VDE - From Integrating AI To Strictly Protecting Client Data How Online Education Company Amesite Inc Is Doing Things Differently To Disrupt Learning
(NewsDirect)
Click here todownload the latest research report on Amesite
Amesite Inc. (NASDAQ: AMST) CEO Dr. Ann Marie Sastry recently delivereda presentation at a leading Micro-Cap conference hosted bySidoti & Company LLC. As an online platform and product developerpowered by artificial intelligence (AI), Amesite is positioning itselfto disrupt the current educational model. It plans to accomplish thiswith its robust, technology-first approach.
In her presentation,Sastry set out how Detroit-based Amesite has the goal of becoming aleading education specialist for delivering improved e-learningexperiences and outcomes. In 2022 Amesite started a collaborationwith Microsoft for the use of its Azure cloud, and it wasfeatured in a story on Microsoft’s website. In February of 2023, itofficially adopted GPT-3, the technology behind ChatGPT, onto itslearning management system (LMS). In April, it launched theanticipated Version 6.0 (V6) of its platform.
V6 is integrated with GPT-4, the AI systempowering Bing and ChatGPT Plus. Amesite’s platform now includes AIcapabilities such as learning and creative assistants, as well as a free course on GPTfundamentals . Its generative AI capabilities mean that theplatform now allows customers to create features like educationalgames, interactive learning experiences, leaderboards and otherlearning incentives.
A Strong Position In A GrowingMarket
Amesite’s vision for education and upskilling is for learnersnot to be educated in silos but instead, be brought into a largerlearning community. The company provides a top-tier learningmanagement system (LMS) that sits at the intersection of severalindustries, including AI, online education and software-as-a-service(SaaS). Amesite believes it can harness the growth of each of thesemarkets to scale its customer base and grow revenue.
Each market is poisedfor significant growth in the next decade. The AI market was worth $136 billion in 2022 and is expected to grow at acompound annual growth rate (CAGR) of 37.3% between 2023 and 2030.Meanwhile, the SaaS market is expected to grow from $167billion in 2022 to $462 billion by 2028 , at a CAGR of 18.5%during the forecast period, and online education is projected to reacha value of $602billion by 2030 , growing at a CAGR of 17.2% over2023-2030.
Amesite already works withnumerous universities, museums, government agencies and businesses todeliver its suite of online products. Its LMS delivers a 99% retentionrate across its paid products, compared with a 60%industry average retention rate .
How Amesite Is DoingEducation Differently
Something that differentiates Amesite’s position in themarket is its approach to client data. While it uses analytics toimprove customer experience, the company has a strict approach ofnever selling data to third parties or using data for exploitativepurposes.
Amesitealso delivers what Sastry described as the best-in-class code andarchitecture in its LMS. Its V6 platform tools enable the integrationof thousands of application programming interfaces (APIs). These APIs,along with Amesite’s collaboration with Microsoft, mean thatAmesite’s offerings are easily scalable, and are capable of fast andefficient product delivery. Its robust architecture allows the companyto continuously integrate improvements into the system.
In a case study releasedearlier this year, Amesite revealed it was able to onboard 50 courses in fourdays for its client, the leading commodity management companyEWIE Group of Companies (EGC). On average, Amesite is able to providea custom-branded, enterprise-scale system for clients within just 24hours, and its easy-to-use platform means custom-developed content isfully accessible within only one month.
Other companies in the space include Coursera Inc. (NYSE: COUR), 2U (NASDAQ: TWOU) and Powerschool Holdings Inc. (NYSE: PWSC). According to Amesite– citing data from a third-party source – Amesite has a higherpositive consumer sentiment score and a lower negative sentiment scorethan any of its competitors.
Learn more abouthow Amesite is disrupting education with AI.
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.
This postcontains sponsored advertising content. This content is forinformational purposes only and not intended to be investingadvice.
Contact Details
Amesite,Inc.
+1 734-876-8141
CompanyWebsite
Copyright (c) 2023 TheNewswire - All rights reserved.