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Global Smart Education Market is slated to grow for a foreseeable future – Transparency Market Research

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E-learning has become a prominent trend across the globe as educators realize the importance of training students by using the latest technologies

The global smart education and learning market has witnessed a staggering growth over the past decade. Online learning classes were an unimaginable feat until a couple of decades ago. However, the recent trend of digital transformation has reshaped the education sector, creating room for the implementation of e-learning models. The viability of e-learning models in the current times can be gauged from the availability of the internet across various population groups. It has become easier for the masses to set up their smart mobile devices for online learning apps and activities. Therefore, the global smart education and learning market is slated to attract huge demand in the years to follow. The willingness of the masses to go digital with their daily endeavours shall drive maturity across the market.

Creation of a Digital Ecosystem

Several countries have set benchmarks to attain digital maturity in order to spur innovation and growth across their industries. This trend has fast-tracked the deployment of digital platforms that can be leveraged by various industries such as healthcare, education, and public services. Some of the prominent trends that define the growth of the global smart education and learning market are explained herein.

  • The advent of various e-learning apps that provide relevant study materials to study of all grades. This trend has helped students who prefer on-the-go study tactics over conventional revisions.
  • Several Universities offer online courses that require students to subscribe to digital learning platforms.
  • The use of augmented reality (AR) and virtual reality (VR) in the education sector has uplifted the bar of training across the sector.
  • Several schools and educational institutes have embraced e-learning as a vital component of the education ecosystem. These institutes are investing in developing adequate infrastructure to facilitate smart education and learning.

Global Smart Education and Learning Market: Growth Drivers

  • The outbreak of the novel coronavirus has compelled schools and educational institutions to discontinue on-premise classes. This has paved the way for the development of e-learning platforms for the masses. Online classes and webinars have become an important part of the education sector in recent times. This trend shall give an impetus to the growth of the global smart education and learning market.
  • The creation of a digital economy across developed nations has fuelled the development of key technologies for smart learning and education. There is a growing inclination of the masses to go digital in their daily feats.

Global Smart Education and Learning Market: Restraints to Growth

The unavailability of adequate infrastructure to execute e-learning has been a matter of concern for the education sector. Besides, poor internet connectivity, technical glitches, and other unanticipated errors are some of the problems that have restrained the growth of the global smart education and learning market. Leading providers will have to resolve the aforementioned challenges in order to grow in the market.

This News has been Published in Partnership with PR Newswire

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MiTek Industries, a Berkshire Hathaway Company, Selects OneTrust for Global Privacy Management

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OneTrust, one of the largest and most widely used privacy, security and trust software, today announced MiTek Industries, part of the Berkshire Hathaway group, selected OneTrust to operationalize their global privacy program. MiTek uses OneTrust for their global privacy efforts, including Assessment Automation (PIA/DPIAs), Data Mapping, Data Subject Rights Requests, Cookie Compliance and Vendor Risk Management.

MiTek Industries, part of the Berkshire Hathaway group, is a manufacturing building materials and engineering software company. With a global customer base, privacy plays a key role in MiTek’s extensive operation.

MiTek Industries operate across numerous global jurisdictions, and their privacy team needs a centralized system for managing their global operations and allowing for more transparent accountability. To maximize the efficiency and effectiveness of their privacy program, they implemented a range of OneTrust modules, including Cookie Compliance, Assessment Automation, Data Mapping, Data Subject Access Requests, and Vendor Risk Management.

“OneTrust has become synonymous with privacy within internal communication,” said Irakli Kheladze, Global Data Protection Officer, MiTek Industries. “OneTrust puts milestones in place, making these goals more visual and tangible, which really gives privacy some perspective.”

“Drawing together MiTek Industries’ global privacy operations into the OneTrust platform has demonstrated the power of having centralized program management, both for the privacy team and the wider company,” said Kabir Barday, OneTrust CEO and Fellow of Information Privacy (FIP). “We’re proud to partner with MiTek industries and to help build a culture of privacy across their organization.”

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Cleantech Startup Enertechnos Raises £5 Million in Funding to Boost Energy Industry and Net Zero Target

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UK clean energy technology innovator Enertechnos has raised £5 million in a Series A funding round.

