Edtech Space

"Technology will never replace great teachers, but in the hands of great teachers,  it's transformational." – George Couros. 
Be it writing, thinking, or working, the first thing these days comes to our mind  is Pandemic and its impact. Covid-19 has reshaped, redefined, and accelerated  the adoption of technology across various sectors. Along with everything else,  the pace at which EdTech initiatives have shaped up for better is commendable;  the reason could be the advancement of technology, flexible models, or the  FOMO effect. Due to Covid-19, overnight, everything switched to remote – remote working, remote celebration, remote learning, and more. Others may  have witnessed a couple of challenges, but EdTech has seen consistent and  prominent growth in Acceptance and adaptation. The pace hasn't slowed down  even a bit; the same is anticipated to grow exponentially in coverage and  relevancy. EdTech, for numerous apparent reasons, is here to stay forever. 
As per the Holon IQ report, Global EdTech started the last decade with $500m of  Venture Capital invested in 2010 and finished 32x higher at $16.1B in 2020, nearly  2x the previous investment record in 2018. 
Another report by Venture Intelligence states that the EdTech investments in India  made a fourfold jump in 2020, from $409 million in the previous year, as the  Pandemic pushed users to online education. 
The justified rise is visible for the most obvious reasons! The advanced solution  using developing technologies like Artificial intelligence (AI) and Robotics,  Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), and other  forms are creating a platform to suffice the comprehensive need of the system  enabling a shift from conventional to experiential methods of SMART learning. 
Organizations today have already shifted focus from traditional learning  processes to technology-driven systems to bridge the existing gap and match  the future's needs. Similarly, even individuals have walked the extra mile to  accept the fast-paced demands, changing uncertain times and adapting to  them. For both, EdTech has emerged as the most relevant enabler. We would  all accept that "Technology can become the "wings" that will allow the  educational world to fly farther and faster than ever before—if we will allow it." 
There are numerous benefits and highlights of EdTech that can't be  disregarded, as compared to the traditional way and other approaches. Few  are:
1. Customizable: It can be tweaked as per the need. It is adaptable to any  industry and market need, with no constraint of clinging to the traditional  content. The democratization of content is the real need of time, and EdTech is  enabling that. 
2. Self-paced: We have stopped talking about work-life balance as we can't  find any. In a life full of uncertainties and surprises, employees will appreciate a  model that allows them to learn at their own pace- when they can. Learn from  anywhere, anytime! 
3. Engaged learning: Gamification of learning techniques has helped the user  better understand, making it more interactive and engaging. It can help in  achieving more learning retention. 
4. Real-time: It's adaptable; constant innovation helps to keep pace with  changing trends. The most relevant up-to-date features and content gets  upgraded as and when needed making learning more effective and appropriate.
5. Integration: We all accept that it's just a tool that has integrated well with  existing learning methods, processes, and people to empower the same. The  core and foundation are the same as before; the mode has amplified because of  technology. EdTech has brought out the best-integrated combination of  education and technology. 
6. User-friendly: Easily accessible and easy to use: first two criteria that define  whether an employee will hold on to the program or not. When these two  aspects are taken care of, it becomes a go-to window to learn and evolve  naturally. 
7. Independent system: Time is the biggest constraint, and so is the availability  of all concerned at a particular time. This self-sustaining system eases out the  concern of dependency and interdependency. The method in itself is self sufficient in self-service mode. 
8. Data-Driven: In the fast-moving world, it generally becomes next to  impossible to know the market and keep up to the changes. A system that uses  analytics to redefine and reform comes in handy for organizational  development. 
9. Personalized: These initiatives provide highly personalized learning  experiences based on learning patterns and behavior. One size fits all; it doesn't  hold any relevance now. Learners seek freedom to explore, mix, plan and  experiment as per their interest and understanding. 
The shelf life of skills has become insanely short, which in turn is exponentially  increasing the skill gap. There is no better tool than technology to create a  shield that enables overall development and advancement to keep up with the  demand of market, transformations, innovations, and evolutions. EdTech has evolved and revolutionized the way of work. As rightly said, "what got you here  won't get you there" holds so much relevance in today's competitive time. And  to coexist and excel, employees and employers will have to continuously  identify and improve upon existing skills by changing and adapting to THE NEW  as and when required. Like John Dewey said," If we teach today as we thought  yesterday, we rob our children (employees) of tomorrow." 
Education has always been the core and foundation of any role or profile, and  technology has empowered and enabled Organizations and people both to an  unimaginable level- a supreme level. A path that can be self-created, adapted,  and achieved to design a better today and tomorrow. 
EdTech can do magic but not alone. Company culture has to support the need  and initiative. In addition to the organization's culture, there could be other  challenges like financial constraints, non-acceptance to adaptation, Lack of  technical know-how, shallow learning models, and scattered strategies. To  achieve the desired goal, organizations will have to go beyond the conventional  approach and enable learning through technology, and that's doable, but are  we giving enough space and time to our existing employees to invest sufficiently  in learning. That's a bigger question to ask and address. If we can integrate  learning and work well, EdTech can serve as a game-changer. As Laver Burton  rightly said, "If we marry educational technology with quality, enriching content,  that's a circle of win." 
The current stage is conceivably the most compelling and disruptive stage of  EdTech. It will play a crucial part in bridging the supply gap and redesign the  future of learning. EdTech, moving forward, will only get bigger and better. 
It has become more than essential for organizations to upskill the workforce to  win the game in most uncertain times, and to achieve that, technology should  be the carrier. 

Today, we don't need EdTech; we have to live EdTech. Embrace it well! 

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