News Roundup - 12/20
- Heather Harman
- Dec 20, 2024
- 4 min read
Our weekly roundup of education technology, workforce technology, and venture capital news.
In the rapidly evolving landscape of education technology, common themes emerge that highlight both the challenges and opportunities presented by the integration of artificial intelligence (AI) and digital tools. From enhancing personalized learning experiences to addressing the pressing need for teacher support and workforce readiness, this week's news roundup reveals a clear narrative: technology is not merely a supplementary element in education but a transformative force. As educators and learners navigate this digital age, the collaboration between human expertise and technological advancements plays a crucial role in shaping an inclusive and effective educational environment.
Practical applications and real-world impact of using AI in EdTech – This opinion piece highlights how Artificial Intelligence (AI) is revolutionizing the education technology (edtech) sector by addressing long-standing challenges and enhancing the learning experience for students while empowering educators. Rather than replacing teachers, AI acts as a supportive tool, providing customized learning paths, aiding in administrative tasks, and breaking down language barriers, thus making quality education more accessible. Real-world applications, such as AI tutor bots and translation tools, exemplify how AI can tailor education to individual needs and expand its reach. As AI becomes integral in the workforce, it is crucial for educational institutions to prepare students to navigate this landscape effectively. The collaboration between human educators and AI not only enriches teaching but also fosters critical skills essential for success in a digital world. This synergy underscores the importance of AI in shaping a more effective, inclusive, and engaged educational environment, marking a significant shift in the edtech industry.
Survey Reveals Critical Insight Into Teachers’ Technology Use and Challenges – A recent survey by SMART Technologies’ Lumio software reveals significant insights into teachers' experiences with technology in education, highlighting both the increasing integration of digital tools and the challenges educators face. With 85% of teachers using technology in their lessons frequently, the survey reinforces a growing reliance on edtech for enhancing student engagement and personalizing learning, particularly for diverse learners. However, issues like outdated technology, technical problems, and student distractions impede effective integration. Teachers are also pressed for time, with many prioritizing lesson planning over personal activities, indicating a need for time-saving resources. These findings emphasize the urgency for the edtech community to develop reliable, modern tools and platforms that not only support educators but also facilitate meaningful learning experiences for students.
Workers fear their skills will be obsolete within the decade, report says – The Global Labor Market Conference report underscores the urgent need for workforce tech companies to focus on training and upskilling as technological advancements rapidly change job requirements. With many workers expressing concern about their skills becoming obsolete, employers have a unique opportunity to foster a culture of continuous learning. The report indicates that a significant portion of workers believe they bear the responsibility for their own upskilling, yet employers must play a pivotal role by offering relevant training programs. Companies that prioritize both technical and human skills—such as critical thinking, leadership, and empathy—will not only enhance employee satisfaction and career growth but also maintain their competitive edge in an evolving labor market. Workforce tech companies should consider innovative learning solutions like Personal Learning Accounts and online courses to support this initiative.
Buffalo-Based Ed-Tech Startup Sees Growth Through Partnerships – Immersed Games, an educational video game company, has adapted to the post-pandemic funding challenges faced by schools by embedding its inquiry-based learning games into existing platforms offered by other publishers. Founder Lindsey Tropf recognized that many schools were cutting back on new purchases due to budget constraints, leading her to pivot the company's focus from creating standalone content to becoming a tool for other educators and publishers. This strategic shift has resulted in new funding opportunities, including grants aimed at developing inclusive educational tools. The company is also exploring partnerships for broader reach and product expansion while maintaining a commitment to accessibility for all learners. For other edtech companies, these findings underscore the importance of flexibility and collaboration; adapting to market needs and forming strategic partnerships can be key to sustaining growth and relevance in a changing educational landscape.
Looking Back at 2024 in Higher Ed – In 2024, higher education was marked by an array of crises that spanned financial, political, and social challenges. Overall, 2024 was a tumultuous year, highlighting the multifaceted struggles facing colleges and universities across the nation. Edtech companies should focus on developing solutions that enhance operational efficiency, support inclusive environments, and improve student engagement and retention amidst financial pressures and changing political landscapes in higher education. Additionally, they should create tools that simplify admissions processes and adapt to policy changes to better assist institutions in attracting and retaining students.
GSV 150 - The Most Transformational Growth Companies In Digital Learning and Workforce Skills – GSV’s annual list was recently announced and we are proud to announce two of our portfolio companies, Noodle and Pathstream have been included. To select the GSV 150, GSV analyzed over 2,500 VC- and PE-backed companies using a proprietary rubric focused on revenue scale, growth, user reach, geographic diversity, and margins. The 2025 cohort, heavily integrated with generative AI, showcases significant educational and economic potential, generating over $25 billion in annual revenue and reaching over 3 billion learners globally. The list predominantly features K-12 companies (48%), followed by workforce learning (46%) and higher education (31%), with a notable presence from North America (62%), India (11%), and Europe (15%).
The insights gathered from these summaries emphasize the importance of adaptability, collaboration, and continuous learning in the educational sector. As we move forward, it will be essential for edtech companies, educators, and institutions to work together to harness technology's potential, ensuring that both students and teachers are equipped to thrive in an ever-changing world. The future of education lies in embracing these innovations while maintaining a focus on human-centered learning experiences.