All the industries are experiencing digitalization in one way or another. But, one industry that has seen a significant transformation amid the Coronavirus outbreak is Education.

The COVID-19 pandemic has changed education forever!

E-learning – A schoolboy boy studying at home.

Here I am listing some facts shared by www.weforum.org recently:

  • The COVID-19 has resulted in schools shut all across the world. Globally, over 1.2 billion children are out of the classroom.
  • As a result, education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms.
  • Research suggests that online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay.

The education industry was already growing high even before the COVID-19. There are numerous opportunities in the Education industry, and EduPreneurs need to learn better about the opportunities before investing in the e-learning business.

In this blog post, I am going to share a few opportunities that can address the pain points of the education industry through online learning.

Schools Closed Amid The COVID-19 Pandemic

Schools Closed Due To Coronavirus

We all are aware that schools are closed due to the outbreak. Students and teachers are looking for a way to connect with each other. So, here comes e-learning! 

Coronavirus has taught us all that online learning is more convenient and can be implemented on a larger scale. This is a brilliant opportunity for EduPreneurs to invest in the e-learning business. They can create online learning platforms for schools & other educational institutions.

Suggested Read: How E-learning Platforms Are Gaining Popularity In The E-commerce Industry?

College Tuition Fee Hike

According to the Manhattan Institute for Policy Research, the cost of higher education in the US has increased by nearly 200 percent.

Students Protesting Against Fee Hike

Colleges all around the world have been hiking their tuition fee for a long time and we have also witnessed many protests by unhappy students.

Many experts believe that academics are designing courses in such a way that it might not match the requirement of the workforce in the future. That is why usually students have to go for additional courses to gain skills that are required for an actual job. Usually, the cost of getting a degree from an online course is much cheaper than regular courses. So, this is another pain point that can be addressed by e-learning.

Reskilling or Upskilling Employees

Reskilling & Upskilling of Employees

While trying to maintain a good work-life balance, employees usually don’t get time for reskilling or upskilling. Amid the Coronavirus outbreak, most of the people are working from home. Now they have more time as compared to earlier because they are saving a lot of commuting time by not going anywhere.

This is the time when entrepreneurs can help employees polish their skills by providing them an e-learning platform. It will not just add value to the employee but their employers will also get the benefit including improved work quality, lower operating costs, and much more.

Read Covid-19 Pandemic – Opportunities in Online Learning for EduPreneurs to learn about more opportunities in the E-learning industry.