changing business models

Dallas County Community College District Students Receive “GreenLight”? Toward Ownership, Lifelong Access of Academic Records — from linkedin.com by Timothy Marshall; with thanks to Mike Mathews for this resource out on LinkedIn

Excerpt:

(DALLAS) — Gone are the days of a lengthy and sometimes costly process to request educational records for job or college applications. Through its investments in groundbreaking technology, DCCCD is allowing students unprecedented access to their educational transcripts. This places students in the unique position to maintain lifelong digital ownership of their complete academic credentials, with the flexibility to use those records to propel them toward academic and career success.

DCCCD is pleased to announce a new partnership with Dallas-based GreenLight Credentials, a new secure digital locker. With GreenLight, DCCCD students will have wide-ranging access to their academic records anytime, anyplace, by simply clicking a button.

A New Way Forward: CAEL Association Update (August 2019) –from evolllution.com by Marie Cini | President, CAEL
As the labor market continues to evolve, CAEL will play a critical role in establishing a collaborative ecosystem linking learners, employers and postsecondary institutions.

Excerpt:

I’m delighted to announce a new partnership between CAEL and The EvoLLLution to deliver timely information on the latest advances related to serving adult working learners. When you consider the rapidly changing nature of the work our members face, it’s hard to imagine a more aptly named organization to collaborate with!

This partnership will provide CAEL members with fresh thinking twice a month in the form of a brief digital newsletter. The focus will be on lifelong learning and transforming traditional structures to better meet the needs of today’s working learners in communities, across industries, inside all postsecondary institutions.

The future of work in America — from mckinsey.com by Jacques Bughin, James Manyika. and Jonathan Woetzel | July 2019

Excerpts (emphasis DSC):

Local economies across the country have been on diverging trajectories for years, and ***they are entering the automation age from different starting points.*** Our view incorporates the current state of local labor markets as well as the jobs that could be lost and gained in the decade ahead.

The US labor market looks markedly different today than it did two decades ago. It has been reshaped by dramatic events like the Great Recession but also by a quieter ongoing evolution in the mix and location of jobs. In the decade ahead, the next wave of technology may accelerate the pace of change. Millions of jobs could be phased out even as new ones are created. More broadly, the day-to-day nature of work could change for nearly everyone as intelligent machines become fixtures in the American workplace.
…
The labor market could become even more polarized. Workers with a high school degree or less are four times as likely as those with a bachelor’s degree to be displaced by automation. Reflecting more limited access to education, Hispanic workers are most at risk of displacement, followed by African Americans. Jobs held by nearly 15 million workers ages 18–34 may be automated, so young people will need new career paths to gain an initial foothold in the working world. Roughly 11.5 million workers over age 50 could also be displaced and face the challenge of making late-career moves. The hollowing out of middle wage work could continue.
…
The future of work is not just about how many jobs could be lost and gained. Technology is altering the day-to-day mix of activities associated with more and more jobs over time. The occupational mix of the economy is changing, and the demand for skills is changing along with it. Employers will need to manage large-scale workforce transformations that could involve redefining business processes and workforce needs, retraining and moving some people into new roles, and creating programs for continuous learning. This could be an opportunity to upgrade jobs and make them more rewarding. The choices that employers make will ripple through the communities in which they operate.

The need for a next gen learning platform is quickly approaching us!
Either that, or colleges and universities better get FAR more
responsive/nimble, and focus FAR more on lifelong learning.
This is not a joke.
This is not just text on a web page.
This is a future that’s barreling at us at amazingly fast speeds.
A new chapter is coming at us quickly.

