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Change the World - One Trillion Dollar Market at a time / the opportunity in Education
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 True entrepreneurs can make an impact by addressing challenges like availability of resources for teachers and outdated systems.
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Change the World - One Trillion Dollar Market at a time / the opportunity in Education
- 1. Change the World OneTrillion 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
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- 4. … With SmallWings http://image.dhgate.com/0x0/f2/albu/g3/M01/11/73/rBVaHVXNAF2ANVOMAALiyD-0izA632.jpg
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- 11. 5% of GDPspent 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
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- 15. Reasonst o in v e s t in education https://jrbenjamin.files.wordpress.com/2014/03/thomas-jefferson.jpg Thomas Jefferson
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- 18. Africa Africa GDP: $2.45trillion (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
- 19. It’s a provenmarket
- 20. The Largest Publishers Arein 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
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- 22. EdTech has itsown 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
- 23. The Big Boysare Here…
- 24. There are Unicorns! Qtone(>$4bn) Growing a horn:
- 25. What bubble? WhatSeries A Crunch?
- 26. You can wina Nobel Peace Prize Before getting a Drivers Licence Malala Yousafzai
- 27. How to unlockvalue in education? http://d65852kwq1u8u.cloudfront.net/uploads/10209_280_grams_small.jpg
- 28. The Value ofEducation Education is not the learning of facts, but the training of minds to think Albert Einstein (abbreviated)
- 29. “It is notso 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 notso 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
- 31. Access? Mobile? Well,doh! http://media.automaton.am/uploads/english/phonekid.jpg
- 32. Access Teaches languages topeople 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 aroundlearning 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 thatwill 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 theideas 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
- 36. Why isn’t everyonedoing it? https://newingness.files.wordpress.com/2014/03/different.jpg
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- 39. Slow pace ofeducation systems http://www.biosciencetechnology.com/sites/biosciencetechnology.com/files/bt1510_snail.jpg
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- 44. Strategy: Wrap around Private Tutoring Curriculum Enhancement Lesson Preparation Revision LifelongLearning Skills Training Languages Computer Science Adaptive Learning
- 45. They know theymust improve
- 46. Let’s not forget: teachersare heroes! http://cdn5.thr.com/sites/default/files/2014/08/Dead_Poets_Society.jpg
- 47. Tough environment http://www.mycpa.com/wp-content/uploads/2013/01/Road1.jpg Schools: Budgetcuts, resource deprived Teachers: frontline job, low pay, increased responsibilities Parents: more double-earners & single-parent families, time-constrained Systems: regulated, move slower than private sector
- 48. ^ KEEP CALM and HUG ME HARD Educationsystems to you:
- 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 isthere the Tech is ready the time is now!
- 51. True Entrepreneurs… Get. Shit.Done! And make a difference …http://eskipaper.com/images/silver-surfer-wallpaper-7.jpg
- 52. Thank you! @vhirsch [email protected] +44 7843599 678 http://www.traineeup.com/wp-content/uploads/2015/02/bunkerstuff3.jpg