Edtech Unicorns Are Evolving Rather Than Disrupting — from bloomberg.com by Alex Webb

Consider Coursera Inc., the most prominent survivor of that early edtech hype. It’s now a public company, with a hefty $2.3 billion valuation. Finally, 12 years after it was founded — by, incidentally, another Google veteran in Andrew Ng — it’s set to report its first profit this year, according to analyst estimates. And the enterprise business is considerably more profitable, enjoying a 68% gross margin in 2023, compared to the consumer business’s 53% margin.

Figuring out the right match between training and utility is how several business schools seem to have developed successful online courses — which they are charging top dollar for. They’re in close contact with the sort of large corporations who hire their graduates, giving them a more intimate understanding of what those businesses seek.

Harvard Business School is one example. It made $74 million from online courses in fiscal 2022, the most recent year for which data is available

 

Accenture to acquire Udacity to build a learning platform focused on AI — from techcrunch.com by Ron Miller

Excerpt: (emphasis DSC):

Accenture announced today that it would acquire the learning platform Udacity as part of an effort to build a learning platform focused on the growing interest in AI. While the company didn’t specify how much it paid for Udacity, it also announced a $1 billion investment in building a technology learning platform it’s calling LearnVantage.

“The rise of generative AI represents one of the most transformative changes in how work gets done and is driving a growing need for enterprises to train and upskill people in cloud, data and AI as they build their digital core and reinvent their enterprises,” Kishore Durg, global lead of Accenture LearnVantage said in a statement.

.


.

 

Unpacking 3 major trends in ed tech and for-profit education — from highereddive.com by Natalie Schwartz
CEOs of major companies recently told investors how they fared in their most recent financial quarters, offering insight into the broader higher ed sector.

Education companies double down on degree programs

These programs allow Coursera users to count open courses they complete on the platform toward credit for degree programs. Students can also be admitted to degree programs based on their performance in these courses,Maggioncalda said.

Coursera recently announced it had built several of these pathways to master’s degrees offered by Illinois Tech. Coursera users can now complete professional certificates offered on the website — including from Google, IBM and Meta — as credit toward these programs.


Report Finds Students Struggling with Being Prepared for Courses and Increasingly Turning to Generative AI, Social Media to Study — from campustechnology.com by Kate Lucariello

In its second annual 2023 “Study Trends Report,” McGraw Hill found that college students were feeling unprepared for their courses, but also that they have turned to generative AI and social media to study and would like more learning resources in a similar format.

The study, conducted by Morning Consult between July 18 and Aug. 11, 2023, surveyed 500 undergraduate college students and 200 college instructors. Some of the key findings include:


The Plot To Kill Shop Class — by Ryan Craig

I suspect College Board may be trying to repent for its original sin: killing vocational education. Now known as career and technical education (CTE), America’s college-or-bust mentality has long relegated CTE to a shadowy corner of high school.

But make no mistake: the College Board’s fingerprints are on the weapon that killed CTE. College Board launched Advanced Placement courses in 1955 with 500 students across 18 elite schools like Andover, Bronx Science, and Newton High School. The original idea was guiltless: more challenging curricula for gifted and talented students to accelerate the development of leaders and win the Cold War. But it soon became clear that AP’s primary purpose would be to give students a leg up in competitive college admissions; as early as 1960, Exeter worried about “a dangerous tendency to regard advanced placement teachers and students as an elite worthy of special praise.”

When College Board’s primary source of revenue (and profits) is AP courses and demand for AP is driven by a weighted GPA formula that discriminates against all other forms of education, any attempt to create a level playing field between career discovery and college is window dressing: CTE theater. College Board knows which side its bread is buttered on (hint: it’s in its name).


2U, USC Curtail Online Partnership — from insidehighered.com by Doug Lederman
Southern California and the online program manager will part ways on master’s degrees that became a target of scrutiny because of their high price.

Which makes it fitting, perhaps, that Thursday 2U and USC announced that that they would largely wind down their 15-year partnership, which in the eyes of consumer advocates and some journalists had come to exemplify how involving companies intimately in the delivery of education could undermine, rather than expand, access and affordability to higher education.


edX and Jobs for the Future Offer Free MicroBachelors Programs — from campustechnology.com by Kate Lucariello

Three MicroBachelor programs are currently available:

  • Statistics Fundamentals and Mathematics and Statistics Fundamentals from The London School of Economics;
  • Marketing Essentials and Business and Professional Communication for Success from Doane University; and
  • Full Stack Application Development from IBM.

