new business models

Surviving Among the Giants [Carlson]

On 09/24/2021, in adjunct faculty, adult learning, business side of he, change, changing business models, colleges, consortiums, content development, aggregation, repositories, cost of getting a degree, dangers of the status quo, Daniel S. Christian, education technology, future, future of higher education, game-changing environment, higher education, ideas, innovation, instructional design, IT in HE, law schools, leadership, learning, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning preferences, liberal arts, lifelong learning, Michigan, MOOCs -- Massive Open Online Courses, new business models, online learning, organizational change, platforms, reinvent, staying relevant, strategy, surviving, United States, universities, by Daniel Christian

Surviving Among the Giants — from chronicle.com by Scott Carlson
As growth has become higher ed’s mantra, some colleges seek to stay small.

Excerpts:

The pressures on the higher-education business model are changing those attitudes. The Council of Independent Colleges’ fastest-growing initiative is the Online Course Sharing Consortium, which allows small colleges to offer certain courses to students at other institutions. Currently, there are 2,200 enrollments among almost 6,000 courses on the platform.

“The higher-ed business model is broken,” says Jeffrey R. Docking, who has been president of Adrian College for 16 years. “But where it’s most broken — and the first ones that are going to walk the plank — are the small private institutions. The numbers just don’t work.” Combining some backroom functions or arranging consortial purchases is just “dabbling around the edges” — and won’t get close to driving down the cost of tuition by 30 to 40 percent over the next several years, which is what Docking believes is necessary.

From DSC:
Docking’s last (highlighted) sentence above reminds me of what I predicted back in 2008 when I was working for Calvin College. The vision I relayed in 2008 continues to come to fruition — albeit I’ve since changed the name of the vision.

Back in 2008 I predicted that we would see the days of tuition being cut by 50% or more

From DSC (cont’d):
I was trying to bring down the cost of higher education — which we did with Calvin Online for 4-5 years…before the administration, faculty members, and even the leadership within our IT and HR Departments let Calvin Online die on the vine. This was a costly mistake for Calvin, as they later became a university — thus requiring that they get into more online-based learning in order to address the adult learner. Had they supported getting the online-based learning plane off the runway, they could have dovetailed nicely into becoming a university. But instead, they dissed the biggest thing to happen within education in the last 500 years (since the invention of the printing press).

Which brings me to one last excerpted quote here:

“For so many years,” Docking says, “all of these really smart people in Silicon Valley, at the University of Phoenix, at for-profits were saying, We’re going to do it better” — and they came around with their “solutions” in the form of MOOCs, or massive open online courses, and other scaling plans. Small colleges didn’t want to hear it, and, Docking says, maybe it was to their peril.

Could Coursera become as prestigious as Harvard? This expert thinks so. [Young]

On 09/20/2021, in 21st century, change, changing business models, colleges, community colleges, disruption, future of higher education, higher education, learning ecosystem, Learning from the Living [Class] Room, learning preferences, lifelong learning, MOOCs -- Massive Open Online Courses, new business models, online learning, by Daniel Christian

Could Coursera become as prestigious as Harvard? This expert thinks so. — from edsurge.com by Jeffrey R. Young

Excerpt:

Big changes are coming to higher education, and those changes will be bigger and more disruptive than many college leaders realize as online education grows in both size and prestige.

That’s the view of Arthur Levine, in a new book called “The Great Upheaval: Higher Education’s Past, Present, and Uncertain Future,” which he co-wrote with Scott Van Pelt, a lecturer and associate director of the Communication Program for the University of Pennsylvania’s Wharton School.

As more students turn to these degrees for their credentials, they may come to see these corporate platforms as the provider of learning rather than worry about which college is the one behind the scenes doing the teaching, Levine says.

OPINION: Meet certificates and “microcredentials” — they could be the future of higher education — from hechingerreport.org by Arthur Levine and Scott Van Pelt
In years to come, they will become prevalent — and possibly preferred — to college degrees

Excerpt:

What is new is that we are calling them badges and microcredentials and using them primarily to certify specific skills, such as cross-cultural competency, welding and conversational Spanish.

