When it comes to challenges, public budgets in most ASEAN countries are not sumptuous. Most have made immense strides in providing widespread access to schooling but still, struggle with raising the quality.
FREMONT, CA: Today education is highly esteemed in fast-growing Asian states. The issue is how organizations can provide quality education for the millions, from big cities like Hanoi and Bangkok to remote rural areas. While several nations push to advance their school systems, new waves of Education Technology (EdTech) firms are entering the scene. The businesses are starting to offer solutions that can transform the learning process.
EdTech is a developing growth sector throughout the region as many companies have launched products and services benefiting universities and schools. There are mobile applications children can use to learn necessary skills through quizzes and digital games—the platforms link students of all ages with online educators. Additionally, some tools offer practice tests, referrals, videos in different subjects along with a chat function for access to a standby tutor, in case one gets stuck. So, a close look in the advancements reveals new twists that have broader potential. Startups in other EdTech niches are doing prominent work, too. So let us see how the social and market forces are bringing forth the entrepreneurial organizations.
The Paradigm Shift
Skilled workers are required to ramp up the rate in the growing economy of any country. On the other hand, parents want a bright future for their children, and post-secondary education has become the goal for many students. Besides, each one wants or needs to learn English that makes the language instruction a growing field.
When it comes to challenges, public budgets in most ASEAN countries are not sumptuous. Most have made immense strides in providing widespread access to schooling but still, struggle with raising the quality. The conventional way would need training enormously for top-notch educators and sending them all over, followed by curricula and resource upgrades to bring in exceptional standards. As the growth of mobile and internet access becomes more extensive, the contemporary approach paves a new path to facilitate the instruction and to multiply the impact on each person. So, learner-centric platforms assisted by technology will help democratize access to quality teaching and content and will scale quickly across the region.
One-stop Education Platforms
The rising demands for one-stop educational platforms are the present scenario in the education industry. For example, a Singapore-based edtech enterprise offers content embodied in digital materials like learning applications for learners and lesson plans for teachers. These types of applications bring with them new state-of-the-art and interactive curricula on a unified platform, which is cost-effective. Another platform that presents online guides to educational resources is a Malaysian website. The site offers thoughtfully written careers on a broad range of fields, from computer science to culinary arts.
Finally, there are multitudes of institutions teaching English who have taken off as rising incomes because of people’s rising aspirations owing to learning the subject. As China is a key player in the league, one particular online tutoring firm that rode $15 million round of series B financing has now expanded in Thailand and the Philippines. Overall, the prime opportunity for EdTech in Southeast Asia is that it is less coupled to legacy institutions and systems than most places, thereby opening new possibilities in the field.