Artificial Intelligence to Play Instrumental Role in Future of Higher Education

Many researchers believe that Artificial Intelligence (AI) has more potential to change higher education than any other technology. The potential and impact of AI on teaching have prompted some colleges and universities to take a closer look at it, accelerating its adoption across campuses. For perspective, the global AI market is projected to reach almost $170 billion by 2025. By 2028, the AI market size is expected to gain momentum by reaching over $360 billion, registering a growth rate of 33.6 percent between 2021 and 2028, according to a research firm Fortune Business Insights' report. The market is mostly segmented into Machine Learning, Natural Language Processing (NLP), image processing, and speech recognition. Other research conducted by Klutka et al. back in 2018 listed the following goals for AI in higher education, all of which are now emerging as reality: AI technology and Machine Learning (ML) can increase the level of education bringing countless benefits to both students and faculty.