The
artificial intelligence technology has become
a significant tool for enhancing a user-friendly decision-support system and is
broadly used in the sectors of language translation and knowledge acquisition
applications. Moreover, the major knock of this technology is witnessed by the
education market and the applications of this technology in this sector are
unmeasurable. According to the report analysis, ‘Education
Market Research Reports Consulting’states that the adoption of cloud
facilities among the educations institutions also operates the artificial
intelligence in the education industry. The technology of cloud computing
enabled the institutions in developing their existing infrastructure with the
latest technology without any increase in their capital costs. Whereas, in the
last few years, the technology has obtained a significant level of experience
due to the rise of AI and development in machine learning algorithms.
Therefore, this technology has revolutionized this market.
From building
education more reachable to students with smart devices and computers to
allowing institutions to decrease the time spent on tedious task and expanding
the time spent on each learner. Moreover, the global artificial intelligence
industry in education sector is anticipated to grow at as CAGR of 43.5% during
the period of 2018-2022. The AI has a huge potential in automation and
decreasing the amount of time on tedious tasks. Furthermore, on the basis of
applications the educational institutions are using simulation and the AI
technology to encourage students to improve their learning experience as well
as improve and gain knowledge. According to the report analysis, ‘ EDUCATION INDUSTRY RESEARCH AND MARKET
REPORTS’ states that with the
growing trend this technology is gaining tractions of virtual classrooms and
virtual teachers and the key players of this technology are introducing open
online facilities and courses platforms that serves free educations to the
global audience. Not only has this, by the end use of this technology the
higher education sector accounts for more than 50.0% share in the AI in
education industry. As the higher education organizations are moving to
artificial intelligence technology more significantly to assist them with
career path options for students, course recommendations, administrative
assistance and others. Hence, numerous public and private colleges and
universities are admiring advanced educational facilities and fueling the
growth of the AI technology in the education industry more significantly.
Moreover, it is anticipated that the key players are functioning in this market
more effectively which increase the competitiveness and make the users more
beneficial.
The artificial
technology is able of finding difference in the curriculum based on how
learners actually perform in the tests which significantly more appropriate for
determining the student performance by indication key weak areas where students
need performance and transfer this record to the teacher who in turn can aim
their attention to these weak segments. On the basis of competition the AI
technology in the education industry is highly competitive because of the
presence of start-ups and multinational companies. Moreover, the developed
regions are also using this technology in the numerous institutions whereas,
the underdeveloped countries are also showing efforts in the installation of
this technology into the various organizations and educational institutions.
The google, IBM,
Microsoft are the multinational companies which are dominating the market more
significantly and make the market more competitive. Therefore, in the coming
years, it is expected that the AI in education market playing significant role
and will lead the market growth over the decades with the more innovations.
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