Education Industry has evolved much in the past few years with a scope of digital transformation. This industry is considered to be ripe for innovation as well as disruption. With the rapid progress of Education Technology or Edtech, learning and teaching practices are gradually changing around the globe. While it is true that AI-combined technologies can offer a new opportunity for disruption, there is no denying that this latest integration in various avenues is reshaping the whole education model.
Such an advanced ed-tech market can offer plenty of new opportunities for startup founders and other entrepreneurs to grow. Let’s find out the four potential avenues that show the scope for starting a new business based on education technology.
1. Personalized Learning Platforms
In this digital era, personalized options are highly prioritized whether it is for marketing or customer satisfaction. Similarly, AI-based personalized platforms are being utilized for education where every individual can learn based on their learning styles, preferences of study, and progress to deliver a curriculum or participation in a test, interests, capabilities, and needs.
Business Idea – Create a language pronunciation coach application that utilizes users' speech patterns and offers personalized reports to improve. Duolingo is a good example in this case.
2. AI Powered Tuition Classes
Brand new ed-tech startups can utilize API of large language models like Chat GPT which can serve the purpose of a private tutor with greater attention to details. AI-powered platforms can offer individual feedback and support while adapting to the learning pace and style of the student.
Business Idea – Create an AI tutor for mathematics for the children. A friendly chatbot that helps in studies with step-by-step explanations can greatly help the kids.
3. Learning Applications Based on Skills
The rapid progress in the field of technology also creates a demand for constant skill development. With this demand, numerous skill-based learning apps have emerged in the market that offer specialized courses to help individuals acquire more skills in their respective niches. Starting from data science, and artificial intelligence, to digital marketing; there is a scope to acquire more skills, regardless of the industry. With the help of these skills, anyone can establish a micro-business that can turn into a successful niche-focused platform.
Business Idea – Virtual Reality Simulators for various real-life tools and activities such as Welding. Currently, this technology is being used in the medical sector to train doctors for critical and intriguing surgeries.
4. Collaborative Learning Platforms
Collaborative platforms are always great as they work like global classrooms with students from all around the world studying together. Though this collaborative model is used in various industries already; thanks to the cloud-based solutions such as Notion, Google Docs, and many others collaborative learning has not been on the trend yet. The concept of the digital classroom can provide value for all kinds of learners from diverse backgrounds. It can help create a global community while partnering with various universities worldwide and offering courses on a wide range of subjects. It paves the way for high-quality content without any room for geographical constraints.
Business Idea – A global book club as a digital platform where online readers from around the world can connect and discuss books together, creating book reviews.
Bottom Line
Other than these strong avenues, entrepreneurs and researchers can find more aspects of innovation in ed-tech. The continuous development of technology and digital trends will be offering more potential areas to embark on a new business.
