changing business models

14th Annual Edition | 2021 Tech Trends Report — from the Future Today Institute

Our 2021 Tech Trends Report is designed to help you confront deep uncertainty, adapt and thrive. For this year’s edition, the magnitude of new signals required us to create 12 separate volumes, and each report focuses on a cluster of related trends. In total, we’ve analyzed nearly 500 technology and science trends across multiple industry sectors. In each volume, we discuss the disruptive forces, opportunities and strategies that will drive your organization in the near future.

Now, more than ever, your organization should examine the potential near and long-term impact of tech trends. You must factor the trends in this report into your strategic thinking for the coming year, and adjust your planning, operations and business models accordingly. But we hope you will make time for creative exploration. From chaos, a new world will come.

Some example items noted in this report:

Natural language processing is an area experiencing high interest, investment, and growth.
+ No-code or low-code systems are unlocking new use cases for businesses.
Amazon Web Services, Azure, and Google Cloud’s low-code and no-code offerings will trickle down to everyday people, allowing them to create their own artificial intelligence applications and deploy them as easily as they could a website.
The race is on to capture AI cloudshare—and to become the most trusted provider of AI on remote servers.
COVID-19 accelerated the use of AI in drug discovery last year. The first trial of an AI-discovered drug is underway in Japan.

Coursera’s IPO Filing Shows Growing Revenue and Loss During a Pandemic — from edsurge.com by Tony Wan

Excerpt:

Coursera reported $293.5 million in revenue in 2020, marking a 59 percent increase from the previous year. That comes from over 77 million registered learners, along with more than 2,000 businesses (including 25 percent of Fortune 500 companies) and 100 government agencies that paid for its enterprise offerings. More than half (51 percent) of its revenue came from outside the U.S.
…
Despite recording a revenue jump in 2020, Coursera posted a net loss of $66.8 million, up 43 percent from the previous year.

“We have experienced a significant increase in our operating costs associated with our services, primarily driven by our freemium offerings and marketing efforts” during the pandemic, the filing stated.

New Opportunities in 2021: Improved Academic Mobility, Flexible Degree Attainment and Skills Verification — from campustechnology.com by Stan Novak
The pandemic has accelerated trends in alternative credentials that will be essential to student success in an evolving higher education landscape.

Excerpt:

Interoperable learning records (ILRs) are being studied as an achievable way to communicate skills between workers, employers, and education and training institutions with the goal of creating a single profile that represents all of an individual’s abilities. The value of an ILR is that it would allow efficient and consistent comparison of a person’s capabilities to fulfill specific job requirements.

These opportunities represent only a slice of what lies ahead for higher education as the world emerges from the pandemic. The dramatic shift in the learning landscape highlights the ways that higher education must adapt to make degree attainment more flexible, achievable and relevant for the future workforce.

From DSC:
I’ve often thought there could be real benefits in cloud-based learner profiles — which could store our learning preferences, our past learning experiences, certificates, programs, courses, etc.

The future of work after COVID-19 [McKinsey & Co.]

On 03/06/2021, in analytics, Artificial Intelligence/Agents/LLMs/and Related, Asia, bots, career development, change, changing business models, computer science, data related items, engineering, entrepreneurship, Europe, future, health, India, leadership, lifelong learning, programming, society, strategy, UK, United States, workplace, by Daniel Christian

The future of work after COVID-19 — from mckinsey.com

Excerpts:

This report on the future of work after COVID-19 is the first of three MGI reports that examine aspects of the postpandemic economy. The others look at the pandemic’s long-term influence on consumption and the potential for a broad recovery led by enhanced productivity and innovation. Here, we assess the lasting impact of the pandemic on labor demand, the mix of occupations, and the workforce skills required in eight countries with diverse economic and labor market models: China, France, Germany, India, Japan, Spain, the United Kingdom, and the United States. Together, these eight countries account for almost half the global population and 62 percent of GDP.

