NetworkNewsWire
Editorial Coverage: Inexorable forces are propelling the growth
of e-learning at a blistering pace. Online-learning markets were
ignited by high education costs, business training programs and a
wave of tech innovations, then scorching pandemic demand turned the
market into an inferno. The market has legs far beyond the pandemic
with constant requests coming from businesses, universities and
K-12 schools, eager to train and upskill workers. Little wonder a
myriad of companies look to gain traction in the space since the
online education market that stood at just $144 billion in 2019 is
expected to catapult past $374 billion
by 2026. Even more astounding is that these stellar-growth
projections are pre-pandemic numbers, and market estimates should
easily blow past current forecasts. However, to deliver e-learning
that works, tech platforms must address and meet the widely
disparate needs of individual schools and varied businesses. A
one-size-fits-all approach is doomed to fail when trying to
educate, especially in a virtual venue. There’s a critical need for
tailored programs as well as wholesale improvement in the way
content is created and delivered. Technology innovator
Amesite Inc.
(NASDAQ: AMST) (Profile) has
established a new paradigm in e-learning. The company has created
what is arguably the most advanced artificial intelligence driven
online learning platform in the entire industry. With the capacity
to upload an organization's entire training and educational
materials into a single point of access, Amesite’s customizable
SaaS (software-as-a-service) platform is engaging, easy to use and
delivers concrete measurable results. The company’s cloud-based
platform and content creation services uniquely provide fully
managed learning environments that easily integrate and work for
business, universities, and K-12 schools. Taking a different tack,
Chegg
Inc. (NYSE: CHGG) operates direct-to-student learning
platforms as well as provides digital textbook rentals, online
tutoring and other student services. SaaS behemoth Microsoft Corporation (NASDAQ: MSFT)
offers a portfolio of business training applications and Office 365
Education for students, faculty and staff to meet virtually, create
content and share resources. This transformation of the education
experience is made possible by technology from companies such as
Cloudflare Inc. Class A (NYSE: NET),
which protects and accelerates internet applications online without
adding hardware or installing software, and Zoom Video
Communications Inc. (NASDAQ: ZM), which easily
connects people through frictionless video, voice, chat and content
sharing across multiple devices and diverse locations.
- Eye-popping e-learning growth is projected — even post
pandemic.
- Revolution in education as sophisticated AI platforms deliver
results that work.
- Amesite is leading the industry with award-winning tech
platform.
- Disruptive SaaS platform delivers for education and learning
needs in schools and business.
Click here to view
the custom infographic of the Amesite
editorial.
e-learning + SaaS
There’s no doubt the e-learning market is booming, and
Software-as-a-Service (SaaS) platforms are marching in tandem. In
the highly lucrative SaaS business model, software is licensed on a
subscription basis and is centrally hosted. Each new customer
presents a long-term recurring revenue opportunity, and most SaaS
companies achieve eye-popping gross margins in the
70%–80% range. In the last 10 years, SaaS adoption has surged,
and e-learning looks to be the next frontier. Customers are
flocking to cloud-based SaaS platforms that provide more flexible,
reliable services without the headaches of developing or
maintaining expensive in-house software. Nearly all the 10.5%
growth in software spending that Gartner
predicted for 2020 was in cloud-based SaaS. After almost a decade
of growth in the SaaS industry, there’s still plenty of runway in
the SaaS market for record growth in the next few years and the
e-learning market is likely to accelerate the trend.
Solutions and Success
Riding a tsunami of SaaS and e-learning growth, AI software
company Amesite Inc.
(NASDAQ: AMST) is a disruptive SaaS platform
in a space that badly needs solutions. Amesite utilizes machine
learning algorithms that can identify and enhance the learning
patterns of people. This pattern recognition can personalize the
content for each individual and entire organizations. The failures
of pandemic-forced online learning exposed the difficulties and
vast disparities between in-person and online-learning as well as
the desperate need for improvements. All the while, businesses
continue to struggle to effectively train workers and seek
solutions that address their complex individual needs. Amesite’s
platform technology provides the solutions.
Amesite has proven that it has the technical prowess to create
and deliver systems that work across multiple applications and that
users love it. In fact, the company enjoys industry-leading
retention rates across all programs of 98%. Further testament to
platform efficacy and ease of use can be found in the whole
enterprise solution Amesite delivered for the Henry Ford Museum of
American Innovation. Private labeled inHub, the storied institution
was thrilled with the results and heaped praise on Amesite.
"Initial results indicate that inHub is an unparalleled
educational tool. Amesite's technology has made our system
scalable, flexible, and easy-to-use so that we can fully achieve
our goals of teaching and inspiring that next generation of
innovators and inventors," stated Patricia Mooradian, President and
CEO of The Henry Ford Museum. Amesite is rapidly ramping up
capabilities to deliver whole-organization solutions for companies
with large-scale educational, training and upskilling needs. After
such a successful Implementation of its SaaS ed-tech platform for
the Henry Ford Museum, Amesite announced it
will focus on lucrative whole enterprise solutions.
