AI in Education Market Expected to Grow at 3683.5 Million In Revenue by 2023

statsflash | December 16, 2019

The Global report on “AI in Education Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team. MarketsandMarkets forecasts the global AI in education market to grow from USD 537.3 million in 2018 to USD 3,683.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period. The increasing adoption of the AI technology for various applications in the education sector and growing need for multilingual translators integrated with the AI technology to enhance teachers’ and students’.

Spotlight

Career Ready  What qualities do employers look for in candidates? Of course, the first thing they look for is the ability to do the work required. They also look for "soft skills" or qualities. Being able to demonstrate that you have these skills could be the difference in getting the job or not.

Spotlight

Career Ready  What qualities do employers look for in candidates? Of course, the first thing they look for is the ability to do the work required. They also look for "soft skills" or qualities. Being able to demonstrate that you have these skills could be the difference in getting the job or not.

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EDUCATION TECHNOLOGY

Interplay Learning Launches Technology-based Apprenticeship Program

Interplay Learning | February 16, 2023

On February 15, 2023, Interplay Learning, e-learning solutions provider for online and virtual training, launched a technology-based apprenticeship program with the Department of Labor's approval. This program solves the growing labor shortage and encourages employers in the skilled trades to join. This program allows employers to enroll as participating employers in the Department of Labor's Apprenticeship Program of Interplay Learning. It will create a trained workforce, increase employee retention, and eliminate traditional managemental complexities of formal apprenticeship programs. Employers can offer apprentices on-the-job training (OJT) with Interplay's digital training in a virtual classroom with technical instructions as a part of the program. The apprentices will have an impactful training experience with its video courses and 3D simulations. In addition, they will learn about new skills, effective troubleshooting, and practice in a virtual safe environment on any device like a laptop, desktop, tablet, or virtual reality headset. Founder and CEO of Interplay Learning, Doug Donovan, said, "We're thrilled to introduce our innovative, tech-forward approach to apprenticeship." He added, "With one of the first digital and off-the-shelf solutions for apprenticeships, we seek to eliminate the pain points existing today for employers, while also providing them with a powerful training solution to address the skills gap problem in the U.S. What has traditionally been complex and especially daunting for small and medium businesses, we have streamlined the process to set up an apprenticeship program and given contractors a tool to build a better-trained workforce." (Source – Cision PR Newswire) About Interplay Learning Headquartered in Austin, Texas, Interplay Learning, an e-learning provider, has been offering digital learning simulations for training, career opportunities and life experiences of customers and employees, across industries like plumbing, electrical, solar and facilities maintenance, and HVAC, since 2016. Its virtual reality interfaces engage skilled trades workers with life-like experiences, making them more confident, professional, and efficient quickly. It provides learning solutions from beginner to mastery level at the same time. It was awarded the AL Breakthrough Award for Best Use of Virtual Reality for Enterprise Applications, AHR Expo – Innovations Awards 2020 and named in the 2020 Inc. Best in Business list.

