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