AI's Growing Role in Assessment: Investments Soar as Precision, Personalization Increase

AI is expected to become more prevalent in the coming years with assessments.

The global artificial intelligence market size was valued at USD 136.55 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030. This growth is driven by increasing investments in AI from tech giants such as Baidu, Inc., and a growing number of start-ups in the region.

AI can be used to improve assessment accuracy and precision, reduce human error, and drive down the cost of assessment. AI can also be used to generate new, high-quality test items around a body of knowledge, and even generate personalized assessment questions based on a student's interests. AI is already being used in education for tasks such as grading essays, providing feedback on online activity, and diagnosing reading and other academic issues.

The use of AI in assessment is expected to continue to grow in the coming years, as more organizations invest in testing research and development that results in better systems of diagnostic and formative assessments. AI can help break down silos between schools and between traditional grade levels, and provide students with a more personalized learning experience.

Citations:

1. https://bernardmarr.com/how-is-ai-used-in-education-real-world-examples-of-today-and-a-peek-into-the-future/
2. https://www.psmarketresearch.com/market-analysis/ai-in-education-market
3. https://www.americanprogress.org/article/future-testing-education-artificial-intelligence/
4. https://www.e-assessment.com/news/how-ai-is-transforming-the-education-and-assessment-industry/
5. https://www.forbes.com/sites/naveenjoshi/2022/08/02/7-ways-ai-will-affect-humans-in-our-future/#:~:text=The future of AI will see home robots having enhanced,carry out tasks more efficiently.
6. https://www.helpnetsecurity.com/2022/03/29/artificial-intelligence-market-2025/#:~:text=The artificial intelligence (AI) market,recent market study by Technavio.
7. https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market
8. https://www.ncfe.org.uk/all-articles/why-artificial-intelligence-in-assessment/
9. https://assessment.aon.com/en-us/blog/ai-in-assessment-8-questions-talent-professionals-must-answer
10. https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market#:~:text=The global artificial intelligence market,37.3%25 from 2023 to 2030.
11. https://www.simplilearn.com/advantages-and-disadvantages-of-artificial-intelligence-article
12. https://www.ncfe.org.uk/all-articles/why-artificial-intelligence-in-assessment/#:~:text=Examples include the use of,on a learner's online activity.