Education – Page 2

China, Education, Money Talk, Science & Technology News

China’s Yuanfudao claims global edtech valuation crown

November 2, 2020

Yuanfudao has ascended to become the most valuable private edtech company in the world.

The Beijing-based company captured a $15.5 billion valuation after closing a $2.2 billion round—climbing past India’s online learning platform, Byju, to take its place as the world’s most valuable private edtech company, according to PitchBook data.

“Yuanfudao is poised for high growth as it offers products from preschool to secondary education, which in theory, can support a child’s educational journey from the very beginning all the way through adulthood,” said Ryan Vaswani, an emerging tech analyst at PitchBook.

The company’s online education platform has about 3.7 million students in China using its suite of products, which include live tutoring, online question banks and a math problem-checking app.

Tencent led the first add-on to the company’s Series G with participation from Hillhouse Capital, Boyu Capital and IDG Capital. DST Global, which has also backed Chinese ridesharing goliath Didi Chuxing, led the second portion of the round. In March, Yuanfudao reportedly raised $1 billion at a $7.8 billion valuation.

Continue reading… “China’s Yuanfudao claims global edtech valuation crown”

2021 Predictions, Analysis, Education, Employment, Science & Technology News

These are the top 10 job skills of tomorrow – and how long it takes to learn them

October 31, 2020

Founder and Executive Chairman of World Economic Forum Klaus Schwab speaks during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland January 23, 2020.

Professor Klaus Schwab says technological innovation can be leveraged to unleash human potential.

50% of all employees will need reskilling by 2025, as adoption of technology increases, according to the World Economic Forum’s Future of Jobs Report.

Critical thinking and problem-solving top the list of skills employers believe will grow in prominence in the next five years.
Newly emerging this year are skills in self-management such as active learning, resilience, stress tolerance and flexibility.
Respondents to the Future of Jobs Survey estimate that around 40% of workers will require reskilling of six months or less.
Half of us will need to reskill in the next five years, as the “double-disruption” of the economic impacts of the pandemic and increasing automation transforming jobs takes hold.

That’s according to the third edition of the World Economic Forum’s Future of Jobs Report, which maps the jobs and skills of the future, tracking the pace of change and direction of travel.

Continue reading… “These are the top 10 job skills of tomorrow – and how long it takes to learn them”

Children, Coronavirus, Education, Parenting, Science & Technology News

As wealthy parents turn to ‘pandemic pods,’ startups aim to make them equitable

September 16, 2020

Affluent families were quick to explore pandemic pods as an alternative to solitary virtual school. Now, startups are looking for ways to make the model available to all.

In certain communities across America, learning pods, or pandemic pods, have become all the rage. Parents eager to offer their children socialization and some form of in-person instruction (and working parents simply eager to solve the problem of child care) are banding together to turn basements, garages, and living rooms into minischools for half a dozen families. Some families are hiring a teacher to supervise and lead activities, and some are relying on one another. Most plan to maintain enrollment in traditional school and use the pod as a supplement.

Almost as soon as learning pods emerged as a trend, concerns about equity followed. Not every family has the resources to hire a private teacher, and not every family lives in a community where homes have extra space for desks, bean bags, and art supplies. Indeed, in many cases, families are grappling with far more essential challenges, such as putting food on the table or finding stable shelter. In New York City alone, 114,000 children are homeless.

But for a growing number of entrepreneurs, that resource imbalance is a problem to be solved, not a reason to give up on learning pods entirely. They argue that with the right approach to design and funding, learning pods could become a solution that works for everyone.

Continue reading… “As wealthy parents turn to ‘pandemic pods,’ startups aim to make them equitable”

Children, Coronavirus, Education, Science & Technology News

‘Schoolcations’ are the latest hotel trend to attract remote learners

September 8, 2020

As the nation’s children head back to school, it’s clear that for many, the school year will be like none before.

With many students learning remotely, some families are looking at ways to take advantage of what might be a once-in-a-lifetime opportunity: to take their families out of their hometown and on vacation at a time of year when it would typically not be practical. It’s a silver lining in what many parents think will be a difficult year ahead.

Hotels in the U.S. and Mexico are offering distance-learning vacations with everything from dedicated “classroom” space to private tutors to tech support.