The company can quickly build programs from scratch or from
highly technical information, and Amesite ensures content stays
up-to-date. Customers can even use their own content. Amesite
provides its unique scalable platform through a cloud-based,
single-threaded, single-page application that easily integrates
with school and business educational tools and systems. The company
private labels its proprietary AI platform for customer branding,
and Amesite also enables the integration of best-in-class,
third-party tools and custom-built features. The company handles
all hosting, and any collected data is utilized only to enhance
algorithms to improve learning.
Suite of Scalable Products
Fundamentally different from competitors, Amesite’s suite of
scalable product offerings is built on AI technology, advanced data
analytics tools and machine-learning algorithms. This approach
allows courses to be flexible and customizable to individual
clients while remaining current and factually relevant. The
company’s AI platform drives engagement and delivers analytics that
provide actionable insights. Amesite offers customized AI
online-learning solutions for businesses, higher education and
K-12. The Amesite platform, because of its cutting-edge
architecture, is able to customize for its partners, as well.
The company’s tailored business solution requires zero training.
It can be launched in 24 hours and deploy a fully managed
enterprise learning platform with customized courses to acquire
job-specific certifications quickly and efficiently. The system is
loaded with analytics features to analyze trends and provides 24/7
dashboards as well as multiple autogenerated reports. Progress can
be tracked, and course corrections that work better can be made.
Business can now utilize real-time analytics to make informed
decisions while training and upskilling workers. The platform not
only increases business productivity, but also saves time and
money.
Amesite has replaced outdated interface designs and complicated
multi-click platforms and instead uses social media inspired
interface design that attracts students and keeps them engaged. The
platform has built-in video conferencing, an intuitive interface
and messaging functionality that allows teachers and students to
interact with each other. Content remains fresh and engaging, and
essential data analytics are incorporated to track progress and
identify where students need help.
Amesite’s out-of-the-box scalable solution uses familiar social
media formats that drives revenue for universities while allowing
instructors and students to interact and engage with each other
using upvotes and endorsements. The platform reduces administrative
work and provides actionable, real-time analytics to measure and
improve performance.
Recognized for Excellence
Amesite’s cloud-based platform won the Business Intelligence
Group’s 2020 BIG Innovation Award and was among a select group
recognized for bringing new ideas to life in innovative ways. More
importantly, Amesite has been showered with plaudits from the most
critical source — its users. To quote some: “The Amesite platform is a crucial benchmark for
the future of artificial intelligence-backed training and
upskilling programs,” and “it is built with a best-in-class
toolkit, is fully scalable and incorporates award-winning
technology.” And finally, “Everything about the Amesite platform —
the design, operation, automation, customization and customer
service — was outstanding."
Customers agree that Amesite delivers the most advanced,
artificial-intelligence driven, online learning platform in the
industry. This ed-tech, SaaS company uniquely provides both content
creation and a best-in-class infrastructure geared for success in
the multi-billion-dollar online learning markets in both business
and education.
In the Mix
The online education market has attracted multiple players, some
providing backbone services and others competing for clients.
Microsoft Corporation (NASDAQ: MSFT)
develops, licenses and supports a range of software products,
services and devices. It sells products and services through OEMs,
distributors and resellers, as well as directly through digital
marketplaces and online and retail stores. The company offers a
portfolio of business education applications and Office 365
Education for students, faculty and staff to meet, work together,
create content and share resources.
Cloudflare Inc. Class A (NYSE: NET)
designs and develops software solutions. The company provides an
integrated cloud-based security solution to secure a range of
combination of platforms including public cloud, private cloud,
on-premise, software-as-a-service applications and Internet of
Things (IoT) devices. Its security products comprise cloud
firewall, bot management, distributed denial of service, IoT,
SSL/TLS, secure origin connection and rate-limiting products.
Cloudflare protects and accelerates internet applications online
without adding hardware or installing software.
Chegg
Inc. (NYSE: CHGG) operates a direct-to-student
learning platform that supports students from high school to
college and into their careers with tools designed to help them to
learn their course materials, succeed in their classes and save
money on required materials. Chegg provides digital and physical
textbook rentals, online tutoring and other student services.
Zoom
Video Communications Inc. (NASDAQ: ZM) connects people
through frictionless video, voice, chat and content sharing, and
enables face-to-face video experiences for thousands of people in a
single meeting across disparate devices and locations. The
company’s cloud-native platform delivers reliable, high-quality
video that is easy to use, manage and deploy, is scalable, and
easily integrates with physical spaces and applications.
Its virtually certain that online learning will enjoy continued
expansion for years to come. Even post pandemic, online learning is
expected be integrated into nearly every facet of education. The
demand for customized and scalable online learning products a
single, easy-to-use format is likely to continue unabated.
For more information about Amesite Inc., visit
Amesite
Inc.
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