Introduction

The education industry combining itself with technology is doing wonders in some unexpected ways. With every new technological advancement the education industry is putting all the right foots. But everything that shines is not always gold. For any industry that aims to scale in this highly competitive market needs to stay ahead from a technological aspect.

Some Edtech businesses are in need to develop a custom software that helps them meet their needs, but finding the right IT professionals has become a challenging task especially when organizations are seen building remote teams to meet the skill scarcity gaps.

In this article we’ll cover what are some skill gaps present within the EdTech industry, its impact on business growth and how you can minimize the gaps.

Before, going into the details let us begin by understanding the EdTech industry from a global viewpoint.

EdTech Industry: A Viewpoint from Global Perspective

The education technology, i.e. EdTech industry has become one of the important sectors contributing towards the growth of the global economy. The global education technology market is projected to develop at a compound annual rate from 2024 to 2030, . growth rate (CAGR) of 13.4%.

In 2023, the market reached a valuation of USD 142.37 billion, according to analysts. This is not the end, we’ve a few more statistics to talk about that shows why the EdTech industry is a great success.

Cybersecurity threats:

The sensitive data going through EdTech platforms has increasingly attracted cyber criminals. Constant vigilance is very important with the assurance of strong defense in such serious attacks with data breach and cyber threats around which there needs to be critical, constant vigilance, and investment in sustaining.

Data Management and Analysis:

In this endeavor to personalize learning experiences and improve teaching and learning outcomes, educators need to collect, store, and competently analyze huge amounts of educational data. However, big data presents a huge technical challenge in gleaning useful meanings out of it.

User Interface and Experience:

Educational software should have simple and accessible user interfaces in order to be effective across different age groups and education levels. This often means extensive, resource-intensive user testing.

Cost Saving:

The more advanced features and scalability they need to build, the more development of cost savings EdTech solutions becomes a big challenge. Budget overruns lead EdTech companies to make trade-offs in features, scalability, or enhancement of security, just cutting the edge of being competitive and innovative.

This is intensified by the high costs related to the wages of EdTech development qualified staff who are able to correctly and fully operate both in the technical and educational domains.

Effective solutions to these IT problems must enable EdTech companies to provide smooth, safe, and effective yet economic educational experiences that either meet or exceed the requirements of standards for quality and innovation.

Now, finally let us understand how building a remote team can be a beneficial idea for EdTech organizations.

How Acquaint Softtech can help with Remote Team Setup?

The team of Acquaint Softtech helped one of our Singapore based clients in building a Remote team to turn their EdTech idea into a complete education solution.

The organization “RealSchool” was successful with our help as we helped them hire remote developers (3 in all, i.e. 2 React Native and 1 Node developer) and they also hired one QA and project manager to build a remote team that helped them achieve a successful project execution.

Read eLearning Software Development solutions to know everything about the project.

Wrapping Up!

This means the scale, making of 200% ARR, all through remote teaming an EdTech start-up is kind of a ratification of a windfall global digital collaboration that bodes change in the educational sector. Remote teams allow EdTech companies to fill critical skill gaps, enhance scalability and flexibility, positioning them to take advantage of the growing global demand for innovative educational solutions.

This is a way in which strategic partners at Acquaint Softtech, an IT Staff augmentation

company and software development outsourcing company helps companies get the right help to streamline their development process by helping them hire remote developers.