PROOF POINTS: Professors say high school math doesn’t prepare most students for their college majors — from hechingerreport.org


 

A look back over 10 years of MOOCs — from timeshighereducation.com by Melissa Highton
Lessons learned over a decade of developing and delivering massive open online courses (MOOCs)

We began developing massive open online courses (Moocs) 10 years ago. The aim was to experiment with new ways of teaching online, to research what kinds of learning and courses could be achieved, and to have fun. We were never in it for the money.

Although it was undeniably expensive at the start, a decade later, this activity has brought considerable return on that investment in terms of what we have learned, the places we have reached and the impact we have had, inside and outside our institution.

The University of Edinburgh now offers 80 online master’s courses drawn from all disciplines and 100 Moocs and microcredentials, reaching 4.7 million learners around the world.

 

From DSC:
Time will tell.

Per Jeff Maggioncalda, Coursera CEO: “This system-wide industry micro-credential program sets an innovative blueprint for the future of higher education.”

***

University Of Texas, Coursera Launch Historic Micro-credential Partnership — from forbes.com by Michael T. Nietzel

The University of Texas and Coursera, the online learning platform and a pioneer of Massive Open Online Courses (MOOCS), are launching a large-scale, industry-recognized micro-credential program. The collaboration was announced today in a blogpost by Coursera.

Through the new partnership, every student, faculty, and staff (and even alumni) across all nine universities in the University of Texas (UT) System will gain access to Courser’s Career Academy for no additional cost to them.

 

 

The top online learning statistics in 2023 — from Devlin Peck’s Online Learning Statistics: The Ultimate List in 2023

  • Worldwide, 49% of students have completed some sort of online learning
  • Online learning is the fastest-growing market in the education industry – it has grown 900% since its creation in 2000
  • 70% of students say online learning is better than traditional classroom learning
  • The number of online learning users is expected to increase to 57 million by 2027
  • 80% of businesses now offer online learning or training solutions
  • 63% of students in the US engage in online learning activities daily
  • Online learning can increase student and employee retention to as much as 50%
  • Online learning can reduce the time needed to learn a subject by 40% to 60%
  • The online learning industry is projected to be worth more than $370 billion by 2026
  • Online learning and training can improve employee performance by 15% to 25%

Trade programs — unlike other areas of higher education — are in hot demand — from hechingerreport.org by Olivia Sanchez
Many young people choose to pursue short-term credentials over traditional college because they see them as a quicker and a more affordable path to a good

Excerpt:

While almost every sector of higher education is seeing fewer students registering for classes, many trade school programs are booming. Jones and his classmates, seeking certificates and other short-term credentials, not associate degrees, are part of that upswing.

Mechanic and repair trade programs saw an enrollment increase of 11.5 percent from spring 2021 to 2022, according to the National Student Clearinghouse. Enrollment in construction trades courses increased by 19.3 percent, while culinary program enrollment increased 12.7 percent, according to the Clearinghouse.


Death of a Traditional Lecture — from by

Excerpts:

However, some of the digital/remote content is better than what we can provide in the physical classroom. For example, in a biology course, instructors can watch students interact with thousands of 3D models, such as those found on Sketchfab or virtual programs such as BioDigital. Additionally, students can follow along virtually as instructors point out different structures. This approach is not possible in a physical classroom unless each student has their own physical model or they bring their computers.

We should welcome the unfamiliarity of new and blended course designs and strive to build courses based on the best approach for the content regardless of the format, rather than revert to the comfort of analog lecturing.


How College Students Say They Learn Best— from insidehighered.com by Colleen Flaherty
In a new Student Voice survey, students share their preferences for class format, active learning strategies and note-taking. Interactive lectures and case studies are especially popular.


OPM Market Landscape And Dynamics: Spring 2023 Updates — from philhillaa.com by Phil Hill

Excerpt:

OPM Market Landscape

  • Market valuations of publicly-traded OPM companies have continued to drop, with 2U/edX, Coursera, and Keypath all down 75% or more from March 2021.
  • Pearson tapped out of the market, agreeing to sell its OPM business to private equity firm Regent.
  • Zovio is no more. It has ceased to be.
  • FutureLearn sold the remnants of its business to a for-profit system, and it now has the most obnoxious website of any OPM provider, past or present.
  • Byju’s, which (according to multiple media accounts) had been considering an acquisition of 2U/edX or Coursera, abandoned these plans to go off and deal with its own financial crisis.
  • Noodle acquired South Africa-based Hubble Studios.
  • The Government Accountability Office (GAO) released a report on the OPM market, triggering (but not causing) official efforts to make massive regulatory changes.

