The COVID-19 pandemic has not spared any part of the public, commercial, or industrial sectors across the world. Along with the loss of lives, livelihoods too have faced significant damages.
To top it all, the Indian startup community and its ecosystem’s immunity against such challenges has failed miserably. However, the EdTech sector has somehow managed to stand its ground during such unprecedented times.
With schools and universities having shut down due to the pandemic-led lockdown, the education system in India has undergone a paradigm shift, with many EdTech startups having leveraged the situation to their benefit. The impact on offline education is exceedingly high and usually education in most of these cases does not qualify as an essential activity.
Due to these circumstances, it is highly unlikely that schools, colleges, universities, and training institutions in all regions of the country will start before there is a cure or vaccine found.
Talking about the professional world, up-skilling has been an extremely critical task for professionals to future-proof their careers in the current scenario. Aligning with imminent economic downturn, companies have had to cut non-core jobs.
The evolution of EdTech has been similar to any other pattern of industry transition. Technology had initially supplemented the ongoing way of working that had been followed by reaching the level of replacing it with a more cost-efficient way and most dominantly by improving upon the way of working to reach a totally different level of experience, that would otherwise have been impossible without the technology.
COVID-19 would accelerate this change and post COVID-19 people would be more comfortable than ever before in learning and acquiring skills of all kinds on their mobiles, laptops, or Televisions.