EpicQuest Education to Strategically Integrate AI into its Operations and Academic Programming

Rhea-AI Summary

EpicQuest Education Group International (NASDAQ: EEIQ) has announced a strategic plan to integrate AI into its operations and academic programming. The company aims to leverage AI to improve student learning, achievement, and internationalization efforts at its operated colleges, Davis University and EduGlobal College.

Key aspects of the AI integration include:

• Customized instruction and adaptive learning
• Real-time translation for non-native speakers
• AI-driven data analytics for student performance
• Enhanced recruiting and admission processes
• Improved cross-cultural partnerships

CFO Zhenyu Wu emphasized that this initiative aligns with EEIQ's mission of internationalization and its goal to become a leader in early AI adoption within higher education.

Positive

• Strategic integration of AI into operations and academic programming
• Potential improvement in student engagement and achievement through AI-powered tutoring
• Enhanced internationalization efforts through AI-driven language support and cross-cultural partnerships
• Planned implementation of AI-driven data analytics for student performance and course effectiveness

Negative

• None.

Tech Expert

EpicQuest Education's strategic plan to integrate AI into its operations and academic programming is a notable move in the education sector. The integration of AI can transform several facets of higher education, from customized learning experiences to advanced analytics on student performance.

Customized instruction and adaptive learning are at the forefront of this AI application. These technologies allow for personalized education, catering to individual student's learning speeds and styles. This level of personalization can significantly improve student engagement and outcomes, making learning more efficient and enjoyable.

The use of text-to-speech and real-time translation tools can break language barriers, aiding international students in better understanding course material. This can enhance the global appeal of EpicQuest’s institutions, making them more attractive to a diverse student body.

However, the success of this initiative depends on the effective implementation of AI technologies. Challenges may include the integration of these tools with existing systems, ensuring data privacy and training staff to effectively use new technologies. If managed well, the blend of AI and traditional tutoring could set a benchmark in the ed-tech landscape.

Financial Analyst

From a financial perspective, integrating AI into EpicQuest Education’s operations and academic programming could yield significant benefits. The use of AI can lead to operational efficiencies by automating administrative tasks, thus reducing costs associated with human labor in these areas. Additionally, the enhanced educational outcomes that AI promises could attract more students, thereby increasing enrollment and potentially boosting revenue.

The impact on ROI for students is also noteworthy. AI-driven platforms can provide real-time feedback and early intervention, potentially improving graduation rates and student success. This could make the institutions more appealing to prospective students and their families, who often weigh educational investment against future career prospects.

However, it’s important to consider the initial investment required for such an AI integration. This could be substantial and the benefits might not be immediately visible. Investors should monitor how EpicQuest manages these initial expenses and how quickly they can realize the expected returns on these investments.

The Integration of AI in EEIQ's Davis University and EduGlobal College Expected to Improve Academic Outcomes

MIDDLETOWN, Ohio, July 17, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that it has embarked on a strategic plan to integrate AI into an array of its operations as well as to leverage AI to improve student learning and achievement.

"We believe that AI will bolster our mission of internationalization since it will help to bridge language barriers, bolster recruiting and admission, and optimize current and future cross-cultural partnerships," said Zhenyu Wu, CFO of EpicQuest Education. "We plan to integrate AI into a wide spectrum of our business activities and believe that AI will revolutionize the way that institutions of higher learning function. EpicQuest Education plans to be a leader in the early adoption of this new and exciting technology."

On July 4, CFO Zhenyu Wu delivered a presentation entitled 'Higher Education in the Age of Artificial Intelligence' at an event hosted by Davis University in Beijing. Among the many examples of the benefits of AI cited are customized instruction, text-to-speech technology, real-time translation for non-native speakers, new educational programming and AI-driven data analytics.

"Our planned AI-powered tutoring and learning platform will provide adaptive learning, real-time feedback and 24/7 availability, all of which have the potential to vastly improve student engagement and achievement. Our approach is to provide a blended model of both AI and traditional tutors which combines the benefits of targeted learning feedback with human connection and mentorship. We believe that the our future AI platforms will increase in sophistication and become increasingly collaborative for both students and teachers. AI can provide analytics on student performance and course effectiveness, and it can enable early intervention to improve graduation rates."

"Our goal is to empower our students to achieve academic excellence and leverage AI in our operations to increase the ROI for both our students and EpicQuest Education," concluded CFO Zhenyu Wu.

EpicQuest Education's Mission of Internationalization

The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education's growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company's strategic growth plan is to achieve international expansion and establish EEIQ as a truly international service provider of higher learning.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company") provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. For more information, please visit www.epicquesteducation.com/.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, without limitation, the Company's ability to develop and integrate new AI platforms into its offerings. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contacts:

EpicQuest Education Group International Limited
+1 513-649-8350
info@epicquesteducation.com

Investor Relations:
Precept Investor Relations LLC

David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

Source: EpicQuest Education Group International Limited

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SOURCE EpicQuest Education Group International Limited

FAQ

What is EpicQuest Education's plan for AI integration announced on July 17, 2024?

EpicQuest Education (EEIQ) announced a strategic plan to integrate AI into its operations and academic programming, aiming to improve student learning, achievement, and internationalization efforts at Davis University and EduGlobal College.

How does EEIQ plan to use AI in its educational institutions?

EEIQ plans to use AI for customized instruction, real-time translation, data analytics on student performance, enhanced recruiting and admission processes, and improved cross-cultural partnerships.

What benefits does EEIQ expect from integrating AI into its operations?

EEIQ expects AI integration to improve student engagement and achievement, enhance internationalization efforts, provide real-time feedback, and enable early intervention to improve graduation rates.

When did EEIQ's CFO Zhenyu Wu present on AI in higher education?

CFO Zhenyu Wu delivered a presentation titled 'Higher Education in the Age of Artificial Intelligence' on July 4, 2024, at an event hosted by Davis University in Beijing.