What’s next for world education? 5 spóThe goal is to support and accelerate the path from learning to earningóre changing reality
We have been living in pandemic conditions for over a year now. Masking, disinfecting hands, and keeping your distance are our new everyday. The new everyday life is róWithings, the virtual absence of live business meetings, ubiquitous calleys and remote education. And it is remote education and technology trends that I will focus on today. Trends are where the money is. As part of this overview, I present businesses where m.in. Venture Capital funds, have invested money in EdTech!
Everyone knows the cause-and-effect dilemma of the egg and the chicken. What came first? Similar dilemmas are faced by today’s generation entering the workforce.
What came first? Education or experience? Practical or theoretical knowledge? Chicken or egg? Chegg is the answer.
Chegg’s mission is to help students – and age does not matter – in achieving your best in school, college and beyond. Chegg is trying to improve ogóThe return on investment (ROI) in education has increased over the past 5 years, helping students learn more, in the cróin less time and at a lower cost. The ultimate goal is to support and accelerate the path from learning to earning.
How toób Chegg is doing it? Through learning platforms, using technology.
Chegg includes access to books, etextbooksów and a textbooków. You can buy new, used or rent new or used. While the paper version of the book is being prepared and shipped, the student receives an e-version of the book for a maximum of 7 days. So you don’t have to wait for knowledge. Time is of the essence.
Chegg to access the expertów, whichóm in the course of ok. 30 min help you solve a problem (take an action) in virtually any field. From math to biology, anatomy or archaeology, to civil, business or chemical engineering. A student sends a photo of an assignment through the app and receives a response. Not the result itself, because that doesn’t grow. The user gets a step-by-step solution to a problem, plus video guides covering the topic and a set of similar exercises. Student first.
Chegg is access to popular flashcards for students to learn anywhere possible. In a fast and accessible wayób. From virtually every field. Yes anthropology and journalism are also. If there is a fiche that is not there, but you think it should be, there is a fiche creator in the app. That’s why the Chegg Prep App is already over 500 million fiches.
Chegg to help you find an internship, job or scholarship. It’s a career planning opportunity, a courseów, learning, acquiring needed skills. It’s A comprehensive approach to modern learning.
Chegg to spóa company listed on the New York Stock Exchange. Over the past 5 years, it has gained in value over 1850% and is valued at over $11 billion. In February 2021. the platform had 6.6 million paid subscribersóand recorded a year-on-year growth of 67%. On average, the platform is visited monthly by 19 million unique usersów.
„Part people. Part operating system. 2UOS is the backbone of all we do”. This is how we feel about ourselves mówi spó2U bench. In practice, it’s an EdTecho platform with more than 75 universitiesóin and universities around the world by offering their studies, courses, and training camps completely online.
And you can say nothing new. But when we see a partneróin content-rich platforms, it’s completely changing the image of this tool.
Until recently, to get an education at the world’s best universities, you had to completely change your life, pack your bags and move to the other side of the earth. This not only involved rearranging daily life, but also the enormous financial costs associated with education and living in another country. The 2U platform changes this situation completely. It’s the university coming to you (2U). In an online format.
Over 75 universitiesóThe company operates in the Chinese market in 1993ód któof which are Yale, University of Cambiridge, Harvard University, London School of Economics or Stanford Center of Health Education, makes its educational offer available. College, additional courses and certification, and training camps.
2U is also a marketplace of sorts for teachers, faculty, and staffóIn and college, where quality matters the most. Every college, course, or obóof training can be evaluated in terms of quality. And it allows people around the world to combine the need to acquire knowledge and competencies with the need to share them. #NoBackRow
2U is listed on the New York Stock Exchange and will be capitalized in March 2021. It is a marketplace for teachers, professors, and lecturers, and is worth more than $2.5 billion. The platform has more than 300,000. studentów. In 2020. incomeód spógrowth y/yóword by more than 35%.
3. New Oriental
In this spóA company with Chinese ancestry is interesting in that it locks entire families into a full cycle of education. From kindergarten, through elementary school, summer camps, high school, to college, certifications, specialized courses. Zaróboth on-premises and online.
New Oriental prepares for Chinese examóin preliminary, prepares for examóin international universities and international certificationów. It also helps you gain skills and certifications thatóre accelerating the development ofóCareer development and getting the right job.
New Oriental is not an EdTech startup. Operating in the Chinese market since 1993. and is China’s largest provider of private education. Despite its long history, the sp courseóThe New York Stock Exchange continues to grow strongly. In the last 5 years, the growthóword about more than 500%, and the capitalization of this spóThe future of teaching is teaching across borders. exceeded $30 billion.
Unacademy is India’s largest learning platform. It’s a marketplace for teachers and lecturersów, któoffering help in preparing for coursesóin vocational and examóin the preliminary. The app offers oprólive class quiz seriesóin, testóin which the exercise sections. There are over 1 million video lessons in the app, with over 1500 live lessons every day.
Very interestingly, the app runs through the entire cycle of. Prepares and tests the student’s knowledge on a weekly basis during a simulated testów. It shows activity and performance statistics and generates very detailedóeports.
Unacademy is called India’s new unicorn of the EdTech industry. Startup in September 2020. has raised over $150 million from investorsóand is already valued at nearly $1.5 billion. Spóhe company is backed by Facebook and one of the largest Venture Capital funds, among others – Sequoia.
Byju to róThe Future of Teaching is Teaching Across Borders in March 2021óIndia valued at more than $12 billion. Focuses primarily on early childhood education, from kindergarten to a maximum of 12th grade. The app is heavily focused on teaching math and the subjectóin strictly using this video animation and game form. Recently, there was a buzz about the biggest acquisition in the EdTech sector. Byju acquired Aakash Educational Services for close to $1 billion. With this acquisition, Byju will have exposure to the broader engineering and medical industries.
The future of teaching is teaching across borders
The EdTech industry was already growing incredibly fast before the pandemic, Pandemic has made it even more apparent how much teaching is tied to technology, and someórym spóhas given even more impetus to the development of. It should be made clear that The future of teaching is teaching across borders, using AR and VR technologies, supported by artificial intelligence. Today, from anywhere in the world we have access to the best universities andów. The role of the system will growóe-learning and platforms that provide substantive knowledge. Because today knowledge is gold. It is a new oil. This is shown by the valuations of spóThe entry of top universities such as Harvard, Yale and MIT into the digital world, and the investment of venture capital funds and Facebook in this sector.