The use of artificial intelligence in education is expected to explode to a worldwide market value of $6 billion over the next six years, with about 20 percent of that growth coming from applications for U.S. K-12 classrooms and consumers, according to a report by Global Market Insights. In fact, the U.S. education market combined--consisting of K-12, higher education and corporate training--represents more than half of that anticipated growth, reaching about $3.4 billion by 2024. Of that, about $1.2 billion is expected to come from K-12 uses, the Selbyville, Del.-based market research firm indicated. That's a far cry from where the nascent industry started. In 2017, artificial intelligence--broadly defined as the attempt to simulate intelligent behavior in computers that is similar to the functions of human behavior--accounted for more than $400 million among all education segments worldwide, including higher education and corporate training purposes, according to the study.

Artificial Intelligence In E-Learning Market Report is a new addition to QYReports warehouse. This statistical study reports existing scenario of the market to closely examine the different stages of the businesses. It highlights the past records of profit margin and also predicts future growth. This informative study is expected to guide the new entrants as well as existing key players in the global sector. Artificial Intelligence in E-Learning market has ascended as one of the primary AI application verticals owing to the limitless potential in innovations and ability to accelerate the learning process. Growing reputation of AI applications has created a platform for facilitating the knowledge acquisition and decision-making systems that support the educational institutions in effecting student development.

Students and faculty in several of Colorado State University's online programs will begin using "intelligent tutoring" technology in courses this fall. This comes as CSU Online announced last week a new partnership with Cognii, Inc., a leading provider of Artificial Intelligence-based educational technology. CSU faculty and instructional designers will work with Cognii to develop learning and assessment tools powered by Cognii's Virtual Learning Assistant, which is designed to improve students' learning outcomes, increase instructors' productivity, and enable high-quality personalized education at a large scale. "The use of Cognii in the classroom is expected to improve learning outcomes, turning assessment into learning while enhancing the effectiveness of the time our faculty devote to teaching," said Mike Palmquist, CSU's Associate Provost for Instructional Innovation. "Through this partnership, CSU is on the cutting edge of recent research and innovation in the fields of natural language processing, cognitive sciences, and machine learning, and an example of how the University is taking bold steps toward transforming access to quality education."