make “every” book “10x more engaging” seemed absurd, a solution in search of a problem, and one predicated on the idea that people who choose to read narrative prose (instead of, say, watching a film or playing a game) were somehow bored or not engaged with their unanimated tomes. As those who shared the tweet observed, it seems like a lot of book industry “disruptors” just don’t like reading.

Munjal is one of many tech entrepreneurs to ping the book world’s radar—and raise its collective hackles—in recent months. Many were hawking AI “solutions” they promised would transform the act of writing, the most derided among them Sudowrite’s Story Engine (dubbed in a relatively ambivalent review by The Verge’s Adi Robertson as “the AI novel-writing tool everyone hates”). Story Engine raised frustrations by treating writers as an afterthought and, by its very existence, suggesting that the problems it was trying to bypass weren’t integral to the act of writing itself.

Last month, Justine Moore, a partner at Andreessen Horowitz, provided a sort of bookend to Munjal’s “AI-animated books” proposal. “The three largest fanfic sites—[Archive of Our Own], Fanfiction.net, and Wattpad—get 3 billion-plus annual visits in the US alone,” she wrote. “Imagine how much bigger this market could be if you could chat with characters vs. reading static stories?” The thread was likely a reference to Character.ai, a startup that lets users chat with fictional heroes and villains; Andreessen Horowitz led a $150 million funding round for the company in March. The comment also came after the revelation that large language models (LLMs) may have scraped fanfiction writers’ work—which is largely written and shared for free—causing an (understandable) uproar in many fan communities.

Setting aside the fact that fandom role-playing has been a popular practice for decades, Moore’s statements felt like a distillation of tech’s tortured relationship with narrative prose. There are many kinds of fanfiction—including an entire subgenre in which “you” are a character in the story. But those are still stories, sentences deliberately written and arranged in a way that lets you lose yourself in an authored narrative. “Imagine having such a fundamental misunderstanding of the appeal of reading fanfiction—let alone reading fiction more broadly,” I wrote in response to her thread. What’s so wrong with people enjoying reading plain old words on a page?

The tech world has long been convinced that it understands the desires of readers better than they do themselves. For years, VCs have promised to upend books and the structures around their creation and consumption. Some came from within the publishing industry, but like their counterparts “disrupting” other sectors, including film and TV, many more did not. And for the most part, despite tech’s sometimes drastic (and often negative) effects on other industries, book- and reading-related startups failed to alter much at all. People are still buying books—in fact, they’re buying more than ever. Pandemic lockdowns brought a perhaps unsurprising boom in sales, and even though numbers slipped as restrictions lifted, print sales were still nearly 12 percent higher in 2022 than they were in 2019, and sales of audio books continue to increase dramatically year over year.

One reason books haven’t been particularly disruptable might be that many of the people looking to “fix” things couldn’t actually articulate what was broken—whether through their failure to see the real problems facing the industry (namely, Amazon’s stranglehold), or their insistence that books are not particularly enjoyable as a medium. “It’s that arrogance, to come into a community you know nothing about, that you might have studied as you study for an MBA, and think that you can revolutionize anything,” says writer and longtime book-industry observer Maris Kreizman. “There were so many false problems that tech guys created that we didn’t actually have.”

Take, for example, the long string of pitches for a “Netflix for books”—ideas that retrofitted Netflix’s original DVDs-by-mail model for a different medium under the presumption that readers would pay to borrow books when the public library was right there. Publisher’s Weekly keeps a database of book startups that now numbers more than 1,300; many of them are marked “Closed,” alongside a graveyard of broken URLs. There were plenty of practical ideas—targeting specific demographics or genres or pegged to more technical aspects, like metadata or production workflows. But many more proposed ways to alter books themselves—most of which made zero sense to people who actually enjoy reading.

“I don’t think they’re coming to that with a love of fiction or an understanding of why people read fiction,” Kreizman says. “If they were, they wouldn’t make these suggestions that nobody wants.”

The “10x more engaging” crowd has come in waves over the past two decades, washed ashore via broader tech trends, like social media, tablets, virtual reality, NFTs, and AI. These tech enthusiasts promised a vast, untapped market full of people just waiting for technology to make books more “fun” and delivered pronouncements with a grifting sort of energy that urged you to seize on the newest trend while it was hot—even as everyone could see that previous hyped ventures had not, in fact, utterly transformed the way people read. Interactive books could have sound effects or music that hits at certain story beats. NFTs could let readers “own” a character. AI could allow readers to endlessly generate their own books, or to eschew—to borrow one particular framing—“static stories” entirely and put themselves directly into a fictional world.

AI isn’t remotely a new player in the book world. Electronic literature artists and scholars have worked with various forms of virtual and artificial intelligence for decades, and National Novel Generation Month, a collaborative challenge modeled after NaNoWriMo, has been around since 2013. Even now, as much of the book world loudly rejects AI-powered writing tools, some authors are still experimenting, with a wide range of results. But these bespoke, usually one-off projects are a far cry from the tech industry’s proposals to revolutionize reading at scale—not least because the projects were never intended to replace traditional books.

