What's Keeping Higher Education CIOs up at Night? The Huffington Post
CIOs are under pressure and their jobs are at risk. Nowhere is this truer than in higher education. Increasing costs, technology disruption, mounting student debt and competition for students have put the CIO in a pressure cooker.
In this stressful environment, how the CIOs are allocating their resources? Are they worried about the Internet of Things? What is their involvement with disruptive forces like competency-based learning and online teaching?
Not surprisingly, one of the greatest CIO concerns is the specter of a network security breach. What is surprising, especially as college campuses tend to lead in technology, is that only 19 percent of CIOs are planning for the Internet of Things (IoT) as a strategic priority.
Coursera CEO: Colleges will survive the online education revolution Forbes
Rick Levin predicts that global rankings of universities are likely to take into account the number of people in the world touched by a university’s professors. That would make a global university’s status and prestige partly dependent on a school’s reach, which can be expanded significantly through online learning.
The evidence is beginning to be very clear. If properly managed and done strategically, online learning can be a net revenue enhancement. MOOCs can increase the visibility of a university, generate revenue from learners who buy certificates, and serve as lead generation to master’s and other programs.
In five to 10 years, online credentials will be very significant. Employers already are beginning to say that certificates would be valuable in a job application and can lead to promotions, pay increases, and new opportunities.
UIUC, Coursera Partner to Offer iMBA, a $20,000 Graduate Degree Education Dive
Coursera and the University of Illinois at Urbana Champaign College of Business announced the launch of the iMBA, the first open, fully online MBA program to be offered through the MOOC platform.
With an expected price tag of around $20,000, the program is "less than a third of the cost of MBAs from institutions with similar stature," according to Coursera Co-Founder and President Daphne Koller.
Access to all of the courses will be available on Coursera for free, with the option to enroll in the paid Specialization, demonstrate skills using career-relevant projects, and earn a Verified Certificate. This makes it the first graduate degree program made up of standalone, "stackable" building blocks that can be combined into a full MBA.
Stanford President Sees Distinct Role for Online Ed in Future Campus Technology
John Hennessy, the President of Stanford University, predicted that the delivery of education in the vocational areas and continuing ed will predominately be done through online technologies.
Hennessy also foretold a day when online analytics will deliver real-time learning measurement and the reuse of materials will lead to more engaging and compelling online learning.
The forecast for the use of online tech in education isn't all positive, however, Hennessy also noted that schools will need to overcome credentialing challenges, figure out how students can demonstrate mastery and find ways to reduce costs while still maintaining standards of quality.
The Top eLearning Statistics and Facts For 2015 You Need To Know eLearning Industry
Countless reports, surveys, and studies have shown that eLearning industry isn't showing any signs of slowing down. Here are some important statistics and facts for 2015, some of which may even surprise you!
The global eLearning Market is expected to reach $107 billion by 2015. The global self-paced eLearning market reached $32.1 billion in revenue in 2010, with a five year compound annual growth rate of approximately 9.2%. This means that the self-paced eLearning market should see estimated revenues of $49.9 billion in 2015.
Currently 8% of companies use MOOCs, while another 7% consider to experiment with MOOCs. It is predicted that in the following two years this percentage will rise to 28%. Example: Google has already enrolled 80,000 of its employees in Udacity’s HTML5 course.
Congratulations, Class of 2015. You’re the Most Indebted Ever (For Now) The Wall Street Journal
College graduates this year are leaving school as the most indebted class ever. The average class of 2015 graduate with student-loan debt will have to pay back a little more than $35,000, according to an analysis of government data by Mark Kantrowitz, publisher at Edvisors.
Almost 71% of bachelor’s degree recipients will graduate with a student loan, compared with less than half two decades ago and about 64% 10 years ago.
All together, total education debt–including federal and private education loans–will tally nearly $68 billion this year for graduates with a bachelor’s degree and their parents, Mr. Kantrowitz estimates, a more than 10-fold increase since 1994.
What Big Companies Get Wrong About Innovation Metrics Harvard Business Review
The fear of getting Netflix-ed or Uber-ized is spurring big companies to dial up their investment in innovation. But as investment increases, many companies are struggling with a challenging question: how do you know whether your chosen innovation strategy is actually bearing fruit?
It can be easy to count the number of innovation workshops held at company outposts around the world, but white-sheet-of-paper innovation efforts are fundamentally different from growing and optimizing existing lines of business. "Companies that aspire to be true innovators need to remember the role of vision and gut instinct," says Jason Berns, senior director of innovation at Under Armour.
Innovative Idea? It’s Going Nowhere Without the People Educause
We’ve all heard plenty about the need for innovation in higher education. We need to change, adapt, and move faster. We see examples of innovative programs, services, and offerings at conferences and through webinars that excite us and make us believe we can do it too. But, what we hear little about is what it took to get there.
What does it take to move an innovative idea to the point of actual fruition? It takes a sharp focus on the people. I’d like to offer five actions you can take to focus on people and move your innovation forward: inspire, support, communicate, listen, and celebrate.
Kaplan University introduces competency reports Inside Higher Ed
Kaplan University will now offer personalized “competency reports” to its 45,000 students. The university has been crafting its approach to competency-based education for more than a decade, said Kaplan officials. This is the for-profit institution’s biggest move into competency-based education so far.
The university also has begun breaking its courses into modules and a new pilot program in business includes some flexibility in pacing. Students can go faster by demonstrating competency in modules, but the start and finish dates of courses are not flexible. As a result, Kaplan’s modular experiment will stop short of discarding the credit hour.
LinkedIn: the future of global university rankings? University World News
Higher education is "a professional service characterized by a high level of experience, qualities which makes the purchase risky”. In this context, rankings are perceived by students as a signal of quality to narrow down their choices. Now, the arena of global university rankings has a new contender, LinkedIn, which has the potential to change the future of the rankings game.
LinkedIn is focused on career outcomes. In a cost-conscious environment where the value of higher education is under increasing scrutiny, return on investment and career outcome is becoming more important for students.
Drugmaker and University Ally to Seek Cure for AIDS The New York Times
The British pharmaceutical giant GlaxoSmithKline is teaming up with the University of North Carolina at Chapel Hill to start a research institute and a company aimed at curing H.I.V. infection and AIDS.
GlaxoSmithKline will contribute $4 million annually over five years to the research center, set up on the North Carolina campus. The company and the university will each own half of the new company, Qura Therapeutics, which will have the rights to commercialize any discoveries.
Educational Innovation Weekly Review is curated by Tecnológico de Monterrey'sObservatory of Educational Innovation. With the highlights of the week on innovation, technology and education. If you require more information about a specific note, please email us: email@example.com. TECNOLÓGICO DE MONTERREY, 2015.
Observatory of Educational Innovation
Tecnológico de Monterrey's Observatory of Educational Innovation: We identify and analyze the educational innovation trends that are shaping the future of learning and education.
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