Disruption of Education - response to Ernst & Young Higher Education Report
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The document discusses how the education industry is on the cusp of profound change driven by 5 trends: 1) Democratization of knowledge and access; 2) Contestability of markets and funding; 3) Digital technologies; 4) Global mobility; and 5) Integration with industry. It suggests education institutions develop change management models, explore new business models, leverage digital technologies, form global partnerships, and strengthen integration with industry. The goal is to help teachers teach by having industry experts provide content, and for every industry to have an educational interface that generates income for teachers.
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Disruption of Education - response to Ernst & Young Higher Education Report
- 2. This 1st Grade teacher has earned over $1 million online
- 3. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. (Bill Gates)
- 4. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. (Bill Gates)
- 5. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. (Bill Gates)
- 6. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. (Bill Gates)
- 7. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. (Bill Gates)
- 8. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. (Bill Gates)
- 9. A thousand year old industry on the cusp of profound change – Ernst & Young Change will be driven by five trends
- 10. A thousand year old industry on the cusp of profound change – Ernst & Young 1. Democratisation of knowledge and access
- 11. A thousand year old industry on the cusp of profound change – Ernst & Young 1. Democratisation of knowledge and access
- 12. A thousand year old industry on the cusp of profound change – Ernst & Young 1. Democratisation of knowledge and access develop change management models increase our speed to market explore new business models create online development – real time develop innovative student experiences utilise our greatest resource - students
- 13. A thousand year old industry on the cusp of profound change – Ernst & Young 2. Contestability of markets and funding
- 14. A thousand year old industry on the cusp of profound change – Ernst & Young 2. Contestability of markets and funding
- 15. A thousand year old industry on the cusp of profound change – Ernst & Young 2. Contestability of markets and funding non-traditional semesters – Tri, North Hemi deepen our commercial skills joint initiatives with partners increase our productivity, at local and national Westfield model – weekends / holidays leasing FIFO – private RTO‟s in marginal programs develop the $1.99 learning module app
- 16. A thousand year old industry on the cusp of profound change – Ernst & Young 3. Digital technologies
- 17. A thousand year old industry on the cusp of profound change – Ernst & Young 3. Digital technologies invest in connectivity stake our position - „Technology‟ industry content capture and broadcast establish a digital signature / finger print develop your personal brand online work in a flipped education model collaborative sourcing, funding, delivery
- 18. A thousand year old industry on the cusp of profound change – Ernst & Young 4. Global mobility
- 19. A thousand year old industry on the cusp of profound change – Ernst & Young 4. Global mobility
- 20. A thousand year old industry on the cusp of profound change – Ernst & Young 4. Global mobility collaborative partnerships staff retention via financial sharing open source culture crowd sourcing of EDU resources quality and quantity for industry outcomes combat Venture Capitalists poaching our “best educational staff both teachers and support staff”
- 21. A thousand year old industry on the cusp of profound change – Ernst & Young 5. Integration with industry
- 22. A thousand year old industry on the cusp of profound change – Ernst & Young 5. Integration with industry
- 23. A thousand year old industry on the cusp of profound change – Ernst & Young 5. Integration with industry attract new talent, retain our talent support new business models Incentivi$e “de staff”, developers, deliverers, designers, distributors, dealers, describers, demonstrators, and deployers. Teachers work with Industry Experts
- 24. My goal is to help Teachers teach Let Teachers teach……….. Let Industry Experts provide the content…. Every Industry will have an Educational interface. At present, it is a HR interface (Cost) It will become an EDU interface (Income) Teachers will become the Industry EDU interface. Teaching has an exciting future……Yes.
Editor's Notes
- Hello all,My name is Phil Baskerville, I am the Head of School Business and IT, and I am presenting to you today, for the position of Director, School of Business.This is my profile which can be accessed by anyone online.But, I do not wish to talk about myself today, but talk about the challenging and exciting opportunities for teachers in this changing and emerging new digital world.
- As an example : This 1st Grade teacher has earned over $1 million by selling her online resources to other teachers. This is happening in the digital space which is less than 20 years old.
- Bill Gates is quoted as saying that,“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10 years.”10 years ago, 2002, these businesses were not present.
- Bill Gates is quoted as saying that,“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10 years.”
- Bill Gates is quoted as saying that,“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10 years.”
- Bill Gates is quoted as saying that,“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10 years.”
- Bill Gates is quoted as saying that,“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10 years.”
- Bill Gates is quoted as saying that,“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10 years.”
- But today, I wish to respond to the Ernest & Young report on Higher Education.***************************University of the futureA thousand year old industry on the cusp of profound change*****************************We are not immune to these changes that are detailed in this report and I will put forward my vision to survive and achieve in this changing market.
