Impact of COVID-19 on the use of technology in education

Online training is one of the terms that has been heard the most in the last two years. This has resulted in a boost to the online education industry, whose benefits have been highly publicized, resulting in a more optimal way of learning.

The use and development of ICTs in education, also known as Information and Communication Technologies, have broken down barriers that used to limit the learner to traditional education. However, the need to adapt to a new normal has led many institutions to change the way they educate their students.

But… What are ICTs?

According to the Universidad Latina de Costa Rica, Information and Communication Technologies are defined as “the resources and tools used for the processing, administration and distribution of information through technological elements, such as: computers, telephones, televisions, etc. etc.”

However, they are not only limited to those mentioned above. E-mail, information search and filtering, and material downloading are also considered ICTs.

How has the online education industry grown?

Virtual teaching has evolved considerably. It is reported that, since 2000, this industry has grown more than 900% and its annual growth is estimated at a speed of 9.3%.

One of the reasons why it has become a popular form of education is its benefits, among which we can highlight:

• Lower electricity consumption
• Greater retention of information
• Shorter completion time
• Greater effectiveness

Companies, for their part, have closely observed these benefits, which has also prompted them to invest in the education of their workers as a way to increase productivity and increase their income.

This combination of factors allows estimating a positive future for online education in the financial market.

Invest in online education

The decision to invest must be accompanied by an exhaustive analysis of the market of your choice. However, one industry to watch out for is online education.

Promoting those industries that surround the new educational technologies is one of the many ways for investors to get involved in a universal and important issue: the training of human beings.

In addition to being an investment that definitely promotes an important aspect of life, it is estimated that this industry could reach $325 billion by 2025, thus becoming a potentially lucrative investment.

If your intention is to learn more about how you can get involved in the world of virtual education through investment, we invite you to contact BBVA New Gen, an institution that has a long list of trends available to its clients, combined with financial advisors with years of experience in the market.