The document discusses the trillion dollar global education market and opportunities for entrepreneurs. It notes that the education sector spends massive amounts on health, military and education but more could be spent on education to boost economies. New technologies in areas like mobile learning, adaptive learning, and analytics could help unlock value in education by improving access, discovery of knowledge, creativity and critical thinking. While education systems are large and complex, the market and technologies exist to support wrapping solutions around existing structures. True entrepreneurs can make an impact by addressing challenges like availability of resources for teachers and outdated systems.
Change the World - One Trillion Dollar Market at a time / the opportunity in Education
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
11. 5% of GDP spent on Education
http://data.worldbank.org/indicator/SE.XPD.TOTL.GD.ZS/countries/IN-1W?display=map
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
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
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
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
26. You can win a
Nobel Peace Prize
Before getting a
Drivers Licence
Malala Yousafzai
27. How to unlock value in education?
http://d65852kwq1u8u.cloudfront.net/uploads/10209_280_grams_small.jpg
28. The Value of Education
Education is not
the learning of facts,
but the training of
minds to think
Albert Einstein (abbreviated)
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. “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
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. 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. 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. 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
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. the market is there
the Tech is ready
the time is now!