Part 1 of 7 in the Series-Education in the Cloud. Introduction at: https://wrenchinthegears.com/2017/07/13/smart-cities-social-impact-bonds-public-educations-hostile-takeover-part-ii/
2. Big Data’s Classroom
Coup
No Child Left Behind = High Stakes Testing
Race to the Top = Value Added Model + School Report Cards
Every Student Succeeds Act = Stealth Assessments + Non-Cognitive Measures
Pay for Success/Social Impact Investments = Deals Evaluated by Educational Data
18. “Smart” Cities
Internet of Things Sensors
Deliver Real Time DATA
Digital Education
Out of School
Badges & iBeacons“Smart”
Classrooms
e-learning
Social Impact Bonds underwrite “smart”
Infrastructure & ed-tech.
$ROI on programs meeting
set “success” criteria.
Preferences ed-tech.
DATA used to assess deals.
Smart Cities
Generate Data
19. Constant flow of student DATA via
dashboards informs investment risk.
Digital Education
Impact Investors Seed Ed-Tech
Sell Hardware & Software & Generate DATA
Neighborhood
Schools
Virtual
Schools
Out-of-School
Time
Charter
Schools
Dynamic, data-driven
education becomes a
speculative
commodity of global
financial markets.
Blended Learning
Dynamic Data Drives
Impact Investment Returns
20. Neighborhood
Schools
Student
“Personalized” Pathway
Weighted Funding Follows Student
Blockchain
Automated Smart
Blockchain Contracts
Badges
Certifications
Skills
Social Traits
Competencies Logged In
The Ledger
Trigger Payments to
Educational Provider
ESA
Educational Savings Accounts
$ $
Work-Based
Learning
Online
Gaming
Makerspace
Projects
Service
Learning
Cyber
Courses
Private
Instruction
Museum
Programs
Badges, Competencies & Digital Micro-Payments
21. Students
Generate Data
Dashboards
Aggregate Data
Devices, Apps,
LMSs & Sensors
Transmit Data
IoT
Blockchain
Registers
Credentials
Social Impact
Investments
Seed Ed-Tech
Data Informs
Human Capital
Management
Predictive
Analytics
Blockchain Smart
Contracts Transmit
Payments
Data in Motion
22. Philanthropy &
Social Impact
Investments Seed
Ed-Tech &
“Smart” Classrooms
Derivatives
Markets Built on
Education Data
Speculation
Education
Investments
Securitized
Credit Default Swaps
= Profit for Some
When The System
Fails
Digital Education =
The Next “Big Short”
Futures Market in
Education Data