Some Day In Higher Education: Predictions And Possibilities For A Jolly Academic New Year — from forbes.com by Ann Kirschner

Excerpt:

  • Partnering with the private sector. Some university will have a clear strategy and adequate staff to develop strategic partnerships with key regional economic players. These would include internship/apprenticeship student opportunities and curricular initiatives including part-time teaching roles for professors of practice in rapidly changing technologies.
  • Looking for presidential talent in new places. Some university will vet its new president for skills and experience as leaders of complex organizations in an era of disruption, with a Ph.D. as a optional nice-to-have. There just aren’t enough good ex-provosts and deans to go around.
  • An educated board of trustees. Some university will provide its trustees with a realistic understanding of the highly competitive and complex world of higher education today. Nostalgia for the good old days and a roomful of well-meaning financial experts can strangle innovation at a time when the university should be the leader in solving the world’s challenges, starting with the exploding need for advanced, scalable, affordable education.

Redefining the professoriate. Some university will reject the institutional shame of relying on overworked and underpaid adjunct faculty and on graduate students who are headed for those same dead-end adjunct positions. Some university will evolve the tenure process into one that celebrates and supports faculty as innovative teachers and rewards their critical role in student career development and service to the university.

 

From DSC:
Our son recently took a 3-day intensive course on the Business of Acting. It was offered by the folks at “My College Audition” — and importantly, the course was not offered by the university where he is currently working on a BFA in Acting. By the way, aspiring performing arts students may find this site very beneficial/helpful as well. (Example blog posting here.)

mycollegeaudition.com/

The course was actually three hours of learning on a Sunday night, a Monday night, and a Tuesday night from 6-9pm.

The business of acting -- a 3-day virtual intensive course from mycollegeaudition.com

He learned things that he mentioned have not been taught in his undergrad program (at least not so far). When I asked him what he liked most about the course, he said:

  • These people are out there doing this (DSC insert: To me, this sounds like the use of adjunct faculty in higher ed)
  • There were 9 speakers in the 9 hours of classtime
  • They relayed plenty of resources that were very helpful and practical. He’s looking forward to pursuing these leads further.

He didn’t like that there were no discussion avenues/forums available. And as a paying parent, I didn’t like that we had to pay for yet another course and content that he wasn’t getting at his university. It may be that the university that he’s studying at will offer such a course later in the curriculum. But after two years of college experience, he hasn’t come across anything this practical and he is eagerly seeking out this type of practical/future-focused information. In fact, it’s critical to him staying with acting…or not. He needs this information sooner in his program.

It made me reflect on the place of adjunct faculty within higher education — folks who are out there “doing” what they are teaching about. They tend to be more up-to-date in their real-world knowledge. Sabbaticals are helpful in this regard for full-time faculty, but they don’t come around nearly enough to keep one’s practical, career-oriented knowledgebase up-to-date.

Again, this dilemma is to be expected, given our current higher education learning ecosystem. Faculties’ plates are full. They don’t have time to pursue this kind of endeavor in addition to their daily responsibilities. Staff aren’t able to be out there “doing” these things either.

This brings me back to design thinking. We’ve got to come up with better ways of offering student-centered education, programming, and content/resources.

My son walked away shaking his head a bit regarding his current university. At a time when students and families are questioning the return on their investments in traditional institutions of higher education, this issue needs to be taken very seriously. 


Also potentially relevant for some of the performing arts students out there:


 

Local private colleges slash tuition prices as enrollment declines — from news.yahoo.com by Jason Law

Excerpts:

“By reducing the published price, we certainly would hope that more people would apply,” Alexander said. “If they see a sticker price of $60,000 or more, there’s research out there that says 60% of them don’t take the next step to apply or figure out if they can afford it.”

One of the most frustrating aspects for consumers, the Hechinger Report found, is the difference between a school’s sticker price—its published tuition cost–and the actual price a student will pay after scholarships and institutional aid are subtracted.