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EDUCATION TECHNOLOGY, CORPORATE LEARNING SYSTEMS

Guild Education Chooses Salt Security for API Security

Guild Education and Salt Security | March 17, 2023

Salt Security, the leading API security company, today announced that Guild Education, the leader in opportunity creation for America's workforce, has chosen the Salt Security API Protection Platform to secure its growing application programming interface (API) ecosystem. Guild relies on APIs for the exchange of private and sensitive student, employer, and school data across its Career Opportunity Platform. With the Salt platform, Guild gains automatic and continuous API visibility, insights into potential data exposure, and API runtime protection to ensure the safety of its customers' critical data. "Guild supports workers, companies, and educational organizations to build new career opportunities and address increasing talent shortages. Keeping employee, employer, and school data secure has always been a top priority," said Julie Chickillo, VP, head of security, Guild Education. "The visibility we get with Salt eliminates blindspots, allowing us to better protect the critical and personal information – including employer eligibility updates, student loan reimbursement data, and program applications – being shared via our APIs." Although Guild looked at other API security solutions, Salt provided the most actionable insights and the most mature platform. Leveraging the robust Salt API security platform, Guild gains: Discovery of shadow APIs – to ensure a complete and accurate API inventory and understand what unknown APIs might exist that could pose security risks Attack prevention – the most proven algorithms in API security to pinpoint attacker reconnaissance activity, even drawn out over days and weeks, and stop attackers before they reach their objective API security testing – to gain vulnerability insights in pre-production, empowering the Guild development team to improve the security posture of its new APIs The Salt Security platform enables organizations to catalog their APIs, see where they expose sensitive data, detect and block API attackers, scan and test APIs, and provide remediation insights that developers can use to harden APIs and improve the security posture over time. Through its patented API Context Engine (ACE) architecture, the platform can identify the early indicators of an attack, stop attackers from advancing and turn attackers into penetration testers, leading to valuable feedback for security teams to identify and eliminate API vulnerabilities. About Salt Security Salt Security protects the APIs that form the core of every modern application. Its patented API Protection Platform is the only API security solution that combines the power of cloud-scale big data and time-tested ML/AI to detect and prevent API attacks. By correlating activities across millions of APIs and users over time, Salt delivers deep context with real-time analysis and continuous insights for API discovery, attack prevention, and shift-left practices. Deployed quickly and seamlessly integrated within existing systems, the Salt platform gives customers immediate value and protection, so they can innovate with confidence and accelerate their digital transformation initiatives. For more information, visit https://salt.security/ About Guild Guild's Career Opportunity Platform enables forward-thinking employers to invest in their employees, unlocking life-changing opportunities for personal and professional growth through education and learning programs, career development and one-on-one coaching. Guild partners with the nation's largest employers — including Walmart, Chipotle, Discover, Hilton, Macy's, Target and The Walt Disney Company — to create cultures of opportunity that will help them attract and retain top talent, and build the workforce of the future. Using Guild's Career Opportunity Platform full of real-world education and learning programs, employees at those companies can gain the skills, knowledge and guidance they need to build a brighter future for themselves and their families — all without paying for tuition or career services on their own. For more information, visit https://www.guildeducation.com/

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EDUCATION TECHNOLOGY

Apogee Announce Acquiring Cumulus Technology Services Inc

Apogee, Inc. | January 02, 2023

Apogee, an industry leader in managed technology services for higher education, has recently announced the acquisition of Cumulus Technology Services Inc. Headquartered in Ventura, California, Cumulus Technology Services is a specialist in secure cloud services for higher education and an Amazon Web Services (AWS) Select Consulting Partner. This acquisition reaffirms Apogee's commitment to be the preferred managed technology partner for universities and colleges that strive to innovate and transform. The acquisition extends the managed networking and IT services capabilities of Apogee into the cloud, enabling the new potential for higher education IT innovation to enhance student experiences and promote institutional competitiveness. While the use of technology in attracting and retaining students and providing great blended learning and student life experiences is growing, IT teams in higher education confront increasing difficulty in acquiring and retaining IT expertise. Services and products that delegate IT operations, manage expenses, improve operational effectiveness, and foster innovation are in great demand. Improving the delivery of managed cloud services in higher education helps universities and educational institutions liberate time for innovation, as promised by Apogee. The following acquired services will be incorporated into Apogee's managed technology services portfolio: Secure Cloud Services increase Apogee's expertise in cloud, security, and data center management. Cumulus Technology Services' significant understanding of enterprise resource planning (ERP) cloud migration and containerization, Disaster Recovery-as-a-Service (DRaaS), Backup-as-a-Service (BaaS), and Infrastructure-as-a-Service (IaaS) will enable Apogee to provide colleges and universities even improved performance, scalability, robustness, and security of their apps, infrastructure, and data. Cumulus Data Adapter (CDA) connects and synchronizes institutional ERP systems such as Ellucian Banner® with learning management systems (LMS) such as Canvas by Instructure using a secure, simple-to-deploy technology that significantly enhances IT administration efficiency and student life. As a managed service, CDA is an additional critical tool that addresses the major pain point of data synchronization between LMSs and ERPs, hence easing student data integration difficulties for IT and enhancing the student experience for class registration and attendance. Security Services bolster Apogee's security experience and expertise, allowing for the delivery of brawl-tested college security assessments, ransomware incident response readiness, and staffing and disaster recovery plans. About Apogee Apogee, a leading provider of managed IT services founded in 1999 in Austin, enables colleges and universities to innovate in order to improve the campus experience and foster student life. Apogee helps over one million students and administrators from over 350 colleges and universities across the United States. The company's extensive array of managed services includes Managed Campus networks and IT services, campus engagement, residential networks (ResNet), and video.

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