Pearson moves away from print textbooks [Kelly]

On 07/17/2019, in 24x7x365 access, adjunct faculty, algorithms, analytics, Artificial Intelligence / Machine Learning / Deep Learning, bots, Bring your own device (BYOD), change, changing business models, cloud-based computing / apps / other cloud-related, CMS/LMS, colleges, community colleges, Content aggregration, content development, content repositories, data mining, digital audio, digital learning, digital storytelling, digital textbooks, digital video, e-books, e-publishing related items (EPUB and more), e-readers, education, education technology, faculty, higher education, human-computer interaction (HCI), instructional design, intelligent systems, intelligent tutoring, IT in HE, K-12 related, learning, learning from the living [class] room, Microlearning, Mobile learning, multimedia, new business models, online learning, online media, online tutoring, personalized/customized learning, platforms, publishing, student-related, teachers, teaching & learning, teaching online, textbooks, tools, United States, universities, vendors, by Daniel Christian

Pearson moves away from print textbooks — from campustechnology.com by Rhea Kelly

Excerpt:

All of Pearson’s 1,500 higher education textbooks in the U.S. will now be “digital first.” The company announced its big shift away from print today, calling the new approach a “product as a service model and a generational business shift to be much more like apps, professional software or the gaming industry.”

The digital format will allow Pearson to update textbooks on an ongoing basis, taking into account new developments in the field of study, new technologies, data analytics and efficacy research, the company said in a news announcement. The switch to digital will also lower the cost for students: The average e-book price will be $40, or $79 for a “full suite of digital learning tools.”

Reflections on “Clay Shirky on Mega-Universities and Scale” [Christian]

On 07/06/2019, in 21st century, 24x7x365 access, A/V -- audio/visual, adult learning, algorithms, Amazon, Apple, Artificial Intelligence / Machine Learning / Deep Learning, Blockchain, business, business side of he, career development, change, changing business models, cloud-based computing / apps / other cloud-related, colleges, communities of practice, community colleges, competency-based learning/education, Content aggregration, content development, content repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, Cost of legal services - including access, dangers of the status quo, Daniel S. Christian, data mining, digital learning, disruption, education, education technology, elearning, emerging technologies, Facebook, formal learning, future, future of higher education, game-changing environment, generational differences, global / globalization, Google, heutagogy, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), ideas, informal learning, innovation, intelligent systems, intelligent tutoring, internet, K-12 related, Law Schools, learner profiles, learning, Learning Agents, learning ecosystem, learning from the living [class] room, learning preferences, Lifelong learning, love of learning, Microlearning, more choice more control, online learning, open courseware and systems, pace of change, personalized/customized learning, platforms, professional development, reinvent, Smart/Connected TV, social learning / networks, society, staying relevant, student-related, surviving, Technologies for your home, telecommunications, tools, training / L&D, trends, UK, United States, universities, user experience (UX), Using teams, vendors, Walmart of Education --> New Amazon.com of Higher Education, web-based collaboration, by Daniel Christian

Clay Shirky on Mega-Universities and Scale — from philonedtech.com by Clay Shirky
[This was a guest post by Clay Shirky that grew out of a conversation that Clay and Phil had about IPEDS enrollment data. Most of the graphs are provided by Phil.]

Excerpts:

Were half a dozen institutions to dominate the online learning landscape with no end to their expansion, or shift what Americans seek in a college degree, that would indeed be one of the greatest transformations in the history of American higher education. The available data, however, casts doubt on that idea.

Though much of the conversation around mega-universities is speculative, we already know what a mega-university actually looks like, one much larger than any university today. It looks like the University of Phoenix, or rather it looked like Phoenix at the beginning of this decade, when it had 470,000 students, the majority of whom took some or all of their classes online. Phoenix back then was six times the size of the next-largest school, Kaplan, with 78,000 students, and nearly five times the size of any university operating today.

From that high-water mark, Phoenix has lost an average of 40,000 students every year of this decade.

From DSC:
First of all, I greatly appreciate both Clay’s and Phil’s thought leadership and their respective contributions to education and learning through the years. I value their perspectives and their work. Clay and Phil offer up a great article here — one worth your time to read.

The article made me reflect on what I’ve been building upon and tracking for the last decade — a next generation ***PLATFORM*** that I believe will represent a powerful piece of a global learning ecosystem. I call this vision, “Learning from the Living [Class] Room.” Though the artificial intelligence-backed platform that I’m envisioning doesn’t yet fully exist — this new era and type of learning-based platform ARE coming. The emerging signs, technologies, trends — and “fingerprints”of it, if you will — are beginning to develop all over the place.

