It’s no doubt that 2020 was the year that changed education forever. Now that we’re in 2021, we can expect a spillover boom in EdTech investments.
It’s no doubt that 2020 was the year that changed education forever. Now that we’re in 2021, we can expect a spillover boom in EdTech investments. According to Crunchbase, EdTech VC funding has reached $4.1B so far. In 2021, We can expect to experience a spillover boom in EdTech investments. Large EdTech companies like Quizlet, for example, will likely IPO this year as well. But where can and should these investments be allocated within EdTech to realize the fullest potential of the industry?
Making Zoom More User Friendly For Teachers & Students With AI
One domain that will witness innovative value creation is Zoom, particularly technologies that are geared towards a better user experience for K-12 teachers and students. One of the biggest problems that went viral over the internet in 2020 were issues related to classroom administration to small children. Kindergartners would forget how to unmute themselves, among other things, forcing teachers to serve both as educators and personal Zoom instructors. We will likely witness value creation in the domain of AI integration for Zoom, so that artificial intelligence can help educators focus on teaching, while the AI itself would ensure a swift user experience.
Technologies To Converge Decentralized University Curriculums
Another area where we will see value creation is EdTech platforms that converge university curriculums. With everything online, there is no need for each college to spend resources on building new curriculums from the bottom up each semester. Instead, I surmise that we will witness the rise of platforms that will attempt to tackle the centralization of a plethora of separate curriculums. On top of this, there will likely be a heavy push towards personalization of academics via AI and Machine Learning to improve student learning outcomes.
AI-Powered Standardized Test Administration & Evaluation
Lastly, standardized tests will likely begin adopting online administration. As a result, new EdTech innovations will need to spawn in order to combat potential cheating, plagiarism and fraud. Adding AI to the equation means that students will be able to receive instant standardized test scores without having to wake multiple weeks.
To conclude, 2021 is going to be the year of big $ EdTech investments. Education is a wild animal that is just starting to be tamed. Let’s see where the innovation leads us.