“Many families are not aware that some students do not pay the full sticker price for college. Only 18% of college-bound families agree that the amount families actually pay is lower than the price advertised by the school,” a 2022 Sallie Mae College Confidence report found.

Student Loan Debt: 2022 Statistics and Outlook — from investopedia.com by Daniel Kurt, Thomas Brock, and Amanda Jackson; with thanks to Ray Schroeder for posting this on LinkedIn
The numbers are staggering—and still on the rise

KEY TAKEAWAYS

  • The total amount of outstanding student loan debt in the United States is $1.77 trillion.
  • Soaring college costs and pressure to compete in the job marketplace are big factors for student loan debt.
  • Student loans are the most common form of educational debt, followed by credit cards and other types of credit.
  • Delinquency statistics may be understated because of the relief provided to student loan borrowers by the White House.
  • Borrowers who don’t complete their degrees are more likely to default.

Congress to Boost Pell Grant by $500 — from insidehighered.com by Katherine Knott
While the draft spending plan for fiscal year 2023 provides more funding for several programs, higher education groups and advocates had hoped for higher increases.

 
 

Also see:

Redbridge | The future of lifelong learning — from redbridgesf.org and with thanks to Michael Horn for this resource

Excerpts from their home page:

  • Red Bridge is a school that teaches students to set goals, work together, reflect, and own their learning.
  • For families who value lifelong learning and share a sense of responsibility for their community.
  • Our vision is for all students to graduate with a sense of ownership over their learning and their lives – so that no matter what the future looks like, they have the capacity to adapt and flourish.

 

 

Why College Students Turned From Being Down on Remote Learning to Mostly in Favor of It — from edsurge.com by Robert Ubell

Excerpt:

Over time, with months of practice as the pandemic proceeded, instructors and students learned how to use remote tools. Continuously online, enormous numbers gained proficiency with digital learning software. “The quality of a well-run synchronous, online class can now rival—and in some respects exceed—the quality of the in-person equivalent,” observes John Villasenor at the Brookings Institution.

The good news is that online learning is no longer reviled and resented, but after a rocky tryout in the pandemic, it’s now just another higher ed choice in which students and faculty, after years of digital stress, have largely adapted to it.

The above article linked to:

Noetel, M., Griffith, S., Delaney, O., Sanders, T., Parker, P., del Pozo Cruz, B., & Lonsdale, C. (2021). Video Improves Learning in Higher Education: A Systematic Review. Review of Educational Research, 91(2), 204–236. https://doi.org/10.3102/0034654321990713

Conclusion
Online teaching allows for learning to be delivered affordably, at scale, and with fewer infrastructure constraints than face-to-face instruction—it does not require a university to have hundreds of people in the same room at the same time. As universities move content online, staff usually turn to teaching via asynchronous videos and synchronous videoconferences (Cook et al., 2010). Videoconferences may be more conducive to student–teacher interactivity (Al-Samarraie, 2019; Bernard et al., 2009), but most studies in our review had the same level of active learning in the video and comparison condition, meaning teachers can maintain active learning while shifting to video. When they do, videos lead to better student learning than many other teaching methods, even when compared with face-to-face teaching. We suggest that these results are because videos may provide students with control over their level of cognitive load, they allow authentic demonstrations of skills, and they enable teaching staff to edit according to multimedia learning principles. Pragmatically, videos allow students to fit learning around their other commitments, and are less reliant than videoconferences on stable, high-speed internet connections (Al-Samarraie, 2019), because they can be buffered to the user’s device. Many of these findings are still contingent on students having access to online learning (Warschauer & Matuchniak, 2010), so ensuring students have social and technical support is a critical challenge for universities around the world. Provided those supports are available, universities can effectively switch to video for efficient and scalable education. Video appears to have a range of benefits in higher education settings.

Online Tools and Web Applications — from schrockguide.net by Kathy Schrock

Excerpt:

Web tools and online utilities have become more full-featured and useful over the years.