Such a platform will:

Be aimed at the lifelong learner.
Offer up major opportunities to stay relevant and up-to-date with one’s skills.
Offer access to the program offerings from many organizations — including the mega-universities, but also, from many other organizations that are not nearly as large as the mega-universities.
Be reliant upon human teachers, professors, trainers, subject matter experts, but will be backed up by powerful AI-based technologies/tools. For example, AI-based tools will pulse-check the open job descriptions and the needs of business and present the top ___ areas to go into (how long those areas/jobs last is anyone’s guess, given the exponential pace of technological change).

…

Below are some quotes that I want to comment on:

Not nothing, but not the kind of environment that will produce an educational Amazon either, especially since the top 30 actually shrank by 0.2% a year.

Instead of an “Amazon vs. the rest” dynamic, online education is turning into something much more widely adopted, where the biggest schools are simply the upper end of a continuum, not so different from their competitors, and not worth treating as members of a separate category.

Since the founding of William and Mary, the country’s second college, higher education in the U.S. hasn’t been a winner-take-all market, and it isn’t one today. We are not entering a world where the largest university operates at outsized scale, we’re leaving that world;

From DSC:
I don’t see us leaving that world at all…but that’s not my main reflection here. Instead, I’m not focusing on how large the mega-universities will become. When I speak of a forthcoming Walmart of Education or Amazon of Education, what I have in mind is a platform…not one particular organization.

Consider that the vast majority of Amazon’s revenues come from products that other organizations produce. They are a platform, if you will. And in the world of platforms (i.e., software), it IS a winner take all market.

Bill Gates reflects on this as well in this recent article from The Verge:

“In the software world, particularly for platforms, these are winner-take-all markets.

So it’s all about a forthcoming platform — or platforms. (It could be more than one platform. Consider Apple. Consider Microsoft. Consider Google. Consider Facebook.)

But then the question becomes…would a large amount of universities (and other types of organizations) be willing to offer up their courses on a platform? Well, consider what’s ALREADY happening with FutureLearn:

Finally…one more excerpt from Clay’s article:

Eventually the new ideas lose their power to shock, and end up being widely copied. Institutional transformation starts as heresy and ends as a section in the faculty handbook.

From DSC:
This is a great point. Reminds me of this tweet from Fred Steube (and I added a piece about Western Telegraph):

Why would anyone need a telephone when we already have the telegraph? [Western Telegraph] https://t.co/s6Rm67NAB0

— Daniel Christian (@dchristian5) May 23, 2019

Some things to reflect upon…for sure.

Excerpts:

There’s no crystal ball for the legal industry, just as there’s none for life. That said, industry trends don’t arise out of the ether — they develop over time. These trends collectively form the basis for estimations about what the future of the legal industry will look like.

These industry insiders have studied the trends, and they lent us their insights into the future of law. Take a look:

#AI #legaloperations #legal #lawfirms #lawyers #lawschools #legaltech #disruption #paceofchange

From DSC:
In looking through these perspectives, one can often see the topics of emerging technologies, changing client expectations, and changing business models.

Addendum on 7/1/19:

What Does 2019 Hold for Legal AI? — from law.com by Emily Foges
What developments can we expect in the next year? Where and in what new ways will AI tools be deployed?

Just as accountants no longer imagine life without excel, lawyers will soon be unable to imagine their day-to-day without AI.
…
Technology should be seen to work seamlessly in tandem with the lawyers, surfacing relevant and pertinent information which the lawyer then decides to act on.

Has Technology Made State Regional Universities Obsolete? — from campustechnology.com by Richard Rose
While SRUs do some things well, the current model is not sustainable, with students taking on enormous debt and receiving relatively little income benefit in return. Here’s how technology can help change the equation.

