The Rise Of Artificial Intelligence In The Education Market
This article deals with the prediction of the rise of Artificial Intelligence in the education market. It explains the indispensability of AI in the field of online learning.
In 2017, the market value of Artificial Intelligence in the education market was a little over USD 400 million. By 2024, according to a research report published by Global Market Insights, Inc, this market value is projected to rise to USD 6 billion. This statistic is an undeniable proof of the rising importance of AI in the field of online education.
The Example Of China
China has lately put plans into action, to become a global leader in AI research and development. They have initiated the application of AI even in schools.
According to a report, a high school in East China has installed a unique facial recognition system. The main job of this system is to analyse student engagement in real time. It does so by registering the behaviour of students and their facial expressions.
The intelligent classroom behaviour management system works on a simple basis. Cameras are placed above the blackboard in every classroom. These cameras scan the class of students every 30 seconds. By doing so, this system can detect the moods of the students, and their level of involvement in the subjects taught in class.
This system has two main benefits. Not only has it enabled the teachers to refine their methods, it has also ensured higher concentration and involvement from the students. The students are aware of being under the scanner, and make a greater effort to be more alert in class.
This is not the first AI experiment in Chinese schools. They have been using this technology to correct papers and essays as well.
The Relation Between Education And AI
It might sound surprising, but there are many similarities between education and AI. The key elements of education are learning, reasoning and solving problems efficiently. AI is also based on these basic components. As a result, AI has been seamlessly integrated with the education sector. It has helped build better social skills and emotional outreach.
The complementary relationship between education and AI has spurred artificial intelligence to develop more. Specifically the development of the AI based learner model. In 2017, this learner model comprised of more than 60% of AI in the education market share.
Learn Without Fear
One of the biggest advantages that students can gain from AI is the chance to learn at their own pace. They need not compete with their peers and live with the fear of judgement by their fellow students, teachers and parents.
AI can help to facilitate greater flexibility in the field of education. It can identify the strengths and weaknesses of individual students and create a program customized for their specific needs. Alternatively, it can also suggest courses to students which are best suited to their demands.
The greatest presence of AI in the education market is through virtual classrooms. These online learning sessions are cost effective and efficient. And in a post pandemic world where a greater part of our daily lives have become virtual, online classes and virtual classrooms are indispensable.
Many educational institutions have formed partnerships with education technology companies, to formulate various kinds of virtual classrooms. They are offering degree programs exclusively on virtual platforms, and a variety of open courses which have made education accessible to a greater population.
AI Has Transformed The Education Landscape
As technology has and is changing our world, artificial intelligence has also transformed the landscape of education. The dynamics of teaching are already evolving as an effect of AI. The day is not far when AI will also change the way students learn.
Artificial Intelligence in the education market is also becoming a highly competitive field. An increasing number of multinational companies and venture capitalists are investing in AI in the education market. Specifically, start-ups that focus on providing AI services in the field of education. This sector is expected to grow even more as technology advances and becomes more sophisticated.
Learning Made Easy
Teaching is not an easy task. To be responsible for the young minds who will shape the world we live in tomorrow, to guide each pair of fresh legs towards the path most suited to it— such a great job has its own complexities.
Artificial Intelligence makes this task simpler, by easing the burden on teachers and counsellors. AI can efficiently execute complex tasks like suggesting a suitable career to students. It can also simplify the administrative aspects of education. It can create personalized education grids for individual students, which would be impossible in a traditional brick and mortar set-up.
The Case Of Cognii
A notable AI-education partnership is that of Colorado State University (CSU) and Cognii Inc. CSU is one of the leading research universities in the US. Under their partnership with the AI firm Cognii, the faculty members of CSU will use the Virtual Learning Assistant (VLA) technology to create a new educational experience.
In conclusion it has to be said that Artificial Intelligence (AI) will only gain more relevance and importance in the educational landscape of the near future. Educational institutions that want to adapt themselves to a rapidly changing world must enlist the services of AI to stay relevant and important themselves.