Is Edtech the next Fintech?
Fintech has been heralded by worldwide investors is the fourth Industrial Revolution. Fintech has revolutionized the way that we see financial institutions, trade internationally and do business worldwide. Explaining the idea of intact in its earliest stages would’ve been massively difficult bite global funding today has peaked at $5.3 billion in the first quarter of 2017 alone. Fintech is massively on the rise and investment in Fintech continues at a rate of up to 70% its initial figures on last year. New startups are beginning every day and the consumer demand for these digital services and innovative products continue to motivate markets. The demand for fin tech is only increasing as well with many customers from the top financial institutions suggesting that they would leave their financial institution if they were not able to offer the highest and most up-to-date technology.
One of the reasons that fintech is so successful is because investors and startups were able to identify this early and initial shift in society. With the demand for digital services and innovative products a number of companies were able to begin and offer the most up-to-date technology as well as the development of technology for the future of fintech. As the demand for easier financial services group the technology had already made a proper pivot point in which new companies were emerging to match investor curiosity.
Venture capitalists throughout the world began investing in fin tech startups like crazy. Even in just the UK and Ireland over 461,000,000 pounds word doled out by investors to fin tech startups between 2008 and 2013. Through this investment companies were able to offer technology for transferring funds over smart watch tech, easily transferring funds through digital apps and more.
There is absolutely no doubt that Fintech represents a huge opportunity for investors and a fairly safe bet and an industry that has revolutionized our world in a similar way to the Industrial Revolution. By changing up traditional concepts in financial services EDtech represented a massive industry for growth but recognizing the next new industry for investment in rapid growth is becoming a concern for many investors.
Edtech may well represent the future and an industry that investors can begin to transfer focus into. There are a number of big reasons why Ed tech is represented as one of the biggest forecasts on the radar for top investors. While there are still excellent opportunities in the fin tech industry, the new rise of digital education and the full digitize Asian effort of many college programs is continuing to generate chances in the financial industry. Ed tech is actually set to grow over 17% every year starting in the year 2020. Although this represents a fairly long-term investment for many, this is a trend that cannot be ignored especially when the actual pivot point in the market occurs. With this type of growth ongoing it extremely difficult for investors to ignore the possibility of getting in on the ground floor and seeing the maximum amount of growth.
Ed Tech represents the massive transition within education that was present in the financial market with the inclusion of fin tech. Over 100 years the educational model and the idea that physical university has not changed and Ed Tech represents a very digital method of changing the setting and changing the overall idea of making education more interactive as well as enhancing the learning experience with the help of digital products. Teachers today are beginning to leverage technology to improve their lessons, to reach wider audiences and to continuously make learning experiences more interactive for students. As the demand for these types of products increase Ed tech represents a future in making classroom experiences better than ever before.
Edtech is also on the rise because it’s becoming extremely important and almost indispensable for many students internationally. The competition within the job market is quite severe and there is a relative digital skills gap in society. Digital technology has become the core of almost every industry and with educational technology it takes time for the next generation of students to build up the skills they need to have success in a sector as well as generate the qualifications that they need to succeed. Edtech is achieving partnerships from major universities worldwide and a number of different institutions are continuing to export their programs into an online space to open up their programs to a wider audience. Edtech represents an excellent opportunity for many companies to continue profiting through the digitization of their online programs as well as the chance for universities to expand and improve their tuition rates through the inclusion of international students. Ed tech also represents the chance for many international universities to open up their programs to staff members who can deliver important improvements to an audience that normally wouldn’t be able to reach their physical brick-and-mortar school or secure a place within a limited classroom environment.
For further evidence that Ed tech is becoming the next fintech, there are over 1000 new Ed Tech startups building across Britain and the UK alone. This still occurs even with the implications of the Brexit and other investment factors weighing heavily over top of the startups. Edtech still remains an extremely secure bet amongst many speculation investors because it will remain completely sheltered from the political landscape. Edtech is an opportunity on a worldwide and international stage and as a result. This means that local economies offer little to no effect on changing the overall outcome. Even the local university could stand to profit offering their courses to a worldwide audience are partnering with a worldwide university involved in EDtech. This represents an extremely attractive investment opportunity for many who are living in Britain right now. With so much uncertainty surrounding various investments there is nothing but a hopeful outlook for the future of EDTech.
The number of universities that are beginning to partner with EDtech companies and even offer affiliation with online programs is also astounding. Major universities like MIT, Harvard, Oxford and more are converting to digital programs and even short-term classes. These offer the chance for international students to take up programs which are short-term, affordable and still very prestigious. All of the study subjects and items need to be converted and then hosted on a reliable platform however and this is where so many of these upcoming startups are gaining investment traction and building towards the future. As soon as major players begin to come to the table with EDtech it not only prove the legitimacy of the system but its rise to fame in as a digital startup investment.
Many Edtech experts are even suggesting that the wave of Edtech investment is not only on the rise but it’s actually here. With the chance to see investments continue to skyrocket from 2020 and beyond, now could be the time to get in on an investment extremely reasonably in the ED tech industry. While Fintech took time to take off, Edtech is still in its early stages directly after the pivot point of the trend. Growth is set to absolutely skyrocket in the near future and this will bring even more opportunities for investment in EDtech.
This means that if you were considering investing in Fintech some years ago or you are interested in building your portfolio by diversifying, now could definitely be the time that you should consider investing in Edtech as a means to build up that portfolio and plan towards the future. Ongoing Edtech investment is set to rise internationally and the upper education initiative is currently valued at nearly a $2 trillion industry. With digital colleges and university programs eating up a larger portion of this revenue, the chance for investments and further profits within Edtech is only continuing to rise along with the demand. Students love the idea of getting into a program for 10 to 12 weeks of receiving a qualification and this is exactly what Edtech can deliver in the future as well as today.
Keep in mind that the demand for education is increasing and the competition within the job market is increasing alongside it. With so many companies demanding extensive skills in order to join their workforce, many individual employees are required to seek out new programs and new methods for upskilling and setting themselves apart from their workplace competition. Ed Tech represents one of the newest and most accessible ways to build qualifications for the job market as well as conveniently acquire educational resources during the course of working full time.
Ed Tech is also lowering the cost of international education and ensuring the more people have access to the programs that they require wherever they may be in the world. These types of initiatives are really offering more hope to the future is still in the workforce which is well worth investing in as well as the digitization of education which is an ongoing trend for profitability.