Global trends and future of higher education

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Global trends and future of higher education 27 November 2013 Business and University Kyiv, Ukraine

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Global trends and future of higher education. 27 November 2013 Business and University Kyiv, Ukraine. Higher education landscape worldwide will undergo massive changes in the next few years. - PowerPoint PPT Presentation

Transcript of Global trends and future of higher education

Page 1: Global  trends  and future of higher education

Global trends and future of higher education

27 November 2013Business and UniversityKyiv, Ukraine

Page 2: Global  trends  and future of higher education

Page 2 Global trends in higher education

Higher education landscape worldwide will undergo massive changes in the next few years

Higher education students will increase by 300% from 100 million in 2000 to 400 million in 2030 with high growth in emerging markets like Asia and Latin America

Rapid growth in student number

Classroom teaching will not be able to leverage potential benefits of digital technologies. It will not be able to compete with the reach of the digital platform

Chal

leng

ing

times

ahe

ad!

Digital learning methods

Existing ‘dominant university model’ - a broad-based teaching and research institutional setup, will turn unviable

Broad range of disciplines and a broad mix of student segment will not be able to deliver in future when developing expertise will be the requirement

Change in broad-based teaching approach

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Future of education

Education landscape of the future characterized by blurring of boundaries

► Greater opportunities for international exchange of students

► Greater synergy between industry and education► Access to automatic proof of accreditation

for employers during hiring process► Multiple channels to gain knowledge and build skill-sets

► Delivery of quality education► Access of educational platforms to less advantaged► Prevent over shadowing over local languages

by English► Balance between virtual and human exchanges► Global validation of credentialsO

ppor

tuni

ties

Cha

lleng

es

Future of

education

1Star academics

Presenters who would be recorded for broadcasting of lectures

2Research Academics

Academicians who focus solely on research activities

3Curriculum designers

Academics responsible for translating the syllabi into formats suitable for the online learning environment

Changing the role of academicians

Levels of education Higher education and industry Geographies Education spaces Teacher- student

Move to a culture of life- long learning

Rise in contribution of industry in educational development

Increase in globally delivered education and accreditation

Limited face-to-face interaction between students and teachers as online learning becomes the order of the day

Limited face-to-face interaction between students and teachers as online learning becomes the order of the day

2010 2050

Blurring effect

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Four key trends, especially ‘use of digital technologies’ will lead to this transformation

Democratization of knowledge

Global mobility Integrationwith industry

Use of digital technologies

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Asian and African countries will see massive growth in e-learning servicesRegions Growth

rate of e-learning market (2011-16 E)

Global 23%

Asia 17.3%

Eastern Europe 16.9%

Africa 15.2%

US 15%

Middle East 8.2%

► US is the global leader in online education, with 6.7m students (32% of those in higher education), taking courses online

► Africa is the world’s fastest growing e-learning market, with a growth rate of around 38.6% for cloud-based e-learning products

► Turkey aims to equip more than 15 million students with tablets by 2016, with a US$1.4 billion investment

Vietnam, Malaysia, Romania, Azerbaijan, Thailand, Kenya, Slovakia, the Philippines, India and China

represent the top 10 fastest growing markets, with growth rates above 30%

The emergence of MOOCs has increased the penetration of e-learning services to a great extent

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MOOCs promise to revolutionise the delivery and reach of quality education across the globe

Overview of prominent online course providers

MOOC platform

Enrolled students

Number of

courses

Number of institution

s

Coursera 3,670,803 374 70

EdX 900,000 53 27

Udacity 400,000 25 1

69%9%

13%

6% 1% 2% 1%

Country-wise origin of course enrolment*

US Brazil India China GermanyNigeria Britain

► It has been estimated that four new 30,000-student universities need to be constructed per week, to accommodate children who will reach enrolment age by 2025

► MOOCs have the potential to help address this issue by significantly reducing the workload on educational institutes

*Based on data for the three players

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Other new powerful technologies will emerge

These technologies will disrupt the traditional trillion-dollar education model by changing the basic fundamentals

► Streamline admission and enrollment process► Enable access to costly subscription of journals

► Learn and interact with 3D models

► Students to have their individual digitised, lifelong learning profile

Cloud Computing

3D printing

Adaptive learning

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Democratization of knowledge will start an ‘education revolution’Access to education is no longer limited to students of developed

economies

China

India

Latin America

MENA

East Asian & Pacific

8.0%

9.4%

22.6%

21.0%

15.8%

25.9%

17.9%

40.5%

30.0%

29.0%

Proportion of 18-22 year olds in post secondary education

2010 2000

Implications

► An ‘education revolution’ to open up new markets and opportunities for global partnerships

► New gates for competition especially from the best emerging market universities

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Students, teachers and universities are increasingly becoming globally mobile

1.1

1.3

2.1

4.3

1980

1990

2000

2011Increasing mobility of students► Number of students going abroad for

education has grown more than three times in last three decades

Changing preferences for destination of study► Traditional source countries like China,

Malaysia and South Korea will become destination countries

Rising spread of academic brands► There are 200 International branch

campuses (IBC) mostly of Ivy league universities with 38 more to set up in next two years

Number of students (million) enrolled outside their country of

citizenship

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Changing industry – university relationship: industry is no more only a customer for universities

In order to survive, universities need to build significantly deeper relationships with industry in form of Industry based learning and

internships

Old model New modelIndustry as a… Industry as a…

customer

customer partner

competitor

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Driven by the key trends, university business models will become more diverse

Universities are expected to evolve in three broad lines

1.

2.

3.

Streamlined Status Quo

Niche Dominators

Transformers

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Streamlined Status Quo: Some universities will maintain status quo while streamlining operations

Universities will focus on increasing profitability and efficiency while remaining broad-based and provide multiple disciplinary courses

Discontinue unprofitable disciplines

Save resources required to maintain international competitiveness in key disciplines

Open up new markets and more efficiently serve existing markets

Realise lower operating costs and drive efficiencies through shared services arrangements with like-minded institutions

Invest in digital sales and delivery channels

Outsource back-office functions

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Niche Dominators: Some universities will fundamentally change the services and markets they operate in

► Reduce range of disciplines and focus on particular customers such as distance learning students

► Build deep alliances with industry, including partnerships to support R&D

► Streamline back office, including using outsourcing/shared services models to drive efficiency

Focus on specific customer segment

Industry alliance

Streamline back office

The challenge of staying competitive in domestic and international markets will drive the shift towards this model

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Transformers :Some universities will carve new markets that merge part of the higher education sector with other sectors

This disruptive model will be led by private providers, new entrants and savvy public universities

Content wholesalers, financiers, employers and parents will be new customers

New Customers

New areas of specialization

Content aggregation, mass distribution, certification will be new areas of specialisation

Combine traditional education services with services in related industries such as media and entertainment and financial services

Outsource student services while retaining ownership of their customer relationships

Combine education

with industry services

Outsource student services

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Conclusion

►With “massification” of education we need to identify new operating models for education institutions which will allow them to provide high quality education and appropriate skills at affordable rates.