How does private investment improve the opportunity and quality of education in the digital economy?

Education can narrow the differences in achievements among people and help communities and individuals out of poverty.

With the increase in literacy rates around the world, the correlation between education and income has become more pronounced.

At the same time, the cost of education is also rising sharply.

If properly guided, private capital can stimulate innovation, provide quality education and democratize access to educational products and services.

Today's $6 trillion education market is undergoing a digital revolution and investment in the industry is maturing.

Limitations of the current model.

In the United States, the median weekly salary for people with only a high school degree is $712.

After getting a bachelor's degree, the median increases to $1173; if you get a professional degree, the median growth will more than double to $1836.

The median weekly wage for different levels of education.

At the same time, the cost of education has also increased.

In the past 10 years, tuition and fees at four-year private universities in the United States have risen 44 percent to $39529 in the 2015-16 academic year, an increase of more than $11000 from $27333 a decade ago.

Although public schools may be cheaper, the cost of education has also increased by 58 per cent from $12108 in 2005-06 to $19189 in 2015-16.

For most families seeking education in the United States, the economic commitment to education is untenable.

Americans now have 44 million student loan borrowers who owe more than $1.5 trillion.

?

Average tuition and fees of four-year universities in the United States.

Improve people's way of learning.

In an increasingly digital and data-driven world, students, teachers and parents all expect to use technology to improve learning outcomes and participation.

Many educational technology ("edtech") companies provide more efficient teacher guidance and student learning services.

Data, predictive analysis and artificial intelligence technologies make the learning experience more digital and personalized.

For teachers, companies like Abl Schools and ClassDojo are bringing data and digitization into the classroom through parent-teacher communication processes, digital courses, grade books and tutoring platforms.

For students, personalized learning technologies developed by private companies are helping them improve their learning performance.

For example, BYJU'S in India uses big data's analysis to form a personalized learning program to create a personalized learning experience for students through unique learning journeys, learning guidance, operational feedback and learning suggestions.

Improve the skills of employees in the new economy.

Changes in traditional industries are prompting companies to think about how to transfer resources and improve the skills of existing employees, whose work may be affected by technology and automation.

According to the McKinsey Global Institute, 375 million workers may need to upgrade their skills or move jobs by 2030.

In view of this, both employers and individuals are looking for digital tools to address the growing skills gap.

Digital technology provides new ways to deliver different content through different media, while companies such as Degreed,Thinkful and EVERFI have increased their investment in corporate education and training.

Reduce the cost of education.

Technology can help reduce costs and expand educational opportunities.

Companies including online lending companies CommonBond and SoFi provide low-cost financing platforms for graduate students from the world's leading schools.

Both companies use technology to simplify and speed up the process of obtaining loans for students.

By simplifying the process and eliminating "middlemen", companies are able to provide cheaper and easier financial assistance services.

Other companies, such as Future Fuel, focus on building infrastructure to make it easier for companies, platform providers and users to repay and refinance student loans.

Democratization of access to education.

Higher costs are also driving higher education institutions to provide more digital content.

Currently, 26% of graduate students complete courses online, which is the only growth in the graduate education sector.

The development of digitization, known as the field of large-scale open online courses (MOOC), has attracted the attention of many investors in the past decade.

Coursera, the largest MOOC platform, recently raised $103 million and has a market capitalization of more than $1 billion.

Through these large platforms, millions of students can take online courses at a lower cost.

Companies like Coursera are also working with higher education institutions to break degrees into smaller, cheaper education certificates.

Innovation allows other participants to work together to provide better educational outcomes, upgrade workers' skills according to changes in job needs, democratize access to products and services, and reduce the cost of education. so as to bring better development prospects for the educated.