changing business models

The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski [ABA Innovation Network]

On 07/18/2021, in 21st century, 24x7x365 access, analytics, Artificial Intelligence/Agents/LLMs/and Related, Blockchain, business, change, changing business models, economics, emerging technologies, game-changing environment, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, by Daniel Christian

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

Today we will discuss blockchain, cryptocurrencies, and NFTs and their impact on the legal industry. Joining us is an expert in all things blockchain and crypto, Joseph Raczynski. Joseph Raczynski is a Technologist & Futurist with Thomson Reuters.

Also see:

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

Excerpt:

Attorneys look to precedent to solve today’s legal problems. “Steeped in tradition” is how we often describe the legal profession. As result, it’s no surprise that there is inherent tension between emerging technology and the legal profession. The American Bar Association’s 2020 TechReport, which surveys firms and tracks attorney use of technology in their practices, reported that only 7% of attorneys are using tech tools, such as Artificial Intelligence (AI), for document review and research. Firms with more than 100 attorneys are more likely to use AI, as well as firms that engage in mass tort litigation. Despite promises of increased efficiency, productivity, and profitability, a significant number of attorneys cite distrust of the technology and underlying algorithms.

Even though the legal services market is estimated to be a $1T industry globally, Forbes reports that it is also one of the least digitized…

OPM + MOOC = OPX. 244 University Partnerships in the first half of 2021 [HolonIQ]

On 07/18/2021, in Alternatives, Canvas - and other Instructure-related items, change, changing business models, cloud-based computing / apps / other cloud-related, CMS/LMS, future, future of higher education, game-changing environment, higher education, Microsoft, MOOCs -- Massive Open Online Courses, online learning, universities, vendors, by Daniel Christian

OPM + MOOC = OPX. 244 University Partnerships in the first half of 2021 — from HolonIQ

OPX has well and truly arrived. 2U’s acquisition of EdX. Coursera’s IPO. SEEK’s 50% stake in FutureLearn and their ownership of OES. UpGrad’s rumored $4B valuation. Shorelight Live. Minerva’s OPM pivot. The list goes on, and meanwhile 244 University Partnerships were forged in the first half 2021.

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

The rise of “third workplaces” [Pandey]

On 06/28/2021, in career development, change, changing business models, corporate / business world, corporate universities / corporate training, culture, future, game-changing environment, generational differences, society, technologies for your home, trends, United States, workplace, by Daniel Christian

The rise of “third workplaces” — from axios.com by Erica Pandey

Excerpt:

The big picture: As the world begins to move past the pandemic but holds onto remote work, we’re seeing the rise of “third workplaces” — teleworking spots in cafes, hotels or co-working spaces.

Some great resources re: “The 60-Year Curriculum”

On 06/28/2021, in 21st century, 24x7x365 access, active learning, adult learning, Alternatives, business side of he, career development, change, changing business models, colleges, community colleges, corporate / business world, corporate universities / corporate training, experimentation, future of higher education, game-changing environment, generational differences, higher education, ideas, K-12 related, law schools, learning, learning ecosystem, Learning from the Living [Class] Room, learning preferences, liberal arts, lifelong learning, love of learning, marketplaces, online learning, organizational change, pace of change, reinvent, society, staying relevant, student-related, surviving, teaching & learning, traditional / tradition, training / L&D, trends, United States, universities, vendors, vocational / trades, workplace, by Daniel Christian

A LIFETIME OF LEARNING — from continuum.uw.edu

Excerpts:

The 60-year curriculum is the modern approach to a lifetime of learning. Getting a degree, getting a job and never setting foot in a classroom again are not today’s reality.

A discussion paper from the McKinsey Global Institute predicts that in the next 10 to 15 years, the need for new tech skills will accelerate. We will also need people who will develop, innovate and adapt those technologies. The paper asserts that, right now, 80% of the workforce doesn’t have the skills for most of the jobs that will be available in the next five to 10 years.

From DSC:
It would be good to integrate more vocational types of pathways/items in here as well.

