Eight Brilliant Minds on the Future of Online Education
The advent of massively open online classes (MOOCs) is the single most important technological development of the millennium so far.
Notes that MOOCs as fundamentally disruptive:
- Peter Thiel, partner, Founders Fund Students do not currently receive sufficient return on the massive expense in higher education, which is seen as an insurance policy rather than an investment.
- Larry Summers, former President of Harvard The technology is transformative in a way that seems subtle and slow now, but will grow exponentially because the modern system of higher education is antique.
- Daphne Koller, founder of Coursera With 2.4 million users already, the massive need for free education is surprising on a global level.
- Raphael Reif, president of MIT We cannot continue to charge $50,000 for an elite education, but funds are needed for the important learning and research in labs and experiments, this conflict creating a disruptive battleground.
- Bill Gates, chairman of Microsoft In the beginning marketers and investors thought that they could make money from this, but because of the lack of credentials, only free courses are marketable, and they will continue to grow.
- Sebastian Thrun, CEO of uDacity The MOOC system has higher education in flux because of the issue of credentials, and uDacity's current agreement with California schools for cheap, lower level courses will reveal a lot as it plays out.
- Jimmy Wales, founder, Wikipedia In the past 2 decades the overall number served and quality of the education within the university system has not changed, and we are only beginning to see a transformation that will remake higher ed.
- Muhammad Yunus, Nobel Peace Prize Winner, Founder Grameen Bank The current transformations fundamentally question what education means for the global community and what the purpose of life is for humanity, questions that cannot be answered by the current system.
My interpretation: The consensus is that fundamental, disruptive changes are immediately in store for higher education, but with disruption comes a period of chaos and radical shift until an order resolves, which means upheaval and bloodletting are in the near future.
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Source is Harvard Business Review
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