Excerpts (emphasis DSC):

What if the State Board of Higher Education assembled a team to create one exceptionally fine Official Texas Version of the sophomore Western Civilization course? The team would include brilliant subject-matter experts, the best graphic artists, senior instructional designers, professional film editors and sharp-eyed text editors, who could produce a 48-clock-hour video course of previously unimaginable quality.
…
When technology is fully embraced because the need for a better and cheaper product finally trumps the political protection of the status quo, the state regional university will be replaced as part of new state university systems in which local institutions will play a very different role. These new local institutions could be called Learning Satellite Centers (LSCs).
…
Much content will take the form of high-budget, high-quality multimedia productions with delivery available to all popular devices, from desktop computers to cell phones. Access to learning materials, from course movies and podcasts to reading materials, will be through an expanded electronic distribution system that will eliminate the need for paper-based academic libraries.
…
The goal of the University Center plus Learning Satellite Center model is to transfer agency back into the hands of the students, where it belongs. No longer will a self-appointed privileged group of professional academics with their arcane degrees and funny ceremonial robes be dictating to the rest of society what we all need to learn and how we need to learn it. Technology will be the great leveler and the marketplace will help individual students decide what choices are best.

Of course, a brief sketch like this one will raise many questions that cannot be explored in a single article, but the conversation must begin. The current State Regional University is not sustainable and can only be propped up by politics and sentiment for so long. Too many students are piling up huge debt to earn dubious degrees that don’t lead to marketable skills or significant economic benefits. Technology has made more effective models of higher education attainable and at a lower price. We need to fearlessly explore such models before our charming old regional campuses drift into irrelevance.

From DSC:
While the article has a bit of a bite to it (which I suppose readers of this blog would say they might see in my writings/comments as well from time to time), THIS is the kind of innovative, creative thinking that will get us somewhere. I really appreciate Richard’s article and the deep thought he was put into this topic.

In fact, as readers of this blog will know, I have long been a supporter of a TEAM-BASED approach. And listed below are some graphics that prove it — as well as this article I wrote for evolllution.com (where the “lll” stands for lifelong learning) back from 2016.

This page* lists those graphics plus the list of team members that I thought of in December 2008:

Subject Matter Experts
Instructional Designers
Project Managers
Recruiters
Legal Counsel
Researchers / Mind Experts
Digital Audio Specialists
Digital Video Specialists
Streaming Media Experts
Mobile Learning Consultants
Writers and Editors
Programmers and Database Specialists
Web Design and Production Specialists
Interactivity Designers
Multimedia Specialists including Multi-Touch Experts/Programmers
3D / 2D Graphic Designers and/or Animators
MindMappers / Visual Learning Experts
Personalized Learning Consultants
Security Experts
The students themselves
Other

*BTW, I renamed this idea from the Forthcoming Walmart of Education
to the Forthcoming Amazon.com of Higher Education

.

While I’m at it…below are a couple of ideas that I documented back in 2009 that Richard might like…

.

As of today…I would simplify that last graphic to
include a subscription model to streams of content.

Ok…one more graphic from 5/21/09 that describes what I thought would happen if institutions of traditional higher education maintained the status quo through the years. I feel pretty good about how these predictions turned out, but I wish that we would have made even more progress along these lines than we have (since the time I created this graphic).

5 new legal professions under the impact of legal tech [Pivovarov]

On 05/11/2019, in 21st century, business, career development, change, changing business models, Law Schools, legal technologies, legislatures / government / legal, workplace, by Daniel Christian

5 new legal professions under the impact of legal tech — from medium.com by Valentin Pivovarov

Excerpt:

Professionals who work in the field of jurisprudence should take into account the coming changes. It is necessary to realize the significance of the transition from an industrial society operating with printed texts to an information society operating with Internet-oriented resources. Legal innovations implementation will allow specialists to change their routines and make their work more effective. It is already important to retrain and look for new opportunities. And it doesn’t matter whether you work in a large law company or your own legal tech startup. The game is changing.

From DSC:
Here’s a ~4 minute piece from CBS News re: student loan debt.

Here are two excerpts from that video:

From DSC to potential college students:
You need to know that the ramifications of this type of debt can last for decades! Do everything you possibly can to either not borrow anything or to minimize these types of loan amounts.

This is another reason why the United States desperately needs a ***next generation learning platform*** — one that’s convenient, very inexpensive, and one that can also help people quickly reinvent themselves! One that is highly social, features human Subject Matter Experts (SME’s), and is backed up by #AI – based apps/features as well.

