A Study on growth in Technology and Innovation across the globe in the Field of Education and Business

Abstract

Today, we are witnessing an immense digital transformation across the globe. Technology is accelerating innovations, agility, and business growth. Businesses are redefining their operations by incorporating types of technologies like Artificial Intelligence, Blockchain, Machine Learning, and Cloud Computing. Education is one of the unattended segments which can be lifted with the help of technology adoption. Higher Education institutions will accelerate the adoption of cloud-based technologies for Student Relationship Management (CRM), Learning Management Systems (LMS), Assessment Management, etc. The Covid-19 pandemic persuaded rapid digitization and automation which enabled businesses and Education to be flexible even in a time of crisis. Many enterprises adopted disruptive technology and changed their business models to keep up with the changing pace. The impact created by the pandemic will not fade away and the digital shift will remain forever. Moving with the imperfection will be difficult if companies or Education Institutions do not adopt the new technology trends. This study sheds light on some of the trending technologies in 2021 that need to be followed and adopted by businesses and Education Institutions in the current pandemic scenario. Advanced technology will continue to transform our lives and work by creating big opportunities for Education Institutions and industries worldwide.