“A lot of interactive storytelling has gone on for a very long time,” says Jeremy Douglass, an assistant professor of English at the University of California, Santa Barbara, citing everything from his early career work on hypertext fiction to the class he’ll teach next year on the long history of the pop-up book to centuries-old marginalia like the footnote and the concordance. “These fields are almost always very old, they’re almost always talked about as if they’re brand-new, and there haven’t really been a lot of moments of inventing a new modality.”

To VC claims that AI will totally alter books, Douglass takes what he calls a “yes, and” stance. “What people are actually doing is creating a new medium. They’re not actually replacing the novel; they created a new thing that was like the novel but different, and the old forms carried on. I’m still listening to the radio, despite the film and game industries’ efforts.”

Tech entrepreneurs rarely pitch “yes, and” ideas. In their view, new technologies will improve on—and eventually supplant—what exists now. For all of his interest in the many forms of interactive fiction, Douglass doubts that most books would benefit from an AI treatment.

“There are extremely pleasurable aesthetic systems that aren’t intentional,” he says. “But how often when I’m reading The Autobiography of Malcolm X or The Joy of Cooking do I think, ‘If only a chatbot could augment this on the fly’? And it’s partly the fact that some communication is deeply intentional, and that’s part of the pleasure. It’s handcrafted, it’s specific, there’s a vision.”

That isn’t to say that Douglass thinks there’s zero appetite for AI in literature—but it’s “probably a very small slice of the pie. So when you say ‘all books’? Almost certainly not. For the same reason that we’re not reading 100 percent pop-up books, or watching all of our books on YouTube, or anything else you can imagine. People are doing that too, but it’s extra.”

The exact size of that small pie slice remains to be seen, as does the general public’s appetite for instant novels, or chatting with characters, or hitting a button that will animate any book in your digital library. But those desires will likely need to come from readers themselves—not from the top down. ��If you just give the tools to everybody, which is happening in spite of venture capital, as well as because of it, people will figure out what they want it for—and it’s usually not what the inventors and the investors think,” Douglass says. “It’s not even in their top-10 list of guesses, most of the time. It’s incredibly specific to the person and genre.”

The recent history of publishing has plenty of examples in which digital tools let people create things we couldn’t have predicted in the analog days: the massive range of extremely niche self-published romance, for example, or the structural variation and formal innovation within the almost entirely online world of fanfiction.

But when the tech industry approaches readers with ways to “fix” what isn’t broken, their proposals will always ring hollow—and right now, plain old reading still works for huge numbers of people, many of whom pick up books because they want to escape and not be the main character for a while. “That’s a good thing,” Kreizman says. And as AI true believers sweep through with promises that this technology will change everything, it helps to remember just how many disruptors have come and gone. “In the meantime, tech bros will still find VCs to wine and dine and spend more money on bullshit,” Kreizman predicts. But for the rest of us? We’ll just keep on reading.

[bizzopp2024]

How are startups disrupting traditional industries?

Startups are often at the forefront of disrupting traditional industries by introducing innovative technologies, business models, and approaches. Here are several ways in which startups are causing disruption:

1. Technology Integration

   - Startups leverage emerging technologies such as artificial intelligence, blockchain, and the Internet of Things to create more efficient and streamlined processes in industries like finance, healthcare, and manufacturing.

2. E-Commerce and Direct-to-Consumer Models

   - E-commerce startups have revolutionized retail by providing direct-to-consumer sales channels, cutting out intermediaries and reducing costs. Companies like Amazon and Alibaba have transformed the way people shop.

3. Sharing Economy

   - Startups in the sharing economy, like Uber and Airbnb, have disrupted transportation and hospitality industries by connecting service providers directly with consumers through online platforms.

4. Fintech Innovation

   - Fintech startups have transformed the financial services sector by introducing digital payments, robo-advisors, crowdfunding platforms, and blockchain-based solutions, challenging traditional banking models.

5. HealthTech Advancements

   - Health technology startups are disrupting healthcare by introducing telemedicine, personalized medicine, wearable devices, and digital health platforms, making healthcare more accessible and efficient.

6. Renewable Energy and CleanTech

   - Startups in the clean energy sector are disrupting traditional energy industries by developing innovative solutions for renewable energy, energy storage, and sustainable practices.

7. EdTech Revolution

   - Education technology startups are changing the way people learn by offering online courses, interactive platforms, and personalized learning experiences, challenging traditional educational institutions.

8. AgTech and FoodTech

   - Agricultural technology startups are improving efficiency and sustainability in farming, while food technology startups are introducing alternative proteins, lab-grown meat, and sustainable food production methods.

9. InsurTech Transformation

   - InsurTech startups are leveraging technology to streamline and personalize insurance processes, making insurance more accessible, affordable, and customer-centric.

10. Space Exploration and Aerospace Innovation

    - Startups in the space industry are disrupting aerospace by developing cost-effective satellite technologies, commercial space travel, and new approaches to space exploration.

11. Smart Manufacturing

    - Startups in the manufacturing sector are implementing Industry 4.0 technologies, such as automation, IoT, and data analytics, to create more agile and efficient production processes.

12. Telecommunications Disruption

    - Telecom startups are challenging traditional telecommunications companies by providing innovative solutions for connectivity, communication, and data transfer.

