Online K-12 Education Market Possible Growth, Attractive Estimations Make It as a Long-Term Investment

Digital Journal | January 15, 2019

K-12, a term used in education and educational technology in the United States, Canada, and possibly other countries, is a short form for the publicly-supported school grades prior to college. K-12 (kindergarten through 12th grade) is the term commonly used for talking about a person's first 13 years of schooling before entering university. It also refers to the Elementary and Secondary education. Elementary education starts at the age of five or six.Global Online K-12 Education market is expected to grow at approx. USD +423 Billion by 2023, at +24% of CAGR between 2019 and 2025.Online K-12 Education Market is very different from the traditional education concept, which includes a school building, a classroom with desks, and a teacher next to a blackboard. Online education offers students more private lessons with their instructors. And most K-12 online programs are inexpensive or even free. K12 is an education management organization (EMO) that provides online education designed as alternatives alternative to traditional "bricks and mortar "education for public school students from kindergarten to 12th grade.

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Artificial intelligence based students robot toys full advance teaching & learning robot. Both have been deployed in a variety of industries ranging from retail to healthcare, but Softbank thinks its inventions could also work well in the classroom.

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Artificial intelligence based students robot toys full advance teaching & learning robot. Both have been deployed in a variety of industries ranging from retail to healthcare, but Softbank thinks its inventions could also work well in the classroom.

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CORPORATE EDUCATION AND TRAINING

Norwegian grocer Coop chooses frontline training platform Axonify to deliver connected employee learning experience

Axonify | September 07, 2022

Norwegian grocer Coop is working with leading training solution provider Axonify to deliver personalised learning to 28,000 employees across 1,250 stores as part of their mission to prioritise employee performance and align learning outcomes to business goals. With disruption continuing to impact the grocery market, Coop sees a modern approach to employee development as a key competitive differentiator, contributor to top-line revenue, and essential for developing and retaining employees. "If people think our store staff are amazing, they'll come back," says Margrete Martin, Head of HR Development. "We want to provide the best experience for our customers and our employees, right across the business. We believe the best people will want to work for Coop because they know we create opportunities for them. We love Axonify's approach of creating short, engaging learning paths that are personalised to each individual's training needs. It's the perfect platform to bring our learning vision to life." Coop's internal training programme is designed to align learning to the objectives of the business, and not to be a box-ticking exercise. They want it to be accessible to everyone, personalised to each individual, and engaging enough to keep employees logging in. Axonify's frontline-focused platform will help Coop deliver on their vision, enabling them to align the right learning content to their roles and - critically - making it accessible in the flow of work through mobile and store devices. Measuring the impact of training is particularly important to Coop, and Axonify excels at closing the loop on learning measurement. Reporting gives the business a complete view of where employees are most knowledgeable and confident so they can target their training and coaching efforts accordingly. Dashboards also provide detailed insights on how training is influencing specific business targets. "The team at Coop are taking a fresh approach to learning."They are focusing on the outcome of the training and how to get results that contribute to the performance of the business - not just on the content itself. They want to bring together digital and face-to-face learning and ensure that the whole experience is truly engaging their employees. We're incredibly excited to go on this journey with them." Liam O'Meara, VP Europe, Axonify About Coop Coop is the second largest retail company in Norway and operates approximately 1160 grocery stores in six chain concepts: Obs, Extra, Coop Prix, Coop Mega, Coop Market and Matkroken. In addition, Coop operates 110 DIY stores through the chains Obs BYGG and Coop Byggmix. Coop is owned by its customers through their membership in one of 62 co-operatives in Norway. Coop currently has 2 million members and an annual turnover of 59,9 billion. About Axonify Axonify gets frontline employees ready for anything with a training and communications solution that delivers. Why does it work so well? Because the experience is fun, fast, personalized and designed to make critical information stick. And employees love it—83% of users log in 2-3 times a week, which translates into meaningful behavior change that drives business results. More than 200 customers in 155+ countries around the world, including Walmart, Kroger, Levi's and Merck, trust Axonify to fuel their people's performance to keep pace with their business. Founded in 2011, Axonify is headquartered in Waterloo, ON Canada

