Why E-Learning is the Echo of the Present and the Future?

Why E-Learning is the Echo of the Present and the FutureDid you know, e-learning consumes 90% less energy than the traditional classroom courses since it doesn’t require travel or paper documentation? Though ecology isn’t the point of debate today, but it always feels good to contribute to a great cause. Well, back to e-learning that’s creating ripples across the industry and you have no choice but to ride this wave.

Thanks to the digital revolution and increasing network connectivity, e-learning has opened new doors of learning that is mobile, personalised and even self-paced. A report by Research and Markets forecasts that this sector will grow to a whopping $325 billion by 2025. Be it students or business executives, the broadband of online learning ensures you never stop learning new things in life. Just FYI, the average age of an online learner today is 34 years.

If we specifically talk about India, the online education market is set to grow to $1.96 billion and around 9.6 million users by 2021, according to a KPMG report. Moreover, primary and secondary supplemental education will be the largest category at $773 million growing at a compound annual growth rate (CAGR) of 60%. With a 175% increase in the cost of education from 2008 to 2014, online education provides a low-cost alternative. The KPMG report also states that, “Online skill enhancement courses are around 53% cheaper than offline alternatives.”

Here’s a look at some of the emerging trends that will revolutionize this industry further in the next few years:

Artificial Intelligence: AI can not only help students realize their weak spots but can also help overcome them easily with no fear of judgment. Wish, the world was like that too. Plus, it offers a swift delivery cycle.

Augmented Reality/Virtual reality: Immersive technologies like AR and VR offer huge scope to make learning more practical and easy to grasp. At the end of 2017, it turned out that the PSVR by Sony sold about $500 million worth of units. These techs give a simulated learning environment to the learner that helps them to develop various skills. Many companies such as Walmart have been using VR for employee training.

Gamification: Though games are already being used by many e-learning platforms to help students clear their basic concepts, this area still has loads of potential in the education industry. Gamification could also be used as a tool for social learning along with other features like discussion forums and live chats.

The job seeking population of India is growing at an exponential rate, with around 280 million job seekers expected to enter the market by 2050, which is leading to a growing demand for industry relevant training. This will further facilitate a demand for on-the-job training courses with a stress on quality education, which is where e-learning will come in handy by providing a plethora of open courses affiliated by international universities. It is expected that enrolments in distance learning and open courses in India will rise to around 10 million in 2021.

But all this will be futile if we do not strengthen the foundation of students at the primary level. K-12 education landscape in India has been suffering because of the lack of quality education in schools. With university cut-offs touching 100%, students are craving for excellence. And this is where Extramarks is helping students. With personalised learning materials, based on the performance, unique needs and learning curve of each student, it has developed tools that can provide students the much-needed edge. Students’ understanding of complex concepts are improved, thanks to the interactive and highly visual content.

Remember, “Online learning is not the next big thing, it is the now big thing.” So, don’t miss the bus!