Singapore and Australia’s Education Sectors Tap Big Data Solutions To Drive Holistic Student Development
of the curve: Presbyterian Ladies College in Australia; Republic Polytechnic
and K-12 institutions in Singapore are working with decision intelligence and
big data upstart Latize to help their students develop
- Marks Latize’s entry into the education sector, following previous wins in the government, mining and resources and financial services sectors
Singapore/Sydney, 12 April 2017 - Following the announcement of acquiring its first Australian Government customer in New South Wales in December, Singapore’s IMDA-accredited Big Data leader Latize, has announced deals with educational institutions in Singapore and Australia.
These customer wins come at a time when the entire region is seeing an uptick in technology spending within the education sector. Technology spending in the higher education sector is expected to reach $10.4 billion in 2019, per research firm IDC, with opportunities abounding in personalised learning, collaborative education and Smart Campus initiatives. Meanwhile, technology spending for K-12 education will hit $21 billion by 2020, according to market intelligence provider Technavio (2016).
Vikram Mengi, co-founder and CEO of Latize said: “In Singapore, Latize is working with Republic Polytechnic, as well as a primary school around the holistic development of their students. We have made significant inroads into the education sector, buoyed by the support of the Info-communications Media Development Authority of Singapore (IMDA). This has helped establish us as a forerunner in leveraging big data in education and subsequently enabled us to bring a new – data-driven capabilities – to schools in Singapore and beyond – with the Presbyterian Ladies College in Perth, Western Australia’s leading school for girls – marking our first education sector win in Australia.”
Latize helps these institutions look beyond mere grades as a barometer for student development. The platform looks at qualitative aspects of student life such as co-curricular activities, educator feedback and character assessments. By augmenting the quantitative and qualitative values, Latize is able to suggest data-driven recommendations that go towards promoting holistic student development. Recommendations include activities that a student can undertake and courses that they can pursue.
“Whenever I looked at my own children’s report cards, I felt the focus was on reporting rather than suggestions and recommendations to further their development. Looking back over my own student life, not much has changed in almost thirty years! Our thinking was not just as data experts, but also as parents wanting the best for our children. There is so much data available to schools to leverage to make recommendations to teachers, counsellors, parents and the students, enhancing learning and development. Latize enters the fray as a SaaS provider to help institutions make smarter, data-driven institutions”, added Mengi.
“The Presbyterian Ladies College is excited to partner with Latize”, said Anna Hu, Director of Information and Learning Technologies at Presbyterian Ladies College. “Technology plays an ever-increasing role in education and we will always be at the forefront of innovation. Through this partnership, we will be able to leverage multiple streams of information and help our students achieve academic and non-academic excellence”, she added.
“In the Digital Economy, data is an invaluable asset that will help companies achieve greater business opportunity and remain competitive. Our Accreditation@IMDA programme will help companies such as Latize to win work, build their track record in both the government and enterprise sectors and assisting them in their international plans”, said Mr Khoong Hock Yun, Assistant Chief Executive (Development), Infocomm Media Development Authority.
The company has added education to its existing portfolio of customers in Government and the FSI industries, and is well placed to continue its growth. Latize is venture backed by Singapore-based investment firms including Tembusu ICT 1 Fund and SPRING Seeds Capital, and is looking to raise $5-$7 million in its Series A funding round to drive its expansion within Australia, and to the US.
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