E-Learning Attracts Wall Street Investors
The Motley Fool’s ”Innovations and Opportunities“, which offers information about investment opportunities, describes e-learning as a $25 billion industry.
And according to statistics from the Sloan Consortium, enrollment in online schools is expected to continue to grow at a rate higher than that of traditional education institutions.
However, the growth of distance learning is not limited to college students enrolled in online classes. Business and governmental agencies also utilize this flexible option to train staff and upgrade employee skills. For example, the FBI is a huge believer in distance learning. The organization is on the forefront of improving the relevant technologies, which it uses effectively for specialized training.
Emerging technologies combined with innovative new software programs are forecasted to boost the popularity and efficiency of distance education delivery systems.
Two new developments on the horizon include voice-translation technology and the Virtual Eye. Voice translation technology allows the instant translation of 50,000 words of one language into another, like Japanese to English. In the future, it may be used to replace translators during war, or place them farther from the battlefield. A plethora of foreign languages and dialects will ultimately be available. The Virtual Eye, a computerized learning system, will be able to recognize a child’s moods and adjust its teaching technique to calm the child, when necessary, while maximizing learning.
These tools, once incorporated successfully into the online education delivery system, will potentially boost an already burgeoning education trend. Both of these new programs could be operational within 2 years.
Investors and consumers have much to gain in embracing this rising star of e-learning.
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