new business models

Very interesting: Purdue University to Acquire Kaplan University [wsj.com’s Belkin & Korn]

On 04/28/2017, in adult learning, business side of he, changing business models, leadership, lifelong learning, new business models, online learning, strategy, United States, universities, vendors, by Daniel Christian

Purdue University to Acquire Kaplan University — from wsj.com by Douglas Belkin and Melissa Korn
Purdue President Mitch Daniels calls deal major push into online education

Excerpt:

Purdue University, a flagship public institution in Indiana, is jumping into online education by buying for-profit Kaplan University with the aim of creating a new, public online university.

Also see:

Purdue Buys For-Profit Kaplan University for $1 to Create New Kind of Public University — from edsurge.com by Jeffrey R. Young
Excerpt:

It’s kind of a head-spinner. Purdue University agreed today to buy one of the largest for-profit universities, Kaplan University, and turn it into a public, non-profit university in the Purdue system. Except that this new public university will apparently operate without state funding (though financial aid will be available to students).

The sale price for Kaplan University’s 15 campuses was $1, though with one important catch: The new nonprofit university operated by Purdue promised to give a percentage of its revenue back to its former owner, Kaplan, Inc., for the next 30 years.

Addendum on 5/3/17:

Purdue’s Purchase of Kaplan Is a Big Bet — and a Sign of the Times — from chronicle.com by Goldie Blumenstyk

What are the ramifications for higher education re: the massive changes beginning to take place due to AI, automation, & robotics?

On 04/13/2017, in 21st century, accreditation, adult learning, Artificial Intelligence/Agents/LLMs/and Related, business, business side of he, career development, change, changing business models, colleges, communities of practice, community colleges, corporate / business world, dangers of the status quo, Daniel S. Christian, emerging technologies, future, future of higher education, game-changing environment, global / globalization, heutagogy, higher education, human-computer interaction (HCI), ideas, innovation, leadership, learning, learning ecosystem, learning hubs & pods & microschooling, legislatures / government / legal, lifelong learning, Michigan, microlearning, MOOCs -- Massive Open Online Courses, more voice more choice more control, new business models, online learning, pace of change, passions, reinvent, robotics, society, staying relevant, strategy, student-related, surviving, technologies for your home, the downsides of how people use tech, traditional / tradition, training / L&D, trends, United States, universities, vision/possibilities, workplace, youth, by Daniel Christian

From DSC:
The recent pieces below made me once again reflect on the massive changes that are quickly approaching — and in some cases are already here — for a variety of nations throughout the world.

They caused me to reflect on:

What the potential ramifications for higher education might be regarding these changes that are just starting to take place in the workplace due to artificial intelligence (i.e., the increasing use of algorithms, machine learning, and deep learning, etc.), automation, & robotics?
The need for people to reinvent themselves quickly throughout their careers (if we can still call them careers)
How should we, as a nation, prepare for these massive changes so that there isn’t civil unrest due to soaring inequality and unemployment?

As found in the April 9th, 2017 edition of our local newspaper here:

When even our local newspaper is picking up on this trend, you know it is real and has some significance to it.

Then, as I was listening to the radio a day or two after seeing the above article, I heard of another related piece on NPR. NPR is having a journalist travel across the country, trying to identify “robot-safe” jobs. Here’s the feature on this from MarketPlace.org

What changes do institutions of traditional higher education
immediately need to begin planning for? Initiating?

What changes should be planned for and begin to be initiated
in the way(s) that we accredit new programs?