Here are some links to various online tools to help both teaching and learning. The online tools all work with laptops and Chromebooks unless stated otherwise. The ones that have Chrome apps available have a link to the Chrome Web Store link.

Categories include:

    • A.I. online tools
    • Online graphic design tools
    • Online video editors/creators/downloaders
    • Online audio recorders/editors
    • Online image editors/creators
    • Online collage makers
    • Online sketchnoting and drawing tools
    • Online word processors
    • Online animation creators
    • …and many more!

Three Things to Know about AI Tools and Teaching — from derekbruff.org by Derek Bruff

Excerpt:

There’s lot more to say on this subject, of course, but I hope these three observations are useful as you make sense of this new technology landscape. Here they are again for easy reference:

    • We are going to have to start teaching our students how AI generation tools work.
    • When used intentionally, AI tools can augment and enhance student learning, even towards traditional learning goals.
    • We will need to update our learning goals for students in light of new AI tools and that can be a good thing.

President Speaks: To put students first, colleges need to rethink the OPM model — from highereddive.com by  Paul Pastorek
Paul Pastorek, president of the University of Arizona Global Campus, explains why his institution cut ties with Zovio, a former online program manager.

Following our separation from Zovio, UAGC has not only undertaken efforts that shift the structure and responsibility for critical decisions around enrollment, marketing and student advising to a fully in-house team, it unlocked resources that will enable us to make investments that better align with our mission: providing adult learners with affordable college credentials that prepare them for careers in a rapidly evolving global economy.

Savings from increased efficiency and reduced costs will be reinvested in the student experience — and entirely at our discretion. No longer stifled by the contractual obligations of a company primarily motivated by profit, our faculty and staff are already expressing they have greater freedom to innovate and find new ways to enhance student success. We are all aligned under one common goal, working together to move the institution in the same direction.

Colleges’ expenses rose 5.2% in FY22, the biggest increase since 2001 — from highereddive.com by Laura Spitalniak

Dive Brief:

  • The cost of running a college jumped 5.2% in the 2022 fiscal year, according to data from Commonfund, an asset management firm that tracks inflation in the higher education sector.
  • That’s the highest rate of inflation the Higher Education Price Index, or HEPI, has tracked since 2001, when it hit 6%. It’s also a sharp increase from 2021, when the college inflation rate was 2.7%.
  • But the HEPI increase was outpaced by inflation more broadly in the U.S., a rare occurrence according to Commonfund. The Consumer Price Index, or CPI, reached 7.2% in fiscal 2022.

University of Wisconsin-Milwaukee to offer HR apprenticeships — from highereddive.com by Ginger Christ

“As demand for technology skills continues to grow across the region, UWM has a unique opportunity to solve two challenges at once: creating new pathways to high-wage jobs for our community, while also addressing a growing need for workers with those tech skills,” UWM Provost Scott Gronert said in a news release. “Together with Helios, we’re helping to address one of the most critical talent gaps faced by Wisconsin employers, and enabling our students and graduates to gain the skills that translate to success in today’s increasingly tech-driven labor market.”

Unusual majors help some colleges stand out from the crowd — and boost enrollment — from hechingerreport.org by Jon Marcus
A bachelor’s degree in automotive restoration has put a tiny Kansas school on the map

Excerpt:

That’s an unusual ambition for a small college — which is exactly the point. This particular small college has what it says is the country’s only four-year bachelor’s degree in automotive restoration, a major that combines engineering, history, business, communication, art and other disciplines.

It’s an example of the way a small regional higher education institution can stand out in a crowded field of competitors at a time when many other schools appear intent on trying to attract applicants by becoming more alike than different.