DSC: For those who say MOOCs haven’t done anything…

On 03/05/2021, in Alternatives, business side of he, career development, change, changing business models, collaboration, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, learning, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, online learning, training / L&D, workplace, by Daniel Christian

DC: For those who say MOOCs haven't done anything…hmmm…(and these are just NEW registered users).#MOOC #alternatives #highereducation #future #learningecosystem #learningexperiencedesign #learningfromthelivingclassroom https://t.co/Acsa55KmVf pic.twitter.com/3hYXSC4qnK

— Daniel Christian (he/him/his) (@dchristian5) March 5, 2021

DC: This is what we’re up against –> “Reskilling 1 billion people by 2030” [Anderson]

On 03/02/2021, in 21st century, 24x7x365 access, Africa, Asia, Australia, Canada, career development, change, changing business models, collaboration, colleges, community colleges, corporate / business world, corporate universities / corporate training, cost of getting a degree, credentialing, culture, dangers of the status quo, Daniel S. Christian, digital learning, distance education, education, education reform, education technology, engagement / engaging students, Europe, experimentation, future, future of higher education, game-changing environment, generational differences, global / globalization, higher education, homeschooling/homeschoolers, ideas, India, innovation, leadership, learning, learning ecosystem, Learning from the Living [Class] Room, legislatures / government / legal, lifelong learning, more voice more choice more control, new business models, online learning, organizational change, pace of change, personalized/customized learning, platforms, reinvent, social learning / networks, society, staying relevant, streams of content, surviving, training / L&D, trends, UK, United States, universities, vision/possibilities, web-based collaboration, by Daniel Christian

From DSC:
This is what we’re up against –> Reskilling 1 billion people by 2030” — from saffroninteractive.com by Jessica Anderson

Excerpts:

According to the World Economic Forum, this statistic is a critical economic imperative.

Does this shock or scare you? Perhaps you’re completely unflappable? Whatever your reaction, this situation will undoubtedly impact your organisation and the way you tackle skills development.
…
What are the roadblocks?

So, we’ve laid down the gauntlet; an adaptable, agile, multi-skilled workforce. What stands in the way of achieving this? A recent survey of the top 5 challenges facing learning leaders sheds some light:

1. Building a learning culture
2. Learning in the flow of work
3. Digital transformation
4. Learner engagement and ownership
5. Keeping informed of best practices

From DSC:
The article mentions that nations could lose billions in potential GDP growth. And while that is likely very true, I think a far bigger concern is the very peace and fabric of our societies — the way of living that billions of people will either enjoy or have to endure. Civil unrest, increased inequality, warfare, mass incarcerations, etc. are huge concerns.

The need for a next-gen learning platform is now! The time for innovation and real change is now. It can’t come too soon. The private and public sectors need to collaborate to create “an Internet for learning” (in the sense that everyone can contribute items to the platform and that the platform is standards based). Governments, corporations, individuals, etc. need to come together. We’re all in the same boat here. It benefits everyone to come together.

Public Viewpoint: COVID-19 Work and Education Research — from cci.stradaeducation.org

Excerpt:

In the recovering economy, employers will play a central role as Americans look to reskill, upskill, and compete in the workforce. But what do people want and expect from employers’ hiring, advancement, and training practices? In this research we explore the public’s perceptions on skills-based hiring, preferences for employer-provided education and training benefits, and beliefs about who should fund education and training.

This week’s data are based on the Strada Student Viewpoint and Strada-Gallup Education Consumer surveys. The research is intended to provide insights to the education and training providers, policymakers, employers, and individual Americans who are navigating the COVID-19 crisis.

Time for Reinvention, Not Just Replication or Revision — from insidehighered.com by Ray Schroeder
With enrollments falling, college budgets under strain and employers dissatisfied with the relevance of graduates’ learning, now is a time for more than replication or revision — it is time for reinvention.

Excerpt:

We are at the confluence of massive economic, technologic and social changes that demand higher education do more than small fixes. We will not thrive if we merely tweak the system to replicate practices of the lecture hall in an online delivery system. This is not an empty warning — universities across the country are closing programs, laying off staff and faculty, and teetering on the brink of bankruptcy. I have personally been tracking these economic disadvantages for some time now.

Here are the key factors we must consider…(see rest of article)

Our centuries-old model of admitting 18-year-old high school graduates for a four-, five- or six-year baccalaureate, then sending them out for lifelong careers in business and industry is no longer relevant.