Keywords/ideas that come to my mind:

Change — to society, to people, to higher ed, to the workplace
Pace of technological change — no longer linear, but exponential
Career development
Staying relevant — as institutions, as individuals in the workplace
Reinventing ourselves over time — and having to do so quickly
Adapting, being nimble, willing to innovate — as institutions, as individuals
Game-changing environment
Lifelong learning — higher ed needs to put more emphasis on microlearning, heutagogy, and delivering constant/up-to-date streams of content and learning experiences. This could happen via the addition/use of smaller learning hubs, some even makeshift learning hubs that are taking place at locations that these institutions don’t even own…like your local Starbucks.
If we don’t get this right, there could be major civil unrest as inequality and unemployment soar
Traditional institutions of higher education have not been nearly as responsive to change as they have needed to be; this opens the door to alternatives. There’s a limited (and closing) window of time left to become more nimble and responsive before these alternatives majorly disrupt the current world of higher education.

Addendum from the corporate world (emphasis DSC):

From The Impact 2017 Conference:

The Role of HR in the Future of Work – A Town Hall

Josh Bersin, Principal and Founder, Bersin by Deloitte, Deloitte Consulting LLP
Nicola Vogel, Global Senior HR Director, Danfoss
Frank Møllerop, Chief Executive Officer, Questback
David Mallon, Head of Research, Bersin by Deloitte, Deloitte Consulting LLP

Massive changes spurred by new technologies such as artificial intelligence, mobile platforms, sensors and social collaboration have revolutionized the way we live, work and communicate – and the pace is only accelerating. Robots and cognitive technologies are making steady advances, particularly in jobs and tasks that follow set, standardized rules and logic. This reinforces a critical challenge for business and HR leaders—namely, the need to design, source, and manage the future of work.

In this Town Hall, we will discuss the role HR can play in leading the digital transformation that is shaping the future of work in organizations worldwide. We will explore the changes we see taking place in three areas:

Digital workforce: How can organizations drive new management practices, a culture of innovation and sharing, and a set of talent practices that facilitate a new network-based organization?
Digital workplace: How can organizations design a working environment that enables productivity; uses modern communication tools (such as Slack, Workplace by Facebook, Microsoft Teams, and many others); and promotes engagement, wellness, and a sense of purpose?
Digital HR: How can organizations change the HR function itself to operate in a digital way, use digital tools and apps to deliver solutions, and continuously experiment and innovate?

Will higher ed learn from the world of retail, before the “Next Amazon.com of Higher Education” hits the scene?

On 04/07/2017, in 21st century, 24x7x365 access, Amazon, Artificial Intelligence/Agents/LLMs/and Related, bots, business, business side of he, change, changing business models, corporate / business world, dangers of the status quo, Daniel S. Christian, digital learning, disruption, distance education, education, education reform, education technology, future of higher education, game-changing environment, global / globalization, heutagogy, higher education, ideas, intelligent systems, leadership, learning, learning agents, learning ecosystem, Learning from the Living [Class] Room, lifelong learning, more voice more choice more control, new business models, online learning, personalized/customized learning, platforms, reinvent, society, staying relevant, surviving, trends, United States, universities, vendors, vision/possibilities, web-based collaboration, workplace, by Daniel Christian

Retailers cut tens of thousands of jobs. Again. — from money.cnn.com by Paul R. La Monica
The dramatic reshaping of the American retail industry has, unfortunately, led to massive job losses in the sector.

Excerpt (emphasis DSC):

The federal government said Friday that retailers shed nearly 30,000 jobs in March. That follows a more than 30,000 decline in the number of retail jobs in the previous month.

So-called general merchandise stores are hurting the most.

That part of the sector, which includes struggling companies like Macy’s, Sears, and J.C. Penney, lost 35,000 jobs last month. Nearly 90,000 jobs have been eliminated since last October.
…
“There is no question that the Amazon effect is overwhelming,” said Scott Clemons, chief investment strategist of private banking for BBH. “There has been a shift in the way we buy things as opposed to a shift in the amount of money spent.”

To that end, Amazon just announced plans to hire 30,000 part-time workers.

From DSC:
One of the reasons that I’m posting this item is for those who say disruption isn’t real…it’s only a buzz word…

A second reason that I’m posting this item is because those of us working within higher education should take note of the changes in the world of retail and learn the lesson now before the “Next Amazon.com of Higher Education*” comes on the scene. Though this organization has yet to materialize, the pieces of its foundation are beginning to come together — such as the ingredients, trends, and developments that I’ve been tracking in my “Learning from the Living [Class] Room” vision.

