Education technology and e-learning sector in enhancing knowledge management systems: The growth, financial and economical concern in Indian context Paul P.K.1, Jena Sudhir Kumar2,* 1Raiganj University (A State University), West Bengal, India 2Indian Institute of Management (IIM), Shilong, Meghalaya, India *Corresponding author: drsudhirkumarjena@gmil.com (ORCID ID: 0009-0007-9369-3780)
Online Published on 19 January, 2024. Abstract Digital Education is an interdisciplinary field of practice and advancement of technological applications in education and entire teaching-learning process. Digital Education is helpful in healthy and sophisticated educational operation as well as administration. It is important to note that ‘Digital Education’ and ‘Online Education’ is not the same but there is a misconception between these two, as Online Education is smaller than Digital Education and it convey not only Online Education but also ICT applications in Educational Management, E-Learning, etc. The ICT integration in Education Sector make Education field as technology-centric. In the last few years the Education Technology industry grown significantly, while it was started from a very low budget and during 2014-2019 the funding was about 88% with an investment of $1.8B. According to the expert in Digital Education two growing segments and area for funding are online certifications and also conducting the test. The Digital Education uses by different means user becomes doubled just in one year as per statistics. It has shown that in 2019 it was 45 Million whereas in the year 2020 the user base recoded as 90 Million in 2020. The continuous development of the Education Technology, growth and development helps in reaching Digital Economy and Knowledge Economy status in many countries. This paper highlights about the basic of Education Technology and its foundation and financial growth in India. Paper also depicts the basic issues and concern of Digital Education and EdTech and how finance and funding can be a worthy deal for advanced and sophisticated Education Technology practice. Highlights • Digital Education is the need of the hour comprises with the ICT Digitally and also ICT applications in traditional education. • The growing Information Technology in Education, Teaching and Learning lead the development of Education Technology sector and it is booming in Developed and Developing country too. • In respect of Indian EdTech Market, it is growing since last one decade but most significant growth can be noted before the pandemic and post pandemic in significantly. • EdTech finance and monetary problems may solve the issues of technological apps purchasing, infrastructure purchasing and development, finance in awareness building, content development, etc. • It is expected that EdTech industry will reach 10.4 billion USD in coming years and preferably within 2025 as per major tech-market research organizations. Top Keywords Information Technology, E-Learning, Knowledge Management, Tech-Finance, Digital Education. Top |