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Change the World - One Trillion Dollar Market at a time / the opportunity in Education

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These are the slides to my keynote given at 4YFN 2016 where I explore the opportunity of the EdTech space and how to make the most of it.

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Change the World - One Trillion Dollar Market at a time / the opportunity in Education

  1. 1. Change the World One Trillion Dollar Market at a Time Volker Hirsch @vhirsch 4YFN Barcelona, 23 Feb 2016 http://d1zlh37f1ep3tj.cloudfront.net/wp/wblob/54592E651337D2/417/256E5/G8JTIzMmdc-oHZwUdP6Brw/photodune-2102679-planet-earth-l.jpg
  2. 2. Who + Why… $
  3. 3. Angel Investor… http://www.imagesbuddy.com/images/246/White-Angel-Wings-Picture.jpg
  4. 4. … With Small Wings http://image.dhgate.com/0x0/f2/albu/g3/M01/11/73/rBVaHVXNAF2ANVOMAALiyD-0izA632.jpg
  5. 5. Leverage https://www.flickr.com/photos/36333438@N00/846559015/
  6. 6. http://www.transerainc.com/uploads/blog/Dollarphotoclub_33442455.jpg Impact
  7. 7. http://visualeconomics.creditloan.com/how-countries-spend-their-money/ Government Budgets EducationMilitary Health
  8. 8. Military = War (?) http://www.bl.uk/learning/timeline/external/worldwar1somme-tl.jpg
  9. 9. Health= Megabucks http://d.ibtimes.co.uk/en/full/1436676/bubonic-plague.jpg
  10. 10. Education = Future http://themileage.org/wp-content/uploads/2014/07/Emerging-trends-in-Education.jpg
  11. 11. 5% of GDP spent on Education http://data.worldbank.org/indicator/SE.XPD.TOTL.GD.ZS/countries/IN-1W?display=map
  12. 12. Better Education = Higher GDP http://ent.arp.harvard.edu/AfricaHigherEducation/ The full Harvard study is here: http://siteresources.worldbank.org/INTAFRREGTOPEDUCATION/Resources/444659-1212165766431/ED_Higher_education_economic_development_Africa.pdf
  13. 13. http://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/ Global GDP = $76 Trillion
  14. 14. $$$http://www.redstonelogistics.com/wp-content/uploads/2012/01/Improving-resluts.jpg
  15. 15. Reasonst o i n v e s t in education https://jrbenjamin.files.wordpress.com/2014/03/thomas-jefferson.jpg Thomas Jefferson
  16. 16. Massive growth https://marketbrief.edweek.org/wp-content/uploads/2013/02/IBIS3.pdf
  17. 17. Example: Africa https://upload.wikimedia.org/wikipedia/commons/3/31/1-12_Africa_Green-Grey.png
  18. 18. Africa Africa GDP: $2.45 trillion (2015) Education can lift GDP by 20%(*) result: $500 billion incremental GDP! … And that’s per year! https://en.wikipedia.org/wiki/List_of_African_countries_by_GDP_(nominal) (*) A Harvard study concluded a rise in tertiary education in Africa would result in 21.3% incremental economic output. (http://siteresources.worldbank.org/INTAFRREGTOPEDUCATION/Resources/444659-1212165766431/ ED_Higher_education_economic_development_Africa.pdf, p. 29) https://upload.wikimedia.org/wikipedia/commons/3/31/1-12_Africa_Green-Grey.png
  19. 19. It’s a proven market
  20. 20. The Largest
 Publishers Are in Education http://www.publishersweekly.com/pw/by-topic/international/international-book-news/article/67224-the-world-s-57-largest-book-publishers-2015.html http://www.prospectivedoctor.com/wp-content/uploads/2014/11/books.jpg
  21. 21. https://steveblank.files.wordpress.com/2011/02/higher-ed-tech-landscape.jpg%3Fw%3D714%26h%3D614 HigherEd2014
  22. 22. EdTech has its own Hype Cycle Innovation Trigger Peak of Inflated Expectations Trough of Disillusionment Slope of Enlightenment Plateau of Productivity time expectations Mashware Quantum Computing Education Tablet Open Microcredentials Campus App Store Affective Computing SIS International Data Interoperability Standards BPO Open-Source SIS Student Retention CRM Citizen Developers Learning Stack Adaptive E-Textbooks Big Data Gamification MOOC Social Software Standards Wireless aaS COBIT Adaptive Learning Digital Preservation of Research Data BYOD Strategy Mobile-Learning Low-Range/ Midrange Handsets Open-Source Financials EA Frameworks Web-Based Office Productivity Suites ITIL Social Learning Platform for Education Cloud HPC/CaaS Mobile-Learning Smartphones Open-Source Middleware Suites E-Textbook Cloud Email for Staff and Faculty Virtual Environments/Virtual Worlds Emergency/Mass Notification Services Hosted Virtual Desktops Open-Source Learning Repositories SaaS Administration Applications Enterprise Architecture IT Infrastructure Utility Intellectual Property Rights and Royalties Management Software Lecture Capture and Retrieval Tools 802.11n Unified Communications and Collaboration Tablets Game Consoles as Media Hubs E-Book Readers Self-Publishing Mashups Off the Hype Cycle: e-portfolio, User-centric IAM, Organization-centric IAM, SOA, Student Enrollment CRM, Open-Source Portals, Social Media in Education From, "Hype Cycle for Education, 2013," 25 July 2013 (G00251104) Years to mainstream adoption: More than 10 years Obsolete before plateau Less than 2 years 5 to 10 years 2 to 5 years As of July 2013
