Is the Education System Can Take A Great Leap Forward With Technology
Many start-ups that target the education market, as technology makes it easier and more cost effective to bring education to the poorer areas of the world. This is one hot investment areas and where there are advantages, there is progress. Education is the key to economic wealth, and Horace Mann as the right states, “Education then, beyond all other devices of human origin, is the great equalizer of the human condition, the balance-wheel of the social machinery.”
But what response the richest countries of the education system that has not changed in a generation and are under budget pressures? The Government has provided programs for their start-ups seeking to improve American education process and today, investors think either fund the government for not taking equity in start-ups. On the downside, investors do not like the education system because it is very inexpensive, have long sales cycles, and avoid risk. With an emphasis on the improvement of government such as education, the investors believe there will be some start-up winners.
Last year, my local school district anticipates a budget deficit and ask parents for advice. When I take a look at the school district budget, I see their problems. They need to cut millions from their operating budgets, but 85% of their labor costs. It’s just not possible to reduce the budget in non-labor with the amount needed.
Let us step back and take a quick look at what happened with telecommunications. When the telecommunications and networking that takes a big leap forward in the bubble, the developing countries bypassed landline infrastructure and directly to wireless and cell technology. Now landlines are declining in developing countries as wireless becomes more cost-effective, capable and well liked by customers.
Education is likely to follow suit. We have been dabbling with online and distance learning for more than a decade. Technical capability exists, now just a matter of adoption. Poor countries and developing countries will lead the way and start using technology to educate the masses more efficiently. Eventually this trend will transition into the U.S. school system.
As a parent, children of primary school unable to become independent learners, they will always benefit from a constant daily attention of teachers. As children become older, they are more able to independently and by the time they get to college, students spend less time in formal classroom settings.
