Many business houses in India are still owned by a single entity with the sole motto of profitmaximisation at every level and are run like a personal fiefdom with reckless and inconsequential labour laws. But things have started to change in education sector on account of many factors viz, a growing demand and enormous business opportunities. What drives this is technological solutions that is slowly revolutionising the education ecosystem at primary, secondary and higher levels.
An Education ERP system creates a single version of the system because everyone uses the same system. Education ERP improves workflow and the efficiency of an organisation. As India is one of fastest growing economies, both parents are working or living far away from the institution, frequent personal visits to the institution is no easy task. ERP enables them to have a closer look at their ward’s performance. At the institution level, ERP operates at two levels.
The first is academic which is aimed at improving the teaching and learning process and helps teachers to share their best with their students using articles, online exams and forums. The second and equally important function of ERP is commercial and begins with reaching out to prospective students, enrollment, revenue collection and fund raising by students as alumini. In all this, workflow processes move more rapidly than with traditional paper methods. Other takeaways for the educational institutions are data duplication, removal of human errors, and automation of routine tasks.
The Indian market was estimated at Rs 400 billion in 2011 and is anticipated to achieve at a CAGR of 25 per cent to reach Rs 1000 billion by 2015. In fact, many global firms today want to be in India and be part of the renewed vigour and thrust by Prime Minister Narendra Modi’s Digital India that aims to connect 1.2 billion plus Indians and delivering quality education in the hinterland and the otherwise inaccessible corners of India.