Along these lines…no longer are we running sprints (i.e., get a 4-year degree and you’re done). We’re now all running marathons (i.e., we’re now into lifelong learning in order to stay relevant and employed).

Also, the following item was announced today:

Cengage and McGraw-Hill to Merge, Providing Students with More Affordable Access to Superior Course Materials and Platforms — from businesswire.com
Excerpt:
NEW YORK & BOSTON–(BUSINESS WIRE)–McGraw-Hill and Cengage today announced that they have entered into a definitive agreement to combine in an all-stock merger on equal terms. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will bring together two premier learning companies that will deliver significant benefits for students, educators, professionals and institutions worldwide.“The new company will offer a broad range of best-in-class content – delivered through digital platforms at an affordable price,” said Michael E. Hansen, CEO of Cengage. “Together, we will usher in an era in which all students can afford the quality learning materials needed to succeed – regardless of their socioeconomic status or the institution they attend. Additionally, the combined company will have robust financial strength to invest in next-generation products, technology and services that create superior experiences and value for millions of students.”

Also see:

From DSC:
Along these lines, I don’t think Cengage/McGraw-Hill will be the largest company on the Internet by 2030 as predicted by Thomas Frey (a prediction I think he’s right on with…by the way). They were on watch when the prices of learning-related materials soared through the years. As such, they’ve likely burned through a great deal of good will…but we’ll see. They might be able to persuade myself and others that they’re the platform of choice for the future. Time will tell I guess.

2019 Horizon Report Higher Education Edition

On 04/25/2019, in 21st century, A/V -- audio/visual, active learning, adjunct faculty, algorithms, analytics, Artificial Intelligence / Machine Learning / Deep Learning, blended learning, Blockchain, change, changing business models, colleges, community colleges, credentialing, curriculum, data mining, digital learning, distance education, education technology, educational games / serious games, emerging technologies, face-to-face, faculty, formal learning, future of higher education, higher education, hybrid learning, ideas, innovation, instructional design, intelligent systems, intelligent tutoring, internet, Law Schools, learning, Learning Agents, learning ecosystem, learning spaces, Mixed reality, Mobile learning, new business models, online learning, personalized/customized learning, student-related, teaching & learning, teaching online, Technologies for your home, technology (general), tools, trends, United States, user experience (UX), XR - extended reality, by Daniel Christian

The finalized 2019 Horizon Report Higher Education Edition (from library.educause.edu) was just released on 4/23/19.

Excerpt:

Key Trends Accelerating Technology Adoption in Higher Education:

Short-Term—Driving technology adoption in higher education for the next one to two years

Redesigning Learning Spaces
Blended Learning Designs

Mid-Term—Driving technology adoption in higher education for the next three to five years

Advancing Cultures of Innovation
Growing Focus on Measuring Learning

Long-Term—Driving technology adoption in higher education for five or more years

Rethinking How Institutions Work
Modularized and Disaggregated Degrees

Minerva’s Innovative Platform Makes Quality Higher Ed Personal and Affordable [Vander Ark]

On 04/22/2019, in 1:1 / 1:World, 21st century, 24x7x365 access, A/V -- audio/visual, active learning, adult learning, business side of he, career development, change, changing business models, cloud-based computing / apps / other cloud-related, collaboration, colleges, communications, communities of practice, community colleges, corporate universities / corporate training, cost of getting a degree, Daniel S. Christian, distance education, education technology, engagement / engaging students, future, future of higher education, game-changing environment, global / globalization, higher education, ideas, innovation, learning, learning ecosystem, learning from the living [class] room, learning hubs, learning spaces, Lifelong learning, MOOCs -- Massive Open Online Courses, more choice more control, online learning, online tutoring, platforms, second screen apps, society, student-related, teaching & learning, teaching online, Technologies for your home, television, tools, training / L&D, United States, universities, user experience (UX), Using teams, vendors, videoconferencing, vision, Walmart of Education --> New Amazon.com of Higher Education, webinars, by Daniel Christian

Minerva’s Innovative Platform Makes Quality Higher Ed Personal and Affordable — from linkedin.com by Tom Vander Ark

Excerpt:

The first external partner, the Hong Kong University of Science and Technology (HKUST), loved the course design and platform but told Nelson they couldn’t afford to teach 15 students at a time. The Minerva team realized that to be applicable at major universities, active learning needed to be scalable.

