Emerging Opportunities in EduTech in the New Year 2022

EduTech is becoming more and more important as hybrid work and education and skilling become more acceptable.

Testing is an important aspect of EduTech. Om Narayan Rai, Head-Enterprise Business Solutions and Academia Relations at Mytat says, "Pandemic brought us to speedy automation and of course, it transformed the way businesses are conducted and the way the human race stands to the biggest challenge to life. It also brought the focus of the world on the challenges of Mental well-being and also the struggle of working women and their progress".

"While Skilling and upskilling are going to be the buzzwords for 2022, they will also mark the beginning of the human potential expansion age. Recent industry reports indicate that in order to meet the growing demand for new-age technology talent a majority of India's workforce will require reskilling in the coming months."

--Om Narayan Rai, Head-Enterprise Business Solutions & Academia Relations, Mytat

He continues, "To expand the existing digital talent pool and capitalise on digital transformation initiatives there is a need to effectively integrate cutting edge technologies such as AI, ML, AR & VR, innovation and R&D to enable next-generation immersive experiences. Along with these skills, interpersonal skills, communication, leading self and others with a focus on Diversity and Inclusion will play a vital role in building Atma Nirbhar Bharat."

Varun Chopra, CEO, Eduvanz says, "2021 has been a year of change for the world of EdTech, owing to the Covid-19 pandemic. India’s online education market has become the second-largest in the world and is expected to be worth more than USD 3.5 billion by 2022—almost five times the growth since 2019."

"With~ 40% of the Indian population between the ages of 21-44 years and unprecedented growth in the use of new technology, across Industries, the need for reskilling and upskilling the existing employees will become essential to create bespoke maps which will orient the current and upcoming workforce towards the jobs of tomorrow where they will be able to thrive.

All these will further boost the demand for education financing in India."

--Varun Chopra, CEO, Eduvanz

He adds, "Riding this growth wave, we aim to establish Eduvanz as an ecosystem for learners that encourages trusted relationships between us and our financial partners, institutional partners, investors, and learners."

This is an opening opportunity in which the IT MSMEs can diversify and take advantage of this growing field.