Category Archives: Education Market Research

AI-powered government services

The AI-Track of Indian railways is moving the govt ahead.

Indian Railways welcomes Artificial intelligence through AI integration in the rail-track schedule. Government sector envisions AI-powered government services sooner than later.

A recent update on the railway suggested how Indian railways plan to finally bring technology to play the needful time-game. Now, Artificial intelligence (AI) shall be able to become an instrument in determining the condition of rail tracks.

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Ai in Cannabis Industry.

Is the big leap here yet? Genetic libraries and AI speaks for the cannabis industry.

The basics of cannabis are fairly simple. A couple of genetic libraries in Canada are conducting advanced research while there are also a few startups coming up with AI integration in the industry. The next big thing for the cannabis industry is here.  

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The difference between machine learning and Artificial intelligence

Machine learning and Artificial Intelligence are some fancy words in the industry of technology, speaking of which, are playing a key role in the growth of tech-driven industries (almost all). Because of this, every industry entrant today strives to incorporate AI and machine learning in their business in some way expecting immediate and higher tangible returns. Many of them might not even understand the difference between the two or how it works.
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budget india 2018

Budget 2018: A Better Future for India?

Data insights suggest that a homeland grows with its natives. Human resource is crucial for the economic growth of any nation. Only when all its citizens are well-informed and in good health can the country grow.

To enhance the productivity and earnings of individuals, there should be major investments by the government in the field of healthcare and the education industry.But, how far is this theory implemented in reality?

Budget 2018 highlights

Healthcare

The healthcare investments planned for the year made the biggest newsmaker.  The three concerns addressed in the budget are

  • The quality of medical education
  • Health of the rural population
  • Preventive health care

The finance minister has stated a new National Health Protection Scheme (NHPS). It is expected to have about 50 crore beneficiaries from close to ten crore economically vulnerable families. These families are the ones in which all the members collectively earn less than five lakhs a year.

With an allocation of 2000 crores for this scheme, about 50% of the recipients are expected to be reached in the first year of implementation.

Over half of this cost will be managed by the central government and the rest of the states. This scheme is expected to run on the cashless model with Aadhar-linked formalities.

About 1,200 crores have also been allotted for the transformation of existing health centers making provisions for good quality healthcare with free drugs and diagnostics.

Although the allowance for this sector is higher for FY18 than FY17, India still spends only a little over 1% of its GDP here compared to the UN suggested minimum of 2.5%

Education

The education budget has been planned with a vision of integrating technology with education. This will provide efficient delivery methods and thus improve the quality of education.

The Indian education system looks forward to being learning-outcome based and thus the research sector is to be promoted.

The budget estimate for the education industry is about 85 thousand crores, about 4% more than the previous fiscal year.

This belies the expectations from a country where a major chunk of the population is comprised of youth who need to be honed with a good education system.

Industry analysis shows that the government should be spending about 6% of its GDP on education compared to the current allocation of 3.48%. This is also a plummet from the previous year’s 3.69%.

However, a new scheme called Revitalizing Infrastructure and Systems in Education (RISE) has been unveiled that aims at spending 1,00,000 crores on refurbishing the current system.

This is expected to be financed by the Higher Education Funding Agency (HEFA). The ST population education is also to be aided by the introduction of ‘Eklavya schools’. But no financial source for this has been stated yet.

Predicting the Impact

The two key prospects of the budget suggested by business intelligence reports are:

A merge of several schemes:

  • State-listed financial companies are to be merged to form a single mammoth organization
  • Education from pre-school to junior college levels are to be treated holistically with a merge of several flagship school schemes.

A rise of start-ups

  • In the medical industry, innovations in terms of drug development and delivery, and cost-effective diagnostics and medical devices will be encouraged.
  • The inclusion of technology in the education will require newer services allowing the entry of new firms in the sector.

Conclusion

Poor health drives a lot of families down the economic strata. So, an improvement in healthcare budgets will contribute tremendously to uplifting such groups. India’s progress towards universal health coverage has been highly appreciated. While the schemes sound good, a lot of worries prevail regarding their implementation.

On the other hand, the budget for education has left a majority of the population disappointed. Education is a crucial investment in the human capital and is closely linked to economic growth. This year’s investment is the lowest in 5 years.

Not only this, the most impactful outcomes from the introduced schemes are also expected to be seen only in 2022.

How is Privatization of Preschool Education in India Benefiting Children?

preschooleducation

In India, education for children before they go to school is a unique industry in itself. Many private players and institutes are entering this space to provide kids with preschool education services, other than only Government initiatives. The preschool market was set to jump USD 1 billion by 2012, at 36% annual growth. In the coming years, these efforts are going to scale up due to franchise model and low entry barriers to such mode of education.

What are the Market Trends, and Drivers?

The market drivers are aware of children’s education, increasing quality of knowledge distribution, and interest by private institutes. The major trends involve increased infrastructure, better school buildings/structures, and improved preschool education in India facilities, future plans, and government efforts in liberalizing the education sector more prominently. The concept for educating kids before they went to full-fledged schools emerged due to greater focus on pre-primary education programs for children.

What Gives a Spurt to Indian Pre-Primary Education?

These steps were particularly for kids in 2 to 4 years of age so that they are in better position to face the competitive edge of quality study tools employed by institutes today. The market revenue for the Indian preschool education is about to grow at 13.5% CAGR in the period of 2011-2012. Growth factors include working mothers, rise in disposable income, nuclear families, rise in demand of high quality toddler education. The organized players are Euro Kids, Kidzee etc, among others who are expanding their scope to 2nd and 3rd tier cities of the country.

E-learning- redefining the Learning Process

E-learning (or e-Learning) is the utilization of electronic instructive innovation in learning and educating. It is generally embraced by instructive organizations, particularly for advanced education. Students accessing this learning process, physically do not have to be present in a Classroom while having access to study material on the go.

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