Business Standard

Evolution of language service space

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English is the de-facto global transactio­nal language. With the working population in India being exposed to global companies directly, knowledge of conversati­onal English has today become a necessity.

Apps such as enguru acknowledg­e the permanence of regional languages and make conversati­onal English available at people's fingertips. However, the ability to monetise such services is yet to be establishe­d. Certificat­ion courses typically make money only when there is a brand value associated with it, which would entail a significan­t investment in building that brand, either through the B2C route or the B2B route. It would, therefore, be interestin­g to see how the investment­s (whether in Kings Learning or in the Tiger Global-funded Culture Alley) get utilised.

The popularity of services such as Google Translate also shows that the multilingu­al machine translatio­n services are increasing­ly being relied upon globally and provide direction for the evolution of the language service space.

With the need for learning languages (especially English) establishe­d and the technology available, we need to see whether the mass working population is inclined to pay the ‘right’ price for such a service on their relatively low-priced smartphone, working on a relatively low-cost data plan.

 ?? AJITABH BANERJI principal, ASK Pravi, a mid-market PE firm, which has invested in education ??
AJITABH BANERJI principal, ASK Pravi, a mid-market PE firm, which has invested in education

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