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Global trends and future of higher education
27 November 2013Business and UniversityKyiv, Ukraine
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
Page 3 Global trends in higher education
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
Page 4 Global trends in higher education
Four key trends, especially ‘use of digital technologies’ will lead to this transformation
Democratization of knowledge
Global mobility Integrationwith industry
Use of digital technologies
Page 5 Global trends in higher education
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
Page 6 Global trends in higher education
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
Page 7 Global trends in higher education
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
Page 8 Global trends in higher education
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
Page 9 Global trends in higher education
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
Page 10 Global trends in higher education
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
Page 11 Global trends in higher education
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
Page 12 Global trends in higher education
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
Page 13 Global trends in higher education
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
Page 14 Global trends in higher education
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
Page 15 Global trends in higher education
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.