The role of AI in revolutionizing the education system has been phenomenal. As industry analysts expect the global market for AI in education to flourish at a rapid pace, investors are looking for opportunities to better leverage the situation. Major industry players like Elemental Path and Volley Labs have already improved on their product strategy by infusing the power of AI into their teaching and training programs.
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AI in education: Early adopters and new entrants
Though the market for AI in the education sector is a highly fragmented one, its popularity the past five years means that several new players have entered this industry. Interestingly, even emerging countries where the education sector is not backed by technological innovations have opened to this change.
On the whole, it is the Americas that is holding a major chunk of this market. With hardly any competition from regional players, leading AI vendors in the education sector are trying to capture the markets in the APAC and EMEA regions as well.
Given how volatile the education market is, we have listed the top 3 trends that will shape the future of AI in education, through 2018 and beyond.
Trend 1: Student support beyond the classroom
The demand for 24×7 support for students has been a common ask for a while now. AI makes the study programs advanced enough to help students work on their basic concepts. The AI tools for education enable designing of various approaches through which tutors can support students beyond the classroom hours.
For instance, Carnegie Learning is already providing intelligent tutoring systems which make use of data on every student to provide customized support outside the classroom premises.
Trend 2: Automation of admin tasks with AI
Often, educators spend their valuable time on tedious tasks like grading homework, measuring student responses, and evaluating test papers. Vendors have come up with AI in education solutions that can automate these and many other admin tasks, including the admission process. This leaves the teachers with more time to plan lessons and conduct one-on-one interactions with the students.
Querium Corporation has launched apps for science, math, engineering, and technology subjects. These apps provide in-depth reports on the errors made by students, based on which the instructor can provide focused attention to help them improve.
Trend 3: Bringing immersive technology to the classroom
Stakeholders in the education sector understand the crucial role played by, and challenges involved in, providing a practical learning experience for the overall development of the students. While traditional teaching methodologies have their own limitations on this front, AI in education facilitates this process through immersive technology.
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What do these trends reflect about the future of the education sector?
It is very clear that AI in the education sector will lead to a much more personalized approach towards learning. With technology taking over the teaching and learning process in a major way, big names in education will be working on cost-effective AI-based solutions. Additionally, mainstream technology companies will play a key role in advancing the technologies involved.
Check out the Technavio report featured in this article :
Global Artificial Intelligence Market in the Education Sector 2018-2022