Harvard and MIT Launch Nonprofit to Increase College Access — from edsurge.com by Jeffrey R. Young
The effort is backed by the $800 million sale of the online platform edX in 2021.

Excerpt:

What would you do if you had $800 million to build a new nonprofit to support innovation in online learning?

That’s the privileged question that officials at Massachusetts Institute of Technology and Harvard University have been mulling over for the last two years, and late last month they announced some answers.

The result is a new nonprofit named Axim Collaborative, and its focus will be on serving learners that higher education has historically left behind.

As the group’s new CEO, Stephanie Khurana, put it in an interview with EdSurge this week: “The focus of the mission is to really help postsecondary completion and issues of economic mobility.”


California helps college students cut their debt by paying them to help their communities — from hechingerreport.org by Gail Cornwall
Inspired by service programs from earlier eras, the College Corps program puts low-income, first-generation students to work in education, food insecurity and climate mitigation


‘The reckoning is here’: More than a third of community college students have vanished — from hechingerreport.org by Jon Marcus
Among those who do enroll, red tape and a lack of support are crushing their ambition


The Importance of Student Agency and Self-Direction — from evolllution.com by Cathrael Kazin

Excerpt:

The traditional higher education model is not a one-size-fits all. And students are increasingly calling for adaptability and flexibility to meet their needs. The focus on student agency is a tactic that many leaders can leverage when looking to support these needs and thrive moving forward. In this interview, Cathrael Kazin discusses the need for student agency and self-direction, the challenges that come with it and how to improve student retention and success.

 

Fostering sustainable learning ecosystems — from linkedin.com by Patrick Blessinger

Excerpt (emphasis DSC):

Learning ecosystems
As today’s global knowledge society becomes increasingly interconnected and begins to morph into a global learning society, it is likely that formal, nonformal, and informal learning will become increasingly interconnected. For instance, there has been an explosion of new self-directed e-learning platforms such as Khan Academy, Open Courseware, and YouTube, among others, that help educate billions of people around the world.

A learning ecosystem includes all the elements that contribute to a learner’s overall learning experience. The components of a learning ecosystem are numerous, including people, technology platforms, knowledge bases, culture, governance, strategy, and other internal and external elements that have an impact on learning. Therefore, moving forward, it is crucial to integrate learning across formal, nonformal, and informal learning processes and activities in a more strategic way.

Learning ecosystems -- formal, informal, and nonformal sources of learning will become more tightly integrated in the future

 

Some example components of a learning ecosystem [Christian]

A learning ecosystem is composed of people, tools, technologies, content, processes, culture, strategies, and any other resource that helps one learn. Learning ecosystems can be at an individual level as well as at an organizational level.

Some example components:

  • Subject Matter Experts (SMEs) such as faculty, staff, teachers, trainers, parents, coaches, directors, and others
  • Fellow employees
  • L&D/Training professionals
  • Managers
  • Instructional Designers
  • Librarians
  • Consultants
  • Types of learning
    • Active learning
    • Adult learning
    • PreK-12 education
    • Training/corporate learning
    • Vocational learning
    • Experiential learning
    • Competency-based learning
    • Self-directed learning (i.e., heutagogy)
    • Mobile learning
    • Online learning
    • Face-to-face-based learning
    • Hybrid/blended learning
    • Hyflex-based learning
    • Game-based learning
    • XR-based learning (AR, MR, and VR)
    • Informal learning
    • Formal learning
    • Lifelong learning
    • Microlearning
    • Personalized/customized learning
    • Play-based learning
  • Cloud-based learning apps
  • Coaching & mentoring
  • Peer feedback
  • Job aids/performance tools and other on-demand content
  • Websites
  • Conferences
  • Professional development
  • Professional organizations
  • Social networking
  • Social media – Twitter, LinkedIn, Facebook/Meta, other
  • Communities of practice
  • Artificial Intelligence (AI) — including ChatGPT, learning agents, learner profiles, 
  • LMS/CMS/Learning Experience Platforms
  • Tutorials
  • Videos — including on YouTube, Vimeo, other
  • Job-aids
  • E-learning-based resources
  • Books, digital textbooks, journals, and manuals
  • Enterprise social networks/tools
  • RSS feeds and blogging
  • Podcasts/vodcasts
  • Videoconferencing/audio-conferencing/virtual meetings
  • Capturing and sharing content
  • Tagging/rating/curating content
  • Decision support tools
  • Getting feedback
  • Webinars
  • In-person workshops
  • Discussion boards/forums
  • Chat/IM
  • VOIP
  • Online-based resources (periodicals, journals, magazines, newspapers, and others)
  • Learning spaces
  • Learning hubs
  • Learning preferences
  • Learning theories
  • Microschools
  • MOOCs
  • Open courseware
  • Portals
  • Wikis
  • Wikipedia
  • Slideshare
  • TED talks
  • …and many more components.