This new organization will be highly disruptive to institutions of traditional higher education.

If you were in an influential position at Macy’s, Sears, and/or at J.C. Penney today, and you could travel back in time…what would you do?

We in higher education have the luxury of learning from what’s been happening in the retail business. Let’s be sure to learn our lesson.

* Effective today, what I used to call the “Forthcoming Walmart of Education“ — which has already been occurring to some degree with things such as MOOCs and collaborations/partnerships such as Georgia Institute of Technology, Udacity, and AT&T — I now call the “Next Amazon.com of Higher Education.”

Cost. Convenience. Selection. Offering a service on-demand (i.e., being quick, responsive, and available 24×7). <– These all are powerful forces.

P.S. Some will say you can’t possibly compare the worlds of retail and higher education — and that may be true as of 2017. However, if:

the costs of higher education keep going up and we continue to turn a deaf ear to the struggling families/students/adult learners/etc. out there
alternatives to traditional higher education continue to come on the landscape
the Federal Government continues to be more open to financially supporting such alternatives
technologies such as artificial intelligence, machine learning, deep learning continue to get better and more powerful — to the point that they can effectively deliver a personalized education (one that is likely to be fully online and that utilizes a team of specialists to create and deliver the learning experiences)
people lose their jobs to artificial intelligence, robotics, and automation and need to quickly reinvent themselves

…I can assure you that people will find other ways to make ends meet. The Next Amazon.com of Education will be just what they are looking for.

The Blockchain Revolution and Higher Education — from er.educause.edu by Don Tapscott and Alex Tapscott
The blockchain provides a rich, secure, and transparent platform on which to create a global network for higher learning. This Internet of value can help to reinvent higher education in a way the Internet of information alone could not.

Excerpt:

What will be the most important technology to change higher education? In our view, it’s not big data, the social web, MOOCs, virtual reality, or even artificial intelligence. We see these as components of something new, all enabled and transformed by an emerging technology called the blockchain.

OK, it’s not the most sonorous word ever, sounding more like a college football strategy than a transformative technology. Yet, sonorous or not, the blockchain represents nothing less than the second generation of the Internet, and it holds the potential to disrupt money, business, government, and yes, higher education.

The opportunities for innovators in higher education fall into four categories:

Identity and Student Records: How we identify students; protect their privacy; measure, record, and credential their accomplishments; and keep these records secure
New Pedagogy: How we customize teaching to each student and create new models of learning
Costs (Student Debt): How we value and fund education and reward students for the quality of their work
The Meta-University: How we design entirely new models of higher education so that former MIT President Chuck Vest’s dream can become a reality¹

The blockchain may help us change the relationships among colleges and universities and, in turn, their relationship to society.

Let us explain.

What if there was an Internet of value — a global, distributed, highly secure platform, ledger, or database where we could store and exchange things of value and where we could trust each other without powerful intermediaries? That is the blockchain.

From DSC:
The quote…

In 2006, MIT President Emeritus Vest offered a tantalizing vision of what he called the meta-university. In the open-access movement, he saw “a transcendent, accessible, empowering, dynamic, communally constructed framework of open materials and platforms on which much of higher education worldwide can be constructed or enhanced.”

…made me wonder if this is where a vision that I’m tracking called Learning from the Living [Class] Room is heading. Also, along these lines, futurist Thomas Frey believes

“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)

Blockchain could be a key piece of this vision.

From DSC:
Hmmm…how true: “…the digital age rewards change and punishes stasis.” (source)

Which reminds me of a photo I took just yesterday morning at one of the malls in our area, where a local Sears store is closing.

It made me wonder…if Sears could do it all over again, what would they do differently? If they had a time machine, would they go back in time and work to become the new Amazon.com?

