3Artificial intelligence has bought some wonderful transitions in the education sector, benefiting and realizing the potential of both students and Institutions.
Regardless of age, we are constantly learning and understanding things to evolve, and learning always has been and always will be the foundational part of humanity.
The Impact of AI on Education IT solutions is changing the entire industry, by helping teachers automate routine administrative tasks, and focus more on critical tasks such as spending time with students.
Quick Fact: The Global AI in the education market is expected to reach $6.8 Billion by 2023.
With over more than thousands of AI-driven Education companies, here is our list of the 5 most exciting ones.
Employee Count: 5000-1000
Investors: SAIC Venture Capital, VISA
Location: Massachusetts, US
Stock Symbol: NASDAQ: NUAN
Founded Date: 1992
NUANCE communications is a multinational computer software company providing Artificial Intelligence and speech recognition based education solutions.
How NUANCE uses AI in education
NUANCE is using its Dragon speech recognition software that helps teachers and students to express themselves and achieve a new level of success by realizing their full potential.
For students struggling with typing, spelling concerns, and writing, Dragon is the ultimate solution that changes it all by allowing students to express themselves by simply talking. Dragon dictates three times faster typing with 99% accuracy, transcribes up to 160 words per minute, read aloud incoming emails and homework instructions.
Learn more about NUANCE
2. CARNEGIE LEARNING
Revenue: $69 Million
Employee Count: 100-500
Investors: Collier Investments, CIP Capital, Draper Triangle
Location: Pennsylvania, US
Funding: $14 Million
Founded Date: 1997
Quick Note: September 2020 – Carnegie Learning acquired Scientific Learning Corporation for $15,000,000.
Carnegie Learning is a leading publisher of innovative, research-based math learning and differentiated instructions to schools across the United States for middle school, high school students, and post-secondary students.
How Carnegie Learning uses AI in education
By combining Cognitive Learning and Artificial Intelligence along with Machine Learning, helps students understand what they are learning in a more deeper and personal way. Carnegie Learning achieves this using three components.
Software Platforms CL offers:
Learn more about Carnegie Learning
Revenue: $36 Million
Employee Count: 500-1000
Investors: Black Soil, VenturEast Capital, Kimera
Location: Bangalore, Karnataka, India
Funding: $16.1 Million
Founded Date: 2005
Quick Note: iNurture has acquired Krackin on May 28, 2018
iNurture is India’s top AI-enabled education company with delivering industry relevant courses at undergraduate and postgraduate levels in the fast-growing sectors of the economy.
How iNurture uses AI in education
iNurture’s Artificial Intelligence-based platform assesses the employability of a student and provides necessary interventions through placements cells and on-campus career development programs.
iNurture achieves this using robust models that include:
Learn more about iNurture
Revenue: $28 Million
Employee Count: 51-200
Investors: Triple Point Capital, Accel, Atomico
Location: New York, US
Funding: $182.3 Million
Founded Date: 2008
Quick Note: May 6, 2019 – John Wiley & Sons acquired Knewton’s assets.
Knewton creates adaptive learning technology to personalize learning for the world. Schools, Teachers, and education companies around the world use Knewton for digital course materials that dynamically adapt to student’s unique needs.
How Knewton uses AI in education
Its successful product called Alta is Knewton’s fully integrated, AI-based adaptive learning courseware. It includes text-based and video instruction, interactive learning content, assignments, and review materials, all are included in Alta at the low price of $39.95 for college students.
AI-enabled Alta is continuously adapting in nature that offers different and unique ways to complete the tasks to every student.
Learn more about Knewton
Revenue: $24 Million
Employee Count: 51-100
Investors: Candy Capitals, Qualcomm Ventures
Location: London, UK
Funding: $131.7 Million
Founded Date: 2011
Quick Note: September 30, 2020 – Blippar partners with Kellogg’s to launch branded Coco Pops WebAR campaign.
Blippar is a leading technology company specializing in Computer Vision (CV) and Augmented Reality (AR). It has been pushing boundaries of what is possible in AR and using AI/AR to deepen customer engagement, drive footfalls, and increase sales.
How Blippar uses AI in education
BlippBuilder tool – Using computer vision and augmented reality it brings extra creativity, interactivity, and engagement to any subject and enhancing the way student learns in the classroom.
BlippBuilder comes with 3 versions:
Learn more about Blippar
To conclude, undoubtedly more and more AI applications are being designed for mentors, students, teachers, and institutions across the world. This wave of application combined with digital technology and smart content is transforming the education industry.
What do you think, will AI replace Teachers and mentor’s jobs?