So what are they? Microcredentials are certifications of mastery; badges verify the attainment of specific competencies.

No matter what we are calling them, they may be here to stay.

We now live in a time that is more open to rethinking college and university credentials. We are witnessing experimentation with competency-based education, through which students earn credits by demonstrating skills instead of spending time in courses. We are also seeing discussion of free or reduced tuition, along with subscription pricing that lets students take as many courses as they like for one low cost.

Also see:

Can an AI tutor teach your child to read? — from hechingerreport.org by Jackie Mader
Some AI reading programs are boosting early literacy skills

Excerpt:

Artificial intelligence has been used for years in education to monitor teaching quality, teach classes, grade assignments and tailor instruction to student ability levels. Now, a small but growing number of programs are attempting to use AI to target reading achievement in the early years — a longstanding struggle for America’s schools.

DIGITAL SERIES – FUTURE OF WORK: THE NEXT GENERATION

Excerpt:

The working landscape in the United States has rapidly changed in the last 30 years. The one job-for-life model is vanishing and younger workers are trading in stability and security for flexibility and autonomy. GBH and PBS Digital Studios present the Future of Work digital series, a six-part docuseries chronicling six mid-career adults as they navigate the rapidly changing work landscape covering topics such as debt, the gig economy, remote working, career identity, and more.

This 12-year-old coder is set to earn over $400,000 after about 2 months selling NFTs — from cnbc.com by Taylor Locke

Excerpt:

But lately, non-fungible tokens, or NFTs, and the smart contracts, or collections of code, that power them, have caught Ahmed’s attention.

“I first learned about NFTs earlier this year,” Ahmed, who is based in London, tells CNBC Make It. “I got fascinated with NFTs because you can easily transfer the ownership of an NFT by the blockchain.”

From DSC:
Law professors who teach property and contracts might be interested in this as well. 🙂

And speaking of emerging technologies and the law, also see:

How AI-powered tech landed man in jail with scant evidence — from apnews.com by Garance Burke, Martha Mendoza, Juliet Linderman, & Michael Tarm

What doors does this type of real-time translation feature open up for learning? [Christian]

On 08/04/2021, in 21st century, 24x7x365 access, A/V -- audio/visual, adult learning, Africa, Artificial Intelligence/Agents/LLMs/and Related, Asia, Australia, blended learning, bots, business, cloud-based computing / apps / other cloud-related, collaboration, colleges, communications, communities of practice, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, Daniel S. Christian, digital audio, digital learning, digital storytelling, distance education, education, education technology, emerging technologies, engagement / engaging students, faculty/staff, flipping -- inverted learning, future, future of higher education, game-changing environment, global / globalization, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), hybrid learning, Hyflex learning, ideas, innovation, instructional design, intelligent systems, intelligent tutoring, IT in HE, K-12 related, languages and translation, law schools, learning, learning agents, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, learning spaces, Legal operations, legal reform, legal technologies, legislatures / government / legal, Natural Language Processing (NLP), new business models, online learning, online media, online tutoring, participation, platforms, presentations, professional development, remote teaching and learning, smart classrooms, social learning / networks, society, student-related, teachers, teaching & learning, teaching online, technologies for your home, telelegal, telemedicine / telehealth / virtual health, telepresence, tools, training / L&D, transmedia, TVs, UK, United States, universities, usability, user experience (UX), vendors, videoconferencing, Virtual courts and law firms, virtual field trips, virtual K-12 schools, Virtual Reality (VR) / worlds / learning, virtual tutoring, vision/possibilities, vocational / trades, web-based collaboration, webinars, workplace, by Daniel Christian

DC: What doors does this type of real-time translation feature open up for learning?https://t.co/beOXFjGZs9 #learningfromthelivingclassroom #education #K12 #highereducation #training #learning #lifelonglearning #globallearning #languages #translation https://t.co/TV5InkWHwn pic.twitter.com/MGblMzQbBL

— Daniel Christian (he/him/his) (@dchristian5) August 4, 2021

From DSC:
For that matter, what does it open up for #JusticeTech? #Legaltech? #A2J? #Telehealth?

