# The importance of global collaboration in the EdTech sector
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2016-11-01
Category: TECHNOLOGY
Category URL: https://financedigest.com/category/technology
Meta Title: How EdTech is Revolutionising Education - Ben
Meta Description: Discover how digital tools are transforming the education sector, improving learning outcomes and providing new opportunities for students worldwide.
URL: https://financedigest.com/the-importance-of-global-collaboration-in-the-edtech-sectorhtml

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_**Benjamin Vedrenne-Cloquet**, Co-Founder, EdTechXGlobal_

Over the past decade, digital technology has disrupted and revolutionised a variety of industries. The media sector, for example, has benefited from this “digitisation” in profound ways, enabling creatives to utilise data and technology platforms and deliver engaging content across multiple channels. In fact, digital’now represents 30%-40% of all content in the media sector.

Despite the [clear benefits](https://www.financedigest.com/clearing-out-your-garage-benefiting-from-corporate-simplification-2.html "Clearing Out Your Garage – Benefiting from Corporate Simplification ") and opportunities presented by digitisation, the education sector is still lagging behind according to recent research – only 2% of education is focussed on digital,making it clear that investment in the sector is long overdue. With digital seemingly an afterthought for some, the education sector risks [failing its students and falling behind](https://www.financedigest.com/behind-ftxs-fall-battling-billionaires-and-a-failed-bid-to-save-crypto.html "Behind FTX’s fall, battling billionaires and a failed bid to save crypto") the natural progression and requirements of business and industry.  In fact, this is already becoming apparent if you consider that test scores remain static in countries like the US and an ever growing [skills gap](https://www.financedigest.com/tackling-the-cloud-skills-gap-in-financial-services.html "Tackling the cloud skills gap in financial services") is a constant headache for employers in the UK.

**The new opportunities digitisation brings to education**

Digital tools provide a huge opportunity to [improve the way in which education is delivered](https://www.financedigest.com/5-ways-data-integration-solutions-are-helping-financial-organizations-deliver-improved-outcomes.html "5 Ways Data Integration Solutions Are Helping Financial Organizations Deliver Improved Outcomes"), consumed and resourced. Digitisation can be a cost-effective method of facilitating the dissemination of education and training at a [large scale](https://www.financedigest.com/botswana-awards-norways-scatec-first-large-scale-solar-plant-contract.html "Botswana awards Norway’s Scatec first large-scale solar plant contract"). For example, E-learning initiatives are used to deliver [content on a massive scale](https://www.financedigest.com/veritone-launches-marvel-ai-a-complete-end-to-end-voice-as-a-service-solution-to-create-and-monetise-hyper-realistic-synthetic-voice-content-at-commercial-scale.html "Veritone Launches MARVEL.ai, a Complete End-to-End Voice-as-a-Service Solution, to Create and Monetise Hyper-Realistic Synthetic Voice Content at Commercial Scale") with as little cost as possible, but E-learning is not the only way to achieve this. The proliferation of mobile devices, with most students owning a smartphone, gives educators the chance to deliver more personalised educational content and curriculum.

According to recent findings, 81% of students use mobile devices to study while 77% of students believe [technology leads](https://www.financedigest.com/mldw-technology-market-size-share-top-leading-companies-consumption-drivers-trends-forces-analysis-revenue-challenges-and-global-forecast-2028.html "MLDW Technology Market: Size, Share, Top Leading Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges And Global Forecast 2028") to improved grades. This feels like an obvious progression, as the penetration of smartphones into the daily routine grows steadily, yet there is still some trepidation about the [devices being used in education](https://www.financedigest.com/education-security-in-2022-hybrid-cloud-device-management-drives-it-challenges.html "Education Security in 2022: Hybrid-Cloud, Device Management Drives IT Challenges"), despite the familiarity students have with the technology and that almost exclusively, they are using these devices as a source of content and information anyway.Furthermore, these devices make learning mobile, meaning learning can be continued outside of the classroom – with resources and materials [accessible to students 24/7 on the internet](https://www.financedigest.com/luxury-to-essential-latam-boosts-internet-access-in-pandemic.html "Luxury to essential: Latam boosts internet access in pandemic") – improving the performance of personal learning time and homework tasks.

Similarly, on-demand learning, such as digital tutoring, adaptive learning and competency-based training, can all be executed on a larger [scale with digital](https://www.financedigest.com/scams-have-eroded-digital-trust-banks-need-to-do-more-to-combat-the-industrial-scale-of-scams-in-the-uk.html "Scams have eroded Digital Trust – Banks need to do more to combat the industrial scale of scams in the UK."). Students have more options to consume educational content in ways that suits them, since educational resources such as assignments and revision notes, can be accessed from different touch points.

[Digital technology](https://www.financedigest.com/how-banks-can-use-digital-technology-to-become-more-sustainable.html "How banks can use digital technology to become more sustainable") can reduce the costs of implementing traditional education systems, subsequently improving standards and making education more accessible.Inner city schools, or educational institutions in [developing countries](https://www.financedigest.com/britain-launches-trade-system-for-developing-countries.html "Britain launches trade system for developing countries"), can deploy educational content at scale in a way that is cost-effective and efficient, enabling them to have the same standard of education as more privileged schools.Despite the high expenditure in the education and training industries (more than $5 trillion), 85% of every dollar of spend goes into delivering education (bricks and mortar institutions and teaching staff) so educational performance remains flat.

