K-12 Education Technology in the Midst of COVID-19
In this time of economic turmoil triggered by COVID-19, the demand for education technology (“edtech”) solutions is at its peak. With more than 30 million K-12 students ordered to stay home, online learning has become the new normal. In the past, online learning was a luxury but now plays an essential role in enabling educators to teach, allowing students to continue to learn and grow during this unprecedented crisis.
The Winning Solutions to Shrinking the Skills’ Gap
In today’s tech-enabled world, it has become more difficult than ever for employees to meet the skillset requirements of employers. Unlike the past, companies have narrowed their recruiting scope away from candidates who simply have degrees to ones who possess practical competencies. These are skills that can be observed, measured and can be applied to perform a specific occupation.(1) The demand for these skills is warranted in a technological world; however, a shortage in competent workers means that these demands aren’t being met. This rising epidemic is what we call the skills’ gap. Today, 4 in 10 college graduates are being overlooked by corporations due to a lack of required skills. These same graduates are earning 30% less annually than their fully employed peers. And, there are more than 7 million unfilled employment positions due to the supply/demand misalignment.(2) This is a problem that heavily affects both the employer and employee, but also one that has broader implications on the state of the economy. But there are solutions:
The Time is Now . . . Selling Opportunities for Edtech Companies
The demand for education technology (“edtech”) has increased drastically in the last decade amongst schools and corporations. In 2019, investments in edtech companies in the U.S. reached $1.66 billion – a 16 percent increase from 2018. Digitization has made the progression and steady implementation of edtech crucial in helping students and employees thrive in the classroom and the everchanging workplace. Investors are realizing this, driving them to invest more time and money in these companies in order to help advance initiatives and increase scale. Continued investment in the sector is an encouraging sign for entrepreneurial companies, ensuring the capital required to develop new innovative technologies and strategies. More importantly, favorable 2020 expected buyer demand, promising industry trends, and aligned strategic initiatives point to a time in which selling opportunities for edtech companies are ideal. That time… is now.
The Use of Technology in Higher Education
As the world digitally evolves, education technology (“edtech”) continues to proliferate, increasing the impact it has on learning. The growing exposure of students to technologies in various aspects of their lives has caused a noticeable shift in the way students learn and retain information. As a result, institutions have begun to rely on technologies such as big data, cloud computing, artificial intelligence and virtual reality to carry out their initiatives to differentiate learning experiences and implement unique, adaptive curriculums. In addition, the technologies are being used to recruit students, predict dropout rates, track student successes as well as help to improve operational efficiency, which ultimately drives growth, increases revenue and reduces costs.
Is Vocation the New Motivation?
Students around the world are investing greater amounts of time in their studies and application processes in order to get into colleges that will ultimately grant them a bachelor’s degree, which is seen by the world as the “golden ticket” to financial freedom and job security. While a bachelor’s degree does grant access to a wider pool of job opportunities by way of showcasing the student’s intellectual credentials and determination to complete a four-year degree program, students are now realizing that their bachelor’s degree does not guarantee a job offer. In fact, a degree is not a golden ticket, but more comparable to a raffle ticket in that students are paying loads of money for an education where there is no guarantee of security or qualification in a changing job market. As more students realize the qualifications companies require, especially specific skillsets, students are becoming less incentivized to obtain the traditional 4-year college degree, causing a shift to nondegree training or certification programs. This raises the daunting question: Is vocation the new motivation?
Soft Skills Dictate the Capabilities of Professional Development Services – Part 2
As a continuum to our last blog, we will discuss how corporations can effectively acquire, retain, and refurbish talent in order to remain competitive and meet increasing technological consumer demands. The good news is that solutions are in plain sight. In fact, Infosys, a global leader in next-generation digital services and consulting, has delineated strategy to help corporations address the talent needs of today and prepare for those of the future. Now how to best implement and execute these strategies?
Soft Skills Dictate the Capabilities of Professional Development Services – Part 1
In a world where digitalization has become the standard, there is an unwavering consumer demand for new, innovative, personalized content. Since change in consumer demand is the only constant, digital transformation has become imperative for all businesses in order to remain competitive. Digital transformation means more than delivering and embracing new technology; it encompasses change in thought and organizational culture. It often requires restructuring of business models in a way that proactively seeks to understand customers while innovating ways to captivate changing needs. Today, it is apparent that the most effective way to meet the digital demand is through digital talent. However, instead of creating new job titles, most companies prefer to retain quality, tenured employees while modifying the required skills of their current job positions. In order to do so, companies must continue to nurture the skill sets of both existing and newly acquired talent through professional development services, creating a culture of lifelong learning.
Coming up the Learning Curve: The State of Adult Learning
The importance of adult and continuing education has become increasingly clear in recent years. Rapidly changing technology and a growing population of low-skilled adults means there is substantive demand for better workforce development systems equipped to meet 21st century needs. While low government funding and high cost continue to act as a barrier for continued expansion, there are several other compelling factors that are paving the way for innovation in the alternative education space.
Education Technology – A Component Not a Cure All – Part 2
As a continuum to our last blog, we will discuss how to effectively implement education technology to spark growth in academic achievement, close the digital learning gap and talk about possible improvements that can ignite future leaders. The good news is that solutions aren’t far reaching. In fact, many have already been identified but simply need to be solidified.
Education Technology: A Component, Not a Cure All – Part 1
Schools have increasingly migrated away from traditional classrooms in favor of digital classrooms, given the fact that technology has inserted itself into nearly all aspects of human life. Educators view classroom technology to creatively engage students in course content, as it offers personalized learning opportunities rather than a “one-size-fits-all” solution. The combination of flipped classrooms, access to online content, and data that allows teachers to access student performance in real time creates an ideal, tailored learning environment. The implementation of tailored learning supports the idea of “learner variability,” a concept defined by Digital Promise, a top tier education non-profit that works at the intersection of education leaders, researchers, and technology developers to improve learning opportunities for all through the operative use of education technology. The science behind learner variability studies the range of cognitive, social, emotional, and psychological skills that each individual student brings into the classroom. Some students breeze through traditional curriculum, have prospering social skills, and benefit from a stable support system and home life. Other students may require more guidance in order to retain and regurgitate educational content, lack natural social skills, and have a chaotic home life . Digital Promise concludes that each of these intrinsic aspects must be considered to effectively customize learning and to build effective learning solutions and curriculums for students.