Digitizing Education: A Cost Benefit Analysis

Abstract

Use of technology has become a common practice in today’s world. As the world is moving rapidly towards digital media, the role of IT in education has become increasingly important. Development of digitization can be outstanding if it can be utilized in education, research and extension activities which can be cost effective. The paper attempts to understand whether traditional approach of education can be replaced by digital mode of education or not?. This paper tries to focus upon three things Firstly; it exhibits the transition of education from a traditional educational approach to digitized approach. Secondly, it analyses the associated cost and benefits of digitized education in today’s society. Finally, it attempts to propose few mechanism for incorporating digitized education and its impact in higher education scenario towards building India as a Technoscape for future advancement. The work has been analyzed using secondary data, which has further been forecasted to draw comparison between the education without implementing digitization & digitized education & is therefore quantitative research based. Finally, the outcome drawn from the study exhibits that there is a viability of 90.4% percent for education to be digitized that has been forecasted in the study for the year 2014-2015 to 2015-2016. Whereas, at the cost side of digitization it is observed that it would be an effective step in terms of both cost and quality of learning.