Enertechnos is at the forefront of the UK’s drive towards net-zero. Their innovative cable technology reduces energy losses throughout the power network, slashing carbon emissions from wasted energy.

In a show of strength for the fast-growing company, 30% of the funds came from existing investors. The remainder were provided by a wide range of individual investors, including energy and engineering sector specialists alongside former cabinet and environment minister Virginia Bottomley.

The round was advised by Adelpha, a female-led corporate adviser private investment network which specialises in high growth, tech-enabled UK companies with a positive social and environmental impact.

Enertechnos will use funds raised for two waves of activity. They will expand their engineering team to drive the next stage of their ground-breaking R&D, and boost their commercial sales and marketing team to accelerate the global roll out of their technology.

The UK power grid loses around 8% of all electricity as it is transmitted throughout the network – accounting for 1.5% of UK carbon emissions and costing around £3.8 billion annually. This loss could power almost seven million homes each year.

Enertechnos’ cable technology – called Capacitive Transfer System (CTS) – reduces this waste by up to 47%, allowing generators and networks to deliver more power to consumers.

Enertechnos has received backing from several government programmes, and is currently working with the Department for Business, Energy and Industrial Strategy to revolutionize electric vehicle charge times. Enertechnos’ transformational CTS technology will soon be deployed by network operator Western Power Distribution (WPD) in a real-world trial.

Dominic Quennell, CEO of Enertechnos said, “The energy sector is facing a multitude of challenges at present responding to Covid-19, but we also have a commitment to reach net-zero by 2050. Minimizing waste in the energy system will be a key part in achieving this.

“The potential carbon emission savings that can be achieved by this technology is enormous and this funding round recognises the role our technology can contribute to net-zero targets. We are proud to be at the forefront of this effort, helping the UK energy sector rise to the challenge.”

Addie Pinkster, Founder and Chief Executive of Adelpha added, “We are delighted to have advised Dominic and the Enertechnos team on their recent Series A investment round, and work with their impressive existing and incoming investor base. Enertechnos is a great example of an innovative UK company that is providing best-in-class technology to reduce the global carbon footprint.

“The quality of investors in this round is testament to Enertechnos’ world-class engineering team and product, as well as their exceptional management team and highly experienced board. It’s also recognition of how pressing the climate change challenge is, and the regulatory and corporate demand for solutions that work at industrial scale.”

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Small Businesses Are Embracing the Freelance Gig Economy During COVID-19 Crisis. Here’s Why

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freelance economy covid 19

As people limit their ventures out and restaurants are forced to go takeout-only in many cities, food delivery services are seeing an explosion in demand during the pandemic.

Instacart, which delivers for grocers including Safeway and Aldi, saw the highest ever customer demand on its platform last weekend, and has the most “shoppers,” that they’ve ever had, according to the platform.

The boom in food delivery services is the opposite of what other GIG platforms are experiencing with Covid-19, as Uber driving earnings fall and Congress’s pandemic aid package which mostly didn’t cover GIG workers, according to an article in Bloomberg Law.

Research from LinkedIn and Intuit indicates the gig economy is here to stay. That’s good news for most small businesses. There’s never been stronger freelance talent to choose from, in so many skill sets and professions, than today. If you own or manage a small business, you’d be hard-pressed to identify a need you couldn’t fill with a freelancer. Freelance platforms like Fiverr, Upwork and Fabrito have seen a surge in its user base. Active companies in the markets this week include ShiftPixy, Inc. (NASDAQ: PIXY), Amazon.com, Inc. (NASDAQ: AMZN), Blue Apron Holdings, Inc. (NYSE: APRN), Starbucks Corporation (NASDAQ: SBUX), Walmart Inc. (NYSE: WMT).

The Freelancers Union’s annual report found that up to 55 million people this year – representing 35% of the total US workforce – are in the freelance workforce. The research anticipates a record 43% of the workforce taking part in the gig economy by 2020.

LinkedIn’s research also supports an increased supply of freelance hours: The LinkedIn article continued: “As small businesses embrace the gig economy, owners and managers can hire freelancers to take on specific scopes of work in specified timeframes.

When you assign your contracted worker to a pressing short-term project, it eases the stress and workload of your staff. It also brings more flexibility and agility to your budgeting. When you need to scale up or down, your hiring can reflect that without the traditional overhead that comes with employees.”

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