00:00Education and AI, have you ever wondered how much it will cost to implement AI in the education
00:18or edtech industry?
00:19In this video, we are going to talk about the implementation cost of AI in an edtech
00:24platform.
00:25Let's get started.
00:27We are going to divide this video into multiple parts based on the user type.
00:33User type number 1, Students.
00:35User type number 2, Teachers.
00:38User type number 3, Administrative staff in the education field.
00:43User type number 4, Parents.
00:46In general, we are going to discuss about how much roughly it is going to cost of implementing
00:51AI feature by feature, module by module for each of this user type.
00:57Let's get started with the features for students.
01:01The first one in the list is Adaptive Learning Algorithm.
01:05If developed in the correct way, it is going to suggest personalized content for the students
01:09so that they can understand the data and understand the whole concept very easily.
01:15Roughly this is going to cost around $8000 to $10,000.
01:21Type number 2, Chatbots and Virtual Tutors.
01:24It is very easy for students to sneak in at night and start learning and this is something
01:30where they will have a teacher available genuinely 24x7.
01:35With AI-enabled chatbots, it would be very easy for the students to ask questions and
01:40get the answers and in case they are not satisfied with the answers, then they can get in touch
01:45with a real teacher.
01:47Roughly this thing is going to cost around $15,000.
01:54Point number 3, Speech Recognition Tool with AI.
01:58As I mentioned in the first part, the communication between the chatbot and the student can be
02:04very streamlined with a wonderfully equipped chat integration.
02:08Now this can further be enhanced with Speech Recognition Tool wherein student can ask questions
02:14in any language and the tool would give the answer finding from the database and providing
02:20in very informative content.
02:22This is roughly going to cost around $18,000 to $23,000 based on the complexity.
02:31Personalized Learning Recommendation Tool.
02:33The feature uses AI to suggest relevant study materials and resources based on the student's
02:38performance and preferences.
02:41This would roughly cost around $8,000 to $10,000.
02:45The fifth one in the list is AI Power Simulation and Virtual Labs with AI.
02:51It provides hands-on learning experience in a virtual environment.
02:55Now this can be implemented in various fields of education.
02:59These tools are especially useful for STEM education.
03:03Now this would cost around $20,000 for a basic implementation and can go up to a lot more
03:09based on the complexity.
03:12We need to understand that these are very rough costs because the scope of implementing
03:17simulations and virtual labs is very huge.
03:21The sixth one in the list is Accessibility Enhancement Tools for AI Education.
03:28Now it ensures that educational content is accessible to all students including those
03:33with disabilities.
03:35Basic version of this can be implemented in around $12,000.
03:40The seventh one, very famous, is Content Generation Tool.
03:45The tool basically uses AI to create summarized educational content.
03:49This can be useful across all the user type and can easily be integrated with existing
03:54models.
03:55The implementation of this would cost around $8,000.
03:59Let's move to the new user type, Teachers.
04:02The first one in the list for teachers is Predictive Analytics Tool with AI.
04:08It basically helps teachers to identify students at risk of falling behind.
04:13AI analyzes historical data to predict future performance enabling timely interventions.
04:19Now this would roughly cost around $9,000 to around $15,000 and this can be as simple
04:25as analyzing the marks of the students and the performance versus understanding their
04:29interactions with the other part of the system.
04:32The second one in the list is Behavioral Analytics Tool.
04:36It basically helps to track students' behavior and engagement level.
04:40And a basic version of this can be developed in as low as around $8,000 to $10,000 and
04:46can go up to way more than this depending on the complexity you need.
04:52The third one in the list is Dynamic Assessment Tools in Education.
04:57It basically creates adaptive assessments to change in real life based on the students'
05:03response.
05:04This would roughly cost around $15,000.
05:08The fourth one in the list is Real-Time Classroom Analytics.
05:12Now this tool provides teachers with live insights into students' performance and engagement
05:17during a lesson.
05:19This would turn very very useful for teachers to understand and change their teaching method.
05:25This would roughly cost around $15,000 to $20,000.
05:30Coming to the next one, AI-Powered Lesson Planning Feature.
05:34Now this can be an interesting tool.
05:36This would help teachers in creating effective lessons based on the students' behavior and
05:40interaction.
05:42If implemented in a very easy way, it would cost around $7,000 and can go way up to $50,000
05:49based on the integration and based on the data parameters you want to consider.
05:54The sixth one in the list is Teacher Assistance and Chatbot.
05:58Same as we have developed for students, we can develop similar thing for teachers as
06:03well.
06:04And that can cost around $15,000 which would help teacher to avoid doing routine tasks
06:09and use wonderful chatbots to manage their activities.
06:13The seventh one in the list is Voice-to-Text Solution.
06:17A teacher helps to write a lot of things and with voice-to-text solutions, it is going
06:22to cost around $12,000.
06:24This would help teachers to speak and take notes which would be converted into text and
06:28shared with students.
06:30Now moving to the next user type, that is Administrative Staff.
06:34The first one in the list for the administrative task is AI-Driven Involvement and Admission
06:39System.
06:40It basically streamlines the application process by automating the data collection, verification
06:45and decision making.
06:47This would roughly cost you around $7,000 to $10,000.
06:51The second one in the list is Intelligent Scheduling System.
06:54The system uses AI to optimize class schedules, room assignment, and resource allocation
07:00and that would help an educational institute to reduce down the resources hence reducing
07:04the cost.
07:06Implementation of this can be as low as $8,000.
07:11The third one for them is Plagiarism Detection Tool.
07:14The system uses AI to analyze student submission and detect potential instances for plagiarism
07:19by comparing content with vast database of sources.
07:23And this is a very simple module and would cost around $5,000 with third party integrations.
07:29Coming to the last section of the user type, that is Parents.
07:34The first one for the parents is Automated Progress Report Tool.
07:38The tool basically uses AI to generate detailed and timely updates for child's academic performance,
07:44attendance and behavior.
07:46This can simply be pulled with the data within really good algorithm.
07:50This is going to cost you around $10,000 based on the complexity.
07:55Now second one is Adaptive Parental Guides with Artificial Intelligence.
08:00It basically provides personalized advice and resources based on the child's academic
08:04progress and behavioral patterns.
08:07Now this can be as simple as $10,000 and go up to $100,000 based on the complexity.
08:17I hope this video was very informative for you in implementing AI in edtech.
08:24Stay tuned for such wonderful content.
08:26In case you are planning to develop an education application with or without AI or any software
08:32development, get in touch with us at sales at ibixer.com.
08:36You can also reach me at www.ibixer.com and have a look at the wonderful blog in the description
08:44with very much detailed pricing.
08:46Stay tuned, deep from ibixo.
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