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Edtech, or education technology, is an emerging industry that is gaining a lot of attention. This is because edtech is an essential tool for the >$1T markets, and has the potential to revolutionize the way we approach education, making it more accessible, personalized, and effective.
One of the biggest advantages of edtech is its ability to make education more accessible. Data show that 84% of teachers believe it is “impossible to achieve equity in education without accessible learning tools” . With the rise of online learning platforms and mobile apps, students can now access high-quality educational content from anywhere in the world. This is especially important for students in remote or underprivileged areas, who may not have access to traditional education institutions.
Another advantage of edtech is its ability to personalize learning experiences. With the help of artificial intelligence and machine learning algorithms, edtech platforms can adapt to the unique learning needs and preferences of individual students. This means that students can learn at their own pace and in a way that is tailored to their specific strengths and weaknesses. A Grand View Research report valued global AI in the education market size at $1.82 B in 2021 and expects it to expand at a CAGR of 36% from 2022 to 2030 .
Furthermore, edtech has the potential to make education more effective. By using data and analytics, edtech platforms can track student progress and provide real-time feedback to teachers and parents. This can help teachers identify areas where students need extra support, and tailor their instruction accordingly.
Overall, edtech is an exciting area of investment because it has the potential to transform the education landscape and improve the quality of education for students around the world. With the right support and investment, edtech companies can continue to innovate and develop new and exciting technologies that will help students succeed in the 21st century.
Since inception, Amesite Inc. (Nasdaq: AMST) – a leading edtech SaaS company – has successfully contracted with businesses, universities and government agencies, including NAFEO and CUNY. Amesite has a proven track record of launching successful programs in a timely manner and our programs have an impressive 98% retention rate across all industries. Watch our most recent shareholder update for more details.