  23. 23. The Big Boys are Here…
  24. 24. There are Unicorns! Qtone (>$4bn) Growing a horn:
  25. 25. What bubble? What Series A Crunch?
  26. 26. You can win a Nobel Peace Prize Before getting a Drivers Licence Malala Yousafzai
  27. 27. How to unlock value in education? http://d65852kwq1u8u.cloudfront.net/uploads/10209_280_grams_small.jpg
  28. 28. The Value of Education Education is not the learning of facts, 
 but the training of minds to think Albert Einstein (abbreviated)
  29. 29. “It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books.  The value of an education in a liberal arts college is not the learning of many facts, but the training of the mind to think something that cannot be learned from textbooks.” Quote taken from: Philipp Frank "Einstein: His Life and Times" Albert Einstein The Value of Education
  30. 30. “It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books.  The value of an education in a liberal arts college is not the learning of many facts, but the training of the mind to think something that cannot be learned from textbooks.” Quote taken from: Philipp Frank "Einstein: His Life and Times" Albert Einstein The Value of Education Access & Discovery Distance learning Mobile, Online, video, ... Creativity Critical Thinking Learning outcomes Methodology Adaptive Learning
  31. 31. Access? Mobile? Well, doh! http://media.automaton.am/uploads/english/phonekid.jpg
  32. 32. Access Teaches languages to people around the world. Aggregates vocational training resources, matches them with skill requirements and adds a certification layer. http://plasticlumberyard.com/pergolaman/images/fencing10_070804.jpg
  33. 33. Discovery Knowledge graph around learning content, sourcing contextually relevant content. Personalised learning platform that adapts to learner’s progress. http://videos.testtube.com/revision3/images/shows/discoveryspace/0033/discoveryspace--0033--trips-through-space--large.thumb.jpg
  34. 34. Creativity 3D-printable laptops that will teach you to design, apply and discover. Find courses to enhance your life. http://podprint.com.au/wp1/wp-content/uploads/2014/11/Iain_Crawford_2.jpg
  35. 35. Thinking Platform making the ideas of the world’s greatest thinkers accessible and comprehensible and developing high-order thinking skills. Schools and education systems that complement curricula with focus on multi-cultural outlook and inclusion of women. https://pbs.twimg.com/profile_images/583929055264710656/Q2BOGL-V.jpg
  36. 36. Why isn’t everyone doing it? https://newingness.files.wordpress.com/2014/03/different.jpg
  37. 37. Fear... http://cdn2.epictimes.com/wp-content/uploads/2015/10/FEAR.jpg
  38. 38. Heavily regulated sector https://www.flickr.com/photos/ericejohnson/4408073661
  39. 39. Slow pace of education systems http://www.biosciencetechnology.com/sites/biosciencetechnology.com/files/bt1510_snail.jpg
  40. 40. Complex systems http://i.imgur.com/3FKHfNO.jpg
  41. 41. Impenetrable http://i1.ytimg.com/vi/IDWmrLz17j0/maxresdefault.jpg
  42. 42. https://i.ytimg.com/vi/0mZbHCU59-0/maxresdefault.jpg
  43. 43. http://www.ispyprice.com/blog/wp-content/uploads/2015/04/ninja.png
  44. 44. Strategy: Wrap around Private Tutoring Curriculum Enhancement Lesson Preparation Revision Lifelong Learning Skills Training Languages Computer Science Adaptive Learning
  45. 45. They know they must improve
  46. 46. Let’s not forget: teachers are heroes! http://cdn5.thr.com/sites/default/files/2014/08/Dead_Poets_Society.jpg
  47. 47. Tough environment http://www.mycpa.com/wp-content/uploads/2013/01/Road1.jpg Schools: Budget cuts, resource deprived Teachers: frontline job, low pay, increased responsibilities Parents: more double-earners & single-parent families, time-constrained Systems: regulated, move slower than private sector
  48. 48. ^ KEEP CALM and HUG ME HARD Education systems to you:
  49. 49. Device availability & bandwidth Big data (real-time feedback loops) Analytics AI & Machine Learning Neuroscience & pedagogy (adaptive learning) Beat the system with technology https://citelighter-cards.s3.amazonaws.com/p17d98f5st15qd1tsv1m9c1sbu11uo0_64674.jpg
  50. 50. the market is there the Tech is ready the time is now!
  51. 51. True Entrepreneurs… Get. Shit. Done! And make a difference …http://eskipaper.com/images/silver-surfer-wallpaper-7.jpg
  52. 52. Thank you! @vhirsch me@vhirsch.com +44 7843 599 678 http://www.traineeup.com/wp-content/uploads/2015/02/bunkerstuff3.jpg

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