 

How AI And 5G Could Lead The Next Phase Of The Industrial Revolution — from swisscognitive.ch

Some use cases of the convergence of AI and 5G are:

  • Metaverse: AI is a key technology that helps bring Metaverse to life and now with the addition of 5G, streaming experiences would become enjoyable and maintaining connectivity without any disruption of external factors like geographical locations would be eliminated.
  • Digital assistants in the form of chatbots and virtual avatars: Digital assistants today use AI to replicate the human brain and converse with people in human language by understanding intent. With 5G the speed at which the speech is converted to text will improve drastically.
  • Education: AI and 5G are helping bring education to students’ doorstep through virtual reality and is making this available, efficiently as in real-world classrooms. Solving queries is possible quickly without any restrictions. Betty in Archie Comics attending her classes virtually is a reality due to these technologies.
  • Healthcare: AI and 5G in healthcare are proliferating an accurate diagnosis of diseases, real-time monitoring, and quick treatment facilities. This has become possible with the right use of data- collection, transmission, and analysis.
  • Automotive: AI and 5G together is making vehicles smarter and reducing the risk of mishaps on roads by employing various data-powered safety and driving efficiency measures in vehicles.

AI Timelines: What Do Experts in Artificial Intelligence Expect for the Future? — from singularityhub.com by Dr. Max Roser

Excerpt:

What I do take away from these surveys however, is that the majority of AI experts take the prospect of very powerful AI technology seriously. It is not the case that AI researchers dismiss extremely powerful AI as mere fantasy.

The huge majority thinks that in the coming decades there is an even chance that we will see AI technology which will have a transformative impact on our world. While some have long timelines, many think it is possible that we have very little time before these technologies arrive. Across the three surveys more than half think that there is a 50% chance that a human-level AI would be developed before some point in the 2060s, a time well within the lifetime of today’s young people.

Future Of Health: Top Five Digital Health Innovations For 2023 — from forbes.com by Anita Gupta

Excerpts:

  • Connected Digital Care
  • AI In Healthcare
  • Real-World Patient Engagement In Healthcare
  • Increase Security For Digital And Health Data
  • Improving Telehealth Services

Looking ahead to 2023: AI, machine learning, RTLS and robotic process automation — from healthcareitnews.com by Bill Siwicki
These advanced technologies will do more to help provider organizations with workflow optimization, staff shortages and the patient experience in the year ahead, one expert predicts.

Three reasons why NLP will go mainstream in healthcare in 2023 — from healthcareitnews.com by Bill Siwicki
A natural language processing expert explains why he feels the technology’s kinks have been ironed out, its ROI has been proven and the timing is right for healthcare to take advantage of information-extraction tools.

13 tech predictions for 2023 — from enterprisersproject.com by Katie Sanders
What can you expect in the world of IT next year? Business and IT leaders share their thoughts

Analysts Predictions About AI In 2023 — from forbes.com by Gil Press

Excerpts:

  • Automated software development
  • Automated content and commerce
  • Enterprise governance, risk, sustainability and security
  • Consumer interactions and experiences

Top 5 Edge AI Trends to Watch in 2023 — from nvidia.com by Amanda Saunders

Excerpt:

Until now, AI has operated almost exclusively in the cloud. But increasingly diverse streams of data are being generated around the clock from sensors at the edge. These require real-time inference, which is leading more AI deployments to move to edge computing.

For airports, stores, hospitals and more, AI brings advanced efficiency, automation and even cost reduction, which is why edge AI adoption accelerated last year.

In 2023, expect to see a similarly challenging environment, which will drive the following edge AI trends.

Digital transformation: 5 trends to watch in 2023 — from enterprisersproject.com by Ritish Reddy
As enterprises continue to digitally transform, IT leaders must look toward the future. Expect to see these trends in 2023

 

Stop the Presses | Journalism Employment and the Economic Value of 850 Journalism and Communication Programs — from cew.georgetown.edu

Summary

The number of journalism jobs has been declining for decades and will continue to fall over the next decade. Projected job losses for journalists are primarily due to newspaper downsizing and closures. Stop the Presses: Journalism Employment and the Economic Value of 850 Journalism and Communication Programs explores the transformation of the journalism profession and ranks journalism and communication programs at 850 institutions by their payoff for graduates in the labor market. The report finds that only about 15 percent of journalism majors become editors or news analysts, reporters, and correspondents early in their careers.