Legaltech Careers Guide: Roles, organisations & routes into legaltech jobs [lawtomated.com]

On 02/17/2021, in career development, change, changing business models, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, new business models, workplace, by Daniel Christian

Legaltech Careers Guide: roles, organisations and routes into legaltech jobs — from lawtomated.com

Excerpt:

This guide includes our most frequent FAQs and advice based on our experiences and those of others working in legaltech, legal ops, and innovation who made the jump from a traditional lawyer role into this space, or who entered the space from outside of legal.

Learning from the Living [Class] Room: Adobe — via Behance — is already doing several pieces of this vision.

On 02/15/2021, in 21st century, 24x7x365 access, A/V -- audio/visual, active learning, Africa, animation, Asia, Australia, Bring your own device (BYOD), Canada, changing business models, cloud-based computing / apps / other cloud-related, collaboration, colleges, communications, communities of practice, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, creativity, dangers of the status quo, Daniel S. Christian, design, digital audio, digital learning, digital photography, education, education technology, engagement / engaging students, Europe, experimentation, future, game-changing environment, global / globalization, higher education, human-computer interaction (HCI), ideas, India, informal learning, innovation, instructional design, interaction design, interactivity, interface design, IT in HE, K-12 related, languages and translation, learner profiles, learning, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, liberal arts, lifelong learning, love of learning, maker movement, marketplaces, media/film, microlearning, more voice more choice more control, multimedia, new business models, new media literacies, online learning, online media, passions, photography, platforms, productivity / tips and tricks, professional development, reinvent, remote teaching and learning, second screen apps, simulations, social learning / networks, social media, STEAM-related, streams of content, tablets, teaching & learning, teaching online, technologies for your home, tools, training / L&D, transmedia, TVs, UK, United States, universities, user experience (UX), user interface design, vendors, vision/possibilities, visualizing information, web-based collaboration, by Daniel Christian

From DSC:
Talk about streams of content! Whew!

I received an email from Adobe that was entitled, “This week on Adobe Live: Graphic Design.” (I subscribe to their Adobe Creative Cloud.) Inside the email, I saw and clicked on the following:

Below are some of the screenshots I took of this incredible service! Wow!

From DSC:
So Abobe — via Behance — is already doing several pieces of the “Learning from the Living [Class] Room” vision. I knew of Behance…but I didn’t realize the magnitude of what they’ve been working on and what they’re currently delivering. Very sharp indeed!

Churches are doing this as well — one device has the presenter/preacher on it (such as a larger “TV”), while a second device is used to communicate with each other in real-time.

What will the hospital of the future look like in a post COVID-19 world? — from protocol.com by Jeroen Tas and Sean Carney

Excerpt (emphasis DSC):

One thing we have realized is that COVID-19 has accelerated three transformational trends that already existed before the pandemic, but are now dramatically reshaping healthcare: the concept of a networked healthcare system, the increasing adoption of telehealth, and the idea of virtual care and guidance. At the same time, we have seen consumers becoming much more engaged in their personal health and that of their families.

From DSC:
Next up…telelegal; and, possibly, more virtual courtrooms.

Also see:

How can screen sharing be used in healthcare? — from blog.webex.com
Excerpts: Virtual consultations | Training and education sessions | RPM and other remote treatments | Annotations
How therapists respond to telehealth — from adigaskell.org

More colleges are partnering with boot camps to tap demand for short-term programs [Schwartz]

On 02/04/2021, in Alternatives, business side of he, Canada, change, changing business models, collaboration, colleges, community colleges, higher education, ideas, IT in HE, programming, UK, United States, universities, vendors, web-based collaboration, by Daniel Christian

More colleges are partnering with boot camps to tap demand for short-term programs — from by Natalie Schwartz
Institutions are lending their credibility to outside education providers as they seek help keeping pace with fast-changing technical fields.

Excerpt:

Coding boot camps have long been viewed as the antithesis of traditional higher education. They focus more heavily on technical training. Their programs usually last weeks instead of years. And they are mostly free from the heavy regulation that pervades the rest of the sector.

But recently, more of them have been joining forces with colleges and universities. This month, for instance, Flatiron School announced it is working with the University of Cambridge, in the U.K., to launch a 10-week data science program through the college’s continuing education department.