Starting this summer, a new version of Forum will be available for classes of up to 400 at a time. For students, it will still feel like a small seminar. They’ll see the professor, themselves, and a dozen other students. Forum will manage the movement of students from screen to screen. “Everybody thinks they are in the main room,” said Nelson.
…
Forum enables real-time polling and helps professors create and manage breakout groups.
…
Big Implications
With Forum, “For the first time you can deliver better than Ivy League education at absurdly low cost,” said Nelson.

Online courses and MOOCs just repackaged the same format and just offered it with less interaction. As new Forum partners will demonstrate, “It’s possible to deliver a year of undergraduate education that is vastly superior for under $5,000 per student,” added Nelson.

He’s excited to offer a turnkey university solution that, for partners like Oxford Teachers Academy, will allow new degree pathways for paraprofessionals that can work, learn, and earn a degree and certification.

Perhaps another piece of the puzzle is falling into place…

Reflections on “Five Principles for Thinking Like a Futurist” [Gorbis]

On 04/11/2019, in blogs / blogging, business side of he, change, changing business models, colleges, communities of practice, community colleges, corporate / business world, corporate universities / corporate training, credentialing, dangers of the status quo, Daniel S. Christian, emerging technologies, future, future of higher education, game-changing environment, higher education, ideas, learning, learning ecosystem, Lifelong learning, Microlearning, organizational change, pace of change, reinvent, RSS, society, sociology, staying relevant, streams of content, student-related, surviving, technology (general), tools, trends, universities, workplace, youth, by Daniel Christian

Five Principles for Thinking Like a Futurist — from er.educause.edu by Marina Gorbis

Excerpt:

In 2018 we celebrated the fifty-year anniversary of the founding of the Institute for the Future (IFTF). No other futures organization has survived for this long; we’ve actually survived our own forecasts! In these five decades we learned a lot, and we still believe—even more strongly than before—that systematic thinking about the future is absolutely essential for helping people make better choices today, whether you are an individual or a member of an educational institution or government organization. We view short-termism as the greatest threat not only to organizations but to society as a whole.

In my twenty years at the Institute, I’ve developed five core principles for futures thinking:

Forget about predictions.
Focus on signals.*
Look back to see forward.
Uncover patterns.*
Create a community.

* From DSC:
I have a follow up thought regarding those bullet points about signals and patterns. With today’s exponential pace of technological change, I have asserted for several years now that our students — and all of us really — need to be skilled in pulse-checking the relevant landscapes around us. That’s why I’m a big fan of regularly tapping into — and contributing towards — streams of content. Subscribing to RSS feeds, following organizations and/or individuals on Twitter, connecting with people on LinkedIn, etc. Doing so will help us identify trends, patterns, and the signals that Marina talks about in her article.

It reminds me of the following graphic from January 2017:

Is Thomas Frey right? “…by 2030 the largest company on the internet is going to be an education-based company that we haven’t heard of yet.”

On 03/20/2019, in 1:1 / 1:World, 21st century, 24x7x365 access, active learning, adjunct faculty, adult learning, algorithms, Amazon, analytics, Artificial Intelligence / Machine Learning / Deep Learning, blended learning, Blockchain, bots, business, business side of he, career development, change, changing business models, cloud-based computing / apps / other cloud-related, CMS/LMS, cognitive computing, collaboration, colleges, communications, communities of practice, community colleges, content development, content repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, credentialing, dangers of the status quo, Daniel S. Christian, digital learning, disruption, distance education, education, education reform, education technology, elearning, emerging technologies, future, future of higher education, game-changing environment, global / globalization, heutagogy, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), hybrid learning, ideas, innovation, intelligent systems, intelligent tutoring, internet, learner profiles, learning, Learning Agents, learning ecosystem, learning from the living [class] room, learning hubs, library / librarians, Lifelong learning, Microlearning, Mobile learning, MOOCs -- Massive Open Online Courses, more choice more control, Natural Language Processing (NLP), new business models, online learning, online media, pace of change, personalized/customized learning, platforms, professional development, reinvent, smart classrooms, Smart/Connected TV, social learning / networks, society, staying relevant, streams of content, student-related, surviving, Technologies for your home, telepresence, television, tools, training / L&D, transmedia, trends, United States, universities, user experience (UX), vision, Walmart of Education --> New Amazon.com of Higher Education, web-based collaboration, workplace, youth, by Daniel Christian