- Ernest & Young detailed 5 trends that will impact education.Access to the InternetAt present only 37% of the worlds population is connected.
- Most of the Third world is not connected.Only 4% of rural India is connected, but this only has to grow by 2% and it is more than the entire population of Australia.Chinese language users will overtake English speaking users by 2015.
- We need to change, and we need to do it proactively rather than reactivelyWe need to increase our speed to market for content delivery. At present the timeline is about 2.5 years from Industry input to delivery of Training Packages at the InstituteWe need to create online products and increase the student experience of learning.We need to utilise all of our population as we are small in numbers so all people need to become productive quickly.
- 2. Contestability of fundingThe Government funding is being constrained by the increasing Health burden of Baby Boomers. I represent the tailend of the Baby Boomers and our voting power will vote for Health policy changes, as we will want this to be addressed as we mature into our later years.
- Also the other constraints are coming from EDU startups that are attracting learners to different platforms.And the negativity of rising Student Debt is now becoming a business decision for many students who are discovering that a qualification does not automatically guarantee you a high paying job
- We will need to explore different delivery segments like Tri-semesters or Northern Hemisphere timelines.We will need to become more aware of developing our commercial skills and working in a market that is driven by business decisions by key stakeholders.On the value chain of skilling people for Industry we are observing that learners are accessing Industry Experts rather than Institutes who are meant to be delivering the Industry Expert knowledge. The learners are bypassing the Institutes, and this trend will continue to grow.We need to allow smaller Educational businesses access to our resources to help reduce our Fixed Overheads. We need to open up the School of WeekEnd delivery and School of Holiday delivery.We need to encourage fly in fly out Educational operators that are willing to work in the marginal programs that are too low of a return for us to engage in.We need to understand that Education learning will come down to $1.99 module and we need to explore our possibilities for working in that market.
- 3. Digital TechnologiesDigital technology will be about connectivity 24/7 365 days, and it will be so easy to use. iPads are becoming the educational platform to learn from, but Google glasses may be the Industry Experts platform to deliver content.
- We must invest in connectivity, we must stake our position, we will work with others to achieve this goal and to share in the rewards, through collaboration and crowd sourcing.
- 4. Global mobilityWe are now in a global marketplace and free online learning is accelerating. Massive Open Online Courses or (MOOC’s) are attracting 52,000 people in 2 months for the University of Melbourne, this semester. But also, there is now a trend to give Credit to some of these courses, as this will reduce the cost to the student which may avert the student backlash to rising fees.
- But the greatest change is that anyone can now teach. A teacher will become a person who can attract a crowd to learn from their expertise. There is already a rise of Industry Experts delivering online material without every having to complete a teaching qualification.In Brisbane, there are training programs like “Mining Finance for Non-Finance Professionals”, and getting paid to accomplish this training.Industry Experts are now getting recognised by organisations like Industry Professor Association and Oyster Connect.
- Our greatest challenge is that we have developed a system that worked well when there was a stability of a life-long career. Where a person would enter a workforce with a 4 year degree and be prepared for the workforce. But between now and 4 years time, there will be massive change and how can we rely on a curriculum or Training Package that was developed last year or 3 years ago. The change that needs to occur is that we teach what is current and relevant to the Industry needs of today, not last year or 3 years ago. Our greatest threat is that our best staff will be poached by Venture Capitalists as these investors start to enter the Education market that has been too hard for them to enter in previous decades because it had to have a bricks and mortar Institute. Today it is now low cost entry and built in a virtual world and done almost overnight.
- 5. Integration with IndustryIndustries are developing their own educational interface to train their potential staff to suit their industry. McDonalds were way ahead of the trend with their University established in 1961.
- In Queensland, the Industry segments are identified by the 4 pillars of Tourism, Resources, Construction, Agriculture with Health being a foundation. We need to work closely with large Associations that represent these segments and respond to their needs.
- The connection with Industry needs to be an immersion rather than an “at arms length” interaction. We need to allow Industry to dictate what is to be delivered and we apply our teaching skills in regard to timing, pace, level and style. We need to have Industry as the “front” image with our teachers supporting what Industry requires. We need to allow Industry to take control of the assessment so that they have confidence in the successful learner being able to complete the work task at hand. We need to concentrate on teaching and the skills that teaching requires while allowing Industry to develop the content and the assessment of learners. We need teachers to be working with Industry.
- I will be part of this exciting change, and the Institute may or may not elect to utilise myself at this Institute, but I will work to meet this challenge, not to benefit myself, but to benefit my children and their children. I always ask, “Is it good for Queensland?” and the resounding answer is “Yes”.