Several legal-related resources including new business models for law firms

On 07/21/2021, in 21st century, Artificial Intelligence/Agents/LLMs/and Related, Blockchain, changing business models, emerging technologies, game-changing environment, law schools, Legal operations, legal technologies, legislatures / government / legal, library / librarians, new business models, trends, United States, vendors, vision/possibilities, workplace, by Daniel Christian

How to apply Midyear 2021 lawsuit data to make your digital content more inclusive. — from UsableNet

Redefining the Future of Law: Alternative Legal Service Models — from clio.com by Joshua Lenon; with slides of the recording here.

Advantages of Automated and Bundled Legal Services — from clio.com

The Law Firm of the Future — from joetechnologist.com by Joseph Raczynski

The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski — from the ABA Center for Innovation

Reimagining Law: The Importance of Law Librarians in a Digital World — from legaltechmonitor.com

AI CLM Company LinkSquares Raises $40M, Says It Will Soon Release First-of-its-Kind Product — from legaltechmonitor.com by Bob Ambrogi

“Today, we’re witnessing the next major step up in power, thanks to artificial intelligence software,” Sunak wrote. “AI is creating legal solutions that can outpace and outperform traditional software in the same way steamships and diesel-powered vessels could outperform even the most impressive wind-powered tall ships.” And just as the step up to power changed what boats could do, “Linksquares is changing what a legal software solution can do and be.”

From DSC:
AI has plenty of pitfalls, no doubt. But a range of AI-based technologies continues to move forward and become further integrated into numerous industries and disciplines. The legal realm is not only using AI-based applications already, but it will also need to have the knowledge to be able to support clients who bring cases involving AI (and other emerging technologies) to them.

Companies are key to solving the digital skills gap [Afshar]

On 07/12/2021, in 21st century, career development, change, changing business models, corporate / business world, corporate universities / corporate training, education, education reform, ideas, learning, Learning from the Living [Class] Room, lifelong learning, new business models, training / L&D, workplace, by Daniel Christian

Companies are key to solving the digital skills gap — from zdnet.com by Vala Afshar
The digital skills gap is becoming a digital skills crisis. An innovation expert discusses the root cause of what is driving the digital skills shortage and how can companies contribute to closing the gap.

Excerpts (emphasis DSC):

Vala Afshar: When we talk about the digital skills gap, what do we really mean?

Simon Mulcahy: Fundamentally, it’s an issue of supply and demand: a mismatch between the need for a digitally savvy workforce and the availability of workers trained in those skills. Every organization — whether a bank, healthcare company or retailer — is becoming a digital organization. Core digital skills aren’t the purview of a single department but increasingly hard-wired into nearly every job on the planet.

On the flip side, there’s a massive shortage in the skills needed to operate and lead in a digital-first environment. More importantly, there’s no mechanism in place to fix it.
…
VA: What can be done to address this growing gap, and what role should companies play?

SM: We need to revamp the way we deliver education. Of course, we need to build a foundation early on, but there are much better ways to equip people than through exams that don’t evolve to match society’s needs or degrees that force young people into onerous debt.

Instead, we should think of ourselves as lifelong learners. In support of that, we need just-in-time training that’s integrated into our working experience and relevant to wherever we are on our career journey. We need education that’s widely available, simple to access and affordable. It has to be easy to upskill or gain the knowledge we need to divert onto a different path. We also need education to be a lot more personal, matching what an individual needs in the moment.

Interesting…LearnWorlds: Create & sell online courses from your own website

On 07/12/2021, in 21st century, 24x7x365 access, adjunct faculty, career development, changing business models, cloud-based computing / apps / other cloud-related, dangers of the status quo, Daniel S. Christian, disruption, entrepreneurship, experimentation, faculty/staff, future, future of higher education, game-changing environment, higher education, homeschooling/homeschoolers, ideas, learning, learning ecosystem, Learning from the Living [Class] Room, lifelong learning, MOOCs -- Massive Open Online Courses, new business models, online learning, online media, passions, platforms, society, student-related, teachers, teaching & learning, teaching online, technologies for your home, tools, training / L&D, trends, United States, vendors, vision/possibilities, workplace, by Daniel Christian

From DSC:
While checking out an edition of innovation & tech today, the following sites caught me eye.