By the way, this picture is for those people who continue to dismiss the need to change and to adapt. Surveying the relevant landscapes is an increasingly important thing for all of us to do, especially given that we are now on an exponential pace of technological change.

Companies must be open to radical reinvention to find new, significant, and sustainable sources of revenue. Incremental adjustments or building something new outside of the core business can provide real benefits and, in many cases, are a crucial first step for a digital transformation. But if these initiatives don’t lead to more profound changes to the core business and avoid the real work of rearchitecting how the business makes money, the benefits can be fleeting and too insignificant to avert a steady march to oblivion.

Addendum on 2/10/17

Macy’s earnings: Shifts in retail are hurting major players — from marketwatch.com by Tonya Garcia
Macy’s has assets like real estate and brand identity, but shifts in the sector are putting pressure on earningsExcerpt:
Even a major player like Macy’s M, +1.51% isn’t immune to retail’s struggles. The sector is experiencing a dramatic shift to e-commerce and changes in consumer tastes and shopping behavior that have put pressure on department store earnings, and on the industry as a whole. Macy’s has already announced 100 store closures and thousands of job cuts, in addition to a reassessment of its real-estate assets. Now there’s buzz from reports about buyout talks with Hudson’s Bay Co. HBC, parent to Lord & Taylor and Saks Fifth Avenue.

With Uber Freight, it’s not just truck drivers whose jobs are at risk [McDermott]

On 01/20/2017, in business, career development, change, changing business models, corporate / business world, emerging technologies, game-changing environment, generational differences, new business models, platforms, reinvent, society, staying relevant, surviving, workplace, by Daniel Christian

With Uber Freight, it’s not just truck drivers whose jobs are at risk — from linkedin.com by John McDermott
The bane of taxi drivers everywhere is now taking on logistics

Excerpts (emphasis DSC):

At the end of December Uber debuted Uber Freight, its foray into the un-sexy yet lucrative world of logistics. Many saw Uber’s entry into freight as a death knell for trucking companies, as Uber is looking to build a fleet of driverless trucks.

And while the threat to trucking is real, Uber Freight poses a more immediate risk to the thousands of mid-level, white-collar support staff jobs in the industry.
…
Uber is uniquely positioned to streamline the industry, though. Much like the company’s ride-hailing app cuts out the taxi dispatcher and allows people to hail rides directly from drivers, Uber Freight can create a platform where shippers and truckers broker shipping orders directly with one another, effectively rendering obsolete thousands of 3PL (third party logistics) workers. It replaces people with software, and configures a labor-intensive industry into a SaaS business.
…
Famed venture capitalist Marc Andreessen is fond of the phrase “software is eating the world,” meaning that it’s replacing many of the post-industrial, pre-internet jobs once thought to be essential. Problem is, one man’s efficiency is another’s unemployment.

Problem is, one man’s efficiency is another’s unemployment.

Some reflections/resources on today’s announcements from Apple

On 10/27/2016, in 21st century, 24x7x365 access, A/V -- audio/visual, active learning, adult learning, analytics, Apple, Artificial Intelligence/Agents/LLMs/and Related, Augmented Reality (AR), Blockchain, Bring your own device (BYOD), 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, convergence, corporate universities / corporate training, cost of getting a degree, Daniel S. Christian, data related items, digital learning, distance education, education technology, elearning, emerging technologies, formal learning, future of higher education, game-changing environment, global / globalization, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), ideas, informal learning, innovation, intelligent systems, intelligent tutoring, internet, K-12 related, learner profiles, learning, learning agents, learning ecosystem, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, lifelong learning, microlearning, mirroring and/or multiple devices, mobile learning, MOOCs -- Massive Open Online Courses, more voice more choice more control, multimedia, new business models, online learning, online tutoring, personalized/customized learning, platforms, professional development, reinvent, staying relevant, streams of content, student-related, surviving, tablets, technologies for your home, television, training / L&D, TVs, ubiquitous learning, universities, user experience (UX), vendors, videoconferencing, virtual field trips, virtual K-12 schools, Virtual Reality (VR) / worlds / learning, virtual tutoring, vision/possibilities, web-based collaboration, webinars, youth, by Daniel Christian

From DSC:
How long before recommendation engines like this can be filtered/focused down to just display apps, channels, etc. that are educational and/or training related (i.e., a recommendation engine to suggest personalized/customized playlists for learning)?