These examples showcase how startups are challenging the status quo across various industries, prompting established companies to adapt, innovate, or risk becoming obsolete. The agility, creativity, and willingness to take risks inherent in many startups enable them to drive significant changes in traditional business landscapes.

#startup #entrepreneur #marketing #delhi #expo #startup funding #accounting #business expo #startup company

[veative]

5 Benefits of using Virtual Reality in Education Driving Future of EdTech

So, you want to know how virtual reality is driving the future of EdTech? Well, you're in the right place. Virtual reality is an exciting technology that is revolutionizing the way we learn and interact with the world around us. It combines computer-generated images and sounds to create an immersive experience that can transport you to another world—or even another time.

Edtech, on the other hand, is a broad term that encompasses any technology that is used to enhance learning. From online courses to educational apps, Edtech is changing the way we think about education. In this blog, we're going to explore the benefits of using virtual reality in education. We'll also look at some examples of virtual reality in action and discuss the future of EdTech. So buckle up and get ready to explore the exciting world of virtual reality and EdTech!

What is Virtual Reality and Edtech?

Virtual reality and edtech are two buzzwords that have been making the rounds in the education industry lately. But what exactly are they, and how are they related?

Virtual reality (VR) is a technology that creates a digital environment that simulates physical reality. In education, this means students can explore different worlds and experiences in a safe, controlled, and engaging way. On the other hand, edtech is an umbrella term that refers to the use of technology to enhance teaching and learning. This can include everything from online classes and digital textbooks to educational apps, games, and simulations.

When you combine VR and edtech, you get a powerful tool that has a lot of potential to transform education. Imagine being able to teleport your students to different countries, eras, or even inside the human body. With VR, the possibilities are endless.

However, there are also some challenges that come with implementing VR in education. One of the biggest is the cost of the technology and the training required to use it effectively. Another challenge is ensuring that the content is aligned with the curriculum and that the learning objectives are clear.

Despite these challenges, there is no denying the potential of VR in education. As technology continues to improve and more resources become available, we can expect to see even more innovative ways of using VR and edtech to enhance teaching and learning.

5 Benefits of Using Virtual Reality in Education

Virtual reality (VR) has become a hot trend in the education sector these days. With technological advancements, educators have found numerous ways to incorporate VR into teaching and learning. VR is appealing to both students and teachers, making it an effective tool for education. In this blog, we will discuss the benefits of using virtual reality in education.

Firstly, VR increases student engagement and retention. Children tend to learn more effectively if they are entertained and involved. VR provides an immersive learning experience, capturing the students’ attention and allowing them to learn in unique ways. Such a learning method creates long-lasting impressions in the minds of the pupils. 

Secondly, VR enhances experiential learning. Students can experience a wide array of learning scenarios that may not be possible in real life. Thus, irrespective of the subject or field, VR allows learners to apply their knowledge and develop new skills in a risk-free environment. The benefits of experiential learning include active participation, better retention, and practical application of knowledge.

Thirdly, VR encourages collaboration and teamwork. Students can work together in a virtual environment just as they would in a real setting. They can exchange ideas, solve problems together, and work on group projects. By doing so, they can learn to value teamwork and develop essential communication, leadership, and problem-solving skills.

Fourthly, VR provides customized learning experiences. Different students have unique learning styles and assimilate knowledge differently. With VR, an educator can design a personalized learning experience to suit each individual's needs. This allows learners to learn optimally and at their own pace, taking into account their challenges, preferences, and strengths.

Lastly, VR offers cost-effective solutions. Traditional methods of learning may be expensive, time-consuming, and, at times, risky. Compared to the heavy investments that may be needed for physical classrooms, VR can provide similar results at a more affordable cost. Also, it offers flexibility, and learners can access learning material anywhere and anytime.

These benefits make VR an attractive tool for modern-day teaching and learning methods. As AR and VR tech continue to evolve, VR will only become more critical to the education industry, creating better outcomes for learners and educators globally.

Examples of Virtual Reality in Education

Virtual reality (VR) has transformed education by providing immersive learning experiences beyond the boundaries of physical classrooms. The VR applications benefit students by enhancing their experiential learning, increasing engagement and retention, and encouraging collaboration and teamwork in real-time.

As such, edtech developers are investing more time and resources into meeting the demand for VR. The future of edtech and VR is likely to see increased demand, personalized learning experiences, and education beyond traditional classroom settings.

Future of Edtech and Virtual Reality

As technology continues to evolve and transform various industries, the future of edtech and virtual reality seems promising. The increased demand and investment in this sector is a testament to the potential benefits that virtual reality can bring to education. 

One of the most exciting prospects of edtech and virtual reality is personalized learning, where students can tailor their educational experiences to their individual needs and preferences. This could revolutionize the way we approach education, making it more engaging and effective. 

Furthermore, virtual reality offers endless opportunities for exploration beyond traditional learning settings. Students can explore historical landmarks, visit other countries, and even travel to outer space, all without leaving their classroom. This opens up a whole new world of learning and discovery that was once unimaginable.

Overall, the future of edtech and virtual reality in education is exciting, and the potential for innovation and growth is vast.