LearnWorlds looks intriguing to me. It will be interesting to see how teachers, professors, trainers, instructional designers, artists, coaches, and more make their living in the future. I’m pulse-checking the area of learning platforms and posting items re: it so that we can stay informed on these trends.

Also from LearnWorlds:

27 Best Online Learning Platforms

Also see:

Thinkific’s powerful, all-in-one platform makes it easy to share your knowledge, grow your audience, and scale the business you already love.

2U, Inc. and edX to Join Together in Industry-Redefining Combination

On 07/01/2021, in 24x7x365 access, adjunct faculty, career development, change, changing business models, cloud-based computing / apps / other cloud-related, CMS/LMS, collaboration, colleges, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, digital learning, education technology, faculty/staff, future of higher education, game-changing environment, global / globalization, higher education, learning ecosystem, Learning from the Living [Class] Room, MOOCs -- Massive Open Online Courses, new business models, online learning, online media, platforms, United States, universities, vendors, web-based collaboration, by Daniel Christian

2U, Inc. and edX to Join Together in Industry-Redefining Combination — from transformingdigitaleducation.com

2U to acquire substantially all edX assets, including edX brand, website, and marketplace
Together, 2U and edX will reach over 50 million learners, serve more than 230 partners, and offer over 3,500 digital programs on the world’s most comprehensive free-to-degree online education marketplace
Proceeds of the transaction will go to a nonprofit led by Harvard and MIT focused on transforming educational outcomes, tackling learning inequities

Other items related to this:

Is the edX Acquisition a Big Deal? — from eliterate.us by Michael Feldstein
2U to acquire edX for $800M — from highereddive.com by Natalie Schwartz
2U Buys edX for $800M, In Surprise End to Nonprofit MOOC Provider Started by MIT and Harvard — from edsurge.com by Jeffrey R. Young

Coursera: The ‘Amazon’ Of Online Education May Grow By Magnitudes — from seekingalpha.com

Summary

Increasing student dissatisfaction and declining enrollment suggest that many people are rethinking traditional methods of higher education.
The historical value of universities is becoming defunct as the internet allows a more efficient, less expensive, and more accessible vector of transmitting knowledge.
Innovative platforms like Coursera offer students a huge “marketplace” of high-quality courses far less expensive than those in traditional universities.
Given Coursera’s minimal barriers to growth and its massive total addressable market, I would not be surprised to see its annual revenue rise by 10X or more within years.
COUR may be one of the few recent IPOs which is actually trading below its fundamental fair value – subject to the assumption that online education will eventually supersede traditional models.

For College Finances, There’s No ‘Return to Normal’ [LeClair]

On 06/16/2021, in business side of he, change, changing business models, colleges, community colleges, cost of getting a degree, dangers of the status quo, faculty/staff, future of higher education, higher education, leadership, new business models, online learning, pace of change, strategy, United States, universities, by Daniel Christian

For College Finances, There’s No ‘Return to Normal’ — from chronicle.com by Mark S. LeClair
The critical problems facing higher education won’t end with the pandemic.

Excerpt:

Higher ed is in trouble. It faces a demographic crunch in 2026, when smaller high-school graduating classes will mean greater competition for students. That will lead to tuition discounting and underenrolled classes for many colleges. And yet that demographic crisis is only one of many significant challenges the sector faces. As noted by Forbes in its annual review of college and university financials, approximately 20 percent of all institutions now warrant a “D” ranking (its lowest). Many are under serious financial strain and may not survive.

The Forbes financial analyses have been warning of a worsening situation for years. The added stresses from the Covid-19 pandemic will further aggravate the untenable circumstances facing hundreds of institutions. There is now a very short window within which we must carry out significant reforms.

