{"id":5657,"date":"2020-08-29T17:35:15","date_gmt":"2020-08-29T12:05:15","guid":{"rendered":"https:\/\/www.ncrypted.net\/blog\/?p=5657"},"modified":"2021-01-06T13:00:11","modified_gmt":"2021-01-06T07:30:11","slug":"how-does-edtech-work","status":"publish","type":"post","link":"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/","title":{"rendered":"How Does EdTech Work?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"644\" height=\"330\" src=\"https:\/\/www.ncrypted.net\/blog\/wp-content\/uploads\/2020\/08\/how-does-edtech-work-blog-img-644x330.jpg\" alt=\"\" class=\"wp-image-5659\" srcset=\"https:\/\/www.ncrypted.net\/blog\/wp-content\/uploads\/2020\/08\/how-does-edtech-work-blog-img-644x330.jpg 644w, https:\/\/www.ncrypted.net\/blog\/wp-content\/uploads\/2020\/08\/how-does-edtech-work-blog-img-300x154.jpg 300w, https:\/\/www.ncrypted.net\/blog\/wp-content\/uploads\/2020\/08\/how-does-edtech-work-blog-img-768x394.jpg 768w, https:\/\/www.ncrypted.net\/blog\/wp-content\/uploads\/2020\/08\/how-does-edtech-work-blog-img-778x400.jpg 778w, https:\/\/www.ncrypted.net\/blog\/wp-content\/uploads\/2020\/08\/how-does-edtech-work-blog-img.jpg 780w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\" \/><\/figure>\n\n\n\n<p>EdTech stands for \u201ceducation technology\u201d. It is a combination of IT\ntools and educational practices to enable and enhance learning. You can start\nan EdTech business to facilitate an engaging, inclusive, and individualized\nlearning experience.<\/p>\n\n\n\n<p>EdTech business targets many different niches also, such as formal education platforms for institutions, independent education platforms, language proficiency platforms, professional courses, etc. <\/p>\n\n\n\n<p>A <a href=\"https:\/\/www.ncrypted.net\/blog\/what-is-a-startup\/\">startup <\/a>or company can make EdTech work using these ways. Address one or more of these options to make money from the EdTech domain. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">What you\u2019ll learn in this article:<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#distance-learning-programs\" >Distance Learning Programs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#blended-e-learning-programs\" >Blended e-learning Programs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#massive-open-online-courses\" >Massive Open Online Courses<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#key-functions-of-an-edtech-solution\" >Key Functions of an EdTech Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#how-does-edtech-make-money\" >How Does EdTech\nMake Money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#future-of-edtech\" >Future Of\nEdTech<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#increased-adoption-rates\" >Increased adoption rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#usage-of-immersive-technologies\" >Usage of Immersive Technologies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#increased-involvement-of-guardians\" >Increased involvement of guardians<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#how-to-start-edtech-business\" >How to Start\nEdTech Business?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#understanding-of-the-market-and-user-requirements\" >Understanding of the\nMarket and User Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#create-an-mvp\" >Create an MVP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#design-develop-and-test-the-product\" >Design, Develop and\nTest the Product<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#demos-and-pilots\" >Demos and Pilots<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#purchase-and-pricing-information\" >Purchase and Pricing\nInformation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#data-security-privacy-and-confidentiality\" >Data Security,\nPrivacy and Confidentiality<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.ncrypted.net\/blog\/how-does-edtech-work\/#how-to-launch-your-own-edtech-business\" >How to Launch Your Own Edtech business?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"distance-learning-programs\"><\/span>Distance Learning Programs <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Students and teachers can participate in an educational program from different physical locations and yet have seamless classroom experience.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"blended-e-learning-programs\"><\/span>Blended e-learning Programs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>They support a combination of in-class learning and virtual learning via\ntechnology devices. They support virtual tutoring, discussions, and peer to\npeer interactions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"massive-open-online-courses\"><\/span>Massive Open Online Courses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>These are fully online courses that can be accessed by anyone, anytime\nvia the Internet. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"key-functions-of-an-edtech-solution\"><\/span>Key Functions of an EdTech Solution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Learning Platform &#8211;<\/strong> It is\nan integrated solution for administration, delivery, tracking, and\ndocumentation of academic courses and training programs.<\/p>\n\n\n\n<p><strong>Collaboration <\/strong>EdTech\ntools allow greater collaboration and interaction between teachers and students\nin an e-learning environment.<\/p>\n\n\n\n<p><strong>Gamification Solutions &#8211;<\/strong> Gamification introduces game elements to make learning more\ninteresting. It uses things like point systems, badges, achievement targets,\netc. to make learning fun and at the same time achieve the learning goals.<\/p>\n\n\n\n<p><strong>Time Tracking and Performance Measurement &#8211;<\/strong> Schools and teachers can track a student\u2019s attendance, assignments, and\nprojects. Tests and exams can be conducted and evaluated. Detailed analytics\ncan be measured and analyzed as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-does-edtech-make-money\"><\/span>How Does EdTech\nMake Money?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are many Edtech platforms which are targeting the monetary benefits in varied ways such as <a href=\"https:\/\/www.ncrypted.net\/blog\/how-does-udemy-work\/\">Udemy business model<\/a>,<\/p>\n\n\n\n<p>EdTech can be made into a viable business in various ways &#8211;<\/p>\n\n\n\n<p><strong>Licensing &#8211; <\/strong>The\ne-learning product can be sold to the customer for certain functionality,\nusers, etc. The business can charge for additional functionality, custom\nfeatures, and additional users and roles.<\/p>\n\n\n\n<p><strong>Subscription Model &#8211;&nbsp; <\/strong>Another option to make\nmoney is to offer a product to the client and charge a recurring fee based on\nsites and users.<\/p>\n\n\n\n<p><strong>Paid courses and certification &#8211;<\/strong> EdTech businesses can make money by offering courses for a fee,\ncertifications for a fee. Certifications can be valid for some duration and\nrenewals and upgrades can be offered for fees.