Conclusion

In a world where technology is rapidly evolving, virtual reality (VR) plays a vital role in shaping the future of education. By providing engaging and immersive experiences, VR technology has completely transformed the way educators teach and students learn. Some of the benefits of using VR in education include increases in student engagement and retention, enhanced experiential learning, encouraging teamwork, customized learning experiences, and cost-effective solutions. With VR becoming increasingly popular in education, it's essential for students, teachers, and institutions to embrace this technology to drive the future of EdTech.

#virtual reality #Virtual reality in Education #edtech #technology

[sameer3004]

🅰🅲🅲🅴🅻🅴🆁🅰🆃🅸🅽🅶 🅸🅽🆅🅴🆂🆃🅼🅴🅽🆃 🅸🅽 🅴🅳🆃🅴🅲🅷

Accelerating investment in edtech refers to the increased allocation of financial resources towards educational technology (edtech) companies and initiatives. Edtech refers to the use of technology, such as software, digital platforms, and hardware, to enhance teaching and learning experiences. Accelerating investment in edtech is driven by the belief that technology has the potential to transform education and improve educational outcomes for students.

Here are some reasons why there has been a surge in investment in edtech:

1. Advancements in technology: The rapid development and widespread availability of technology have opened up new possibilities for education. With the increasing accessibility of devices like smartphones, tablets, and computers, there is a growing demand for innovative educational solutions that leverage these tools. Investors recognize the potential of edtech to revolutionize teaching and learning methodologies.

2. Personalized learning: Edtech offers the opportunity for personalized and adaptive learning experiences. With the use of intelligent algorithms, data analytics, and machine learning, educational platforms can tailor content and instruction to individual student needs, pace, and learning styles. This personalization can lead to improved engagement, retention, and academic performance.

3. Remote and online learning: The COVID-19 pandemic has accelerated the need for remote and online learning solutions. Edtech platforms have played a crucial role in facilitating virtual classrooms, online assessments, and collaborative learning environments. The increased demand for remote learning has fueled investment in edtech to develop and enhance digital tools and platforms to support effective distance education.

4. Skill development for the future: As societies evolve, there is a growing emphasis on developing skills relevant to the digital age and the future of work. Edtech solutions can provide training and resources in areas such as coding, artificial intelligence, data analysis, and other STEM subjects. Investors recognize the potential of edtech in equipping students with the skills required for success in the 21st century.

5. Market potential and scalability: The education sector represents a significant market opportunity for investors. The global education market is vast, and edtech has the potential to disrupt traditional educational models. Investors see the scalability and potential for growth in edtech companies and are keen to capitalize on this expanding market.

It is important to note that while edtech holds promise, there are also challenges to consider. Implementation issues, equity concerns, data privacy, and the need for effective teacher training are some of the factors that need to be addressed for successful integration of edtech in education.

@roydin-talentserve

[shubhangiok]

Accelerating investment in edtech refers to the increased allocation of financial resources towards educational technology (edtech) companies and initiatives. Edtech refers to the use of technology, such as software, digital platforms, and hardware, to enhance teaching and learning experiences. Accelerating investment in edtech is driven by the belief that technology has the potential to transform education and improve educational outcomes for students.

Here are some reasons why there has been a surge in investment in edtech:

1. Advancements in technology: The rapid development and widespread availability of technology have opened up new possibilities for education. With the increasing accessibility of devices like smartphones, tablets, and computers, there is a growing demand for innovative educational solutions that leverage these tools. Investors recognize the potential of edtech to revolutionize teaching and learning methodologies.

2. Personalized learning: Edtech offers the opportunity for personalized and adaptive learning experiences. With the use of intelligent algorithms, data analytics, and machine learning, educational platforms can tailor content and instruction to individual student needs, pace, and learning styles. This personalization can lead to improved engagement, retention, and academic performance.

3. Remote and online learning: The COVID-19 pandemic has accelerated the need for remote and online learning solutions. Edtech platforms have played a crucial role in facilitating virtual classrooms, online assessments, and collaborative learning environments. The increased demand for remote learning has fueled investment in edtech to develop and enhance digital tools and platforms to support effective distance education.

4. Skill development for the future: As societies evolve, there is a growing emphasis on developing skills relevant to the digital age and the future of work. Edtech solutions can provide training and resources in areas such as coding, artificial intelligence, data analysis, and other STEM subjects. Investors recognize the potential of edtech in equipping students with the skills required for success in the 21st century.

5. Market potential and scalability: The education sector represents a significant market opportunity for investors. The global education market is vast, and edtech has the potential to disrupt traditional educational models. Investors see the scalability and potential for growth in edtech companies and are keen to capitalize on this expanding market.

It is important to note that while edtech holds promise, there are also challenges to consider. Implementation issues, equity concerns, data privacy, and the need for effective teacher training are some of the factors that need to be addressed for successful integration of edtech in education. However, with the accelerating investment in edtech, there is an increased focus on addressing these challenges and realizing the potential benefits that technology can bring to education.

