VDE - EdTech Company Amesite CEO Sits Down With Benzinga To Discuss 2022 Successes And The Vision For 2023 Building A Promising Future Of AI In Learning
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By David Willey, Benzinga
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Amesite Inc. ’s (NASDAQ: AMST) CEO,Dr. Ann Marie Sastry, recently sat down for a chat with Benzinga todiscuss its past year of successful partnerships, and to look ahead toa promising 2023 for the Detroit-based company.
Sastry explained howAmesite is an educational technology (EdTech) software-as-a-service(SaaS) company helping modernize educational systems via itsartificial intelligence (AI) powered white-label eLearning services.Amesite doesn’t compete with the existing educationalinfrastructure, instead working with them to update their brandedprograms via Amesite’s system. With companies looking to upskill andreskill their workers and employees looking to adapt to anever-changing market, the corporateeLearning market is currently valued at $117 billion.
“We are proving ourtheory every day that most professional training as one segment willgo online - that is the future,” said Sastry. “And that onlinelearning has to be great in order for organizations to succeed, inorder for brands to succeed, and in order for people to move ahead.”It is this need for great online learning that Amesite is looking tosolve through its AI-driven platform.
Amesite serves clients across a range of sectors,including universities, businesses, museums, and government agencies.It operates in a similar market to companies like Coursera Inc. (NYSE: COUR) and Powerschool Holdings Inc. (NYSE: PWSC).
Sastry touted some majorpartnerships in 2022 that demonstrate the success ofAmesite’s transformative AI-implemented tools for modernizing thelearning experience. The company lauds its easy-to-use system thatmakes implementation seamless, with cutting-edge AI technology andproven results resulting in 99% retention of Amesite users.
Amesite’s collaborations included the EWIEGroup of Companies (EGC) , which launched 53 programs in onlyfour days to successfully upskill its global workforce. Amesite alsoworked with the National Association for Equal Opportunity in HigherEducation (NAFEO) - a league of historically black colleges with over700,000 living alumni - as well as with the CityUniversity of New York (CUNY) to provide professionalupskilling programs for students and alumni.
Looking Ahead To AStrong 2023
Theconversation included talk of Amesite and the future of AI inlearning, which Sastry believes is very promising. “We are veryexcited about the next six months,” she said. “We have positionedourselves to support the global education infrastructure,” with thecompany’s white label technology established in the four massiveeLearning sectors of higher education, business, ,museums, andgovernment.
Justas consumers have come to expect proper AI-integrated solutions inareas from navigation and banking to social media and shopping, thereis a growing expectation that education will adapt to a tech-drivenmarket. Sastry believes Amesite gives the education industry thenecessary tools to make this adaptation.
Amesite believes its industry-leadinginitiatives could be strengthened in 2023 by initiatives like the CreatingHelpful Incentives to Produce Semiconductors (CHIPS) Act . Thisbill provides $50 billion to boost the United States semiconductorindustry, including funding for education in the sector. According toSastry, the US lost its dominant position in this industry in partfrom falling behind in its upskilling and reskilling, a problem thatAmesite can help solve through its platform technology.
She ended the interviewon an upbeat note, with Amesite poised for a strong 2023 of helpingindustries leverage the power of AI to provide learning solutions forthe future.
Watchthe full video here:
To learn more aboutAmesite, visit its website here .
This article wasoriginally published on Benzinga here .
AmesiteInc., an artificial intelligence driven platform and course designer,provides online products in the United States. The company usesmachine learning to offer a mass customized experience to learners.Its customers include businesses, universities and colleges, K-12schools, and non-profit organizations. The company was incorporated in2017 and is headquartered in Detroit, Michigan.
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