These people, tools, technologies, etc. are constantly morphing — as well as coming and going in and out of our lives.

 

 
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.

 

Buyer Beware: First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions — from cew.georgetown.edu

Summary:

Did you know that in the first year after graduation you can make more money with an associate’s degree in nursing from Santa Rosa Junior College in California than with a graduate degree from some programs at Harvard University? Data from the College Scorecard reveal many more surprising details of post-college outcomes for students and families about that all-important first year after graduation. Buyer Beware: First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions finds that first-year earnings for the same degree in the same major can vary by $80,000 at different colleges and universities. It also reveals that workers with less education can often make more than workers with more education, and that higher levels of education do not always result in higher student loan payments.

Speaking of Georgetown, also see:

In the U.S. alone, more than 39 million students leave college without a degree. Black, Latino, and Native American students are overrepresented in this population.

SCS’s program is designed to help students of all backgrounds complete their degrees and unlock their earning potential. The degree’s most recent on-campus cohort is composed of 62% students of color and 40% military-connected learners. SCS is introducing this fully online degree to scale this program to learners worldwide.

 

Are Microcredentials Finally Gaining Traction? — from insidehighered.com by Joshua Kim

Excerpt:

This month, the London School of Economics expanded its degree partnership with 2U to launch a series of edX microcredentials that provide learners with a flexible, stackable pathway towards pursuing a fully online undergraduate education. Wim Van der Stede, LSE’s new academic dean for extended education, graciously agreed to answer my questions about these new programs.

In that time, we’ve seen the power that online learning has to meet learners’ needs at every stage of their lives and careers.

The world around us is changing, rapidly, and we need to support professionals, alumni and students in refreshing and adapting their knowledge and skills, as and when they need, through evolving lives and careers. This is at the heart of LSE’s mission as a global social science hub of research and education, and plays a key role in achieving our mission to educate for impact by empowering students to develop the skills to solve society’s most pressing issues in an ever-changing world.


A side thought from DSC:
Speaking of Economics, I wonder if and how Artificial Intelligence (AI) will impact the field of Economics?


 

Coursera is Evolving into a Third-Wave EdTech Company — from eliterate.us by Michael Feldstein

Excerpts:

This is the vision of Coursera’s three-sided platform at scale, connecting learners, educators and institutions in a global learning ecosystem designed to keep pace with our rapidly changing world.

Coursera CEO Jeff Maggioncalda

Coursera's diversified model with 3 segments -- consumer, enterprise, and degrees

The point of this slide is to show the diversification of Coursera’s business. Degree programs may be down, but enterprise licenses and direct-to-consumer certificates are up. But it also indicates Coursera’s ability to diversify revenue streams for its university content providers. The enterprise business provides a distribution channel between universities and employers. From what I can tell, it’s a Guild competitor, even though the two companies look very different on the surface. The consumer segment started as the MOOC business and has expanded into the “tweener” space between courses and degrees: certificates, microdegrees, whatever.

 

Higher Education in Motion: The Digital and Cultural Transformations Ahead — from er.educause.edu by John O’Brien

Excerpts (emphasis DSC):

In 2015 when Janet Napolitano, then president of the University of California, responded to what she saw as a steadily growing “chorus of doom” predicting the demise of higher education, she did so with a turn of phrase that captured my imagination and still does. She said that higher education is not in crisis. “Instead, it is in motion, and it always has been.”

A brief insert by DSC:
Yes. In other words, it’s a learning ecosystem — with constant morphing & changing going on.

“We insisted then, and we continue to insist now, that digital transformation amounts to deep and coordinated change that substantially reshapes the operations, strategic directions, and value propositions of colleges and universities and that this change is enabled by culture, workforce, and technology shifts.