<\/p>\n\n\n\n<p>These are some of the ways how EdTech makes money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"future-of-edtech\"><\/span>Future Of\nEdTech<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In recent times, the usage of technology has considerably increased. Let\nus look at the future of EdTech &#8211;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"increased-adoption-rates\"><\/span>Increased adoption rates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The overall future EdTech market is projected to reach <a href=\"https:\/\/www.globenewswire.com\/news-release\/2019\/12\/17\/1961785\/0\/en\/Online-Education-Market-Study-2019-World-Market-Projected-to-Reach-350-Billion-by-2025-Dominated-by-the-United-States-and-China.html\" rel=\"nofollow noopener\" target=\"_blank\">$350 Billion by 2025<\/a>. There is a great future in EdTech and skillful entrepreneurs can make money from an EdTech business venture. Students, teachers and school administrators support increased use of EdTech as it enables the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Personalized Learning<\/li><li>Broader reach of education<\/li><li>Better performance tracking<\/li><li>Improved engagement levels among students <\/li><li>Performance improvements and cost efficiencies<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"usage-of-immersive-technologies\"><\/span>Usage of Immersive Technologies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Immersive learning is imparting education\nthrough technology simulations and artificial intelligence. This allows\nincreased interactivity and access to students and teachers. Animation, 3-D\nmodeling, and virtual visits can be used to enhance the learning experience.\nAugmented reality and teaching with video, sound, and graphics are the future\nof EdTech.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"increased-involvement-of-guardians\"><\/span>Increased involvement of guardians<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Technology will increasingly support busy parents to connect to students and teachers and be up to date on what is happening in school. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-to-start-edtech-business\"><\/span>How to Start\nEdTech Business?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The EdTech market is growing by leaps and bounds. You can still start an EdTech business by implementing a well-thought business strategy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"understanding-of-the-market-and-user-requirements\"><\/span>Understanding of the\nMarket and User Requirements <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Conduct thorough research on the market, the products available, and the\npain points of users. Develop a product idea that will satisfy user requirements\nand also make a mark in the crowded market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"create-an-mvp\"><\/span>Create an MVP <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Create a minimum viable product that will help validate the idea and the\nbusiness validity of the idea. You can then decide whether to go ahead with the\nproduct.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"design-develop-and-test-the-product\"><\/span>Design, Develop and\nTest the Product<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Define and prioritize requirements for the final product. Choose the\nright technology and create technical and functional designs. Create user\ninterface diagrams and then build the product. Conduct appropriate quality\nchecks and usability tests to ensure the product satisfies business\nrequirements and performance requirements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"demos-and-pilots\"><\/span>Demos and Pilots<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Provide opportunities for educational institutes to assess the product\nthrough demos and pilots so that they can make the right decisions, and you can\nset up a business partnership<em>.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"purchase-and-pricing-information\"><\/span>Purchase and Pricing\nInformation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Provide a streamlined procurement process so that educators and students\nwill get maximum value. Customer loyalty can be won by pricing terms that are\ntransparent, flexible, and fair.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"data-security-privacy-and-confidentiality\"><\/span>Data Security,\nPrivacy and Confidentiality<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Student privacy is of utmost importance to governments, schools, and guardians. The privacy policies, data collection methods, and data security features should be clearly visible and explained.<\/p>\n\n\n\n<p>These steps will facilitate a good launch of an EdTech business. Also on\ntop of your unique Idea <a href=\"https:\/\/www.ncrypted.net\/udemy-clone\">Udemy\nclone<\/a>, <a href=\"https:\/\/www.clonedaddy.com\/duolingo-clone-script\" target=\"_blank\" rel=\"noopener\">Duolingo\nclone<\/a>, <a href=\"https:\/\/www.clonedaddy.com\/skillshare-clone-script\" target=\"_blank\" rel=\"noopener\">Skillshare\nclone<\/a>, <a href=\"https:\/\/www.clonedaddy.com\/babbel-clone-script\" target=\"_blank\" rel=\"noopener\">Babbel clone<\/a> etc also should be checked. <a href=\"#_msocom_1\">[A1]<\/a>&nbsp;<\/p>\n\n\n\n<p>The competition in the market is intense. Create and execute a clear\nbusiness plan to start an EdTech business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-to-launch-your-own-edtech-business\"><\/span>How to Launch Your Own Edtech business?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you\u2019re willing to start your own EdTech platform \u2013 <a href=\"https:\/\/www.ncrypted.net\/contact\">Get in touch<\/a> with our Edtech domain expert to have a free consultation and discuss in-depth the Edtech world.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EdTech stands for \u201ceducation technology\u201d. It is a combination of IT tools and educational practices to enable and enhance learning. You can start an EdTech business to facilitate an engaging, inclusive, and individualized learning experience. EdTech business targets many different niches also, such as formal education platforms for institutions, independent education platforms, language proficiency platforms, [&hellip;]<\/p>\n","protected":false},"author":535,"featured_media":5659,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[496],"tags":[1534,1550,1548],"class_list":{"0":"post-5657","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-models","8":"tag-edtech-business-model","9":"tag-edtech-solutions","10":"tag-how-does-edtech-make-money"},"_links":{"self":[{"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/posts\/5657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/comments?post=5657"}],"version-history":[{"count":0,"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/posts\/5657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/media\/5659"}],"wp:attachment":[{"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/media?parent=5657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/categories?post=5657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncrypted.net\/blog\/wp-json\/wp\/v2\/tags?post=5657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}