Technology has transformed almost every aspect of our lives, and now it seems that education systems around the world are due for an update.
Educators are tapping into the digital revolution and adopting new technologies to help students reach their full potential, but can they adapt quickly enough to prepare children for the changing future of work?
The Growing Role of Tech in Classrooms
Today’s infographic from Best Education Degrees explores the different ways technology is transforming classrooms, and disrupting education as we know it.
The Next Generation
Although some might view technology as pervasive, for younger generations, it is ever-present.
Children and young adults make up one-third of all internet users, so it’s no surprise that they are more hyper-connected and digitally savvy than their parents.
The combination of evolving educational needs for children and a more uncertain future of work means that updating what children learn, and how they learn it, has become a crucial issue for schools and colleges—but what should be prioritized?
In a survey of 1,400 educators, the majority of them say they believe that classrooms of the future will be centered around self-paced and personalized learning.
This student-centric approach would allow children to choose their own pace and learning objectives based on individual interests—all of which could be guided by artificial intelligence, chatbots, and video-based learning.
Artificial intelligence in education typically focuses on identifying what a student does or doesn’t know, and then subsequently developing a personalized curricula for each student.
The AI-powered language learning platform Duolingo is one of the most downloaded education apps globally, with more than 50 million installs in 2018. The platform single-handedly challenges the notion of traditional learning, with a study showing that spending just 34 hours on the app equates to an entire university semester of language education.
AI-driven applications in education are still in their infancy, but Duolingo’s success demonstrates the growth potential in the sector. In fact, the nascent market for AI in education is expected to reach $6 billion by the year 2025. Over half of this will come from China and the U.S., with China leading globally.
Chatbots are also quickly becoming a fundamental tool in next generation education. Designed to simplify the interaction between student and computer, chatbots provide a wide range of benefits, including:
- Spaced interval learning: Uses algorithms and repetition to optimize memorization
- Immediate feedback: Papers can be graded with 92% accuracy and in a faster time than teachers
- Self-paced learning: Tracks a student’s performance and guides them based on their individual needs
This innovative technology is arming educators with new strategies for more engaged learning, whilst simultaneously reducing their workload.
Although video-based learning may not necessarily be considered as innovative as artificial intelligence or chatbots, 98% of educators view it as a vital component in personalized learning experiences. Most institutions report incorporating video into their curriculums in some way, but even higher demand for video-based learning may come from students in the near future.
This is due to the fact that video learning increases student satisfaction by 91%, and student achievements by 82%, which could be why educators are increasingly using video for tasks like:
- Providing material for student assignments
- Giving feedback on assignments
- Flipped instruction (blended learning) exercises
A flipped classroom overturns conventional learning by focusing on practical content that is delivered online and often outside the classroom.
The Battle Between Traditional and Tech
Flipping classrooms is a trend that has gained momentum in recent years—and may be considered to be a radical change in how students absorb information. The relatively new model also eliminates homework, by empowering students to work collaboratively on their tasks during class time.
Although new models of learning are disrupting the status quo of traditional learning, could the increasing amount of time children spend in front of screens be detrimental?
Research has shown that children are more likely to absorb information from books rather than screens. There has also been an evident increase in low-tech or tech-free schools that believe that human interaction is paramount when it comes to keeping children engaged and excited to learn.
Creating First-Class Humans
Although we may not be in the era of iTeachers just yet, the benefits of technology as teaching aids are undeniable. However, what is more important is that these aids are used in tandem with developmental and educational psychology—ultimately keeping students rather than technology at the core of education.
The future will be about pairing the artificial intelligence of computers with the cognitive, social and emotional capabilities of humans, so that we educate first-class humans, not second-class robots”
After all, how children develop these skills is perhaps less important than their ability to navigate change, as that is the only thing that will remain constant.
The World’s Biggest Startups: Top Unicorns of 2021
Here are the world’s biggest startups with a valuation above $10 billion.
The World’s Biggest Startups: Top Unicorns of 2021
Many entrepreneurs start businesses around the world, but only the most successful new companies become “unicorns”—the biggest startups with a valuation above $1 billion.
Some unicorns are little-known companies making quiet but impactful strides in software, healthcare, automotive, and other fields. Others have already become well-known industry leaders, like aerospace manufacturer SpaceX and game developer and publisher Epic Games.
In total, there are more than 800 unicorn startups globally. That said, this visualization specifically hones in on the world’s decacorns (unicorns with valuations above $10 billion) as of December 2021 according to CB Insights.
Private Startups Valued at Over $10 Billion
The world’s most prominent unicorns constantly see their valuations change as they enter different rounds of funding or maturity.
In December 2021, there were 35 startups with a valuation above $10 billion, spread out across different countries and industries.
|Canva||$40B||Australia||Internet software & services|
|Instacart||$39B||U.S.||Supply chain, logistics, & delivery|
|Databricks||$38B||U.S.||Data management & analytics|
|FTX||$25B||China (Hong Kong)||Fintech|
|Xiaohongshu||$20B||China||E-commerce & direct-to-consumer|
|J&T Express||$20B||Indonesia||Supply chain, logistics, & delivery|
|Fanatics||$18B||U.S.||E-commerce & direct-to-consumer|
|SHEIN||$15B||China||E-commerce & direct-to-consumer|
|goPuff||$15B||U.S.||E-commerce & direct-to-consumer|
|Grammarly||$13B||U.S.||Internet software & services|
|JUUL Labs||$12B||U.S.||Consumer & retail|
|GoodLeap||$12B||U.S.||Internet software & services|
|ZongMu Technology||$11.4B||China||Auto & transportation|
|Celonis||$11B||Germany||Data management & analytics|
|Weilong||$10.9B||China||Consumer & retail|
Many of the most valuable startups are already giants in their fields. For example, social media company Bytedance is the developer behind video network platform Douyin and its international version, TikTok, and has amassed a valuation of $140 billion.
