Our transition into the digital world has been quite significant. We have made remarkable progress in all sectors, be it shopping online or ordering food online. There is an app solution for our every problem. We can find a better or ‘smart’ version of every product out there; from smart watches and smart TVs to smart computers, the list goes on.
The services offered are also digitalised in the online world. One such sector is education. Education has transitioned into the digital space globally at a steady rate. Elementary smart classes entered the industry with Educomp almost a decade ago and is evolving every day.
Expansion of ed-tech startups and foreign players
The Indian online education market is huge and big foreign players have invested in the sector and witnessed positive growth. One such venture is Ebix. The company entered the Indian e-learning market with the acquisition of Smartclass.
The company recently acquired Pune-based Indus Software Technologies Pvt. Ltd. (Indus) for $29 million. Ebix has 40 offices spread across the US, UK, Canada, Australia, Brazil, New Zealand, Singapore and India. The company provides e-commerce solutions in sectors such as finance, insurance e-governance and healthcare. The company is now looking to strengthen its presence in the Indian market with its latest acquisition.
Education will not remain the same in India
Indian education system provides numerous opportunities for companies to make smart developments and innovations. There are thousands of companies that provide education technology to Indian schools and even individuals. According to reports, about 900 such companies have emerged in past two years alone.
The traditional ways of providing education to our children is slowly fading as even parents are starting to appreciate the importance of tech-driven education. Smart classes and education make the child learn better and his/her interest in any specific subject is raised. Companies like Ebix will fast spread and dominate the education sector at some point.
There sure will be debates on why and how to preserve our traditional and more intimate forms of education. Technology doesn’t speak to a student directly and cannot understand his doubts and troubles. However, as the country moves forward, let’s just hope that smart education is embraced along with the traditional forms of education and both work together to make Indian literacy rates high.