What is EdTech?

What is EdTech?

EdTech is a new generation technology field used to promote and access education. It is the general name given to a broad field that covers hardware, software and a wide variety of other tools used in the learning process. These tools help users attend classes, collaborate, interact with other users, and learn in a classroom or home setting.

The concept of EdTech is derived from the English words Educational Technology. EdTech is a vast field that encompasses not only hardware and software programs used in the form of learning known as "distance learning", or "online education", but also learning theories and research on what are the most effective ways to teach people new knowledge and skills.

EdTech Industry

While the EdTech industry has already become popular in the last ten years, it has started to grow exponentially with the catalytic effect of the Covid-19 outbreak. The industry, worth almost $90 billion in 2020, is projected to grow at an incredible 20% annually through 2028. Industry experts predict that EdTech tools will continue to grow in the coming years and there will be an explosion in demand for AI and AR-supported, VR-integrated education technology products.

What Makes EdTech Important?

McKinsey data show that the use of technology in education leads to better learning. EdTech enables hybrid learning to create an inclusive classroom environment, regardless of users' location.

EdTech's Growth

EdTech has been in our lives for much longer than we think. The computer assisted learning approach is a natural development resulting from the advancement of technology. Companies, schools and education centers were already using existing technologies such as media learning through copiers and educational films by the mid-20th century.

Educational institutions were experimenting with the use of computers in the early 1960s to help teach students math and spelling. Online courses in the modern sense emerged after the widespread use of internet connections. Today, EdTech appears in many different sizes and structures, from in-house corporate training to digital platforms offering various courses around the world and formal education.

Advantages of EdTech

EdTech offers many important benefits to everyone who uses it. Let's take a look at these advantages.

Educational scientists believe that everyone learns at different speeds and in different ways. For example, some people learn information best by reading, while others may prefer the information to be presented in audio-visual form. EdTech offers users the flexibility to access learning from the resources and approaches they find most helpful and effective.

Another of the biggest benefits of EdTech is that it allows the user to learn whenever they want and at the speed they want. The flexibility to access online courses at the most convenient time for the user makes education much more accessible to everyone.

EdTech provides benefits not only to its users but also to course providers by saving costs. For example, you can create very efficient digital courses for all your employees with a very small part of the cost of the classroom you will rent for corporate training and many more.