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TECHNOLOGY AT WORK

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90<br />

Citi GPS: Global Perspectives & Solutions February 2015<br />

have to navigate a byzantine labyrinth of a system spanning 50 state education<br />

agencies, 14,000 school districts each with a varying approach to procurement, and<br />

upwards of 65,000 individual schools. A survey conducted by the education industry<br />

association found that only 23% of education tech providers are satisfied with the<br />

ability to gain visibility in a school district. InBloom, a well-funded non-profit<br />

education tech start up supported by the Bill and Melinda Gates Foundation, was<br />

recently wound up. Alternatively News Corp has invested approximately $1.1 billion<br />

in its Ed Tech division Amplify since 2010 and has yet to see a significant return in<br />

terms of revenue, with just $130 million forecast in 2015. The pace of technological<br />

change within schools remains slow.<br />

In higher education things are progressing faster, although critics often point at the<br />

drop-out rates associated with online courses, which often exceed 90%. Yet, these<br />

numbers need to be put in perspective. Many leading universities accept fewer than<br />

10% of their applicants. The few students that are accepted and have a high<br />

propensity to pass constitute only a fraction of the number of students that apply.<br />

MOOCs, on the other hand, are accessible to all potential students, and there is<br />

virtually no cost associated with starting a new course while looking for<br />

employment.<br />

MOOCs further have the potential to make geography less important as students<br />

can access the best content and teachers regardless of their location. For example,<br />

of the 155,000 students who registered for MIT’s prototype Circuits and Electronics<br />

course, most came from America, Colombia, India, Britain, and Spain. 146 Thus,<br />

students in deprived areas and relatively poor countries are now able to access<br />

some of the best classes in the world, making even high-end education an option<br />

for many students that could previously not afford it.<br />

MOOCs have the ability to increase<br />

productivity by making time a redundant<br />

factor in education<br />

Perhaps the most promising aspect of MOOCs is their potential to increase<br />

productivity by making time a redundant factor in contemporary education. As has<br />

been forcefully argued by Clayton Christensen, students with different learning<br />

requirements no longer need to conform to rigid academic programmes which span<br />

over a specified period of time. 147 This form of factory-based education that<br />

emerged in the 19 th century, following the industrial revolution, is seemingly out of<br />

date. Today, students with different backgrounds and learning requirements can<br />

complete courses at their own pace. On campus lectures have no pause, rewind or<br />

fast-forward buttons, but MOOCs allow students to learn in ways that suit them the<br />

best. Students can skip some lectures while attending others several times at<br />

virtually no additional cost. They can also take assessments as many times as<br />

necessary until they have gained their desired proficiency in a subject or acquired a<br />

new skill. In other words, digital technologies allow time to become the variable<br />

factor while learning is fixed.<br />

Making time a variable factor in education would also make it easier for people to<br />

acquire skills later in life. In particular, at a time when technology is making the skills<br />

of many workers redundant at a faster pace than perhaps ever before, new<br />

approaches to life-long learning will be essential. This is suggested by the fact that<br />

higher-education enrolment among people aged 35 or above has increased<br />

substantially in America over recent decades. In the 1990s, 314,000 students aged<br />

35 or above enrolled at an institution for higher education. In the 2000s, the<br />

equivalent figure was 899,000. 148 By breaking down the learning process, leaving<br />

students with a menu of skills and competencies they can chose to acquire without<br />

146 The Economist (2012).<br />

147 Christensen and Eyring (2011).<br />

148 The Economist (2014).<br />

© 2015 Citigroup

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