The Coronavirus Pandemic has emptied conventional schools and made alternative solutions a sudden and immediate concern. Classting ($PRIVATE:CLASSTING), a South Korean headquartered online classroom platform, is hoping to make the grade.
If the jump in classrooms is any indication, it may be able to leave an indelible mark. Starting the year at around 366,000 classes and currently sitting at approximately 402,000, the increase is far above trend.
Not every digital education provider is finding itself on such good terms. Chegg, another digital resource, but largely known for textbook rentals, see shares falling as classrooms move online.
Teachers are facing a need to adapt to new mediums and methods without much in terms of warning or preparations. Curriculums that were designed for traditional face-to-face classrooms are being modified to accommodate teledistance.
As all physical classrooms are shut down, from elementary, high school, to college levels, no educational platform is left unchanged or unchallenged. This chart here, of course, represents online courses. The additional burden this places on poverty stricken households or rural communities without adequate internet connectivity is unknown.
Meanwhile, when we emerge from quarantine, many will be asking if the investment and pivot to online classroom architecture will change the long-term face of education. Once we see activity at businesses like Classting plateau once again, we'll have a better sense as to what sticks.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.