The transformation of workplaces began at the start of the 21st century yet such change took much longer to implement in the education industry. The Ed Tech market was simply doling out newer versions of older items. Now it has suddenly exploded especially on the west coast of the USA which boasts of several billion dollar funded Ed Tech firms namely – Udacity, Age of Learning, Plural-sight and i-Tutor-Group. Ed Tech focused accelerators have also developed such as Imagine K 12. This business innovation is not just restricted to the USA, but has also gained ground in the UK. One of the largest accelerator programmes on the continent called Emerge Education is based in London which also hosts Ed-Tech-X-Europe which is its largest Ed tech conference. Lynda which does corporate training sessions on LinkedIn has received funding for over six billion US dollars.

Source: http://raconteur.net/technology/tech-is-transforming-teaching-and-learning