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Big Problems, Coronavirus, Higher Education, Science & Technology News

The Economic Model of Higher Education Was Already Broken. Here’s Why the Pandemic May Destroy It for Good

September 2, 2020

Logan Armstrong, a Cincinnati junior, works while sitting inside a painted circle on the lawn of the Oval during the first day of fall classes on at Ohio State University on Aug. 25, 2020.

Karabell is an author, investor, and commentator. He is the president of River Twice Research. His forthcoming book is Inside Money: Brown Brothers Harriman and the American Way of Power.

With the fall semester upon us, colleges and universities unveiled their plans for students—and many are just as quickly upending those plans. The University of North Carolina and Notre Dame recently announced they were changing their on campus plans as COVID-19 cases spiked. Many other universities are sure to follow. Already, universities ranging from Syracuse to Ohio State are suspending hundreds of students for violating social distancing rules, while COVID-19 outbreaks are on the rise on campuses such as the University of Alabama. While there is considerable variety in the actual plans, ranging from mostly in-person to all virtual, they all share one imperative: to maintain an economic model that is as imperiled by the pandemic as the hardest hit service industries.

Continue reading… “The Economic Model of Higher Education Was Already Broken. Here’s Why the Pandemic May Destroy It for Good”

Analysis, Coronavirus, Education, Science & Technology News, Trending

New global data reveal education technology’s impact on learning

August 3, 2020

The use of technology in education has become a lifeline during the COVID-19 pandemic. As students return to the classroom, school systems must carefully consider the longer-term role of technology.

The promise of technology in the classroom is great: enabling personalized, mastery-based learning; saving teacher time; and equipping students with the digital skills they will need for 21st-century careers. Indeed, controlled pilot studies have shown meaningful improvements in student outcomes through personalized blended learning.1 During this time of school shutdowns and remote learning, education technology has become a lifeline for the continuation of learning.

As school systems begin to prepare for a return to the classroom, many are asking whether education technology should play a greater role in student learning beyond the immediate crisis and what that might look like. To help inform the answer to that question, this article analyzes one important data set: the 2018 Programme for International Student Assessment (PISA), published in December 2019 by the Organisation for Economic Co-operation and Development (OECD).

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2020 Predictions, Coronavirus, Higher Education, Science & Technology News, Trending

Why College is never coming back

August 1, 2020

Here’s some great news: one of America’s most broken industries is finally being exposed as a sham. And make no mistake, the end of college as we know it is a great thing.

It’s great for families, who’ll save money and take on less debt putting kids through school. It’s great for kids, who’ll no longer be lured into the socialist indoctrination centers that many American campuses have become. And as I’ll show you, it’s great for investors, who stand to make a killing on the companies that’ll disrupt college for good.

But Stephen, how can you be against education?! I love learning, but I hate what college has become. As recently as 1980, you could get a four-year bachelor’s degree at a public school for less than $10,000. These days, it’ll cost you $40,000 at a minimum, $140,000 for a private school, or well over $250,000 for a top school.

College costs have ballooned beyond all reason. They’ve risen even faster than healthcare costs, which is really saying something. Kids are burying themselves in debt—$1.6 trillion at last count—in order to attend college.

When I wrote about this last year, I had little hope things would change anytime soon. Why? It’s a tough sell to convince an 18-year-old kid not to attend the four-year party all his friends are going to, especially when the US government is financing it through student loans.

But a Lightning Bolt of Disruption Just Fried the Business Model of College.

Continue reading… “Why College is never coming back”

2020 Predictions, Coronavirus, Higher Education, Science & Technology News

This chart predicts which colleges will survive the Coronavirus

August 1, 2020

Universities are an expensive operation with a relatively inflexible cost structure, and it’s forcing many schools to make poor choices

Our fumbling, incompetent response to the pandemic continues. In six weeks, a key component of our society is in line to become the next vector of contagion: higher education. Right now, half of colleges and universities plan to offer in-person classes, something resembling a normal college experience, this fall. This cannot happen. In-person classes should be minimal, ideally none.

The economic circumstances for many of these schools are dire, and administrators will need imagination — and taxpayer dollars — to avoid burning the village to save it. Per current plans, hundreds of colleges will perish.

