March 13, 2013

Software and Education: Building the Next Generation Classroom

At 3Pillar, we develop next-generation software products for clients in a number of industries, including education. Our clients in the education space are focused on providing software solutions that improve the learning process for teachers, students, and parents. Our experience in this market has enabled innovative changes like:

  • Making the college application process easier for students, parents and counselors to manage
  • Allowing university professors and students to manage course curriculums and reading lists online
  • Providing instant access to a database of tens of thousands of classroom-ready digital resources

We believe the education market is poised for rapid growth, which is one reason we focus on software development for clients in the education space. With the skyrocketing popularity of Massive Open Online Courses (MOOCs) and the transition from physical products like textbooks to interactive digital products in full swing, opportunities for new and emerging companies to make headway in the education space are vast.

Just look at Blackboard. The well-known learning management system Blackboard built epitomizes the kind of impact that can be made at the intersection of software and education. Blackboard was founded in 1997, and by 2010 was being used by more than 9300 institutions in more than 60 countries. In 2011, fifteen years after being founded, Blackboard was sold to a private equity firm for $1.64 billion.

The infographic below from Education Week paints a picture of the vast opportunities in the education space today for companies that can take advantage of this transition from physical to digital.

Among the interesting stats:

  • Only 20% of teachers and administrators say their institution is functioning at the highest level to provide a website/portal that provides the education community with access to applications, resources, and collaboration tools
  • 73% of teachers and administrators say their institituions are operating at a low level in providing electronic supplemental instructional resources and/or online tutoring for all students
  • 66% of teachers and administrators say their institutions operate a low level in delivering educational content flexibly in digital formats, media, and platforms

Where do you see the education market going in the next 5, 10, or 15 years? Take a look at the infographic below, and let us know in the comments section.