 
Imagine my delight when co-founder of Coursera Daphne Koehler came into my office in 2012 to explain the radical concept behind her new business. What if you could Partner with the World’s best universities and professors to provide FREE online courses? Like other successful FREEMIUM models, you monetize the platform downstream by creating massive network effects and convert a small percentage to paying customers (we had invested in other successful FREEMIUM models such as Facebook, Twitter, Spotify and Snap, so why wouldn’t that work here?)

Today, over 113 million learners from around the world access the platform to gain knowledge, to earn certificates and get diplomas from the top universities.

The Coursera ride has been amazing for most of the past decade, with over 100 million students, 200 universities and 5000 courses on the platform. And while the vast majority of the students on Coursera don’t pay a dime, the company has built a business with over $500 million in revenue and nearly a $2 billion market cap today.

Estimates are for the company to do $520 million in revenue in 2022, up from $415 million in 2021 and estimated $623 million in 2023. Coursera is losing money currently but has $424 million in cash and could turn profitable if it prioritized that and sells at 1.3x 2023 sales.

 

Female scientists challenge stereotypes | Not the Science Type — from 3M.com
Female scientists challenge stereotypes and blaze paths for future generations in this 3M-produced docuseries

Excerpt:

STEM education has an access issue: let’s change that.

Around the world, people believe the we need more people in STEM careers. Eighty-seven percent of people believe we need to do more to encourage and retain girls in STEM education. At the same time, barriers remain – 73% of people believe underrepresented minorities often lack equal access STEM education.

Not The Science Type gets to the heart of access and gender inequity in STEM education and STEM fields. This four-part docuseries features four female scientists who are challenging stereotypes and confronting gender, racial and age discrimination as they rise to prominence.

Not The Science Type highlights four brilliant minds, showcasing women who break down boundaries within their fields – biology, engineering and science and technology-based applications.
.

Female scientists challenge stereotypes and blaze paths for future generations in this 3M-produced docuseries.

While each woman has taken a different path to pursue scientific excellence, they are bound by the common experience of feeling excluded, or “not the type” in traditionally homogenous fields.

 

How Skills Are Disrupting Work: The Transformational Power of Fast-Growing, In-Demand Skills — from burningglassinstitute.org by Nik Dawson, Alexandra Martin, Matt Sigelman, Gad Levanon, Stephanie Blochinger, Jennifer Thornton, and Janet Chen
A “State of Skills” Report from the Burning Glass Institute, the Business-Higher Education Forum, and Wiley

On average, 37% of the top 20 skills requested for the average U.S. job have changed since 2016.

Excerpt:
By analyzing hundreds of millions of recent U.S. job postings, the Burning Glass Institute and the Business–Higher Education Forum (BHEF) identified four of the fastest-growing, highest-demand emerging skill sets:

  • Artificial Intelligence/Machine Learning
  • Cloud Computing
  • Product Management
  • Social Media

These four skill sets serve as a laboratory for understanding what business and education leaders can do to prepare workers and students for skills disruption. To illustrate how programs can help learners and workers acquire essential skills, this report includes profiles of recent innovations from the BHEF network.

The future belongs to those who seek to understand, anticipate, and harness the power of emerging skills, rather than maintain a posture of reaction/response.

The prospect of helping all those who are challenged by skill disruption hinges on the readiness of business and higher education to engage in understanding and planning for skill disruption over the long term.

From DSC:
“On average, 37% of the top 20 skills requested for the average U.S. job have changed since 2016.” That’s what I’m talking about when I talk about the exponential pace of change. It’s hard to deal with. Our institutions of education are not used to this pace of change. Our legal system isn’t used to this pace of change. And there are other industries struggling to keep up.

Should the pace of change be an element of our design when we think about using Design Thinking to create a new lifelong learning ecosystem?