From a fairly recent e-newsletter from edsurge.com — though I don’t recall the exact date (emphasis DSC):

New England is home to some of the most famous universities in the world. But the region has also become ground zero for the demographic shifts that promise to disrupt higher education.

This week saw two developments that fit the narrative. On Monday, Southern Vermont College announced that it would shut its doors, becoming the latest small rural private college to do so. Later that same day, the University of Massachusetts said it would start a new online college aimed at a national audience, noting that it expects campus enrollments to erode as the number of traditional college-age students declines in the coming years.

“Make no mistake—this is an existential threat to entire sectors of higher education,” said UMass president Marty Meehan in announcing the online effort.

The approach seems to parallel the U.S. retail sector, where, as a New York Times piece outlines this week, stores like Target and WalMart have thrived by building online strategies aimed at competing with Amazon, while stores like Gap and Payless, which did little to move online, are closing stores. Of course, college is not like any other product or service, and plenty of campuses are touting the richness of the experience that students get by actually coming to a campus. And it’s not clear how many colleges can grow online to a scale that makes their investments pay off.

“It’s predicted that over the next several years, four to five major national players with strong regional footholds will be established. We intend to be one of them.”

University of Massachusetts President Marty Meehan

From DSC:
That last quote from UMass President Marty Meehan made me reflect upon the idea of having one or more enormous entities that will provide “higher education” in the future. I wonder if things will turn out to be that we’ll have more lifelong learning providers and platforms in the future — with the idea of a 60-year curriculum being an interesting idea that may come into fruition.

Long have I predicted that such an enormous entity would come to pass. Back in 2008, I named it the Forthcoming Walmart of Education. But then as the years went by, I got bumbed out on some things that Walmart was doing, and re-branded it the Forthcoming Amazon.com of Higher Education. We’ll see how long that updated title lasts — but you get the point. In fact, the point aligns very nicely with what futurist Thomas Frey has been predicting for years as well:

“I’ve been predicting that by 2030 the largest company on the internet is going to be an education-based company that we haven’t heard of yet,” Frey, the senior futurist at the DaVinci Institute think tank, tells Business Insider. (source)

I realize that education doesn’t always scale well…but I’m thinking that how people learn in the future may be different than how we did things in the past…communities of practice comes to mind…as does new forms of credentialing…as does cloud-based learner profiles…as does the need for highly efficient, cost-effective, and constant opportunities/means to reinvent oneself.

Also see:

Fearing ‘existential threat,’ U of Massachusetts unveils plans for national online platform — from educationdive.com by Natalie Schwartz

Addendum:

74% of consumers go to Amazon when they’re ready to buy something. That should be keeping retailers up at night. — from cnbc.com

Key points (emphasis DSC)

Amazon remains a looming threat for some of the biggest retailers in the country — like Walmart, Target and Macy’s.
When consumers are ready to buy a specific product, nearly three-quarters of them, or 74 percent, are going straight to Amazon to do it, according to a new study by Feedvisor.
By the end of this year, Amazon is expected to account for 52.4 percent of the e-commerce market in the U.S., up from 48 percent in 2018.