**Collaboration between** [key players](https://www.financedigest.com/truck-mounted-concrete-mixer-market-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-by-2022.html "Truck Mounted Concrete Mixer Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2022")

Europe, the US and Asia represent the largest markets for education globally and in order to prosper, the [global market needs to champion growth](https://www.financedigest.com/anti-microbial-nanocoatings-market-global-industry-analysis-size-share-growth-trends-and-forecast-2025.html "Anti-Microbial Nanocoatings Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2025") and collaboration. [Trends and successes in one region](https://www.financedigest.com/benzylamine-market-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-by-2026.html "Benzylamine Market Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2026"), have been shown to open up gaps and opportunities in others, just as failings can be learnt and shared between markets.  Investment [trends in the future will certainly start to factor in all markets](https://www.financedigest.com/predisposition-biomarkers-market-future-trends-segmentation-strategies-to-boost-growth-applications-with-covid-19-impact-till-2028.html "Predisposition Biomarkers Market Future Trends, Segmentation, Strategies to Boost Growth, Applications with Covid-19 Impact till 2028"), rather than treat education markets in silos.

A 2014 Pearson study, which compared [global education systems](https://www.financedigest.com/healthcare-information-systems-market-2021-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Healthcare Information Systems Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027"), placed the US as 14 out of 20, with 7 European countries, such as Finland, UK, Netherlands and Poland, ranking higher than their American counter parts.However, where the US excels over its European cousins is the strength of its consolidated common core standards, an area where Europe is lacking due to the fragmentation of its 20 curriculums. Additionally, the US is ahead in its [investment in e-Learning ventures](https://www.financedigest.com/italys-brembo-sets-up-venture-capital-arm-to-invest-in-tech-startups.html "Italy’s Brembo sets up venture capital arm to invest in tech startups"), an advantage that the European EdTech sector can certainly learn from.

Similarly, heavy emphasis on high-stakes testing and competition for places in the higher education system in Asia, have [created unprecedented demand](https://www.financedigest.com/growth-of-mineral-processing-and-mining-industrie-is-creating-demand-for-rotary-trommel-market.html "Growth Of Mineral Processing And Mining Industrie Is Creating Demand For Rotary Trommel Market") for the private provision of education, from after school tutoring to online test and prep.  In recognition of the [strong demand](https://www.financedigest.com/produced-water-treatment-systems-market-fuelled-by-strong-demand-in-north-america.html "Produced Water Treatment Systems Market Fuelled by Strong Demand in North America") for globally recognised education, British private schools have been keen to take advantage of this trend. To date, 44 overseas campuses have been set up [across Asia](https://www.financedigest.com/adverty-partners-with-livewire-to-continue-growth-of-in-game-advertising-across-asia-pacific.html "Adverty partners with Livewire to continue growth of in-game advertising across Asia Pacific") which now educate almost 25,000 pupils, more than double the equivalent figure in 2012.

**Driving discussion and** [sharing insights](https://www.financedigest.com/acetate-salt-market-size-trends-share-insights-report-2026.html "Acetate Salt Market Size, Trends, Share, Insights Report 2026")

As such, the potential for [digital to radically transform the educational sector will require](https://www.financedigest.com/how-to-fulfil-the-digital-transformation-requirement-in-banking.html "How to fulfil the Digital Transformation Requirement in Banking") an ecosystem of shared learning and discussion on investment trends.  Providing a platform for this type of discussion is the exact remit of the [EdTechXGlobal event series](http://edtechxeurope.com/) – designed to bring together global innovators, education leaders, investors, market experts and business leaders, and act a catalyst for investment and growth in the industry. EdTechXEurope, the European edition of the event took place in June in London, attracting over 800 delegates from across all of the above mentioned [international markets](https://www.financedigest.com/unicredit-focused-on-internal-delivery-open-to-ma-in-all-its-markets.html "UniCredit focused on “internal delivery”, open to M&A in all its markets"), demonstrating the desire for information and knowledge from global EdTech players.  As this community continues to be a worldwide market, event founders will host a second event, [EdTechXAsia](http://www.edtechxasia.com) on 8-9 November in Singapore in November.

Digital penetration isn’t a quick solution – discussion and examples of successful [case studies are crucial to changing thinking in this market](https://www.financedigest.com/case-handling-machines-market-global-size-growth-opportunities-industry-potential-segmentation-overview-trends-and-forecast-studies-2028.html "Case Handling Machines Market Global Size, Growth Opportunities, Industry Potential, Segmentation Overview, Trends And Forecast Studies 2028").  This long rising tide of change is due to some fairly significant and understandable differences, in comparison to other content industries – such as the increased number of gate keepers involved in digital transition decisions in education, teachers, institutions, governing bodies, districts and policy makers to name a few – but there are also a large number of [opportunities that exist and global barriers that only technology](https://www.financedigest.com/airway-clearance-devices-system-market-industry-analysis-opportunities-technology-demand-top-players-and-growth-forecast-2027.html "Airway Clearance Devices System Market Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2027") can tackle.


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