That is, in the future, will we have personalized/customized playlists for learning on our Apple TVs — as well as on our mobile devices — with the assessment results of our taking the module(s) or course(s) being sent in to:

A credentials database on LinkedIn (via blockchain)
and/or
A credentials database at the college(s) or university(ies) that we’re signed up with for lifelong learning (via blockchain)
and/or
To update our cloud-based learning profiles — which can then feed a variety of HR-related systems used to find talent? (via blockchain)

Will participants in MOOCs, virtual K-12 schools, homeschoolers, and more take advantage of learning from home?

Will solid ROI’s from having thousands of participants paying a smaller amount (to take your course virtually) enable higher production values?

Will bots and/or human tutors be instantly accessible from our couches?

Will we be able to meet virtually via our TVs and share our computing devices?

The Living [Class] Room -- by Daniel Christian -- July 2012 -- a second device used in conjunction with a Smart/Connected TV

Other items on today’s announcements:

All the big announcements from Apple’s Mac event — from amp.imore.com by Joseph Keller

MacBook Pro
Final Cut Pro X
Apple TV > new “TV” app
Touch Bar

Apple is finally unifying the TV streaming experience with new app — from techradar.com by Nick Pino

How to migrate your old Mac’s data to your new Mac — from amp.imore.com by Lory Gil

MacBook Pro FAQ: Everything you need to know about Apple’s new laptops — from amp.imore.com by Serenity Caldwell

Accessibility FAQ: Everything you need to know about Apple’s new accessibility portal — from imore.com by Daniel Bader

Apple’s New MacBook Pro Has a ‘Touch Bar’ on the Keyboard — from wired.com by Brian Barrett

Apple’s New TV App Won’t Have Netflix or Amazon Video — from wired.com by Brian Barrett

Apple 5th Gen TV To Come With Major Software Updates; Release Date Likely In 2017 — from mobilenapps.com

The Few, The Proud, the Unusual — by Jack Uldrich

Excerpt:

An army of ants is an awe-inspiring and efficient force of nature. While each ant is individually small, collectively they accomplish amazing things—provided they have a sufficient source of food. The same is true of today’s modern corporation—if it has a profitable source of revenue. Alas, when the food or the money dries up, both the army and the corporation are endangered.

To protect themselves, ants rely on a unique sub-group of “pioneer ants.” Their sole job is to move out away from the main army in search of the next source of food. In this way, the pioneers act as a hedge against the possibility of being caught without a future source of food.

Every organization should also have at least a few “pioneers ants” whose single job is to identify future opportunities. To ensure these individuals have the best chance of success, I have outlined a series of unusual characteristics that I believe will bolster their odds of success–and, thus, your success…

Every organization should also have at least a few “pioneers ants” whose single job is to identify future opportunities.

If you doubt that we are on an exponential pace of change, you need to check these articles out! [Christian]