It’s like Netflix for education: UND considers subscription tuition model — from grandforksherald.com by Sydney Mook; with thanks to Ray Schroeder for this resource out on LinkedIn
Think of it as Netflix or Hulu – popular television subscription services – but for a UND education. Students could pay a flat rate and take as many (or as few) online courses as preferred, so long as they aren’t considered a full-time, degree-seeking student.

Excerpts:

UND wants to add a flat-rate subscription option to its tuition model.

Think of it as Netflix or Hulu – popular television subscription services – but for a UND education. Students could pay a flat rate and take as many (or as few) online courses as preferred, so long as they aren’t considered a full-time, degree-seeking student.

“You enroll, you have a subscription and during that subscription, you can binge watch,” said Jeff Holm, vice provost for online education and strategic planning at UND.

UND says it wants to “provide competency-based, online education that provides ‘micro-pathways’ or smaller targeted units of learning to individuals as a way to enhance their skill set and knowledge for advancing in the labor market or reskilling for a new employment opportunity.”

Law Firm Deregulation Programs Pick Up Speed in Utah, Arizona [Skolnik]

On 05/25/2021, in 21st century, career development, change, changing business models, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, new business models, United States, using teams, vendors, workplace, by Daniel Christian

Law Firm Deregulation Programs Pick Up Speed in Utah, Arizona — from news.bloomberglaw.com by Sam Skolnik

Excerpt:

Efforts to allow non-lawyers to own law firms in Arizona and Utah are picking up steam, as participating companies say it’s inevitable that more states will be following similar paths.

Utah’s regulatory “sandbox” and Arizona’s “alternative business structures” program are being closely watched by the country’s largest law firms like Snell & Wilmer, which is actively weighing the possible benefits.

“Snell & Wilmer has considered and is considering opportunities that these changes may present to a traditional law firm,” said Mark Morris, a Salt Lake City-based partner with the firm, which also has offices in Phoenix and Tucson, Arizona. The firm, he said, “is closely watching the successes and failures of others who are actively participating in these programs to help guide any future decisions.”

A16z is betting $20 million on Maven, an ed tech and creator economy mashup — from protocol.com by Penelope Blackwell
Since launching in January 2021, instructors have sold over $1 million worth of courses on Maven.

Excerpt:

A little over a decade ago, Gagan Biyani founded Udemy, one of the main platforms that popularized massive open online courses. Now, he’s back with a new idea that jams together ed tech and the creator economy, and he thinks it can help more students stick out their online learning.

His new company, Maven, is focused on cohort-based learning. An expert tutor with a large online following leads an online course for a group of learners. The students join and move through content at the same pace, but much of the learning happens peer-to-peer as the students share their experiences over the web.

“There are thousands of experts, creators, and practitioners around the world who have valuable knowledge to share but aren’t traditional professors, and we think this is the best way for creators to monetize over the next decade,” said Biyani. “We’re creating the university of the future, built around these 21st-century professors.”

From DSC:
If adjunct faculty members want to go a different way in order to try their hand at making a lot more money, institutions of traditional higher education better look out! Especially if this new/alternative approach picks up steam! Such institutions have been paying extremely low rates for adjunct faculty members. And because these folks aren’t tenured faculty members, they rarely get much of a say in the strategies and directions that their institutions set and pursue.

With lifelong learning now a requirement, this type of alternative will be on an increasing number of peoples’ radars out there.

A picture of a radar

Learning Ecosystems

Surviving Among the Giants [Carlson]

Could Coursera become as prestigious as Harvard? This expert thinks so. [Young]

Companies are key to solving the digital skills gap [Afshar]

2U, Inc. and edX to Join Together in Industry-Redefining Combination

Coursera: The ‘Amazon’ Of Online Education May Grow By Magnitudes [seekingalpha.com]

For College Finances, There’s No ‘Return to Normal’ [LeClair]

It’s like Netflix for education: UND considers subscription tuition model [Mook]

Law Firm Deregulation Programs Pick Up Speed in Utah, Arizona [Skolnik]

Categories

Tags