The introduction of artificial intelligence in technology has proved to be
disruptive in almost all industries. Major impact of this technology is
witnessed by the education sector. This disruptive technology is being
integrated into the education industry at both
institutional and course level. The Education
Business Review suggests that global artificial intelligence market in
education sector is expected to grow at a CAGR of 43.5% during the period of
2018-2022. The applications of this technology in this sector are innumerable.
From making education more accessible to students with computers or smart
devices to enabling organizations to reduce the time spent on tedious tasks and
increasing the time spent on each student, this technology has revolutionized
this market.
Artificial intelligence has great potential in
automation and reducing the amount of time on administrative tasks. As
education moves away from a rote learning to more dynamic modes the concept of
learn-as-you-like especially among remote learning courses has emerged. Entire
courses via virtual modes can be delivered via this technology and can even
reply to certain standardized queries relating to the course. The most tedious
and time consuming tasks the teachers have to go throw is grading. This is a
major zone where the AI can assist organizations. Currently, AI technology
powered devices are capable of grading only objective answer sheets but as AI
develops, it shall soon be able to assess subjective answer sheets as well.
Artificial intelligence powered bots have been introduced in Georgia Tech
University, where bots reply to certain common and pre determined questions
without the students knowing that they do not communicate with a human being.
The AI is capable of finding gaps in the curriculum based on how students
actually perform in the tests. For instance is most of the students are not
able to answer a particular type or question, the AI will correlate that to the
curriculum and find whether the particular topic was actually missing from the
course or not. It shall then assist teachers to provide better student material
or learning techniques. This technology can monitor student performance
indicating key weak areas where students lack performance and convey this
record to the teacher who in turn can focus their attention to these weak
areas. Education
Market Research Reports Consulting is of the view that today every kind of student from advance
students to students with special needs requires access to same kind of
education. Keeping this in mind, AI can adapt to individual student
requirements making learning a lot more meaningful experience for the students.
The
AI technology introduced in Georgia tech university (USA) has been backed by
IBM’s technology. Some established companies working under this domain are
Microsoft, Quantum Solutions, Pixatel, and Nuance Communications. Many new
startups have gained entry into the booming industry such as elemental path,
querium corporation, metacog, jellynote and fishtree. The competition in this
sector is expected to remain tense due to a high CAGR with startups trying to
gain a piece of the market share.
The
institutions across the globe are witnessing the future of the education industry
due to the introduction of this advanced technology. It is expected to improve
the way lectures are conducted in classrooms and reduce administrative tasks
considerably. Plus, this technology will save millions in cost for institutions
and allow them to appropriate its fund to key matters paving the way for
operational effectiveness and efficiency.
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Ankur Gupta, Head Marketing & Communications
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