“In New England, there will be between 32,000 and 54,000 fewer college-aged students just seven years from now,” Meehan said. “That means colleges and universities will have too much capacity and not enough demand at a time when the economic model in higher education is already straining under its own weight.” (Marty Meehan at WBUR)

Five key trends for professional and continuing education leaders in the next five years [Schroeder]

On 03/12/2019, in 21st century, adult learning, augmented reality, Blockchain, career development, change, changing business models, corporate universities / corporate training, curriculum, digital learning, emerging technologies, future, future of higher education, game-changing environment, higher education, human-computer interaction (HCI), ideas, learning ecosystem, learning from the living [class] room, Lifelong learning, MOOCs -- Massive Open Online Courses, online learning, pace of change, strategy, trends, United States, universities, virtual reality / worlds / learning, vision, Walmart of Education --> New Amazon.com of Higher Education, XR - extended reality, by Daniel Christian

Five key trends for professional and continuing education leaders in the next five years — from evolllution.com by Ray Schroeder

Excerpts:

Higher education is on the cusp of major changes. Enrollments are on the decline—both online and on campus—and the trend is expected to accelerate.[1] Graduates are laboring under substantial college loan debts totaling more than $1.5 trillion.[2] Employers are demanding that applicants possess soft and hard skills that many college graduates do not hold.[3] At the same time new and emerging technologies are changing the way credentials are shared and work is done.

It is in this context that continuing, professional and online programs have been imported from the periphery to the center of traditional universities. Students and employers alike have made clear that their top priority is relevance to the rapidly changing workplace. Artificial intelligence, blockchain, augmented/virtual reality and other technologies are driving the changes. Professional and Continuing Education (PCE) has long been the leader in providing relevant courses, certificates and degrees that connect students with the needs of employers.

…the Online Master’s Science in Computer Science degree at Georgia Tech is now the largest computer science program in the world. And the degree costs less than $9,000.

Also see:

Interview with Hunt Lambert – What is the 60-year curriculum?
Colleges and universities used to be primarily responsible for a four-year learning experience. We now need to envision a 60-year curriculum, whereby educational institutions partner with learners at all stages of their professional career, providing skills and knowledge as needed.

81% of legal departments aren’t ready for digitization: Gartner [The Mitratech Team]

On 03/01/2019, in 21st century, algorithms, analytics, Artificial Intelligence / Machine Learning / Deep Learning, Blockchain, bots, business, career development, change, changing business models, corporate / business world, Law Schools, legislatures / government / legal, new business models, tools, trends, vendors, workplace, by Daniel Christian

81% of legal departments aren’t ready for digitization: Gartner — from mitratech.com by The Mitratech Team

Excerpt:

Despite the efforts of Legal Operations legal tech adopters and advocates, and the many expert voices raised about the need to evolve the legal industry? A Gartner, Inc. report finds the vast majority of in-house legal departments are unprepared for digital transformation.

In compiling the report, Gartner reviewed the roles of legal departments in no less than 1,715 digital business projects. They also conducted interviews with over 100 general counsel and privacy officers, and another 100 legal stakeholders at large companies.

The reveal? That 81% of legal departments weren’t prepared for the oncoming tide of digitization at their companies. That leaves them at a disadvantage when one considers the results of Gartner’s CEO Survey. Two-thirds of its CEO respondents predicted their business models would change in the next three years, with digitization as a major factor.

Also relevant here/see:
AI Pre-Screening Technology: A New Era for Contracts? — from by Tim Pullan, CEO and Founder, ThoughtRiver

Excerpt:

However, enterprises are beginning to understand the tangible value that can be delivered by automated contract pre-screening solutions. Such technology can ask thousands of questions defined by legal experts, and within minutes deliver an output weighing up the risks and advising next steps. Legal resources are then only required to follow up on these recommendations, whether they be a change to a clause, removing common bottlenecks altogether, or acting quickly to monetise a business opportunity.

There are clear benefits for both the legal team and the business. The GC’s team spends more time on enterprise-wide strategy and supporting other departments, while the business can move at pace and gain considerable competitive advantage.

Learning Ecosystems

The future of work in America [McKinsey]

What’s the future of law? 26 experts share their insights [Mire]

5 new legal professions under the impact of legal tech [Pivovarov]

Five key trends for professional and continuing education leaders in the next five years [Schroeder]

81% of legal departments aren’t ready for digitization: Gartner [The Mitratech Team]

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