#tech #business

[shauryagupta601]

Embrace a new era of EdTech learning with Futurus Inc., where we go beyond traditional e-learning models. Our extensive selection of certified online courses, including Corporate Excel,  Financial Analysis, IELTS preparation and also IT sector courses, is tailored to meet the educational and growth requirements of individuals from all walks of life, preparing them for valuable internships. Step forward with Futurus Inc. and unlock your full potential in a world of endless opportunities.

#online courses #internship programme #finance

[60b3r]

Catching up with life.

It's been over five years since I graduated from university, and here I am, once again, applying for jobs like a robot. I have sent over 4 to 5 job applications per week, tweaked my CV individually once a month, and hand-crafted my cover letter uniquely for each jobs I applied to. To top it off, I have been doing this for 2 years combined. Assuming that is not an overstatement, I have been sending over 300 job applications to different schools, universities, and even across other industries. With this overkill—yet seems to useless—Masters degree, it does not serve as a selling point, since it is being considered inconsistent with the common practice prevalently found in Indonesian universities, that one's Masters degree should be linear in order to work in academia as a lecturer. I even had to consider dropping my Graduate degree and went with my Bachelors degree to apply for jobs. People kept saying that biotech is the future, that the sciences are dawning all over, technology grows at light-speed, but all I experience is frustration and anguish. People kept telling that I am overqualified, that there's no way I am always between jobs with such emotive motivation and carefully curated skills and my beautifully AI-tweaked resume. I’m seriously starting to consider giving up this life and trekking into the wild to make my new life, Randall Clark-style. Here I want to reflect back on my past few years' endeavor and remind myself that job-seeking is such a dehumanizing process and something must be done to fix this. But before that, a quick background on my life so far. Consider this as a short, catching-up telltale.

Right after graduating in 2018, I was so motivated to fix the education system. I applied to teaching jobs and got myself a first formal job teaching Biology and caring for a dormant Science Club back in my alma mater. Why not apply for the industry sector, you ask? There's not enough room for Biotech graduates in Indonesia, and despite what people say about the unique nature of the niche, most of the positions can either be filled with Chemical Engineering graduates, or just General Biology graduates. There's not enough value created by pursuing Biotech degree, apart from continuing in academia as a researcher. After one year, I didn't renew my contract and decided to pursue for higher education, which I thought it was necessary to create a bigger impact. I thought back then, "Here I am, teaching young generation Biology and the art of life, some of them might be doctors or environmental engineers, yes, but majority of them won't even need these stuff." I said that to myself, exactly like I was thinking back then when I was their age and learning mathematics. it was 2019 when I decided to pursue MSc/PhD Biotechnology abroad, to allow myself to engage with wider masses upon completion. This time, high-schoolers, next up, college students, or so I thought. But life is a bitch, and then we all gonna die anyway.

Luckily at that time, right after my resignation was granted, I got myself three Letters of Admission: from two different universities in The Netherlands and one from Sweden. I'd then applied for several scholarships program, one of them being the notorious LPDP. The task of simply qualifying for the first round of paperwork selection was very tedious and stressful. It was my first time dealing with a plethora of documents to prepare, and I could say the tears and blood was even worse than the process of getting an LoA from the three campuses. After two more selection stages, long story short, I didn't qualify after the interview process, and I plunged myself in depression. A month later, I collected myself to start over, and this time, applied for jobs in the edtech startups. My thoughts were somehow I could work for a while, save enough money while still creating impact, and fund my Masters off my own deposits. Well again, fortunately I told myself at that time, some unicorn companies contacted me, and somewhat early that year, precisely February 2020, I was called into one of the big edtech company to attend an interview. I scrambled to book a ticket and a homestay for 2 days and... Oh boy. Three days before my departure, Jakarta shut down the borders and Covid ruined my lifelong dream of studying abroad. Interview cancelled, plane ticket burnt, and that hotel bed never touched my back. No job, no credit, eat shit. All 2020 I cried myself to sleep.

The anxiety caused by the uncertainties was so dreadful, I fantasized going for a program—the one in the Netherlands—anyway. Talk about coping using unrealistic expectation. So I emailed the admissions office and requested to postpone my first semester to October 2020 or March 2021 (they granted the former but refused the latter). I even paid for the dorm room in the Netherlands, when I was very certain that this was just another viral outbreak that's gonna resolve on its own after several months (that was also a false hope). Then, my family business took a major hit due to lockdowns imposed by the local government, and everyone went nuts. All plans go bust, and out of nowhere, suddenly, all homeschool students I have been teaching stopped responding to my calls. All types of businesses from across all sectors took a hit. Purchasing power bottomed out. Monetary circulation grounded to a halt. In the midst of all this blazing hellfire that is a financial crisis, it was in the middle of 2020 when I applied for student loan to get myself into a campus in Jogja. I thought "Well, it can't be that bad, right, I can still go to Jogja and pursue another Masters here, domestically, without going abroad and waste lots of money." So did everybody else thought, when we all first had our online classes in October 2020. But fast forward to early 2022, It's like everyone skipped two years of their life, staring at the screen for several hours drying out eyeballs and get nothing from classes other than just one or two classes that are actually elective subjects, not among the core courses.

