Introduction
It is no surprise that there has been a general shift towards online schools, online classes and things overall becoming more tapered toward the consumer rather than institutions over the past five years. This general shift goes hand in hand with the value that AI can provide to education.
In this article, we'll discuss the reasons why many offline education centers are going bankrupt due to just not being able to compete with the new and innovative ways people are learning.
How AI Helps Education
Imagine you had a virtual teacher, your teacher knew exactly what level your English was at, and knew the vocabulary you have used throughout your entire semester until now, then, during speaking classes slowly started to incorporate 10 new words per day, slowly started speaking faster and was aware of your interests.
Now, imagine that in a third world country where you don't have much money to go to school and it might even be dangerous for you getting to school. Imagine you needed to help your family and couldn't be constrained to an offline institutions hours. You could only study at night after you helped your father get food, or work.
Now, you can see how powerful AI in education can be. It alone can change lives by providing the ability to create personalized learning plans leveraging AI for students of different ages and levels of ability. It will also help teachers (both offline and online) track their progress over time and help identify where students need additional support.
The key benefits of AI-powered learning
Some of the benefits include allowing people to learn online, the ability to proactively and instantly answer questions, enabling people to learn for a significantly cheaper cost, in developing countries where it's not safe and cost is an integral factor in learning or not, you can really start to see how AI-powered learning, even in developing countries, will drastically impact offline institutions.
"Success in creating effective AI, could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So, we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it." — Stephen Hawking
The problems with AI-powered learning
It's a new market that is still being made. This means companies still need time to become established and optimize their AI models to better serve the issues they are tackling better.
Conclusion
AI still needs time before companies leverage it correctly to tackle all the problems outlined in this article. But, AI has hundreds of use cases just in the education sector. It is reasonable to assume you can probably expect AI and education to become a new normality in society.
While not every offline institution will disappear, but it doesn't take a rocket scientist to figure out there's a higher chance than not that they're going to lose a significant share of the market. That share will likely be taken by AI-powered tools and software. So, some offline institutions will lose out and be forced to close.
If you are growing up in a developing country, where it is somewhat dangerous and/or takes quite a while to commute to school or your academy (if you can even afford it), do you think AI-powered learning would help you?
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