Online Education Work from Home: Have we arrived in virtual world!! | MBA college in Bangalore

Posted by Sibananda Das On 30/06/2022 11:26:38

From the Point of Consumption  

The growing industrial and corporate activities in view of the pressing demand of the global population in terms of consumption create a real-time crucial challenge for all the Industries to meet the supply side requirements. Gone are the days when  Industries were Geo-politically confined to certain territory but with the present-day consumption pattern the products and services need a superficial uniformity in supply, service, distribution, and post-sales actions in terms of meeting the global standards. The statistics of the supply chain is revealing the world is responding beyond regional conflicts, decade long conservational polarisation theories are hardly a  matter of concern to the Global market of demand and supply forces. 

It is therefore a business requirement for all organizations across all industries to meet the supply side challenges of the growing requirements of the business. Top MBA colleges in Bangalore

Whether it is the educational or the corporate or industrial ecosystem the challenges are inevitable to the real-time application of resources. Online application and monitoring of workflow are known in today’s world as WORK FROM  HOME or WFH.  

One of the important Asian practices and perspectives to why it is the need of Hour:- Traffic, crowd management, and less vehicular emissions. 

The biggest challenge that employees face every day is Peak hour traffic congestion. WFH is the only practical solution to deal with it. It also gets cheaper as you don’t have to worry about your travel expenses anymore, thereby creating an independent ideology to execute business solutions with the least possible carbon 

footprint. This not only reduces the number of accidents on roads and saves human lives but at the same time, it encourages the individual to avoid rush hours and to log in to the systems in a calm & serene ambiance.  

From the point of Post Covid 2019 learning & applications in decision making. 

The worldwide impact of many contagious viruses including the corona which is officially termed as severe acute respiratory syndrome coronavirus 2  (SARS-CoV-2) by the WHO has completely changed the scenario of economic cycles on the planet. This has generated many inevitable challenges to the global economic sphere where physical mobility of Humans is discouraged to the extent of limited respiratory interactions.  

A changing education imperative. 

It is clear that this pandemic has utterly disrupted an education system that many asserts were already losing its relevance. In his book, 21 Lessons for the 21st  Century, scholar Yuval Noah Harari outlines how schools continue to focus on traditional academic skills and rote learning, rather than on skills such as critical thinking and adaptability, which will be more important for success in the future.  Could the move to online learning be the catalyst to create a new, more effective method of educating students? While some worry that the hasty nature of the transition online may have hindered this goal, others plan to make e-learning part of their ‘new normal’ after experiencing the benefits first-hand. MBA programs in Bangalore

The importance of disseminating knowledge is highlighted through COVID-19, Major world events are often an inflection point for rapid innovation – a clear example is the rise of e-commerce post-SARS. While we have yet to see whether this will apply to e-learning post-COVID-19, it is one of the few sectors where investment has not dried up. What has been made clear through this pandemic is the importance of disseminating knowledge across borders, companies, and all parts of society. If online learning technology can play a role here, it is incumbent upon all of us to explore its full potential. 

Is learning online as effective? 

For those who do have access to the right technology, there is evidence that learning online can be more effective in a number of ways. Some research shows that on average, students retain 25-60% more material when learning online compared to only 8-10% in a classroom. This is mostly due to the students being able to learn faster online; e-learning requires 40-60% less time to learn than in a  traditional classroom setting because students can learn at their own pace, going back and re-reading, skipping, or accelerating through concepts as they choose.

Nevertheless, the effectiveness of online learning varies amongst age groups. The general consensus on children, especially younger ones, is that a structured environment is required because kids are more easily distracted. To get the full  benefit of online learning, there needs to be a concerted effort to provide this structure and go beyond replicating a physical class/lecture through video capabilities, instead, using a range of collaboration tools and engagement methods that promote “inclusion, personalization, and intelligence”, according to Dowson  Tong, Senior Executive Vice President of Tencent and President of its Cloud and  Smart Industries Group. 

Since studies have shown that children extensively use their senses to learn,  making learning fun and effective through the use of technology is crucial, according to  BYJU's Mrinal Mohit. “Over a period, we have observed that clever integration of games has demonstrated higher engagement and increased motivation towards learning especially among younger students, making them truly fall in love with learning”, he says. 

The impact on global Ed-tech Business

Indian online-education provider Byju’s has offered to buy 2U Inc. in a cash deal  that values the US-listed edtech company at more than $1 billion, a person familiar  with the matter said. Byju’s made the offer of about $15 a share to 2U’s board last  week, said the person, who asked not to be named as the bid isn’t yet public. The  offer represents a 61% premium to 2U’s closing price of $9.30 on the Nasdaq on  Tuesday and gives the Lanham, Maryland-based company an enterprise value of  about $2 billion. 

Byju’s, one of the world’s most valuable startups with backing from Tiger Global  Management and Mark Zuckerberg’s Chan Zuckerberg Initiative, is accelerating its  expansion globally through acquisitions. Bloomberg reported in May that Byju’s was  likely to bid for either 2U or Chegg Inc. Talks with Santa Clara, California-based  Chegg haven’t progressed, the person said. MBA college in Bangalore 

The talks with 2U could still fall apart and a deal may not materialize if its board  rejects the offer. 2U has a current market value of $717 million and about $1 billion  in debt and other liabilities. A representative for 2U declined to comment. Byju’s  and Chegg didn’t respond to requests for comment. 

Byju’s has secured financing of more than $2.4 billion for whichever deal it finally  pursues as it looks to step up its growth and global expansion, said the person.  While debt financing is more expensive than just three months ago, assets are  cheaper and deals are still looking attractive, the person said. Shares of 2U have  declined more than 80% since a peak of $55.55 in early 2021. 

All these things significantly contributes and exhibit the rapid change & revolution  in the Industries of education and its ancillaries, current style & standard in respect  to the potential requirement of imparting education is also going to develop a  intertwined economical impact on all the Industries and sectors combined.

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