Lifelong Learning for New Collar Workforces of the 4th Industrial Revolution Paul Kim, PhD. Chief Technology Officer & Assistant Dean Stanford University Graduate School of Education [email protected] Stanford University Survey on students in 1930-2010 Stanford entrepreneurs created more than 5.4 million jobs in 40,000 global companies leading to generate $2.7T annually. •Sergey Brin and Larry Page, co-founders of Google •Jerry Yang and David Filo, co-founders of Yahoo •Reed Hastings, CEO of Netflix •Reid Hoffman, co-founder of LinkedIn •Vinod Khosla, a prominent venture capitalist •Peter Thiel, co-founder of PayPal and a prominent venture capitalist •Phil Knight - NIKE S. Korea GDP (Nominal) $1.4T Today’s Exercise _________ is the New________ Emerging Paradigm, Renewed Perspective, Practice Traditional, Outdated Concept, Behavior Sitting is the New Smoking “The illiterate of the 21st Century are not those who cannot read and write but those who cannot learn, unlearn and relearn.” ― Alvin Toffler, Powershift: Knowledge, Wealth, and Power at the Edge of the 21st Century http://www.cnn.com/2017/02/21/health/life-expectancy-increase-globally-by-2030/ Must Re-learn and Re-learn and Re-learn……for very long… http://ftw.usatoday.com/2017/04/101-year-old-man-kaur-gold-100-m-world-india-masters-games-keep-rocking-awesome-video 100 is the New 20 Gmail, Word, Excel, Photoshop, Blog, Podcast, Youtube, What’sApp, Kakaotalk,etc. The world of work is changing rapidly McKinsey analysts estimated a 5X Skillsets needed in the workforce from 2009 to 2012. 10 Technological advancement rate always exceeds human perception and behavior change rate… The Fast is the New Big Who are “the fast movers” in the private sector? Investment in New Educational Models Continues to Accelerate Select VC Education Portfolios • VC/Growth Investment in EdTech Key Themes Select Investments $3,028mm invested in 2016 Online Education Language Learning 300 $4,000 Education Software MOOCs $3,485 Education $3,500 Software/Marketplaces Adaptive Learning 250 Education Software $3B Adaptive Learning $3,000 Amount Funded in Millions Online Education, $3,028 Supplemental Online Education 200 Adaptive Learning, MOOCs $2,500 Educational Software Supplemental Online MOOCs, Education Education Software 150 $2,000 Smart Games Smart Games $1,796 Online Higher Education Number of Deals Online Education $1,276 $1,500 Language Learning 100 $1,118 Education Software $1,000 Online Higher Education $584 Digital Books 50 $679 $196 Smart Games $236 $192 $379 $500 Education Services $138 $287 Education Software $110 $101 Supplemental Online $443 $204 Education 0 $83 $88 $0 Select EdTech Accelerators '98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14'15'16 Amount Funded Number of Deals • Source: Bloomberg, Capital IQ, VentureSource and GS extrapolations Perspectives on the Education Landscape Education Industry is the New Wild Wild West Key Investment Areas in Education Technology & Services 1 2 3 4 5 6 Adaptive and Tech- and Skills- New Content Theme Competency Based Data / Analytics Online Higher Ed Language based Learning Platforms Learning Learner-centric, Skills-oriented training, Demand for formative All major educational Growth of English Rising demand for skills- personalized, and especially in areas assessment, analytical institutions K-post-secondary language learning oriented (esp. adaptive software such as programming insight and will eventually leverage online around the world tech/programming) curriculum will replace / technology, sophisticated data strategies to extend reach accelerating education will drive Thesis front-of-the-classroom, increasingly systems driven top- and deliver content Mobile and internet growth of video-based one-to-many teaching demanded by down by regulation and business models and self-paced digital model employers bottom-up by innovative disrupting traditional learning platforms school models models McGraw-Hill acquired Kadenze raised $2mm in PowerSchool acquired Noodle Partners raised $4mm in VIPKID raised $100mm Byju’s raised $50mm in Redbird Advanced Learning Sep-16 Chalkable in Oct-16 Oct-16 in Aug-16 Sep-16 in Sep-16 Galvanize raised Schoolzilla acquired HotChalk raised $230mm in 51Talk parent company Kaltura raised $50mm in Knewton raised $52mm in $45mm in Aug-16 Decision Science Labs in Nov-15 completes IPO in Jun-16 Aug-16 Feb-16 General Assembly Oct-16 Coursera raised $50mm in Aug- TutorGroup raised Panopto raised $43mm in Geekie raised $7mm in May- acquired Bitmaker in John Wiley & Sons 15 $200mm in Nov-15 Aug-16 Select 15 Aug-16 acquired Ranku in Sep-16 Synergis raised undisclosed Busuu raisesd$6.7mm in Pluralsight acquired Train Dreambox raised $10mm in Codeacademy raised