There is a dangerous conflation of the discussion about K-12 and university reopenings. The two are starkly different. There are strong reasons to reopen K-12, and there are stronger reasons to keep universities shuttered. University leadership needs to evolve from denial (“It’s business as usual”) and past bargaining (“We’ll have a hybrid model with some classes in person”) to citizenship (“We are the warriors against this virus, not its enablers”).

Continue reading… “This chart predicts which colleges will survive the Coronavirus”

Analysis, Children, Coronavirus, Education, Science & Technology News

If COVID Fatalities Were 90.2% Lower, How Would You Feel About Schools Reopening?

July 27, 2020

According to the CDC, 101 children age 0 to 14 have died from influenza, while 31 children have died from COVID-19.

No evidence exists to support the theory that children pose a threat to educational professionals in a school or classroom setting, but there is a great deal of evidence to support the safety of in-person education.

According to the CDC, 131,332 Americans have died from pneumonia and 121,374 from COVID-19 as of July 11th, 2020.

Had the CDC used its industry standard, Medical Examiners’ and Coroners’ Handbook on Death Registration and Fetal Death Reporting Revision 2003, as it has for all other causes of death for the last 17 years, the COVID-19 fatality count would be approximately 90.2% lower than it currently is.

Continue reading… “If COVID Fatalities Were 90.2% Lower, How Would You Feel About Schools Reopening?”

Analysis, Artificial Intelligence, Culture, Higher Education, New Viewpoints, Science & Technology News

Study: Only 18% of data science students are learning about AI ethics

July 14, 2020

The neglect of AI ethics extends from universities to industry

A study by data science firm Anaconda found an absence of AI ethics initiatives in both academia and industry.

Amid a growing backlash over AI‘s racial and gender biases, numerous tech giants are launching their own ethics initiatives — of dubious intent.

The schemes are billed as altruistic efforts to make tech serve humanity. But critics argue their main concern is evading regulation and scrutiny through “ethics washing.”

At least we can rely on universities to teach the next generation of computer scientists to make. Right? Apparently not, according to a new survey of 2,360 data science students, academics, and professionals by software firm Anaconda.

Only 15% of instructors and professors said they’re teaching AI ethics, and just 18% of students indicated they’re learning about the subject.

Continue reading… “Study: Only 18% of data science students are learning about AI ethics”

Employment, government, Higher Education, Science & Technology News

Trump executive order directs feds to prioritize skills over college degrees in hiring

July 6, 2020

President Trump is reportedly preparing to redirect employers on how they should hire, prioritizing an applicant’s skills over a university degree.

Fox News has learned that the president will likely sign an executive order Friday, instructing the nation’s largest employer, the federal government, to take a new direction in its hiring tactics.

The order is expected to occur during a board meeting that advises the administration on worker policies.

Ivanka Trump, the president’s daughter, adviser and co-chair of the American Workforce Policy Advisory Board, has recommended the federal government — which employs more than 2 million civilian workers — re-strategize who they hire.

Continue reading… “Trump executive order directs feds to prioritize skills over college degrees in hiring”

Coronavirus, Higher Education, New Viewpoints, Science & Technology News

Is an MBA worth it ? After Covid-19, absolutely not.

July 6, 2020

For my parents’ generation, the default option for career development was getting an MBA. At one point in the late 2010s, I considered the degree, too. But as much as the brand glittered, a price tag of $200,000 plus two years of lost wages just didn’t seem worth it. And now?

Is an MBA worth it in 2020? It’s becoming more and more clear that an MBA degree is not just a questionable investment—it’s a risk that’s simply not worth it.

Let’s step back: The value of business school has been diminishing for a while. (Just ask Elon Musk, Sheryl Sandberg, or Mark Cuban for their opinion of the MBA or take a look at the declining application rates, even at the top schools.) The model of taking students out of the workforce to study decades-old cases was designed for a different era, when technology didn’t shift entire industries at such a breakneck speed.

Covid-19 has shone a glaring spotlight on just how archaic this type of education is. Almost overnight, business plans have been torn up, the rules we’ve played by scrapped. Executives can’t lean on the tactics they learned from outdated case studies—all of us are learning about our new world in real time.

Continue reading… “Is an MBA worth it ? After Covid-19, absolutely not.”