It’s no news to us that the paradigm of education is shifting online. This paradigm shift stems from the digital revolution spreading its wing over the education sector as well. Coursera, Edex, Udemy, Khan Academy are some such success stories that talk volumes about the scope and rising need for edtech apps across the world.
The recipe for success of these EdTech platforms lies in their ability to provide a seamless classroom experience without having to be in one. Besides video conferencing, smart content delivery, and assessment systems, edtech platforms also need to have attractive and intriguing interfaces to attract more students and users. Multiple login functionalities, payment gateway integrations are just some more of the key features required for any successful educational apps.
One of Valere's core competencies involves building highly scalable and robust educational apps. Apps that will change the face of the educational landscape amidst and post the pandemic. We understand the intricacies of the education business and technology that will actually help in your success. So, are you ready to roll with us and create the next best ed-tech app?
There’s a narrow understanding as to what an ed-tech app can and cannot do, so here’s an exhaustive list of the scope of such apps.
There’s never been a better time to make one - according to a 2017 report, nearly 50% of residents of America's five biggest cities speak at least one language except for English. And with people being stuck at homes in 2020, that striving has only increased.
Learning Management Systems enable schools to bring down their teacher-student-parent coordination to a single cloud-based platform. They can be relied upon for everything from time table and assignments to results and fees.
They’re mainly used as corporate earning resources and are deployed by HR and L&D departments. You can use videos, flashcards, and performance support resources through such platforms.
These are like knowledge and (sometimes) resource sharing hubs for students who believe in peer learning and conversational/social learning. They’re popular in higher education since they generate an interactive space for constructive feedback and pave newer ways to think and innovate.
It can be anything from basic coding to software development and even digital marketing. Some advanced apps also teach Machine Learning and Big Data.
They collect data from a lot of different universities, individual trainers, and online platforms and organize them in one place. This kind of platform opens many possibilities and for now, has less competition. A breakthrough example is Coursera.
Students preparing for competitive exams are under the utmost stress, which is why more and more of them are switching to online preparation helpers which offer convenience and space and encourage individualistic learning.
A platform that makes distance irrelevant without compromising with individual attention, better academic performance, and regular personal feedback from a tutor. Because of the virus scare, parents are more likely to go for an online tutor than a traditional one.
For kids who’d like to know about volcanoes, and those who want to learn the history by heart, and those who are math wizards – e-learning apps are to the rescue! Preschool online education is on top of the sector-wise revenue forecast conducted by Grand View Research.
Research says that 83% of human learning happens visually, so why miss out on that chance?
Offer greater accessibility, flexibility, and convenience to your students – plus make it environment friendly, because there’s no paper and children aren’t having to travel!
When you foster a sense of community in students, they become comfortable in sharing their ideas and ideologies, and that’s where real growth starts.
Integrating CRM with LMS is a great way of automating and streamlining a number of business processes and monitoring real-time sales data.
AI enabled exams not just increase precision and efficiency but also reduces bias, prejudice, and human error. Aspiring Minds is a great example.
Expand the possibility of a class by creating a completely virtual environment to life for every single student and teach abstract concepts with ease and engagement.
A crucial part of any online service, your payment integration needs to be swift, secure, and standardized.
The pandemic has paved the way for an early digitization for a lot of industries and education is amongst the top ones. The NEW NORMAL on one hand has made millions of people lose their jobs and invest their time at home in skill development and on the other, the conventional education institutions are in need of tech partners to power through this sudden dawn of digitization. The scope of revenue generation from edtech has multiplied three folds and we at Valere thinks there will be a no better time to invest in an EDTECH business!
With the internet reaching more people than ever, digitization is penetrating all aspects of life in 2002 - and technology is very innovatively being used in education to share knowledge, skills, and skill-development tactics. The reach of online education is unbiased and unprejudiced, so age, economic and gender gaps are starting to blur for the better.
In 2019, the global education technology market size was valued at $76.4b and is expected to grow at a compound annual growth rate of 18.1% in the next seven years. This makes education one of the most lucrative industries to tap into in 2020, and in the said times, remote learning is better for the business and the consumers.
According to EdSurge, there was $1.7 billion invested by venture capital funds into the edtech market in 2019. Globally, there was a funding of $7 billion in ed-tech, which has surged from $0.5 billion funding of 2010.HolonIQ predicts over $87bn to be invested over the next 10 years.
Learn Capital, 500 Startups, Owl Ventures, Rethink Education, Social Capital, and NSVF “Seed Fund” are some of the major VCs in the industry that either solely or majorly have a focus on ed-tech.
We are an experienced team of talented individuals who understand the value of gainful education and strive to create solutions that provide the same. We provide an enhanced and user-friendly learning experience without too many tech-glitches. We create multi platform solutions that can integrate all types of media. Our communication channels are interactive and innovative. The administration and maintenance of our apps are easy and they are highly secure for the students as well as the teachers.
We have had a remarkable experience in the educational industry and from it stems our strong research work and ability to help create breakthrough brands. For instance, our app The Mandarin Show has engaged thousands of mandarin learners every single day. In the marriage of our creativity and your business value, the real winner is the student – and isn’t that what we all want?
In current times, pre-primary online education is most lucrative. And definitely have opened minds and possibilities for platform-based education.
You can partner with another model or redeem your investment later by making it a fully paid service or giving space for advertisement. You can also choose to try out a minimal viable product (MVP) and then build around experience and feedback in stages once you have more resources available.
For the most part, there's a huge ROI in edtech apps, plus there's lower competition than other emerging industries. There’s a lot of untapped opportunities and a worldwide reach.