China Online Education Group (COE) announced the unexpected success of the online e-learning program by publishing its third quarter 2016 report.
The numbers provided by the largest education platform in China surpassed every forecast with an 180.9 percent year-over-year increase in net revenues, and 135.2 percent in gross billings. The number of paying students doubled to 40 thousand from 2015, providing the program with over $135 billion gross billings contributed just by K-12 students. COE provides Chinese students with live one-on-one interactive English lessons taught by foreign teachers (mostly American ones) with either online or mobile platforms. The education program is a first effort to provide teaching courses in a fully digitalized environment, and takes full advantage of the informatics medium to pool all the data analyzed as well as teacher feedback in order to improve its efficiency year by year.
But the Chinese example is just one practical example of how digital learning and online E-learning courses may represent the future of human education in and out of schools. The integration of courses with social environments, the introduction of chatbots, and the use of chats to run Q&A sessions are just a few of the many elements that contributed to the quick evolution of E-learning since it was pioneered by giants such as Blackboard Inc. Even the appalling necessity of having to physically travel to a university or school to attend a course has been removed by the widespread diffusion of the web conferences. In a recently-published case study, the European Association of Distance Teaching Universities (EADTU) successfully used the ClickMeeting platform to manage several of its events with a dynamic series of webinars.