Wednesday, 9 January 2019

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Simulated video lessons are the future of e-learning

India has three unique problems. We have a dropout rate of 70%+ (by Class 12). We have 300 million people who will enter the workforce without any formal degrees or have recognition from a lesser known institute. Also, traditional education is not engaging enough.
These problems can be solved with interactive video-based learning and Artificial Intelligence (AI). INTERACTIVE VIDEO The future of e-learning is the combination of movie-like video courses and interaction similar to a game.
Our country needs a platform where movie-like video courses meet interaction within the video. This means that as the video progresses, the learner’s choices create different endings. A learner’s autonomy is critical as they drive the lesson forward. She or he must make mistakes and figure out the incorrect choices that lead to a disastrous ending. Video lessons will become more of simulators than passive viewing experiences.
A lot of fintech companies need to train their employees on basic valuation skills. For instance, a course on ‘how to value a company’ can begin with a video that teaches the valuation method. Next, the learner is given a choice to select one out of the three companies that are present within the video.
The actor in the video picks up the company the learner has selected and the story moves forward. As the next quarter earnings come, the learner again has the choice to stick to the company or exit. By simulating the decision process, humans would have created a new approach to ‘learning by doing’. HOW AI CAN TEACH AI will be used in assessment and test-taking in the future. Today, objective type of questions plague our test-taking world. These type of questions stifle creativity and critical thinking.
Technical subjects like coding or engineering math will always be best suited for multiple choice questions. However, any form of higher order thinking needs you to think in terms of possibilities and open-ended questions.
AI can be used for test- taking to simulate ‘real world’ problem solving using natural language processing. This subset of AI engineering tries to take long form text and find meaning out of it. With this technology, test takers can write long form answers and give solutions to problems just like in the real world.
We are the largest young force in the world with a massive number of under-skilled workforce. The hope is that e-learning platforms will reinvent themselves to improve the prevailing issues in the sector.
Source | Hindustan Times | 9th January 2019

E-learning leading industry in education sector: Report

According to VCCEdge, comprehensive research platform for private markets, e-learning and education support services are successfully gaining investors’ attention with 30.7 percent share and 26.6 percent investment share out of 136.8 million of funding received by Education Sector in CY2018.
Education institutions and schools have started to shift their focus towards personalized education in order to cater to the different needs and learning styles. There are many techEd companies which provide online certification and online training courses which are being preferred due to their convenience. Edtech companies are personalizing the learning experience and making the pedagogy more interesting by incorporating innovative solutions around augmented reality, virtual reality, gamification in the education sector. “Integrated learning solutions which seamlessly combine print books with digital learning aids, hold great potential in the coming years as their demand is expected to surge significantly owing to infrastructure issues with the Indian education sector. Formative assessment solutions that analyze social and personal competencies to test the learner’s progress alongside curriculum delivery would gain significance due to their adaptive, personalized experience,” says Shalil Gupta, Managing Partner - Research, VCCEdge. Primary reasons for this rise in Education sector are mainly the demographic advantage, internet penetration and support from Government. This translates into a huge opportunity as the target market is more than 50 per cent of the population. Also, the rise Internet/mobile penetration in tier 2 and tier 3 areas, the education sector has huge opportunity to find the gap and tap the untapped market along with a shift in the way learning is approached by children, parents, teachers and institutions. “The shift to online learning is swiftly altering the competitive environment. Educators, students, parents and entrepreneurs alike are looking for new ways to harness technology to improve student achievement,” says Sahaj Kumar, Research Manager - VCCEdge. —ANI
Source | Daily News Analysis | 8th January 2019