Things which are responsible for leading Edutech-industry.
I have been writing this blog to give people an idea of the positive and negative of the Edutech industry. According to the research, many Edutech industries have great advertisement but they are high on capital and provide low-quality products. Its up to us to have the right choice to choose one for your kids. I have some thoughts that can help the Edutech industry to release quality products for the present generation of kids. These are some responsible factors.
1. Must have some idea of the history of Education.
Those who want to grab a lead in the Edutech industry must have deep research on the history of Education. Research-based on failure in the past and focus on what can make this mistake to lead the future.
Develop a product that has an identity over years of repetition over time. Today kids need learning which can be more pictorial than boring theory class that takes a lot more time. Having some idea about history can put a long-lasting impact on the audience.
Winston Churchill is famous for his impactful words, he used to say “Those that fail to learn from history, are doomed to repeat it.”, this can save the Edutech industry from losses that are done in the past history of education.
2. Make your Edutech product up to date
According to my research overgrowth of Edutech research resulted in 8% growth till 2022. Today people are more on the digital side of the education world, they need to be more prepared for future needs, so products of the Edutech industry need to be more aware of new concepts of the education system to fulfill the needs of the audience you need to serve.
The industry will swell over $1.7 BN in sales by 2022. New concepts of products can be the center of attraction for the new digital world, as we all know today students shifting to online education rather than offline classes. All we need to validate products because students need to know the effectiveness while purchasing products.
In these 8-10 months, a huge no of entries is done in online class products, where buyers use to purchase products which have a great need in future.
3. Maintain quality over time
If you need to achieve success in the Edutech industry, the significance of product quality over time will prove it more effective. Products should be designed to maintain a better understanding in less time, people will love to go with an interactive class and not with a prolonged one.
As history tells it takes time to achieve a height that a product has been used in the classroom but now it is possible in less time by improving the quality and strategies of teaching which proves more successful, more early.
Focus on products based on schools and college courses with providing a product with effective learning, this helps in maximum entries. Mandating that the Edutech industry will be based on quality over time and capital.
4. Need for educators in the Edutech industry
Every industry needs to prepare their students for competition, so firstly they need to hire more educated faculty members for providing knowledgeable time for students. New generations are more comfortable with “ in short, a lot” this can be done by educated members present in the industry.
Every year the Edutech industry is growing more than one billion dollars which results in competition for a big revenue and opportunity to make a market with a reputation. This point had a great significance to have a label of success in the Edutech industry.
5. Be familiar with the market
Its a very important aspect to have a deep understanding of market needs. Products based on market research hit more early among people because thats what they need the most!. Marketing strategies should be made with the motivation of students as well as teachers, with a cost-effective figure of the product. Startups should be more aware of the market.
6. Have to focus on feedback
Customer feedback will give you an idea for upgrading with products. Startups can provide free products where feedback helps in the development of new products according to customer needs. Focusing feedback will gain customer trust which results in regularity. Feedback is just like a mirror to the industry to learn a lot more about the market needs.