Financial services and payment software company Stripe jumped from a valuation of $36 billion to $95 billion over the course of the COVID-19 pandemic.
Even less universally prominent names like Swedish fintech Klarna ($45.6 billion) and Australian graphic design platform Canva ($40.0 billion) are well known within their respective fields.
But private valuations don’t last forever. Many eventually go public, like electric vehicle maker and Tesla competitor Rivian, which had a valuation of $27.6 billion before listing on the NASDAQ.
The Biggest Startups by Industries and Countries
Breaking down the world’s biggest startups by industry highlights that tech is still king in most investing circles.
More than 77% of unicorns valued above $10 billion are categorized directly in tech-related fields, primarily in financial and commerce software.
|Startups Valued Above $10B By Industry||Number|
|E-commerce & direct-to-consumer||4|
|Internet software & services||3|
|Consumer & retail||2|
|Data management & analytics||2|
|Supply chain, logistics, & delivery||2|
|Auto & transportation||1|
And many of the unicorns categorized in non-tech fields are still technology companies at their core. In fact, Indonesia’s logistics and package delivery company J&T Express is one of the few unicorns not directly in tech, though it still uses automated sorting in its warehouses.
It was one of the few startups to come from somewhere other than the U.S. or China, which together accounted for over 70% of the 35 biggest startups. The UK (3) was the next most-frequently listed headquarters, while Australia, Brazil, Germany, India and Sweden each had one of these unicorns on the list.
With constantly fluctuating valuations and technological breakthroughs always around the corner, the next $10 billion unicorn could come from almost anywhere.
Ranked: The World’s Most Popular Social Networks, and Who Owns Them
When it comes to social networks, Meta is the dominant player, with a combined total of 7.5 billion MAUs across its four platforms.
The World’s Most Popular Social Networks, and Who Owns Them
Currently, there are over 4.5 billion people around the world who use some form of social media—about 57% of the global population.
Yet, while social media’s audience is widespread and diverse, just a handful of companies control a majority of the world’s most popular social media platforms. Meta, the tech giant formerly known as Facebook, owns four of the five most widely used platforms.
This graphic highlights the biggest social networks across the globe, measured by their monthly active users (MAUs).
Note: We’ll be using terms like “social network” and “social platform” interchangeably to refer to various messaging, video, and image-sharing platforms that have social attributes built in.
Top Social Platforms by Monthly Active Users
To measure each platform’s MAUs, we dug into various sources, including the most recent company SEC filings, and quarterly earnings reports.
A majority of Meta’s user base comes from its most popular platform, Facebook—the social media giant currently has around 2.9 billion MAUs worldwide.
|Rank||Platform name||Parent company||Country||Monthly active users, in millions|
|#25||Line||Naver||🇰🇷 South Korea||169|
|#27||Likee||Bigo Live||🇸🇬 Singapore||150|
Where in the world are Facebook users located? The platform’s biggest user base comes from India, with an audience size of almost 350 million. Its second-largest user base is the United States, with 193.9 million users, while Indonesia comes in third with 142.5 million.
But Facebook isn’t the only social giant in Meta’s network of platforms. WhatsApp has approximately 2 billion MAUs, making it Meta’s second-largest platform, and the third-largest social network overall.
Like Facebook, a significant number of WhatsApp users are located in India, with roughly 390 million users. Brazil has a large portion of WhatsApp users as well, with an audience size of 108 million.
The Billion Users Club
Meta currently dominates the social network landscape, with a combined total of 7.5 billion MAUs across all four of its platforms. However, a few other companies also hit the one billion MAU mark across all their platforms on the list:
|Rank||Parent company||# of companies on the list||Country||Combined MUAs|
|1||Meta||4||🇺🇸 U.S.||7.5 billion|
|2||Tencent||3||🇨🇳 China||2.4 billion|
|3||Alphabet||1||🇺🇸 U.S.||2.3 billion|
|4||Bytedance||2||🇨🇳 China||1.6 billion|
|5||Kuaishou||1||🇨🇳 China||1 billion|
After Meta, Tencent has the second-highest reach thanks to its three platforms—WeChat, Qzone, and QQ. Of the three, WeChat is currently the most popular. On average, WeChat users send about 45 billion messages a day.
Third on the list is Alphabet, thanks to its one platform, YouTube. Founded in 2005, this video streaming platform currently has over 50 million content creators, who share approximately 500 hours of video content every minute.
Close behind Alphabet is Bytedance, with a combined 1.6 billion MAUs across its two platforms—Douyin and its international counterpart TikTok. While the apps share a lot of similarities, they function as completely separate entities, with different registration, content policies, and regulations.
Global Social Networks? Not Always
While social media networks often transcend country borders, it’s worth noting that the online realm does not completely escape the constraints and regulations of our physical world.
Since 2009, Facebook has been banned in China for not complying with censorship rules. Facebook was also blocked in Iran and Syria around the same time and has been blocked sporadically since.
In 2020, the Trump administration tried to enact a similar ban against TikTok, but the order was blocked by a federal judge and eventually revoked by the Biden administration a year later.
Despite various bans and roadblocks, it’s clear that social media platforms have seeped into the lives (and onto the screens) of users across the globe. And as internet access worldwide continues to grow, so too will the number of social media users.
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