Artificial Intelligence (AI) provides machines with intelligent capabilities such as learning, processing, identifying data patterns, speech recognition, and others.
AI benefits the education sector with features such as personalized learning, additional educational support and assessment and student engagement. AI in education is still in a primitive stage which is expected to have many more advancements in the forthcoming years.
Artificial Intelligence in the education sector, with the help of technologies such as machine learning and natural learning, assists in monitoring the students’ capability and enhancing the learning process as per the students requirement. AI in education focuses on individual learning and monitoring which helps the students to understand the topic at their own pace. AI offers interactive and customized software tools integrated with augmented and virtual reality deployed on digital devices such as smartphones, tablets and wearable devices for students of all grades. The digital interactive content accelerates a student’s learning and understanding process. Deploying AI for education will enhance the learning environment with a special focus on implementing experimental and analytical learning, helping students to attain a clear understanding of the concept.
AI in education helps to reduce the time required for administrative tasks such as grading and admissions, which can help the institutions in giving equal focus to individual students and plan the lessons accordingly. The use of AI in the education system will bring opportunities for behavior management, which helps in understanding the behavior pattern of students through face recognition capabilities.
A major restraint that lies with AI is integration of AI-based solutions and lack of technical expertise due to complex algorithms.
The prominent players in the market of AI in education are, IBM Corporation (US), Microsoft Corporation (US), Google (US), Amazon.com, Inc., (US), Cognizant (US), Pearson (UK), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar, Inc., (US).
Other players in the market include Knewton, Inc., (US), Metacog, Inc., (US), Querium Corporation. (US), Century-Tech Ltd (UK), Blackboard, Inc., (US), Third Space Learning (UK), Quantum Adaptive Learning, LLC (US).
The market for AI in education is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The AI in education market is expected to reach an approximate market value of USD 2 billion by 2023 growing at a 38% CAGR during the forecast period 2018–2023.
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