AI-powered education
Education is also transformed by AI. Most of the innovations so far were on the side of running massive online classes. Companies like Coursera or edX are leading the way of online education, enrolling millions of students into courses from higher education institutions.
Nevertheless, more edtech companies are investing in machine learning solutions to track the progress of students and personalise their learning experience. AI promises global access to personalised education for anyone.
Advances in speech and text understanding allow AI to answer questions from students instantly, guiding them through the process along the way.
Reports from EdTechXGlobal and Ibis capital estimated that schools spent nearly $160 billion on education technology, or edtech, in 2016, and forecast spending to grow 17 percent annually through 2020. Also, private investments in educational technology increased by 32% in the last couple of years.
Coursera’s online...