Is this the end of education as we know it?
The rise of Edtech
As an entrepreneurial thinker, the structure and system of current education models was not very supportive to me. It supports a culture of workers, people who will fill the jobs of the big institutions of the 20thC.
It is not for the creatives, for the free thinkers, for the visionaries.
For the past 150 years learning models, especially regarding children, have barely changed:
A teacher or lecturer stood at the front of the classroom explaining ideas or introducing facts while students sit and listen with the learning materials being mostly physical textbooks or printouts. And knowledge tested by memorising and reinterpreting.
A whole new interactive way of teaching is possible. Students have access to their own computers or tablets. No need to carry heavy text books as online and interactive services mean students can explore and learn based on their unique learning requirements.
Systemic innovation of the education also needs to take place to accomodate the new skills of digital literacy. The jobs of the future do not exist now, and current research indicates that as many as 40% of current knowledge jobs will be automated in coming years, the learning of up-to-date and relevant technological skills is required to ensure workers can continue to adapt to a rapidly changing job market.
Edtech has been slow to adapt but a movement is building globally.
A major reason for the slowness in change is the need for cultural adaptation and the implications of inserting a new technology on already burdened teachers and educational professionals. Companies developing EdTech need strong stakeholder management and the ability to navigate government policies and regulations.
These are only opportunities to unlock as Edtech is poised to be the biggest and possibly most profitable digitalised sector yet.
Ref: EdTech is the next Fintech — Techcrunch