These changes have led to new conversations and the creation of new, non-traditional learning models of higher education (e.g. Udacity, Andela, Minerva, Code School, SNHU, Georgia Tech-AT&T). Many providers are now rethinking how higher education is delivered at the core.
The millennials will learn and earn differently from us – their world will be an agglomeration of capabilities and attitudes across geographic boundaries. The conventional classroom will become less relevant for the millennials. Personalization and ‘individual’ relevance will be their mantra. They will gather their skills and credentials over a lifelong of learning.
Technology will underpin the success of these models – it will allow for elements such as personalization, virtualization, flexibility etc. to be introduced in the learning process. It will be an important ingredient in moving away from one-size fits all education system.
However, the path to a new education system will not be straightforward. Education has proven to be the most resistant service to change across the centuries. Those who ignore the importance of human intervention in the learning process will do so at their peril.
It will be a slow but sure change in the coming years and decades.
This panel will discuss the path higher education is most likely to follow to be ready for the millennial generation and beyond. It will debate the rewards and risks of foreseeing radical change and responding to it at private and public institutions across the globe.
Fundraising is a critical task for every startup founder, a trial by fire that is at once exciting and exasperating. A better understanding of the process, however, can enable founders to avoid Sisyphean frustration and ensure a successful outcome. In this session, we’ll navigate the fundraising maze together, answering key questions such as:
In this session, we’ll take an investor’s perspective and outline the range of advantages associated with education platforms, from greater scale to higher brand awareness. After we’ve established the “why” we’ll dive into the “how” covering the nuts and bolts of building a multinational education platform of pre-K and K-12 schools across Southeast Asia. Topics for examination include:
The skill evolution cycle (pace at which new skills and micro-skills are being demanded due to changing jobs, changing work-life balance opportunities, more transactional expectations of the millennials) is rapidly accelerating and rapidly shrinking; and, this has a strong impact on the ROI expected from education and skilling.
The “I” in the ROI is changing as education model changes are reflecting a fast-changing desire of the learners to pay less and spend just enough time to learn just the right skill. The denominator in ROI is reducing and the numerator, the R is not going down, implying that skills education must leverage technology and automation and new business models such as peer-to-peer learning to deliver the new expected ROI.
Skill evolution cycle is a term that defines the pace at which new jobs are emerging and old ones are becoming obsolete due to pure obsolescence or automation.
The millennials will learn and earn differently from us because their world is an agglomeration of capabilities and attitudes virtually across geographic boundaries. Thus, skilling and education will move from geographical to virtual agglomeration.
Formal education delivery institutions such as schools and colleges will dis-aggregate in functional, focus and geographic boundaries and collaborate with each other across boundaries, resulting in an education and skilling system that, leveraging technology, will mimic the learning and earning patterns of the virtually connected millennials.
Artificial intelligence is the branch of computer science concerned with the theory and development of computer systems able to perform tasks that typically require human intelligence.
Tremendous progress has been made in AI over the past several years, making the leap from science fiction to everyday reality. Today, Siri is our personal assistant. Facebook uses facial recognition to tag our photos. Google Maps helps us navigate. And Elon Musk’s Neuralink may soon connect our brains to the cloud. In short, practically every field has benefited from advances in artificial intelligence. This includes education, where a number of hardware, software and online services have managed to bring changes to classrooms and teaching methods. Still, AI has not benefited education to the same degree as other disciplines and true disruption has yet to arrive.
Over the last decade, applications of artificial intelligence have addressed several challenges of learning, including language processing, reasoning, planning, and cognitive modeling.
Progress in artificial intelligence and machine learning has been impressive, but there is still much work to be done to advance learning science. While some progress is being made to bring artificial intelligence to the education space these efforts pale in comparison to advancements elsewhere.
Microlearning sessions are in-depth, interactive discussions led by a single moderator. Attendees are encouraged to ask questions and solicit feedback from the group. The goal is to leverage the broad experience of our experts and attendees to solve real-world problems.
Education is not a one-size-fits-all endeavor. Students come to class with their own learning fingerprint that represents their individual capabilities and needs. As such, educators need affordable, scalable, and personalized tools and methodologies that recognize the relative skillsets of their students while providing pathways for improvement.
Unique learners, a group that includes students facing challenges such as learning disabilities, language barriers, or the lack of a gifted program, must be part of the movement toward personalized education. Fortunately, rising awareness and acceptance of unique learners has led to an upward trend in the number of children receiving support. In the Philippines, for example, students with learning disabilities increasingly have access to individual education plans. But there is a long way to go, as many parents continue to disregard the advice of professionals and extract children from school if therapy is recommended.
For learning-disabled students to thrive and potentially become independent they must be empowered to build upon their skills and passions. Over the next decade, there will need to be a greater number of specialized schools that embrace inclusive, personalized, and holistic learning. These schools will need to offer quality education despite growing class sizes and the continued burden of rising costs.
As schools in Southeast Asia tackle the larger question of how to provide the best educational experience to unique learners, multiple related issues will need to be solved:
In China, one of the first education sectors to take off was after-school tutoring, typically provided as a supplement to government-run institutions. Some of these tutoring companies have grown quite large and include publicly traded firms such as TAL Education Group, which saw $620 million revenue in 2015 from over 300 tutoring centers.
After-school tutoring is only the tip of the iceberg, however. The Chinese education market has grown considerably, expanding across verticals and borders to include private kindergartens, schools, study abroad, English language, online education and education technology. According to Deloitte, the Chinese education market is expected to grow from 1.6 trillion yuan ($236B) in 2015 to 2.9 trillion yuan ($429B) by 2020.
TAL, New Oriental, and other Chinese companies have all made forays into these fast-growing education sectors. These firms have also targeted markets in the U.S. and U.K. for strategic acquisitions, focusing largely on the transnational or ed-tech space. International investments are viewed as a means to expand the market and to access the most up-to-date learning methodologies, tools, and brands.
Many of China’s initial international education investments have been in the U.S. and U.K. However, these markets are crowded, and some of these companies may not be successful. What will China’s next investment destination be?
An influx of Chinese capital into Southeast Asia will not make the local education sector successful automatically. Entrepreneurs will need to avoid the pitfalls, and learn the best practices of their predecessors across the globe.