On 09/22/2016, in 21st century, Amazon, Apple, Artificial Intelligence/Agents/LLMs/and Related, Asia, Australia, business, Canada, career development, change, changing business models, cloud-based computing / apps / other cloud-related, colleges, community colleges, computer science, convergence, corporate / business world, corporate universities / corporate training, dangers of the status quo, Daniel S. Christian, data related items, disruption, emerging technologies, engineering, entrepreneurship, ethics, Europe, experimentation, faith, future, game-changing environment, generational differences, global / globalization, Google, health, hearts -- matters of the heart, heutagogy, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), IBM, ideas, India, innovation, intelligent systems, intelligent tutoring, interaction design, internet, K-12 related, leadership, learner profiles, learning, learning agents, learning ecosystem, Learning from the Living [Class] Room, legislatures / government / legal, lifelong learning, machine-to-machine communications, marketplaces, Microsoft, mobile technologies, Near Field Communication (NFC), new business models, organizational change, pace of change, platforms, political science, professional development, psychology, reinvent, relationships, religion, research, robotics, society, sociology, staying relevant, strategy, student-related, surviving, the downsides of how people use tech, training / L&D, trends, UK, United States, universities, web-based collaboration, workplace, youth, by Daniel Christian

From DSC:
The articles listed in this PDF document demonstrate the exponential pace of technological change that many nations across the globe are currently experiencing and will likely be experiencing for the foreseeable future. As we are no longer on a linear trajectory, we need to consider what this new trajectory means for how we:

Educate and prepare our youth in K-12
Educate and prepare our young men and women studying within higher education
Restructure/re-envision our corporate training/L&D departments
Equip our freelancers and others to find work
Help people in the workforce remain relevant/marketable/properly skilled
Encourage and better enable lifelong learning
Attempt to keep up w/ this pace of change — legally, ethically, morally, and psychologically

PDF file here

One thought that comes to mind…when we’re moving this fast, we need to be looking upwards and outwards into the horizons — constantly pulse-checking the landscapes. We can’t be looking down or be so buried in our current positions/tasks that we aren’t noticing the changes that are happening around us.

The Internet of Things is here, and it isn’t a thing [Mims]

On 08/23/2016, in 21st century, 24x7x365 access, business, corporate / business world, emerging technologies, innovation, internet, machine-to-machine communications, Near Field Communication (NFC), new business models, technologies for your home, by Daniel Christian

The Internet of Things is here, and it isn’t a thing — from wsj.com by Christopher Mims
Selling services via connected devices is how many companies have created businesses

Excerpt:

Everyone is waiting for the Internet of Things. The funny thing is, it is already here. Contrary to expectation, though, it isn’t just a bunch of devices that have a chip and an internet connection.

The killer app of the Internet of Things isn’t a thing at all—it is services. And they are being delivered by an unlikely cast of characters: Uber Technologies Inc., SolarCity Corp. , ADT Corp., and Comcast Corp. , to name a few. One recent entrant: the Brita unit of Clorox Corp. , which just introduced a Wi-Fi-enabled “smart” pitcher that can re-order its own water filters.

When internet-connected devices are considered a service, consumers don’t have to worry about integrating gadgets. Focusing on services also helps vendors clarify their offerings.

How does the combination of smarts, sensors and connectivity enhance people’s lives?

U.S. Dept of Education Launches Initiative for Low-Income Students to Access New Generation Of Higher Education Providers

On 08/17/2016, in colleges, community colleges, computer science, corporate / business world, dangers of the status quo, experimentation, funding / grants, future of higher education, game-changing environment, higher education, legislatures / government / legal, new business models, online learning, programming, student-related, traditional / tradition, United States, universities, by Daniel Christian

FACT SHEET: ED Launches Initiative for Low-Income Students to Access New Generation Of Higher Education Providers — from ed.gov

Excerpt:

[On 8/16/16], the U.S. Department of Education (ED) is inviting eight selected partnerships between institutions of higher education and non-traditional providers to participate in the EQUIP (Educational Quality through Innovation Partnerships) experiment.

These partnerships will allow students—particularly low-income students—to access federal student aid for the first time to enroll in programs offered by non-traditional training providers, in partnership with colleges and universities, including coding bootcamps, online courses, and employer organizations. The goals of the experiment are to: (1) test new ways of allowing Americans from all backgrounds to access innovative learning and training opportunities that lead to good jobs, but that fall outside the current financial aid system; and (2) strengthen approaches for outcomes-based quality assurance processes that focus on student learning and other outcomes. The experiment aims to promote and measure college access, affordability, and student outcomes.

