e-Learning has revolutionized the educational sector, and has changed the way we look at knowledge and skill acquisition altogether. Thanks to modern educational technology, e-Learning tools and techniques just keep getting bigger and better. Today, GSS Infosoft Limited-UK, a Parinama Group Company led by Mr. Santosh Lohar is providing learners with a more impressive, and more effective, educational experience. More and more students and employees are using e-Learning to earn their degrees, build upon their knowledge base, and develop new skills. As such, an increasing number of online courses are now being offered in order to meet the ever-growing demand.
Predicted to become a $1.29 billion industry by 2018, technology in the classroom is now an indispensible part of higher education.
The rapid growth in Internet, mobile, and cloud technologies in the past decade has touched every aspect of human life. E-learning has been around for quite some time now, and as its popularity continues to grow within the educational sectors its capabilities are also growing along with it.
Today it has become important to look critically at the learning outcomes of training and to adapt those outcomes. Organisations do not require an endless accumulation of general knowledge anymore however the focus is more on skills that help institutes to save money as well as increase effectiveness. At Parinama, we have developed an e-learning platform that leverages the aspects of digital learning, social collaboration and student generated content to create a live community around each course and subject.
Students are encouraged to add and modify the content of a course, through their research and original contributions, which are ‘voted’ in or out of the curriculum by their peers. By making the e-learning platform mobile, students are constantly engaged with the course through their smartphones. This makes the learning a dynamic experience.
In the near future, universities will not survive as the future is outside the traditional campus and outside the traditional classroom. As per the Docebo report issued in July, 2014, the worldwide market for self-paced e-learning reached $35.6 billion in 2011. The five-year compound annual growth rate is estimated at around 7.6 per cent so revenues should reach some $51.5 billion by 2016. While the aggregate growth rate is 7.6 per cent, several world regions appear to have significantly higher growth rates. The highest growth rate is in Asia at 17.3 per cent, followed by Eastern Europe, Africa, and Latin America at 16.9 per cent, 15.2 per cent, and 14.6 per cent, respectively.
Looking at e-learning in India, research indicates that the industry is set to reach $1.29 billion by 2018, while some highly optimistic sources claim that the market is much bigger, sizing up at $40-60 billion by 2018. Regardless, its generally agreed that with current annual growth rates of 17-20 per cent, the industry is poised for significant growth. Already, India is a major source of e-learning content and development for the world market, thanks to our low-cost and highly educated workforce in higher education.
But the story is not limited to individual learners. Indian companies are adopting e-learning platforms at a rapid pace. Continuous employee learning has become a strategic necessity and leading companies are adopting e-learning to push both micro-learning and qualification focused learning objectives among their employees.
With Indian internet users expected to cross 250 million this year, rivaling the US and second only to China, India’s potential as a huge market for e-learning is unchallenged. A large number of new users are accessing the Internet the first time from their smartphones, which is an ideal, personalised and commerce enabled platform for e-learning adoption.
GSS Infosoft Limited-UK, a Parinama Group Company is eying on delivering 100+ vocational skills, Management, Technical programs online with its hosted Learning Management System hosted in USA. Company is building its own technical base on delivering world class learning environment for Individual across world.
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