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EDUCATION TECHNOLOGY

Explain Everything is acquired by Promethean to Continue Delivering Transformational Collaboration and Learning Experiences

Promethean | December 02, 2022

Explain Everything, a leading online digital whiteboard platform for creating engaging lessons, activities, and interactive presentations, today announced it has officially joined Promethean®, a leading global education technology company. The Explain Everything app provides users with an infinite canvas to draw, animate, create videos, and collaborate and is available on iOS, macOS, ChromeOS, Android and the web. Joining forces with Promethean will bring Everything to Promethean's award-winning panels as well, enabling both companies to have a greater positive impact on the future of education. Long-time Explain Everything users can rest assured that the app will simultaneously continue to be offered on all other platforms. Promethean's educational technology solutions deliver a robust, seamless, and secure experience, with features that respond to educators' and workplace users' unique needs around the globe. Its comprehensive edtech solution also includes superior professional development and customer support. The inclusion of Explain Everything's digital whiteboard platform into Promethean's product portfolio will build upon both companies' visions in edtech and beyond. Explain Everything remains deeply committed to providing the highest level of service, and users will continue to have uninterrupted access to their projects and materials. Likewise, the Explain Everything pricing model does not change. The aim of this strategic merger is to expand on both companies' offerings and provide more rapid technology innovation that addresses global teaching, learning, and collaboration needs. This and much more will be possible when working with a top educational leader in the USA and EMEA, and the Explain Everything team looks toward the future with great excitement. We're thrilled to now be part of the Promethean team," said Reshan Richards, co-founder and chief executive officer at Explain Everything. "Explain Everything's mission to impact teaching and learning in all settings is in perfect alignment with Promethean's more than 25 years of education technology leadership. Together, we will continue to provide the most effective interactive learning tools for students and teachers around the world. "As technology evolves, Promethean continues to look to the future to provide the best solutions to transform learning experiences. Joining the Explain Everything team with ours is part of our commitment to continuously innovate and work towards providing a superior interactive experience from anywhere, This exciting opportunity and new relationship for both companies will allow us to expand our already robust offerings to better serve customers' needs." Vin Riera, chief executive officer at Promethean About Explain Everything Explain Everything Whiteboard is developed by Explain Everything Inc, a New York, NY, and Wroclaw, Poland-based team of innovators, artists, learners, and leaders dedicated to developing creativity-inspiring technologies. Released in 2011, Explain Everything is now used by millions of educators, students and creative professionals around the world. In December 2020, Explain Everything Whiteboard was recognized as one of the Apple App Store's Best of 2020 for Leading the Classroom. The app is available on iOS, iPadOS, Android, Chromebooks and the web, and is developed by the Wrocław-based team. About Promethean Promethean is a leading education technology company working to transform the way the world learns and collaborates. From our founding in Blackburn, England, more than 25 years ago to our global operations in 22 countries today, we've continued to explore, innovate, and inspire —designing learning and collaboration tools that are built for breakthroughs. Our award-winning interactive display, ActivPanel, and lesson delivery software, ActivInspire and ClassFlow, were designed to engage students, connect colleagues, and bring out the brilliance in everyone. With headquarters in Seattle, Washington, and offices worldwide, Promethean is a member of the NetDragon Websoft Holdings Limited (HKSE: 0777) group of companies.

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EDUCATION TECHNOLOGY

LISC teams up with HBCUs on talent development program for students, expanded capacity for CDFIs

