Technology and software have been a part of education for over 20 years. However, the usage of AI in schools has increased a lot since 2020. It’s a huge market with potential for even more expansion over the coming years.
More students and educators are becoming familiar with AI software nowadays. With this in mind, we have come to wonder “What’s the future for EdTech AI and the student learning process?”
Keep reading to find out more about how AI can help students learn, what are some top EdTech AI startups, and how these are shaping classroom learning today.
The EdTech Solution Market in 2024
AI has become a staple in education over the last few years. It’s used in various ways to automate tasks and manage diaries and schedules for pupils and teachers. It also assists with creating learning courses and study aids.
AI in EdTech products and AI tools are becoming more powerful. It’s a technology that has contributed to the growing number of startups making waves in improving and streamlining learning processes.
How Is AI Being Used in EdTech?
Artificial intelligence is being used in EdTech to bring about more efficient processes for educators and students. Data science applications in education aid with tracking academic progress, producing study materials, developing personalized learning programs, and even creating the world’s largest student databases.
Newly founded education startups use artificial intelligence in many different ways in the classroom. We mention how AI can be used in educational settings below.
Adaptive Learning
Artificial intelligence creates learning paths that are based on the individual needs of a student. This means every student can receive personalized support from educational institutions. AI tools can also help students study at their own pace, too.
If one student is falling behind, the AI solution can understand this. It can then adapt a learning program to create tailored lessons suited to individual learning styles.
Content Creation
Next is content creation. AI technology provides schools and colleges with the means to produce various types of content. EdTech companies, for example, create solutions that turn text into video and craft study guides.
Marking and Grading
Some startups are now developing tools that can examine oral and written responses on different assignments. This can be helpful in situations where language learning takes place. An AI Grader can give feedback and assistance to educators and students.
Moreover, students can use tools like an AI Rewriter to help them improve their writing skills.
Accessibility
For students who have sight or hearing challenges, AI can make education more accessible for them. Artificial intelligence offers text-to-speech and speech-to-text solutions for study guides and more. An intelligent reading assistant can read a page out loud to a student who struggles with hearing, for instance.
Also, consider a student who is migrating to a different country. AI can use natural language processing (NLP) to reinforce language concepts and help students learn challenging language concepts.
How Big Is the EdTech AI Market?
It’s a big marketplace. As of 2023, the EdTech market was worth $340 billion. Since 2021 there has been steady and increased growth, leading to revisions of how much the industry is worth. Back then, the value of the industry as a whole was $11 billion.
There has been year-on-year growth of almost $200 million in those three years. The numbers are high. The reason for this is that everything from classroom management products to language learning apps is effectively managed by EdTech.
The 6 Most Popular EdTech Startups in the Industry
With that in mind, here are six EdTech startups that have come to prominence during this time.
1. Squiz
This innovative company has an AI-powered search solution that is a game-changer.
They use NLP and machine learning to comprehend user intent. This means they can deliver relevant search results. Students can quickly get the information they need – from timetables through to university news or even exam results.
Squiz offers a user-friendly experience for all who use it. This means that student and educator satisfaction is increased and better academic results are achieved.
2. Riiid
This South Korean company has been around for a decade now. They use AI to provide personalized and adaptive learning solutions. As a company, they believe AI works better than traditional textbooks and lectures. Their platform highlights student performance and offers tailored study plans to help learners get the best outcomes possible.
Riiid’s first commercial AI project, Santa, was launched in 2017. Here, they gained one million unique users in the Korean market alone. Three years ago they made the CB Insights AI 100 list of startups shaping the industry. As of September 2023, the company has received a total funding of $256.7 million.
3. Halda
Halda is a company that creates AI-powered, personalized website experiences for students and educators. They offer personalized information to schools to let them know where they’re doing well, and where they need to improve.
Their AI-driven algorithms learn from website behavior. This creates interactions that move prospects through every stage of the enrollment funnel from start to finish.