Nvidia’s AI LaunchPad: A comprehensive AI platform in the cloud

On 06/23/2021, in 21st century, 24x7x365 access, Artificial Intelligence/Agents/LLMs/and Related, business, changing business models, cloud-based computing / apps / other cloud-related, computer science, corporate / business world, emerging technologies, innovation, IT in HE, tools, vendors, by Daniel Christian

Nvidia builds AI LaunchPad in the cloud with Equinix — from fierceelectronics.com by Dan O’Shea

Excerpt:

If we fail to evolve to a point where almost everyone in the world relies on AI in some fashion, it won’t be for Nvidia’s lack of commitment to that vision. The company continues to hammer away at the notion of democratizing AI so that a broader array of businesses can leverage the technology.

Its newest offering, announced today, is a comprehensive AI platform made available for easy consumption through hybrid cloud providers. This platform, AI LaunchPad, initially will be available through Nvidia cloud partner Equinix. Nvidia explained that as AI proliferates through enterprises and their applications, companies will need to access application resources that might be distributed across public and private clouds. AI LaunchPad via Platform Equinix will allow them to access those resources in minutes for an hourly fee and deploy them to distributed locations…

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.

The Short-term Credentials Landscape — from newamerica.org by Monique O. Ositelu, PhD, Clare McCann, and Amy Laitinen
What We See and What Remains Unseen

Abstract

Given the rapid growth in short-term programs, and policymakers’ fast-growing interest to invest federal higher education dollars into very-short-term credentials, we explore what the research does—and does not— show us about such credentials’ utility in the labor market. With concerns about equity, our review of the literature guides us towards caution, as a strong push for short-term certificates may run the risk of reifying socioeconomic stratification.

From DSC:
I wonder…will accreditation move towards the use of crowd-sourced methods? Similar to rating one’s driver or one’s experience with a product, will microcredentials get into more reviews and recommendations from the users of various learning/training-related sites and services?

Will users of a service comment on whether the credential helped them (with a salary increase, with practical knowledge, with an expanded scope of projects at work, etc.)?

Nalukai Academy: Harvesting Hawai’i’s Next Generation of Leaders — from gettingsmart.com by Ashley Ranan

Excerpt:

Nalukai’s program curriculum includes 5 areas of interest:

Digital storytelling – branding & marketing, content creation, web design
Leadership – project management, collaboration, team dynamics
Entrepreneurship – networking, investor pitches, business plan development
Design thinking – prototyping, mind-mapping, iteration
Technology – coding, web development, digital business tools

Also see:

President Speaks: 5 higher education trends the pandemic is accelerating [Weinberg]

On 05/28/2021, in business side of he, change, changing business models, CMS/LMS, colleges, community colleges, cost of getting a degree, education technology, future of higher education, game-changing environment, higher education, more voice more choice more control, teaching & learning, trends, United States, universities, vocational / trades, by Daniel Christian

President Speaks: 5 higher education trends the pandemic is accelerating — from highereddive.com by Adam Weinberg
Technology, student choice and career prep will factor more heavily into colleges’ decision-making going forward, one president explains.

Excerpt:

Over the last several weeks, it has become clearer what the post-COVID-19 higher education landscape will look like. The trends that will shape the sector’s future are not new. But the pandemic has accelerated them.

Trends are like water. As they run faster, they cut deeper and in unexpected ways. Here are five that COVID-19 has given momentum to.

With New Online Marketplace, Community Colleges Hope to Better Compete With For-Profits [Peeti]

On 05/26/2021, in 21st century, 24x7x365 access, business side of he, change, changing business models, community colleges, higher education, lifelong learning, marketplaces, vision/possibilities, vocational / trades, by Daniel Christian

With New Online Marketplace, Community Colleges Hope to Better Compete With For-Profits — from edsurge.com by Yashvi Peeti

Excerpt:

Community colleges are staking a claim in the territory of online course marketplaces.

They’re about a decade behind their university counterparts, who helped to found edX in 2012, the same year that startup Coursera launched its competing service, now worth millions.

But leaders of a new platform called Unmudl say the time is right for community colleges to collaborate and make their workforce-training programs available more widely by marketing them through a shared website.

It’s a vision quite different from the traditional mission of community colleges to serve their communities—the literal, physical ones that surround their campuses.

Also see:

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

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

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

The rise of “third workplaces” [Pandey]

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

The Short-term Credentials Landscape [Ositelu, McCann, & Laitinen]

President Speaks: 5 higher education trends the pandemic is accelerating [Weinberg]

With New Online Marketplace, Community Colleges Hope to Better Compete With For-Profits [Peeti]

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

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