Future Scenarios and Implications for the Artificial Intelligence (AI) in Education Market
Artificial Intelligence (AI) is a method of converting a computer to an intelligent human thinking machine. The primary purpose of AI is to create expert systems and implement human intelligence in the machines so that they learn advice, understand and perform similar functions as a human does. It is a mixture of science and technology that makes use of computer science, mathematics, psychology, biology, engineering and various other fields to perform its functions. Artificial Intelligence can be used in various applications such as social media feeds, supply chain and logistics, manufacturing, education and various other applications.
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The global artificial intelligence in education market is expected to grow with a CAGR of 44.2% during the forecast period. Artificial Intelligence in education industry have multiple uses such as in automating grading, identifying the imperfections in the classroom, provide personalized help to the students outside the classroom and many such applications. AI helps students to access to the learning material from any location and on any system so that the ones who miss classes due to illness or other reasons may benefit from it. It also has a plug-in function for power point where the subtitles are created in real time if the language of the tutor is not familiar. The market for artificial intelligence is expanding and is expected to propel growth during the forecast year, due to the acceptance of adaptive learning programs, software’s, and personalised education is accelerating the demand for AI in education.
There are many companies and institutions investing in the AI technology for gaining competitive advantage. The educational institutions are tying up with the AI technology providing companies to provide best learning solutions to their students. North America region is dominating the artificial intelligence market due to vast adoption of cloud-based services, demand for intelligent and personalized education and smart learning. Many players in the AI market are making strategic tie-ups in order to provide best AI solutions and expand their product portfolio.
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