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The year 2020 is not remembered too
fondly, as it oversaw the novel coronavirus impact the whole world. Academic
institutes were forced to put an abrupt halt to their regular schedules. Since
no one knew about when they would come out of this indefinite break, academic
schedules were hindered.
To cope
with the current situation, educational institutes had to find innovative
solutions to get started on their schedules. This is where technology brought
in video conferencing tools such as Zoom which have been used for conducting
online classes.
In 2021,
we still have not been able to resume our regular lives. While we are getting
vaccinated, educational institutes are still using digital means to continue
organising classes online. Of course, at the beginning of the pandemic last
year, this was a challenge. Not everyone was well-equipped with operating
digital tools. However, as time passed, being fluent with online communication
tools has become a must-have skill for both teachers as well as students.
This
complete change of scenario has been instrumental in teaching us one thing –
learning can take place anywhere. Irrespective of the geographical locations,
the digital means of communication have made it possible for online classes to
be organised seamlessly. This has been a huge victory for the education industry, as the digital advancements of technology have helped ensure that
students can academically progress even though they are unable to step out of
their homes.
Another
aspect that has been affected due to the global pandemic is the change in the job
market. With COVID-19 understandably bringing an economic slowdown, working
professionals had to change their outlook to improve self-development.
The
previous curriculum used pre-pandemic was considered to be outdated and the
need of the hour called for a complete evaluation of the existing programs.
Various institutes introduced webinars and guest lectures by established
professionals for students to get a first-hand experience of their field and
business environment.
With an
increase in job layoffs and salary cuts, professionals realised the importance
of being able to take on multiple roles. This brought in the need for new-age
modules where corporate-sponsored courses were made available for employees.
This also
saw a rise in unconventional courses such as data analytics, supply chain
management, strategic management, and many others. Even the corporate world
started noticing the importance of these jobs and introduced many such
developmental programs.
This
pandemic has made us realise how new-age technologies such as Artificial
Intelligence can help make e-learning much more flexible, agile, and
responsive. This has resulted in education becoming much more interactive and
personalized.
If you
found this article interesting, stay tuned as our team at Avanse will bring
forth more of such articles to you. If you ever have any finance-related
queries on student loans or to learn about education loan benefits, feel free to get in touch with us. All the
best!
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.