I greeted 2021 with much hope, a hope that someday I will be able to meet my classmates and hunt for Jogja food later in the day after classes. I would have scoured through the libraries of the renown, and I would have also joined several student councils during my studies. But no. Not even once we got a call from campus saying our classes would go from distanced learning to on-site learning. I spent 2021 lurking around Malang trying to find a closure, visiting many natural places where I used to enjoy, gulping so many unhealthy foods down my throat to ease the numbing pain, even engaged in some risky behavior of ████████████. The year ended with more student debt, an unfinished thesis proposal, a broken heart, and still, no single job interview landed. Yes, I even went through Masters fully online (including all of the phases of research). I spent all 2021 mourning the hundreds if not thousands of what-ifs while drafting my thesis proposal. A small ember light up in the darkness, I got myself a job replacing a science teacher in Surabaya during her maternity leave. I got the contract extended just before I finished my thesis defense, and I am stuck in Surabaya for another year of inconsecutive work experience. Not even a single time I ever stepped my soles on campus grounds in Jogja during my enrollment there. The only chance I got to be closer than ever to my supposed campus building is during my awards ceremony where I returned my graduation robes.

I got paid three times the amount I got when I was working in my alma mater. I got myself a small room not too far away, and after selling my family's car, I even got a small discount since I am not using the provided parking space anymore. Plus, after over half a year, I can save more than I could usually save because there are no more gas-hungry beast that is my 1.5L turbocharged CVT Medium SUV. The school itself was decent, I got mediocre lunch everyday and to be honest there are less paperwork than the previous jobs I had been working on, but oooh the lab equipment and the learning materials are very lacking. I requested for some upgrades here and there, and they didn't even bat an eye. I have to struggle and come up with weird hyper-crearive plans to deliver the lesson, which by the way are not just biology, but also physics, chemistry, and geography. I enjoyed most of my time teaching, but considering a majority of students would leave the school and continue somewhere else, the school management decided to cut over half of the staff earlier this year. By the time of writing, I still need to finish my contract, though. Fortunately, I got some leeway since there are less classes to teach now after Cambridge exams has passed. This is where the fun begins. Not another job hunting. So, wish me luck friends.

#job #work #antiwork #school #life #adulting #education #depression #coping #stress

[edubangmedia]

Latest strategy for coaches to attract audience

#school #coaching #college #coaching center #coaching classes #educational institutions #education marketing agency #education sector #university #academy #educators #education #digital marketing #marketing for education #edtech #elearning #tuition classes #tuition

[kamreadsandrecs]

By Elizabeth Minkel

In the early weeks of 2023, as worry about ChatGPT and other artificial intelligence tools was ratcheting up dramatically in the public conversation, a tweet passed through the many interlocking corners of Book Twitter. “Imagine if every Book is converted into an Animated Book and made 10x more engaging,” it read. “AI will do this. Huge opportunity here to disrupt Kindle and Audible.”

The tweet’s author, Gaurav Munjal, cofounded Unacademy, which bills itself as “India’s largest learning platform”—and within the edtech context, where digitally animated books can be effective teaching tools, his suggestion might read a certain way. But to a broader audience, the sweeping proclamation that AI will make “every” book “10x more engaging” seemed absurd, a solution in search of a problem, and one predicated on the idea that people who choose to read narrative prose (instead of, say, watching a film or playing a game) were somehow bored or not engaged with their unanimated tomes. As those who shared the tweet observed, it seems like a lot of book industry “disruptors” just don’t like reading.

Munjal is one of many tech entrepreneurs to ping the book world’s radar—and raise its collective hackles—in recent months. Many were hawking AI “solutions” they promised would transform the act of writing, the most derided among them Sudowrite’s Story Engine (dubbed in a relatively ambivalent review by The Verge’s Adi Robertson as “the AI novel-writing tool everyone hates”). Story Engine raised frustrations by treating writers as an afterthought and, by its very existence, suggesting that the problems it was trying to bypass weren’t integral to the act of writing itself.

Last month, Justine Moore, a partner at Andreessen Horowitz, provided a sort of bookend to Munjal’s “AI-animated books” proposal. “The three largest fanfic sites—[Archive of Our Own], Fanfiction.net, and Wattpad—get 3 billion-plus annual visits in the US alone,” she wrote. “Imagine how much bigger this market could be if you could chat with characters vs. reading static stories?” The thread was likely a reference to Character.ai, a startup that lets users chat with fictional heroes and villains; Andreessen Horowitz led a $150 million funding round for the company in March. The comment also came after the revelation that large language models (LLMs) may have scraped fanfiction writers’ work—which is largely written and shared for free—causing an (understandable) uproar in many fan communities.

Setting aside the fact that fandom role-playing has been a popular practice for decades, Moore’s statements felt like a distillation of tech’s tortured relationship with narrative prose. There are many kinds of fanfiction—including an entire subgenre in which “you” are a character in the story. But those are still stories, sentences deliberately written and arranged in a way that lets you lose yourself in an authored narrative. “Imagine having such a fundamental misunderstanding of the appeal of reading fanfiction—let alone reading fiction more broadly,” I wrote in response to her thread. What’s so wrong with people enjoying reading plain old words on a page?

