The new National Education Policy will bring along a host of opportunities for ed-tech players

The new National Education Policy will bring along a host of opportunities for ed-tech players

The National Education Policy 2020 is cathartic indeed. It has finally done away with rote learning and is looking at creating a modular and multimodal outcome-driven education system for the students. The NEP is aiming at introducing a pedagogy, which will focus on learning through local languages and also help develop a mathematical and analytical mindset. The policy is also looking at bringing a new assessment system, which will be digitized. 

The role of technology will get a significant impetus through the NEP, and this covers all aspects, from teaching to learning, and from assessments to governance, credentialing, analysis, personalization, etc. 

Let us see how this will happen.

Boost AI use case

Companies are using AI to build intelligent systems for themselves, that can diversify their offerings. Companies can now design and build AI-powered interfaces that will be able to comprehend how every learner interacts with content, track their performance, and also help to promote productive learning. 

AI-powered deep learning algorithms help identify gaps in the learning cycle of the candidate, and also provide customized content to meet the needs of the individual. This will then also reduce the burden on the content developer. 

Increased scope for platforms as a service

The NEP will also help to give a thrust to ed-tech companies, that work towards building comprehensive technologies like ERP Softwares, Learning Management Softwares, Assessment Platforms, online labs, etc; mainly because it will allow the entry of online players in the education ecosystem. 

Boosting technology in the classroom

Ed-tech players have majorly dealt with online education till now. At the same time, the NEP will also encourage digitization within classrooms. Therefore, this will pave the way to create innovative products and content within the classroom; and companies can indulge in designing immersive technologies for the same. Overall, technology will make learning in the classroom a lot more interactive and engaging. 

A surge in content providers

With the NEP making way for the entry of more online players in the market, we will also see a huge business opportunity for the online learning sector. Thus, a spike in content providers is also expected. Schools and universities will also now be on the lookout for advanced content and are most likely to collaborate with content providers for the same. Creating content for children with disabilities will be an added avenue in this space now. 

Opportunities for niche ed-tech players

NEP focuses more on skill development, and therefore niche ed-tech players, especially those that deal with language-based learning, analytical skill development, game-based learning, VR and AR assisted skilling will be able to capitalize on the situation. 

Peer learning platforms and online tutoring will have an important role to play, since now students will learn, not just from their teachers, but also from their batchmates. Companies that focus on teaching new skill sets, coding skills, computational skills, etc. will also be much sought after. 

Discarding the ancient grading system

Companies that focus on adaptive assessments, career counseling, and competency tests will partner up with institutions to improve learner outcomes. Others will develop new products to improve productivity, and also aim at bringing accountability and governance in institutes. 

Unconventional credentials

Companies that have expertise in blockchain technology will help to build vibrant learning ecosystems that are equitable, modular, learner-centric, and resilient. This will potentially release a wave of innovation around learner data, and assist in ending paper-based certificates. 

The new education policy is all set to change the broad adaptation of technology. Technology-enabled education is the solution that will break the complicated relationship between cost, scale, and quality. 

Finally, we have an education system that will allow an equal and excellent mechanism to thrive well.