 

ChatGPT, Chatbots and Artificial Intelligence in Education — from ditchthattextbook.com by Matt Miller
AI just stormed into the classroom with the emergence of ChatGPT. How do we teach now that it exists? How can we use it? Here are some ideas.

Excerpt:
Now, we’re wondering …

  • What is ChatGPT? And, more broadly, what are chatbots and AI?
  • How is this going to impact education?
  • How can I teach tomorrow knowing that this exists?
  • Can I use this as a tool for teaching and learning?
  • Should we block it through the school internet filter — or try to ban it?

Also relevant/see:

We gave ChatGPT a college-level microbiology quiz. It blew the quiz away. — from bigthink.com by Dr. Alex Berezow
ChatGPT’s capabilities are astonishing.

Key takeaways:

  • The tech world is abuzz over ChatGPT, a chat bot that is said to be the most advanced ever made.
  • It can create poems, songs, and even computer code. It convincingly constructed a passage of text on how to remove a peanut butter sandwich from a VCR, in the voice of the King James Bible.
  • As a PhD microbiologist, I devised a 10-question quiz that would be appropriate as a final exam for college-level microbiology students. ChatGPT blew it away.

ChatGPT Is Dumber Than You Think — from theatlantic.com by Ian Bogost
Treat it like a toy, not a tool.

Excerpt:

On the one hand, yes, ChatGPT is capable of producing prose that looks convincing. But on the other hand, what it means to be convincing depends on context. The kind of prose you might find engaging and even startling in the context of a generative encounter with an AI suddenly seems just terrible in the context of a professional essay published in a magazine such as The Atlantic. And, as Warner’s comments clarify, the writing you might find persuasive as a teacher (or marketing manager or lawyer or journalist or whatever else) might have been so by virtue of position rather than meaning: The essay was extant and competent; the report was in your inbox on time; the newspaper article communicated apparent facts that you were able to accept or reject.

I Would Have Cheated in College Using ChatGPT — from eliterate.us by Michael Feldstein

Excerpt:

These lines of demarcation—the lines between when a tool can do all of a job, some of it, or none of it—are both constantly moving and critical to watch. Because they define knowledge work and point to the future of work. We need to be teaching people how to do the kinds of knowledge work that computers can’t do well and are not likely to be able to do well in the near future. Much has been written about the economic implications to the AI revolution, some of which are problematic for the employment market. But we can put too much emphasis on that part. Learning about artificial intelligence can be a means for exploring, appreciating, and refining natural intelligence. These tools are fun. I learn from using them. Those two statements are connected.

Google to Rival OpenAI’s ChatGPT? New AI Bot for Chats in 2023, CEO Claims to Use it for Search — from techtimes.com by Isaiah Richard
Google to expand its Search engine with AI for 2023, but not in a creepy way.

Excerpt:

Google is planning to create a new AI feature for its Search engine, one that would rival the recently released and controversial ChatGPT from OpenAI. The company revealed this after a recent Google executive meeting that involved the likes of its CEO Sundar Pichai and AI head, Jeff Dean, that talked about the technology that the internet company already has, soon for development.

Employees from the Mountain View giant were concerned that it was behind the current AI trends to the likes of OpenAI despite already having a similar technology laying around.


And more focused on the business/vocational/corporate training worlds:

Sana raises $34M for its AI-based knowledge management and learning platform for workplaces — from techcrunch.com by Ingrid Lunden

There are a lot of knowledge management, enterprise learning and enterprise search products on the market today, but what Sana believes it has struck on uniquely is a platform that combines all three to work together: a knowledge management-meets-enterprise-search-meets-e-learning platform.

Exclusive: ChatGPT owner OpenAI projects $1 billion in revenue by 2024 — from reuters.com by Jeffrey Dastin, Krystal Hu, and Paresh Dave

Excerpt:

Three sources briefed on OpenAI’s recent pitch to investors said the organization expects $200 million in revenue next year and $1 billion by 2024.