The tech world has long been convinced that it understands the desires of readers better than they do themselves. For years, VCs have promised to upend books and the structures around their creation and consumption. Some came from within the publishing industry, but like their counterparts “disrupting” other sectors, including film and TV, many more did not. And for the most part, despite tech’s sometimes drastic (and often negative) effects on other industries, book- and reading-related startups failed to alter much at all. People are still buying books—in fact, they’re buying more than ever. Pandemic lockdowns brought a perhaps unsurprising boom in sales, and even though numbers slipped as restrictions lifted, print sales were still nearly 12 percent higher in 2022 than they were in 2019, and sales of audio books continue to increase dramatically year over year.

One reason books haven’t been particularly disruptable might be that many of the people looking to “fix” things couldn’t actually articulate what was broken—whether through their failure to see the real problems facing the industry (namely, Amazon’s stranglehold), or their insistence that books are not particularly enjoyable as a medium. “It’s that arrogance, to come into a community you know nothing about, that you might have studied as you study for an MBA, and think that you can revolutionize anything,” says writer and longtime book-industry observer Maris Kreizman. “There were so many false problems that tech guys created that we didn’t actually have.”

Take, for example, the long string of pitches for a “Netflix for books”—ideas that retrofitted Netflix’s original DVDs-by-mail model for a different medium under the presumption that readers would pay to borrow books when the public library was right there. Publisher’s Weekly keeps a database of book startups that now numbers more than 1,300; many of them are marked “Closed,” alongside a graveyard of broken URLs. There were plenty of practical ideas—targeting specific demographics or genres or pegged to more technical aspects, like metadata or production workflows. But many more proposed ways to alter books themselves—most of which made zero sense to people who actually enjoy reading.

“I don’t think they’re coming to that with a love of fiction or an understanding of why people read fiction,” Kreizman says. “If they were, they wouldn’t make these suggestions that nobody wants.”

The “10x more engaging” crowd has come in waves over the past two decades, washed ashore via broader tech trends, like social media, tablets, virtual reality, NFTs, and AI. These tech enthusiasts promised a vast, untapped market full of people just waiting for technology to make books more “fun” and delivered pronouncements with a grifting sort of energy that urged you to seize on the newest trend while it was hot—even as everyone could see that previous hyped ventures had not, in fact, utterly transformed the way people read. Interactive books could have sound effects or music that hits at certain story beats. NFTs could let readers “own” a character. AI could allow readers to endlessly generate their own books, or to eschew—to borrow one particular framing—“static stories” entirely and put themselves directly into a fictional world.

AI isn’t remotely a new player in the book world. Electronic literature artists and scholars have worked with various forms of virtual and artificial intelligence for decades, and National Novel Generation Month, a collaborative challenge modeled after NaNoWriMo, has been around since 2013. Even now, as much of the book world loudly rejects AI-powered writing tools, some authors are still experimenting, with a wide range of results. But these bespoke, usually one-off projects are a far cry from the tech industry’s proposals to revolutionize reading at scale—not least because the projects were never intended to replace traditional books.

“A lot of interactive storytelling has gone on for a very long time,” says Jeremy Douglass, an assistant professor of English at the University of California, Santa Barbara, citing everything from his early career work on hypertext fiction to the class he’ll teach next year on the long history of the pop-up book to centuries-old marginalia like the footnote and the concordance. “These fields are almost always very old, they’re almost always talked about as if they’re brand-new, and there haven’t really been a lot of moments of inventing a new modality.”

To VC claims that AI will totally alter books, Douglass takes what he calls a “yes, and” stance. “What people are actually doing is creating a new medium. They’re not actually replacing the novel; they created a new thing that was like the novel but different, and the old forms carried on. I’m still listening to the radio, despite the film and game industries’ efforts.”

Tech entrepreneurs rarely pitch “yes, and” ideas. In their view, new technologies will improve on—and eventually supplant—what exists now. For all of his interest in the many forms of interactive fiction, Douglass doubts that most books would benefit from an AI treatment.

“There are extremely pleasurable aesthetic systems that aren’t intentional,” he says. “But how often when I’m reading The Autobiography of Malcolm X or The Joy of Cooking do I think, ‘If only a chatbot could augment this on the fly’? And it’s partly the fact that some communication is deeply intentional, and that’s part of the pleasure. It’s handcrafted, it’s specific, there’s a vision.”

That isn’t to say that Douglass thinks there’s zero appetite for AI in literature—but it’s “probably a very small slice of the pie. So when you say ‘all books’? Almost certainly not. For the same reason that we’re not reading 100 percent pop-up books, or watching all of our books on YouTube, or anything else you can imagine. People are doing that too, but it’s extra.”

The exact size of that small pie slice remains to be seen, as does the general public’s appetite for instant novels, or chatting with characters, or hitting a button that will animate any book in your digital library. But those desires will likely need to come from readers themselves—not from the top down. “If you just give the tools to everybody, which is happening in spite of venture capital, as well as because of it, people will figure out what they want it for—and it’s usually not what the inventors and the investors think,” Douglass says. “It’s not even in their top-10 list of guesses, most of the time. It’s incredibly specific to the person and genre.”

The recent history of publishing has plenty of examples in which digital tools let people create things we couldn’t have predicted in the analog days: the massive range of extremely niche self-published romance, for example, or the structural variation and formal innovation within the almost entirely online world of fanfiction.