Obama Administration to Fund Nontraditional Training for Students — from wsj.com
Education Department will give up to $17 million in loans and grants for training at eight entities that aren’t traditional colleges

Excerpt:

WASHINGTON—The Obama administration will inject millions of dollars into a group of nontraditional education providers to address a vexing problem: Many Americans are leaving college with debt but without skills the economy needs.

The administration is turning to the private sector for help. In a novel experiment, the Education Department announced Tuesday up to $17 million in loans and grants for students to undergo training at eight entities that aren’t traditional colleges. Most are for-profit companies. They include coding academies such as New York startup Flatiron School and Portland, Ore.-based Epicodus, as well as websites such as Study.com and StraighterLine that provide online courses at reduced costs.

The one that stands out from the group is corporate giant General Electric Co., which won’t receive funds directly but will provide training at one of its jet-engine plants under the program.

The program, called Educational Quality through Innovative Partnerships, or Equip, is designed to enable low-income Americans to learn skills in areas where colleges often fall short, such as learning how to write computer code, or using new software to operate high-tech manufacturing equipment to make jet engines.

Can’t Afford Coding Camp? The Feds May Have a Loan for You — from wired.com by Issie Lapowsky

Excerpt:

A new Department of Education program focused on skills training aims to address that second part. Announced last year, the so-called Educational Quality through Innovation Partnerships program will offer federal student aid to students enrolled at non-traditional institutions like coding bootcamps and skills-training programs.

[On 8/16/16], the Department of Education revealed the eight organizations and educational institutions with programs that will be covered as part of the EQUIP pilot program. For now, the programs are located on both coasts and in Texas. They include bootcamps like The Flatiron School, as well as newly launched training programs from companies like General Electric. The Department of Education chose the programs from dozens of applications, and each organization will partner with an established, accredited college or university. Meanwhile, third-party quality assurance partners have signed up to monitor students’ results.

The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services — from weforum.org

Key findings include:

Distributed ledger technology (blockchain) has the potential to drive simplicity and efficiency by establishing new financial services infrastructure and processes
Distributed ledger technology will form the foundation of next generation financial services infrastructure in conjunction with other existing and emerging technologies
Similar to technological advances in the past, new financial services infrastructure will transform and question traditional orthodoxies in today’s business models
The most impactful distributed ledger technology applications will require deep collaboration between incumbents, innovators, and regulators, adding complexity and delaying implementation

The report is centered on use cases, considering how distributed ledger technology could benefit each scenario. How will blockchain transform the future of financial services?

Ernst & Young’s report anticipates blockchain to reach critical mass in 3-5 years — from coinspeaker.com by Tatsiana Yablonskaya
Ernst and Young explains that financial industry is far from being the only one that can benefit from the blockchain technology.

Excerpt (emphasis DSC):

Ernst & Young, leading consulting firm, one of the “Big Four” audit firms and the third largest professional services firm in the world, has made some predictions about the future of the blockchain technology and its significance in various industry sectors in the recent report.

The attention of multiple financial companies has been focused on the blockchain lately. This unique technology is well adaptable to the increasing requirements of secure bookkeeping and automation in various industries.

The EY report predicts that blockchain will reach critical mass in financial services in 3-5 years, with other industries following quickly. “One reason the blockchain reaction is racing toward critical mass faster than previous disruptive technologies is that it is arriving in the midst of the digital transformation already sweeping through most sectors of the global economy. Consequently, despite the obstacles still to be overcome, businesspeople and governments are preconditioned to recognize blockchain’s potential. Tech companies have already established much of the digital infrastructure required to realize blockchain business visions.”

From DSC:
Applying this technology towards the world of learning…

I wonder how blockchain might impact credentialing for lifelong learning, and will it be integrated into services available via tvOS-based applications? This type of cloud-based offering/service could likely be a piece of our future learning ecosystems. Innovative, forward-thinking institutions should put this on their radar now, and start working on such efforts.