The forecast, first reported by Reuters, represents how some in Silicon Valley are betting the underlying technology will go far beyond splashy and sometimes flawed public demos.

“We’re going to see advances in 2023 that people two years ago would have expected in 2033. It’s going to be extremely important not just for Microsoft’s future, but for everyone’s future,” he said in an interview this week.


Addendum on 12/21/22:

ChatGPT and higher education: last week and this week — from bryanalexander.org by Bryan Alexander

 

14 charts this year that helped us better understand COVID’s impact on students, teachers, & schools — from the 74million.org by  Kevin Mahnken

Excerpt:

By the end of last year, a steady trickle of research had already begun to reveal the harm wrought by prolonged school closures and the transition to virtual instruction. But this fall brought the most definitive evidence yet of the scale of learning lost over more than two years of COVID-disrupted schooling: fresh testing data from the National Assessment of Educational Progress, sometimes called the Nation’s Report Card, pointing to severe declines in core subjects.

From DSC:
While not minimizing the impact of the “learning loss” that is often written about, I do wonder if maybe the types of learning going on during the pandemic weren’t captured on a standardized test. Maybe the types of learning that our youth and families learned about help set them up for our present VOCA (Volatility, Uncertainty, Complexity and Ambiguity) world. And for a future where change doesn’t seem to be slowing down anytime soon.

Some of the types of learning that might not show up on the standardized tests include:

  • Dealing with life’s challenges and tumultuous changes
  • Being flexible
  • Adapting
  • The importance of having sufficient Internet connections and the corresponding hardware and software to keep on learning remotely
  • Where or to whom does one go to for help?

Also, as has been said elsewhere, bashing online learning or virtual instruction is often unfair. The remote learning that teachers and faculty members were thrust into lacked appropriate instructional design. Many teachers and faculty members hadn’t yet been trained on how to put together solid online-based courses and/or to use the tools that are required to offer such courses. Also, many in society didn’t have Internet access (or insufficient access), a quiet place to study and/or participate in online-based learning.

 

“Tech predictions for 2023 and beyond” — from allthingsdistributed.com by Werner Vogels, Chief Technology Officer at Amazon

Excerpts:

  • Prediction 1: Cloud technologies will redefine sports as we know them
  • Prediction 2: Simulated worlds will reinvent the way we experiment
  • Prediction 3: A surge of innovation in smart energy
  • Prediction 4: The upcoming supply chain transformation
  • Prediction 5: Custom silicon goes mainstream
 

Edtech’s brightest are struggling to pass — from techcrunch.com by Natasha Mascarenhas

Excerpts:

In the last quarter of 2022, edtech layoffs have hit venture-backed businesses including but not limited to BloomTech, Vedantu, Teachmint, Reforge, Coursera, Unacademy, Byju’s, Udacity and Brainly. Executive shifts include Quizlet CEO stepping down, Degreed’s CEO stepping aside for the founder’s return, and Invact Metaversity’s co-founder leaving after irreconcilable differences with his co-founder.

Class, an edtech company that neared unicorn status only 10 months after launching its Zoom School alternative, also conducted layoffs this year. The company raised a total of $146 million in known venture funding to date, including a SoftBank Vision Fund II check. CEO and founder Michael Chasen did not respond to a request for comment

The e-mail sent to staff was even more direct. “The truth is the layoffs in our sector are widespread for a reason,” Amir Nathoo, the co-founder of edtech unicorn Outschool, wrote in an email sent to staff. “The funding atmosphere has been dramatically impacted by the anticipation of a recession, higher interest rates and an increased need to show [return on investment] to investors.”

Addendum on 12/15/22 — and focuses on India:

  • Will Edtech See a Paradigm Shift In 2023? — from entrepreneur.com by S. Shanthi
    Higher education, phygital models, vernacular learning, re-skilling, up-skilling are some of the trends that are expected to stay attractive
 
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