But when the tech industry approaches readers with ways to “fix” what isn’t broken, their proposals will always ring hollow—and right now, plain old reading still works for huge numbers of people, many of whom pick up books because they want to escape and not be the main character for a while. “That’s a good thing,” Kreizman says. And as AI true believers sweep through with promises that this technology will change everything, it helps to remember just how many disruptors have come and gone. “In the meantime, tech bros will still find VCs to wine and dine and spend more money on bullshit,” Kreizman predicts. But for the rest of us? We’ll just keep on reading.

#books #writing #publishing #leechware #artificial intelligence #ai #technolog

[ashishaggarwalacubeventures]

7 Facts You Must Know Regarding Startups In 2023

You are saying that you have a burning inkling that you think could transform the world in any way? Oh, you are desiring about earning millions or even billions of dollars by launching a business around this boiling idea? Then you could probably be the father of a Startup.

Industry professional, Ashish Aggarwal, CEO of Acube Ventures insinuates that Startups are prominent business prototype that steers invention and economic promotion across the world. An exotic set of products and services are established by startups each year. They are the articulation of imaginative and ambitious entrepreneurs who have remarkable ideas.

India has evolved to be the third-largest startup ecological community in the world after the US and China. The first Unicorn was seen in India in 2011, and almost after a decade in 2022, India crossed the mark of 100 Unicorns. The bragging of 100 Unicorns is not an ordinary affair, and that is why the startup ecosystem is flinging in joy and bulging with dignity.

"Startups in India have grown remarkably over the last six years.

The number of newly recognised startups around the world has heightened to over 14,000 in 2021-22 from only 733 in 2016-17, a survey said.

When someone says the word “startup”, we usually instantly think of diverse triumph stories and exponential business expansion. However, in actuality, not all startups are prosperous. We usually only hear about the winners, and that is one-sided information that doesn’t tell the entire story. Everyone wants to listen to favourable achievement anecdotes, but you need to know all of the details if you want your startup to prosper.

Mr Ashish Aggarwal, an Industry Expert and Consultant has laid out 7 most crucial details about startups, including statistics, facts, and trends that will help you give a decent awareness of the universal startup landscape:

1. Dispersion of startups worldwide as per industry - 7.2% of the startups in the world function in the Fintech industry which is followed by the healthcare sector with 6.9%, Artificial intelligence with 4.9%, Gaming industry with 4.7%, Adtech commerce with 3.2%, and Edtech sector with 2.9%. Even though there isn’t entirely accurate data about enterprise dispersion, it’s clear that contemporary startups gravitate more towards the online network, cyberspace, the internet and digital technologies. With this information, we can also discern which industry is adequate for startups at the moment.

2. The valuation of E-Commerce revenues globally is approximately $3.5 trillion - E-Commerce is one out of the most prominent industries for young startups with rapid growth expected in the future. The next enterprise in line is “FinTech” i.e. Financial technology. Another huge focus of new startups is cybersecurity. These companies realize how crucial online security will be in the future. FoodTech combines food and technology and is another famous enterprise for startups. With over $16 billion of investments in 2018, EdTech is coming to be another outstanding startup industry that provides educational technology remedies to people worldwide.

3. Over 68% of startup businesses started as home businesses - The idea has to commence somewhere and form posture. Even though maximum startups don’t have the integral allocation at the onslaught to insulate office expenses, they can launch their operations from home.

4. The ‘sharing economy market' is expected to cross a total revenue of $335 billion by 2025 - In just a matter of a few years, sharing economy startups namely, Airbnb and Uber have grown exponentially and solidified a global existence. At the moment, Airbnb is valued at $24 billion, and Uber is worth $50 billion. In 2014, the total revenue of market sales was $17 billion, which means that in just eight years, the projected earnings of this market grew more than 20 times.

5. AI is presently the most profitable innovation technology -Over 63℅ of entrepreneurs agree that AI, not just presently but for at least the next 10 years is the most prominent technology. The tracts of this technology with the highest potential are autonomous transportation and huge data. Even though these two sectors are already making strides, it’s anticipated that they will flourish substantially in the close future.

6. ByteDance is valued at over $350 billion - The most profitable unicorn company in the world, ByteDance (China) is a tech company that owns Tiktok. There are presently 1000+ Unicorn companies around the world. However, the maximum of them is tracked down in China or the United States.

7. 95% of entrepreneurs that establish startups have at least a bachelor’s degree - Many people claim that education isn’t significant. They talk about Mark Zuckerberg and Elon Musk as instances. However, the majority of the people who birthed the world’s most triumphant startups have a higher education.

Ashish Aggarwal aspires to watch numerous Indian Startup Parents succeed in their entrepreneurial endeavours, which is why he shares his invaluable insights about startups. According to him, The startup industry will persist to be the driving component for global innovation and business development for many years. Nonetheless, companies must learn how to adapt to trends while being endurable and productive so that more startups can withstand the dynamic business environment.

#ashish aggarwal #ashish aggarwal indo innovation #ashish aggarwal acube venture #ashish aggarwal space mnatra