By Kanhaiya Kumar
In recent years, the education industry has experienced radical changes, such as the transition from pen and paper to smartphones, tablets and computers for teaching and studying. There is still a lot of room for improvement in the education system, both for students and teachers, to make all procedures simple, efficient and relevant. One of the biggest challenges for schools is student involvement. Nonetheless, schools are now focusing on building a centralized ERP (Enterprise Resource Planning) system to manage the various areas of the school and education system. The school is becoming more demanding every day. The use of technologies like artificial intelligence and cloud commuting in the classroom has made it easier for schools to maintain a positive learning environment.
According to the latest report from Modor Intelligence, the global ERP market size for schools was estimated at US$8.05 billion in 2020 and is projected to reach US$18.82 billion by 2026, growing at a CAGR of 16.2 % is equivalent to. According to the survey, the APAC region, especially India, is the fastest growing market. It goes on to say that schools will eagerly jump on the ERP wave and help the global market evolve over time.
Implementation of an ERP system for institutions
Education ERP software is a web-based integrated software designed for educational institutions such as schools and colleges. It enables the automation of all important processes within an organization and serves as the basis for a comprehensive Management Information System (MIS). Educational institutions are indeed dealing with a wealth of data and information. Maintaining the date and time of the information processed when processing and storing such a large amount of data and information in the form of records is a time-consuming task.
In addition, educational institutions manage exams, admissions, accounts, web portals, procurement of school supplies and staff, all of which require meticulous attention to detail. This software gives the institution complete control over all processes and activities, allowing it to eliminate any challenges that arise during operations. However, this software also offers exceptional performance to achieve efficiency and workflow.
Obstacles accompany opportunities. The requirements are difficult for schools to determine. Schools face another challenge in the form of training programs. The workforce is resistant to new systems because they do not want to interrupt their daily work. A robust training program is required to convince them to adopt the new school ERP system. Education industries have different constraints that need to be addressed independently. A lack of infrastructure to manage the ERP system is another challenge. Because ERP systems are expensive, many schools are unwilling to install them.
ERP software is the perfect digital solution for educational institutions. Managing staff, exam information, fee accounts, web portals, Management Information System (MIS), and library books becomes a breeze. ERP software enables complete control over all activities in educational institutions and connects all departments including academic, financial, administrative, infrastructure and communication. This facilitates the exchange of information between departments and ensures that all information is stored on a central server for anytime access.
ERP solutions are also a huge plus for schools as they help make important decisions in a highly competitive market. Having complete control over day-to-day activities and being able to generate insightful reports is undoubtedly the way to gain a competitive advantage soon.
Conclusion: the future
In short, artificial intelligence (AI) and cloud computing are the driving forces that prepare students to be the best version of themselves while helping educators. Therefore, implementing ed-tech like an ERP system is a win-win deal for everyone involved! It certainly holds a bright future for educational institutions and based on the facts and recent reports on edTech, it will be booming by the end of 2022! As a result, it is fair to say that ERP is growing steadily and is shaping the future of education system in India.
The author is the founder and CEO of School Canvas
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