Their dynamic landing page is very interesting. It gives students personalized information on topics like scholarships, application assistance, and program details, with opportunities to learn.
Some schools even use this AI EdTech solution to help students with decisions on things like which university offer they should accept.
4. Sana Labs
This EdTech company creates personalized learning experiences through AI technology. Their platform uses machine learning algorithms. They do this so they can analyze students’ behavior and preferences.
They have a wide range of custom learning paths and content recommendations for everyone.
5. Carnegie Learning
Carnegie Learning is an education technology award winner. Based in the USA, Carnegie provides learning for tots through to K12 students. It bases programs on AI approaches to create math and science timetables that adapt to the needs of each student.
They use AI to give personalized learning experiences and analyze how students respond to math and science challenges. This allows for targeted support for more effective learning. The company assists educators in understanding individual students’ unique learning processes and requirements.
The company has developed a product called MATHia Adventure, which is based on how children see the world. This software aims to turn math practice into meaningful play and learning opportunities.
6. Udacity
Founded 13 years ago in California, this platform uses artificial intelligence to create personalized learning pathways.
Then it creates AI-powered assessment and feedback systems. It also provides AI-driven content recommendations. It’s different from some of the other platforms we’ve looked at. It has a specific specialism in nano degree programs in AI, ML, robotics, data science, software engineering, and science fields.
As it is niche-focused, learners will get industry-specific content that aligns specifically with the technology and science fields.
There are lots of interactive resources and expert guidance to enhance learning. They want to make education affordable and accessible for all.
Benefits of AI in EdTech: Why Use AI in Education?
There are several reasons you may find AI tools useful in education. We have outlined some of them below:
- Automation: AI algorithms are capable of completing automated assessments and grading, completing reports, and analyzing students’ performance. This means teachers can spend more time with their students and less time on admin.
- Student performance: AI can offer guidance on student performance and provide answers that help improve their prospects. The learning experience, therefore, becomes more personalized.
- Mentorship and tutoring: The introduction of AI assistants and chatbots helps students improve their skills without the help of a teacher. AI tutors offer a more swift response to student queries. On average, these chatbots aim to answer a question within three seconds.
- Personalized learning: A huge part of classroom learning is trial and error. However, students and educators can often worry about the prospect of failing. AI allows teachers to tutor students in a safe, nonjudgemental environment. Virtual classroom solutions offer highly individualized plans so that students can improve their learning on their own terms.
AI for Educational Empowerment
There is no denying that AI will continue to transform the educational landscape over the coming months and years. There are always new companies joining forces and creating exciting pathways to learn. Many EdTech companies want to create AI learning experiences that are highly personal and adaptive.
AI-driven insights help bridge the gap between educators and learners. They facilitate engaging educational content creation. Lastly, they make learning enjoyable. Most important of all, AI has the potential to make education more accessible to students everywhere.
Use a Top Tool Like Smodin AI for Your Educational Needs
There are various EdTech AI startups to help you in the classroom. However, you can also use AI for your personal needs. From language learning to improving your writing skills with an essay writer, Smodin is the right tool for you.
Whether you require an AI Writer or simply want to know how to check for plagiarized content, Smodin can help. Let Smodin lead the way when it comes to excellence in EdTech and your own needs. Try out our superb range of AI solutions today.
Frequently Asked Questions
How can AI be incorporated into education?
There are various ways AI can be incorporated into education, effectively. Using software to automate tasks or utilizing plagiarism checkers, for instance. AI tools can also be used to manage timetables and offer individual learning plans to students.
What are the benefits of AI EdTech in education?
From personalized learning to increased efficiency when it comes to implementing admin tasks, these are just some of the benefits of using AI in education.
Every educational establishment can use artificial intelligence in a way that suits them best.
Are there any challenges or considerations when using AI in EdTech?
The main challenge is that AI in EdTech has to be used ethically. Educators must ensure these software tools are used responsibly and lawfully. One of the best ways to make sure this is done is to offer proper training and guidance to staff. This way they can ensure the tools they use are managed appropriately.