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13 MOOC Megatrends - June 2014

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How the MOOC (Massive Open Online Course) market is impacting corporate training? This presentation provides 13 Megatrends that CapitalWave believes will be the trends and impact of the MOOC market on corporate training, recruiting, and skills development.

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13 MOOC Megatrends - June 2014

  1. 1. Copyright 2014 CapitalWave Inc. All Rights Reserved. 13 MOOC Megatrends MASSIVE, OPEN, ONLINE COURSES IN CORPORATE LEARNING Bryant Nielson Executive Director & Founder
  2. 2. Copyright 2014 CapitalWave Inc. All Rights Reserved. Who Are We • International provider of Wealth & Capital Market training, leader in simulation platform development for training in the financial markets, and strategic developer of academic events. Offering • Global Markets Academy • Investment Management Academy • The Operations Academy • 6 simulation platforms covering the financial markets
  3. 3. Copyright 2014 CapitalWave Inc. All Rights Reserved. A Brief History of MOOCs  MOOC is the acronym for “Massively Open Online Course”  ALISON  Rise of the MOOC  2008 Uni of Manitoba – Connectivism and Connective Knowledge  2006 KahnAcademy  2011 Stanford University – Intro to AI  2011 Udacity  2011 Coursera  2012 edX  2012 Global Academy (targeting High School SAT students)
  4. 4. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Learning Framework  Online Video Training – by subject matter experts  Rich media – PDF’s, Word docs, Excel, PowerPoint, audio  Social Media  Assessments / Examinations  Badges / Certifications  Discussion Forum with Instructor Engagement  Online assignments and  Peer collaboration
  5. 5. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Values to Companies  Changes training economics  Provides responsive and low cost professional content  Enables self-development  Allows for Learning & Development teams to develop new forms of content
  6. 6. Copyright 2014 CapitalWave Inc. All Rights Reserved. 13 MOOC Megatrends A NEW DIGITAL LEARNING ENVIRONMENT
  7. 7. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #1 Adoption at Corporate Universities  Collaborative company-wide learning  Both in-house and Licensed courses  Training integrated into work  Lowers overall training costs  Provides staff great flexibility  http://www.yourtrainingedge.com/megatrends-in-moocs-1-adoption-at-corporate-universities/
  8. 8. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #2 Facilitating Learning Organizations  Corporate Learning is informal  Promote and reward expertise  Unleash the power of experts  Demonstrate the value of formal training  Allow for people to make mistakes  http://www.yourtrainingedge.com/megatrends-in-moocs-2-facilitating-learning-organizations/
  9. 9. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #3 Competency-Based Training Model  It is cost-effective, goal oriented and productive  It targets specific training needs  It standardizes performance  It improves the quality of product and services  Creates a verified certificate program  Provides direct assessment  http://www.yourtrainingedge.com/megatrends-in-moocs-3-updating-the-competency-based-training-model/
  10. 10. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #4 Micro Learning Paths  Short videos and other learning resources  Spaced repetition and practice activities  Communication and collaboration platforms  Credentials and gamification  http://www.yourtrainingedge.com/megatrends-in-moocs-4-microlearning-paths/
  11. 11. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #5 Lifelong Learning  Weekly lunch and learns  Training budgets and tuition reimbursement  Set specific learning goals  Distribute books to read  Acknowledge the results  http://www.yourtrainingedge.com/megatrends-in-moocs-5-lifelong-learning/
  12. 12. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #6 More Social, More Collaborative  98% of corporate leaders agree that social media is changing how employees learn  81% agree that social media is value to the learning experience  90% said that they encourage and support informal learning  http://www.yourtrainingedge.com/megatrends-in-moocs-6-more-social-more-collaborative/
  13. 13. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #7 Gamification Benefits to gamification for organizations  Keeping staff coming back to the learning portal  Recognizing training efforts  Identifying experts and facilitating knowledge sharing  Defining your ‘monetization’ strategy  Focus on content mastery and not game play  Make sure the games translate to the real world  Think outside the game box  http://www.yourtrainingedge.com/megatrends-in-moocs-7-gamification/
  14. 14. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #8 Mobile Learning  91% of all US adults own a cell phone  63% use their phone to go online  Mobile users are more likely to engage in collaboration and peer learning  Mobile learning leads to increased motivation to learn  Millennial’s now make up more than 1/3 of the workforce  http://info.shiftelearning.com/blog/bid/331987/Mobile-Learning-Stats-that-Will-Make-You-Rethink-Your-Training-Strategy  http://www.yourtrainingedge.com/megatrends-in-moocs-8-mobile-learning/
  15. 15. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #9 Flipping the Classroom  Flipping class time  Integrating technology into the course  Hands on activities in the class  Flipping class focus  From Instructor focus to student focus  Ideal framework for adoption  Personal networks  Create, curate, and share resources  http://www.yourtrainingedge.com/megatrends-in-moocs-9-flipping-the-mooc/
  16. 16. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #10 Changing the Role of the Instructor  21st Century Training  Allowing instructors to spend less time on content creation  Providing more time for instructors since they are not providing repeatable deliveries  Allowing to spend more time on: assessments, remediation and ensuring that the training is real, meaningful and actionable  http://www.yourtrainingedge.com/megatrends-in-moocs-10-the-changing-role-of-the-instructor/
  17. 17. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #11 Alternative Credentials  Verified certificates  Course sequences  Digital badges  Digital portfolios  12st century transcripts  http://www.yourtrainingedge.com/megatrends-in-moocs-11-alternative-credentials/
  18. 18. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #12 Training Millennials  33% of the workforce in 2014  More than 50% of the 18-24 yr old view MOOCs positively about a company  Just under 50% of the 25-34 yr old view MOOCs as a draw to work at a company  70% of the 18-34 yr old would participate in a company sponsored MOOC  Only 30% of the same group viewed eLearning positively  http://www.yourtrainingedge.com/megatrends-in-moocs-12-training-for-millennials/
  19. 19. Copyright 2014 CapitalWave Inc. All Rights Reserved. MOOC Megatrends #13 Relationship Builders  MOOCs foster relationships within organizations  Institutions can use MOOCs to reframe and re-energize the missions.  MOOCs offer the ability for continual learning  Allowing for employees to collaborate, discuss, and create personal learning networks that drive learning and innovation  Allows companies to develop relationships with new and potential employees  http://www.yourtrainingedge.com/megatrends-in-moocs-13-moocs-as-relationship-builders/
  20. 20. Copyright 2014 CapitalWave Inc. All Rights Reserved. Challenges for MOOCs  Interest is increasing 70% of Bersin by Deloitte members are interested in exploring the use of MOOCs for corporate training  Awareness is low 69% of executive ed participants have never heard of MOOCs  Experience is rare only 7% of organizations surveyed by Deloitte are using them for employee learning… but 31% plan to Bernsin by Deloitte – December 10, 2013
  21. 21. Copyright 2014 CapitalWave Inc. All Rights Reserved. Year of the MOOC? November 2, 2012 January 16, 2013 March 6, 2014
  22. 22. Copyright 2014 CapitalWave Inc. All Rights Reserved. Technology Enabled learning CapitalWave Inc. www.CapitalWave.com and www.CapitalWave.net Bryant Nielson Executive Director & Founder bryant.nielson@capitalwave.com bryant.nielson /bryantnielson /CapitalWave

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