Education Industry:
Identify key driver of Education Industry of current situation which is uncertain in future or will impact the future.
Adaptability of online education by students can become key driver in future for education institutes.
Artificial intelligence and other technologies are also the key drivers in the education industry.
Here we have tried to create a scenario briefly for example only.
Assume that we are running an Face to face Coaching institute of ACCA qualification and other related professional courses.
Most likely scenario –
The equal importance will remain for face to face education and online education. Increased importance of Professional qualifications and Masters qualification.
Artificial Intelligence will help tutor to explain the concept in easy manner.
Best case scenario –
Online education will remain small proportion in education and mostly post-graduation courses will run online.
Worst case scenario –
Online education will dominate and because of online education the competition will also increase and so market will become price sensitive. Gaining the competitive advantage will be difficult.
Artificial Intelligence will replace the many tutor’s jobs.