Predicted to become a $1.29 billion industry by 2018, technology in
the classroom is now an indispensible part of higher education.
The
rapid growth in Internet, mobile, and cloud technologies in the past
decade has touched every aspect of human life. E-learning has been
around for quite some time now, and as its popularity continues to grow
within the educational sectors its capabilities are also growing along
with it.
Today
it has become important to look critically at the learning outcomes of
training and to adapt those outcomes. Organisations do not require an
endless accumulation of general knowledge anymore however the focus is
more on skills that help institutes to save money as well as increase
effectiveness. At ITM, we have developed an e-learning platform that
leverages the aspects of digital learning, social collaboration and
student generated content to create a live community around each course
and subject.
Students are encouraged to add and modify the
content of a course, through their research and original contributions,
which are 'voted' in or out of the curriculum by their peers. By making
the e-learning platform mobile, students are constantly engaged with the
course through their smartphones. This makes the learning a dynamic
experience.
In the near future, universities will not survive as
the future is outside the traditional campus and outside the traditional
classroom. As per the Docebo report issued in July, 2014, the worldwide
market for self-paced e-learning reached $35.6 billion in 2011. The
five-year compound annual growth rate is estimated at around 7.6 per
cent so revenues should reach some $51.5 billion by 2016. While the
aggregate growth rate is 7.6 per cent, several world regions appear to
have significantly higher growth rates. The highest growth rate is in
Asia at 17.3 per cent, followed by Eastern Europe, Africa, and Latin
America at 16.9 per cent, 15.2 per cent, and 14.6 per cent,
respectively.
Looking at e-learning in India, research indicates
that the industry is set to reach $1.29 billion by 2018, while some
highly optimistic sources claim that the market is much bigger, sizing
up at $40-60 billion by 2018. Regardless, its generally agreed that with
current annual growth rates of 17-20 per cent, the industry is poised
for significant growth. Already, India is a major source of e-learning
content and development for the world market, thanks to our low-cost and
highly educated workforce in higher education.
But the story is
not limited to individual learners. Indian companies are adopting
e-learning platforms at a rapid pace. Continuous employee learning has
become a strategic necessity and leading companies are adopting
e-learning to push both micro-learning and qualification focused
learning objectives among their employees.
With Indian internet
users expected to cross 250 million this year, rivaling the US and
second only to China, India's potential as a huge market for e-learning
is unchallenged. A large number of new users are accessing the Internet
the first time from their smartphones, which is an ideal, personalised
and commerce enabled platform for e-learning adoption.
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