The tidal movement to digital transformation is linked to a demonstrably broader recognition of the strategic role and value of technology professionals and leaders on campus, another area of long-standing EDUCAUSE advocacy. For longer than we have talked about digital transformation, we have insisted that technology must be understood as a strategic asset, not a utility, and that senior IT leaders must be part of the campus strategic decision-making. But the idea of a strategic role for technology had disappointing traction among senior campus leaders before 2020.

From DSC:
The Presidents, Provosts, CIO’s, board members, influential faculty members, and other members of institutions’ key leadership positions who didn’t move powerfully forward with online-based learning over the last two+ decades missed the biggest thing to hit societies’ ability to learn in 500+ years — the Internet. Not since the invention of the printing press has learning had such an incredible gust of wind put in its sails. The affordances have been staggering, with millions of people now being educated in much less expensive ways (MOOCs, YouTube, LinkedIn Learning, other). Those who didn’t move forward with online-based learning in the past are currently scrambling to even survive. We’ll see how many close their doors as the number of effective alternatives increases.

Instead of functioning as a one-time fix during the pandemic, technology has become ubiquitous and relied upon to an ever-increasing degree across campus and across the student experience.

Moving forward, best of luck to those organizations who don’t have their CIOs at the decision-making table and reporting directly to the Presidents — and hopefully those CIO’s are innovative and visionary to begin with. Best of luck to those institutions who refuse to look up and around to see that the world has significantly changed from the time they got their degrees.

The current mix of new realities creates an opportunity for an evolution and, ideally, a synchronized reimagination of higher education overall. This will be driven by technology innovation and technology professionals—and will be made even more enduring by a campus culture of care for students, faculty, and staff.

Time will tell if the current cultures within many traditional institutions of higher education will allow them to adapt/change…or not.


Along the lines of transformations in our learning ecosystems, also see:


OPINION: Let’s use the pandemic as a dress-rehearsal for much-needed digital transformation — from hechingerreport.org by Jean-Claude Brizard
Schools must get ready for the next disruption and make high-quality learning available to all

Excerpts:

We should use this moment to catalyze a digital transformation of education that will prepare schools for our uncertain future.

What should come next is an examination of how schools can more deeply and deliberately harness technology to make high-quality learning accessible to every learner, even in the wake of a crisis. That means a digital transformation, with three key levers for change: in the classroom, in schools and at the systems level.

Platforms like these help improve student outcomes by enhancing teachers’ ability to meet individual students’ needs. They also allow learners to master new skills at their own pace, in their own way.

As Digital Transformation in Schools Continues, the Need for Enterprising IT Leaders Grows — from edtechmagazine.com by Ryan Petersen

K-12 IT leaders move beyond silos to make a meaningful impact inside and outside their schools.According to Korn Ferry’s research on enterprise leadership, “Enterprise leaders envision and grow; scale and create. They go beyond by going across the enterprise, optimizing the whole organization and its entire ecosystem by leading outside what they can control. These are leaders who see their role as being a participant in diverse and dynamic communities.”

 

 

U-M partners with Google to offer job-ready tech skills program — from record.umich.edu by Sean Corp

Excerpt:

A new flexible online training program on data science will prepare job-seekers in Michigan and beyond to quickly enter one of the fastest-growing labor markets and advance their careers.

The Center for Academic Innovation created the program, “Data Analytics in the Public Sector with R,” for data science and other professionals interested in how public data sets can drive decisions and policymaking in the public sector. The course complements current Google career certificates, flexible online “Grow with Google” job-training programs for high-demand fields.

Also relevant/see:

Google Cloud and edX Partner to Launch Cloud Computing Professional Certificate — from prnewswire.com 2U, Inc.

Excerpt:

MOUNTAIN VIEW, Calif. and CAMBRIDGE, Mass., Oct. 12, 2022 /PRNewswire/ — Google Cloud and edX, a leading global online learning platform from 2U, Inc. (Nasdaq: TWOU), today announced the launch of a Professional Certificate program in Google Cloud Computing Foundations. The certificate will bring edX’s global community of 45 million learners access to skills that are central to cloud basics, big data, machine learning, and where and how Google Cloud fits in. Registration is open today at www.edx.org, with courses beginning November 2022.

“We are excited to launch our Google Cloud training content on the edX platform,” said Chris Pirie, Director of Google Cloud Learning Profile and Partnerships. “This partnership presents a fantastic opportunity for learners around the world to build in-demand cloud skills on a proven learning platform.”

 
© 2024 | Daniel Christian