Impact of COVID-19 on EdTech

Impact of COVID-19 on EdTech

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In every part of the World where Coronavirus has been detected, lockdown has been effectuated on people’s daily routine. Going to school, markets, workplace etc are prohibited in most countries.

In Nigeria, education has been affected to a great extent. Meanwhile, technology has come to the rescue for some during this period.

For instance, Mastercard Foundation’s recently announced EdTech Fellows is partnering with government and the private sector to provide access to high-quality educational materials to South African secondary school students impacted by school closures due to the COVID-19 pandemic.

In Italy for example, one of the first countries to close their universities, students are actively turning towards edtech. Digital platforms, like StuDocu, that enable students to share study materials are seeing increment in usage, with 100% more monthly users than this time last year.

In this article, we will be looking at the impact Coronavirus will have on EdTech sector during this period.

  1. Recognition: While speaking to a friend from lockdown few days ago, we discussed some of the sectors who will be winners during and after Covid-19. Well, technology is here to stay. We agreed on the fact that edtech will benefit massively from this lockdown. In fact, a friend who never knew what is edtech now knows the leading edtech startups across the world. So, it is quite easy to say Coronavirus has given edtech free publicity. In essence,  COVID-19 has enabled the education sector to realize the potential of digital learning. For the first time in a long time, it appears that the education system is ready for the digital change that has been long overdue. EdTech startups are now being hired across the world to solve the social distance instruction that has affected learning. Considering the current situation, edtech companies have come up with various online solutions to ensure that academic operations are carried out without any impediments.

2. Investment: Alongside other technology-driven sectors, Coronavirus will open investment options for investors. Computer hardware, dynamic software, semiconductors etc are some of the best sectors for investment in 2020/21, according to InvestingHaven.  During and after the pestilent Coronavirus, a lot of schools will start employing Edtech startups for services. This will open opportunities for these startups. Angel investors will open their eyes to future opportunities and sectors that are here to stay. An angel investor is a person who invests in a new or small business venture, providing capital for start-up or expansion. Edtech is no longer the future, it’s the now.

3. An Influx of Edtech Startups: Another impact Coronavirus will have on edtech is the influx of startups it will effectuate. Problems will continue to rise and we will continue to see solvers. Due to that, a lot of people will venture into edtech sector. Some may choose to render professional services, while some may serve as a consultant. The edtech sector has benefitted, fortunately, from the Covid-19 pandemic.

Continue to keep safe, readers.

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