I’ll get to our today’s story shortly. The last two years saw all kinds of companies wanting to take a sip out of the giant Edtech punch bowl. Even the government did so, when it launched India’s new national education policy (NEP) in 2020. The NEP set out mandates for digitisation, incorporating technology in curriculums, and it put tech at the front and centre of the schooling system.
But it’s hard for these schools to implement NEP all by themselves. That’s where the world’s largest cloud service provider, Amazon Web Services (AWS), volunteered to help—not just the schools, but also the startups that want to help the schools.
It’s a large scale project.
There are about 25,000 premium- and mid-premium private schools each. And another 75,000 affordable private schools. Combining the total spending by students on core curriculum and supplemental content in these schools, the total addressable market is US$15.1 billion.
But here is the thing: schools need to take money out of their own budgets. And in general, schools have little to spare.
Like an executive in today’s story says: “Changing the way an educational institution functions is like turning an oil tanker. It turns, but it also takes time.”
The MMS lays out the scope for AWS with the Indian government’s policy to turn every school into an Edtech. And the challenges that can faze even the tech behemoth