Instructure raised $81mm round from Bertelsmann in Apr- Jul-15 Simple in Jul-16 Market Aug015 $30mm in Jul-16 in Nov-15 IPO 15 and $38mm Series A in May- Babbel raised $22mm in Udemy raised $60mm in Data LEAP Innovations received Andela raised $24mm in Civitas Learning raised 14 Jul-15 Jun-16 $5mm grant in Jun-15 Jun-16 $60mm in Sep-15 Minerva raised $70mm in Oct- Duolingo raised $45mm EdCast raised $16mm in KnowMe raised $7mm in Degreed acquired Ellucian was acquired by 14 Jun-15 Apr-16 Oct-14 Gibbon in Mar-16 TPG and Leonard Green 2U raised $119mm in Mar-2014 Udacity raised $105mm in Grovo raised $40mm in in Aug-15 IPO Nov-15 Feb-16 Select Companies • Perspectives on the Education Landscape The Rise of Boot Camps Accelerated Tech Skill Training Listed on NASDAQ 380K graduates. 90% job placement rate. Lagos, Nigeria, Nairobi, Kenya 100% Online Boot Camp What used to be a privilege for a small group of elite learners has become a disposable learning resource for all. Lifelong Learning is the New Privilege for All Coding is the New Blue Collar Job? https://www.wired.com/ Coding Machine is the New Sewing Machine Korea’s Guro District Working overtime the same way Coding Big Data Analytics Remote Work Control Network Security SNS Optimization A.I. Analysis NLP Development Authentication Drone Printing Gamification IOT Integration Design Thinking VR Development Data Visualization Cluster Robots Management Digital Assistance Optimization How new collar jobs will be formed? A new farmer who can do farming much better 65% of children in elementary school today will have jobs that do not exist, yet. U.S. Department of Labor report. Many of public servant jobs will be replaced by machines. Who are the new lifelong learners in 10 years? School Reform Efforts Combining best features from grades 9-14 P-TECH: Connecting Students with the Skills for In-Demand Jobs 3rd grade @CMS EDU 3rd grade @CMS EDU 5th Grade @Stratford School Maker’s Space is the New School of the Future Torrae & Ivan Owen building a hand for Liam Designer is the New Student of the Future 20000 student class! What’s not typical in MOOCs Challenges – China, Mideast, social network sites banned, no YouTube access. (Use Youku, 56.com, etc.) What’s not typical in MOOCs What’s not typical in MOOCs New Media Consortium Goldman Sachs NovoEd Udemy and several education leaders Sharing is the New Learning Why Share Knowledge on ? Reach Revenue Passion Share your knowledge with millions Earn money teaching what Join everyday experts excited of people around the world. you know and love. about teaching online. 62 Knowledge Sharing on Udemy 26,000 $45M Experts teaching on Course Sales for top 10 Udemy Udemy instructors $7,000 300+ Average instructor Instructors have earnings earned $100,000+ 6 to 8 weeks Average time to publish a course 63 Give for Free, Earn Respect, Some Youtubers earned Engage Passionately, income as high as 15M Grow by Supporters, Earn Handsomely You are the New Teacherpreneur Digital Assistant Engine Asking critical questions is more important than searching for information SMILE (Stanford Mobile Inquiry-based Learning Environment) Every student is engaged S. Korea. Medical University - BYOD Moving from lecture-centered to student interaction-centered model. Developed local evaluation rubrics. No question? Have you really learned anything? Bridge between MOOCs and Learners in the under-developed regions. Adhoc local area mobile learning network – content & application server + router + wifi + storage One button and runs on a battery Tanzania Questions in Swahili and English. No textbook. Only the teacher owns textbooks. Learning English by creating questions with photos. (Bottom) $200 $35 4 times faster 4 times more storage Quad-core CPU Our system gives statistical analysis on how close each question is to a different type and quality of questions. Using existing question sets as training data. A few ways to improve the performance of our system: • Use better and more training data (SMILE accumulating questions everyday. You can help!) • Enhance our algorithm layers to make our analysis much deeper learning AlphaGo training itself with 30,000 games a day. Innovation Question Fisher: DORY A Great Question is the New Innovation SUMMARY Technology is the New Equalizer Technology can and will do many things for you, but it cannot learn on your behalf. Future lifelong learners are the designers and makers who must create their own jobs again and again Do you want to just go with the flow? After all, life is just a dash. With what do we fill the dash? Email your homework to [email protected] _________ is the New________ Emerging Paradigm, Renewed Perspective, Practice Traditional, Outdated Concept, Behavior.