According to the latest data from Global Market Insights, the AI in education market is valued at approximately $4 billion (compared to $537 million in 2018). Technology is becoming in demand as it personalizes the educational process, automates routine tasks, and increases teachers' and students' work efficiency and speed. There are also deferred prospects, such as training of more qualified personnel, economic growth, and other advantages.
Just as AI is reshaping education and business, it is also making waves in the gaming industry, transforming the way players experience and engage with their favorite titles. Game boosting, a practice that has gained significant traction in recent years, is being redefined by AI-driven innovations. Boosting, in principle, is becoming more and more popular, even without AI technologies, because it helps players spend less time developing in the game, but at the same time get strong accounts. For example, in the game World of Warcraft, it is possible to purchase WoW gold, complete dungeons and raids, and so on. Also, some calculators are written based on AI to calculate various values in the game. But let's explore how AI helps in learning.
How AI is changing education
Optimization of routine tasks
According to McKinsey, teachers spend up to 40% of their time grading assignments, reporting, and other routine tasks. AI helps reduce workload and free up hours for more personalized and creative work with students. The AI-based program Gradescope allows teachers to automatically check standard assignments in various subjects in schools and universities and assign grades. The Presto service helps prepare educational content for classes. To do this, just load definitions from textbooks, lesson materials, or other text into the program - based on this, the AI generates tests, quizzes, and interactive cards. Chatbots with AI support also optimize routines. For example, Brainly is a platform where a chatbot helps students answer questions on various subjects, gives hints, and explains the answers. To solve daily problems, you can use ChatGPT: it will help you create more creative materials for lessons, develop a curriculum, create assignments, find additional examples, and help students understand the material - the program becomes a tutor available 24/7.
Process personalization
Artificial intelligence helps teachers identify students' weak points and help them overcome difficulties. In 2017, educational platform Carnegie Learning released MATHia, the first AI-powered intelligent math tutor. The technology is still successfully used on the platform to this day and gives each student a personalized learning experience, adapting to their needs and pace. In 2019, Carnegie Learning won its 4th AI Education Award.
The service for learning foreign languages, Duolingo, uses programs where AI selects the complexity and speed of lessons for each user.
How AI is used in business education
Here, artificial intelligence can make the learning process more effective and develop the skills and competencies of both employees and top managers. Let's give examples and advantages of using it in this direction.
Automation of training sessions and training
The format of classic sessions or business games is becoming less relevant - each business case is unique and requires greater personalization. Industry Masters solves this problem using AI and runs business simulations that simulate work situations where employees take on different roles and make individual decisions that impact the company.
AI here is used as a virtual manager and offers recommendations that can be accepted, rejected, or changed. As participants better understand the simulation tasks, they rely less on virtual assistants and begin to trust their own intuition and knowledge. This allows you to explore the consequences of your decisions and gain practical experience without risking your business.
Analysis of the learning process and results
AI is used to analyze learning progress and work with educational materials. Cognii for Business Education uses AI-powered textbooks so students can practice whenever they want and receive immediate grades and feedback. In addition, as part of the course, the algorithm collects reports on where exactly corporate training is successful and where changes or intervention by a trainer may be required.
Working with data and identifying trends
AI allows you to analyze huge amounts of data from various sources to identify trends, make predictions, and make informed decisions, including strategic ones. For example, IBM Watson Analytics, a business intelligence platform using AI, helps with all this.
Cons of AI in education
One of the disadvantages of using artificial intelligence in education may be the loss of the human factor. Students may feel isolated from teachers and colleagues, which can lead to poor motivation and learning outcomes. Additionally, some teachers may fear that AI will replace their jobs, which could lead to decreased moral motivation and professional self-esteem. Another drawback could be AI's limitations in understanding context and emotions, which could lead to poor decisions and judgments.
In business, economics, and education, when AI programs become the industry standard, an important skill will be learning how to effectively interact with them. The ability to work with such systems will be one of the important criteria when hiring an employee. His effectiveness, independence, and ability to solve complex problems depend on this. Therefore, for fast and full-fledged work, it is already necessary to study AI products.