Local Initiatives Support Corporation (LISC) | November 25, 2022

The Local Initiatives Support Corporation (LISC) has launched a new internship program for students at Historically Black Colleges and Universities (HBCUs) to help bridge the opportunity gap for students of color—offering community development mentorship and experience that gives young people a leg up when entering the workforce. Over the next two years, LISC's National HBCU Talent Development program is placing 40 students in part-time intern positions with local LISC offices and other community development financial institutions (CDFIs). Interns will support a range of initiatives, from marketing to finance to community engagement, while also participating in leadership and national networking events. The program is funded by the Citi Foundation and is specifically designed to address national disparities in internships, with White students significantly more likely to gain paid versus unpaid positions than Black students. The LISC internship pays $25/hour up to $15,000 for the academic year. Talent is everywhere, but opportunity is not," noted Denise Scott, LISC president, who held a virtual "fireside" chat with the initial cohort of interns last month. This program is part of our work to address systemic racial barriers that keep young people from gaining the experience and connections they need to compete for good jobs," she explained. "Through this program, students can earn a strong wage, gain hands-on experience, work with mentors and build a network of contacts and supporters all while supporting valuable community investment activity," she continued. "It's a win for all of us. At the outset, eight HBCUs are participating in the program, with young people from varied backgrounds and experiences applying to participate. Eryn Glover, for instance, is a sophomore marketing major at Johnson C. Smith University (JCSU) in Charlotte, N.C., and one of LISC's first HBCU interns. She is working with the staff at LISC Charlotte to support fundraising, social media and community outreach, helping extend LISC's engagement with the region's philanthropic leaders and supporting valuable collaborations with local partners. I've always known that I wanted to do nonprofit work and put my skills to work to help people," said Glover, a South Jersey native who has spent recent summer breaks working at community-based organizations. She chose JCSU for her education because she wanted to attend an HBCU, benefit from a smaller university, and be close to family that had moved to North Carolina. I feel like I have opportunities here, like the LISC internship, that offer the chance to really get to know professors and mentors, and to also make a difference. I want to work in marketing within the nonprofit space, so this internship really aligns with that," she said. In Washington, D.C., Howard University senior Marsi Hailu is interning with the LISC policy team. Her early projects include mapping gaps in broadband access especially in rural communities and researching the disproportionate impact of climate events on low-income communities of color.I already knew that there is a lack of intergenerational wealth in Black and Brown communities because of historical discrimination," she said of her initial research. "But I guess I didn't realize how much that intersects with geography. It's a lot easier to recover from a disaster if you aren't already living paycheck to paycheck," she added. Hailu, a finance major from Northern Virginia, hopes to pursue a graduate degree in urban development after graduation, with a concentration in affordable housing. She said the LISC internship offers the opportunity to try her hand at different aspects of community development, going well beyond what she might learn in her finance classes. In a lot of places, housing is at the root of inequality," she said, explaining her passion for the work. "As someone who grew up in the area, I see the disparities facing low-income folks. I want to do something about that," she said. In addition to Howard and JCSU, initial HBCU supporters of the program include Edward Waters University (Florida), LeMoyne-Owen College (Tennessee), Lincoln University (Pennsylvania), Morehouse College (Georgia), Simmons College (Kentucky), and Virginia State University (Virginia). Additional HBCUs will be referring students in the months to come. LISC's Scott said the universities are eager to help students identify new opportunities for advancement—particularly given that many of the schools already have existing relationships with LISC, collaborating on local efforts related housing and economic development. "Here at Johnson C. Smith University, we strive to graduate global citizens who develop a compelling sense of social and civic responsibility for leadership and service,. "LISC's internship program is an excellent way for JCSU students to put this possibility into perspective outside of the classroom. Just as we strive to develop a better world by graduating the best and brightest, LISC does the same by investing in its community to make economic equality a reality," he said. JCSU President Clarence D. Armbrister The National HBCU Talent Development program draws on the experience of LISC's nearly three decades of work with AmeriCorps, including the Economic Mobility Corps (EMC) launched in 2020. Through EMC, LISC places national service members in positions that help build the capacity of CDFIs. We have long seen the value in connecting people to community development positions in places that they know and care about," Scott said. "Our HBCU internship program takes that a step further, focusing on gaps in opportunity for students of color, injecting equity into CDFI recruitment efforts and building a community development workforce that reflects the people and places it serves. About LISC LISC is one of the country's largest community development organizations, helping forge vibrant, resilient communities across America. We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and places can thrive. Since our founding in 1979, LISC has invested $26.7 billion to create more than 463,000 affordable homes and apartments, develop 78.5 million square feet of retail, community and educational space and help tens of thousands of people find employment and improve their finances.

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