It’s one of several coding schools looking to collaborate more with colleges. Course Report, a coding boot camp review site, added 138 schools last year to its directory, said Liz Eggleston, its co-founder and editor. Around one-third were offered through universities.

AI and the Future of Lawyering & Law Firms – Northwestern Law and Technology Initiative — from youtube.com by Northwestern Law & Technology Initiative as moderated by Dan Linna; with thanks to Gabe Teninbaum for this resource.

Artificial Intelligence is transforming the future of work. AI has the potential to automate and augment many tasks. This transformation is leading to the creation of new roles and jobs to be done. How will AI impact the work of lawyers, legal professionals, and law firms? Our panelists will discuss the future of work, the work of lawyers and structure of law firms, and current uses of AI for legal services today.

Speakers:

Hyejin Youn, Assistant Professor of Management & Organizations, Kellogg School of Management, Northwestern University
Mari Sako, Professor of Management Studies, Saïd Business School, University of Oxford
Stephen Poor, Partner and chair emeritus, Seyfarth

Moderator:

Daniel W. Linna Jr., Senior Lecturer & Director of Law and Technology Initiatives, Northwestern Pritzker School of Law & McCormick School of Engineering

What 2021 Means for Learning — from GettingSmart.com

What 2021 Means for Learning from Getting Smart on Vimeo.

Last week we hosted a live conversation to talk about what 2021 has in store for learning, a new set of shared priorities including mutuality and agency and emerging trends and topics that we are excited to explore this year.

8 Higher Education IT Trends to Watch in 2021 [Stone]

On 02/01/2021, in 21st century, 24x7x365 access, A/V -- audio/visual, active learning, Artificial Intelligence/Agents/LLMs/and Related, blended learning, Bring your own device (BYOD), Canvas - and other Instructure-related items, change, changing business models, cloud-based computing / apps / other cloud-related, CMS/LMS, collaboration, colleges, communications, communities of practice, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, credentialing, Daniel S. Christian, digital learning, digital video, distance education, education technology, emerging technologies, engagement / engaging students, higher education, human-computer interaction (HCI), hybrid learning, ideas, innovation, instructional design, intelligent systems, intelligent tutoring, IT in HE, law schools, learning, learning agents, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, learning spaces, more voice more choice more control, remote teaching and learning, smart classrooms, social learning / networks, society, student-related, teachers, teaching & learning, teaching online, technologies for your home, tools, training / L&D, trends, TVs, universities, user experience (UX), vendors, videoconferencing, vision/possibilities, web-based collaboration, by Daniel Christian

8 Higher Education IT Trends to Watch in 2021 — from edtechmagazine.com by Adam Stone
Keep your eye on these trends as higher education prepares for a post-pandemic future.

Excerpt:

1. Get Used to More Advanced Learning Management Systems
At Virginia Tech, the Canvas learning management system (LMS) was critical for coordinating synchronous and asynchronous learning. Such systems will only become more sophisticated moving forward, says Randy Marchany, the university’s IT security officer. “With COVID, instructors have become more video savvy,” he says. “We’re all getting smarter about how we use these tools.”

2. A Rise in Sophisticated Videoconferencing Platforms
Even after the pandemic, educators might continue lecturing over Zoom and other videoconferencing platforms. However, they’ll be doing it in more sophisticated ways. “People will be making these experiences more collaborative, more authentic — with much richer interactions and conversations,” Grajek says. “We are all becoming more experienced consumers, and we will see a lot of innovation in this area.”

From DSC:
Yet another step closer…

Learning Ecosystems

Coursera’s IPO Filing Shows Growing Revenue and Loss During a Pandemic [Wan]

New Opportunities in 2021: Improved Academic Mobility, Flexible Degree Attainment and Skills Verification [Novak]

DSC: For those who say MOOCs haven’t done anything…

Time for Reinvention, Not Just Replication or Revision [Schroeder]

Legaltech Careers Guide: Roles, organisations & routes into legaltech jobs [lawtomated.com]

What will the hospital of the future look like in a post COVID-19 world? [Tas & Carney]

More colleges are partnering with boot camps to tap demand for short-term programs [Schwartz]

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