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Knewton, an online education platform founded four years ago in NY by Jose Ferreira, has developed technology that collects data on students as they progress through their online classes, as the platform uses the data to adapt to the individuals unique learning style. Some of the metrics it uses are scores, speed, accuracy, delays, keystrokes, click-streams and drop-offs. The software has the capability of making anywhere from 5 million to 10 million adjustments every single day.

According to Forbes, in a partnership with Arizona State University, educational publisher Pearon offered online remedial math classes powered by Knewton and noted an increase in pass rate from 66% to 75% and a decrease in course drop-rate from 13% to 6%. More importantly, the teachers were able to track each students progress and needs.

Though it is estimated that the company only had a revenue of about $6 million, predictions put Knewtons revenues in four years to exceed $100 million. Ferreiras goal is to have all online education programs integrated with the Knewton software.

Forbes

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Knewton Looks to Transform Online Education