Future of Edtech 2021: BYJU gulps Akash with $1Bn
Amboriish Nath
Content Research, Writing, Book Publishing, Printing & Online Distribution
The recent acquisition of Akash by Byju reflects the changes of edtech!
Akash moving to the Cloud and Byju moving to Real Estate.
Edtech founders must read, learn philosophy, and how human interaction works! Facebook hires a lot more psychologist to analyze user behavior
You don't need to read Freud or Chanakya, just observe kids or sub 18 age people around you, their attention span, habits, irritation points, and what hooks them.
The fast way is understanding and reading reports on user behaviors (https://www.researchgate.net/publication/303772185_Social_Media_User_Behavior_Analysis_in_E-Government_Context)
Schools are real estates now lying vacant, BYJU's long term strategy should work, if they have the key data sets from Akash's long 30+ yrs of track record and can utilize its real estate, franchise network at max potential.
Issues with franchising in education is having improved quality control
Education cannot be served as a fried chicken at KFC with secret ingredients
There is a need to have centralized production and decentralized distribution, execution, and monitoring which is viable and possible if we follow how Amazon works.
Later in the future stage, there will be the acquisition of schools/chain of schools to have a firm grip from grassroots education i.e. from KG to UPSC like amazon has control of the production of products like Amazon basics and large delivery network which delivers stuff at your home
This marks a great beginning for online edtechs and offline schools, centers to come together and either merge or work together as partners as both cannot survive individually
The coming days will also see publishers also coming into this sphere and become distributors of digital content through their distribution networks to remote, rural areas!
India will set the benchmark for the rest of the world, be it developed countries like the UK or underdeveloped countries like Zambia, Nigeria, Laos
I am trying my bit at @skillyogi to help solve this problem with our simple equation
GenAI Implementation Expert | Transforming HR L&D Through AI |Banks, Startups , Manufacturing Giants | AI Strategy Consultant for Enterprise & EdTech | Author, Speaker & Trainer| Failed entrepreneur
4 年Well...With our experience in the education sectors in there is a huge dependency on local teachers and small institutions..who are basically running the education system for more than 80 percent students in India. Byju's aquisition of Akash can be an interesting beginning of offline and online partnering together but still the challenge lies in getting these smaller and individual players upgraded enough for them to ride this edtech boom and help majority of the students in India.
Educator | Mentor | Helped 10,000+ Students | Co-Creator & Janitor of Vedant Learning Centre
4 年Agreeing with many points but the sector is non uniformly divided in many ways.
SERVING CUSTOMERS ALL AROUND THE NATION IN CUSTOMER SUPPORT
4 年??