Campus Technology 2016: Revolution is in the air — from edtechmagazine.com by Amy Burroughs
Georgia Tech educator and author forecasts that technology may be the answer to higher education’s ‘triple threat.’

Excerpts:

In his keynote address at Campus Technology 2016, educator and author Richard DeMillo predicted that technology will be the key to resolving the toughest challenges facing higher education. In his speech, “A Revolution in Higher Education: Tales from Unlikely Allies,” DeMillo said that this revolution may be quiet, but it is happening, as more educators and leaders embrace innovation.
…
One problem, he said, is that the model of education that has dominated until now — small classrooms built around lecture-based pedagogy — is too expensive to be sustainable. Technology, however, now makes it possible to deliver education that is equally effective, yet less costly and less exclusionary (think MOOCs, online learning and emerging capabilities such as artificial intelligence). All this prompts a revolutionary rethinking of time-tested assumptions, he said.

What persists, he said, is his belief that higher education, for all its greatness, is not immune from the influence of politics, business, sociology and the economy.

The need for more “Trim Tab Groups” in higher education [Christian]

On 07/25/2016, in 21st century, business side of he, change, changing business models, colleges, community colleges, Daniel S. Christian, expectations, experimentation, higher education, ideas, innovation, leadership, new business models, strategy, universities, vision/possibilities, by Daniel Christian

The need for more “Trim Tab Groups” in higher education — from evolllution.com by Daniel Christian

Excerpt:

So to apply this concept to the world of higher education: what higher education institutions need to develop these days are those smaller, nimbler groups that can innovate and experiment with a variety of things. Those smaller groups can then hand over to the larger organization—or to a brand new branch of the existing organization—what is successful and is showing promise. Then the smaller, nimbler group can move onto something else.
…
By forming Trim Tab Groups throughout higher education, we gain the capacity to experiment with relatively small projects that will ultimately have much larger impacts on the institutions and the learners that those institutions serve.

trim-tab

As such, many segments of higher education must adapt and change—or risk servicing far fewer learners over the next two to three decades, as they watch their customers head elsewhere. And then it’s a costly game of musical chairs for faculty and staff, as the larger organizations downsize.

— Daniel Christian

How colleges are keeping up with business changes [Lederman & Seltzer]

On 07/19/2016, in business side of he, change, changing business models, colleges, community colleges, higher education, new business models, United States, universities, by Daniel Christian

How colleges are keeping up with business changes — from insidehighered.com by Doug Lederman and Rick Seltzer

Excerpt:

MONTREAL — College and universities’ coping mechanisms are on full display this week as business officers fight a mix of financial pressures ranging from budget crunches to tuition discounting run amok to high levels of debt blocking necessary construction.

Strategies to tackle the problems are on display at the National Association of College and University Business Officers’ annual meeting here. The multiday conference comes as business officers increasingly believe that higher education is in a financial crisis, according to a new Inside Higher Ed survey. But they also feel better than they have in previous years about their own institutions’ futures.

That dichotomy is apparent in Montreal, where many sessions talk about the myriad challenges business offices face — and the way institutions are tackling them.

Also see #NACUBOAM on Twitter.

Learning Ecosystems

Very interesting: Purdue University to Acquire Kaplan University [wsj.com’s Belkin & Korn]

DC: Hmmm…how true: “The digital age rewards change and punishes stasis.”

With Uber Freight, it’s not just truck drivers whose jobs are at risk [McDermott]

Uldrich: Every organization should have at least a few “pioneers ants” whose single job is to identify future opportunities.

The Internet of Things is here, and it isn’t a thing [Mims]

An ambitious look at how blockchain can reshape financial services; also, could blockchain & tvOS-based apps be a piece of our future learning ecosystems?

The need for more “Trim Tab Groups” in higher education [Christian]

How colleges are keeping up with business changes [Lederman & Seltzer]

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