The education tech startups are flocking the market like never before; riding the wave of unceasing learning that’s sweeping the country. The phenomenal growth of online education across the globe is spurred by the fact that e-learning is breaking the barriers of conventional learning formats besides being highly convenient and accessible.
The impact of users acceptance of this learning format can be proportionately seen in the increase in FDI into the online education segment. It is estimated that FDI flow into the education sector from April 2000 to January 2015 is roughly around USD 1,071.15 Mn. This has also led to an increase in number of skilled workers in India.
As per the India Brand Equity Foundation, India will have a whopping 500 Mn workers by 2022. As a result, there will be a constant requirement of up-skilling and knowledge growth to meet the needs of every industry. Hence, the online education landscape is constantly refining itself to cater to the growing needs of learners to provide them with a compelling learning experience.
Today, there are two popular e-learning methods viz. Interactive Learning and Massive Open Online Courses or MOOCs.
Let’s take a look at the levels of efficacy and advantage that both the formats offer to students.
MOOCs or Massive Open Online Courses. They offer voluntary and limitless participation and access to study material for students from some of the most renowned institutes of the world. They can be best described as knowledge forerunners that are fit for learners who opt for distance learning programmes. MOOCs provide access to a plethora of courses from acclaimed institutes, world class courseware along with an interactive platform where students can engage with fellow learners and teachers as well. Initially started as OOC, i.e. Open Online Courses, they were rechristened as MOOCs due to enormous participation by learners and high degree of user acceptability. Lifelong learning opportunities, enhanced accessibility and student engagement are some of the advantages that MOOCs offer.