How to Build Education Models That Scale | Summary and Q&A

TL;DR

With automation changing the way we work, there are opportunities for investment in the education and entertainment sectors to retrain and fill people's time.

Key Insights

• 💁 The traditional models of funding education in most countries are shifting, creating opportunities for alternative forms of investment.
• 🌍 The challenges of upskilling and re-skilling in Europe highlight the need for better corporate training and educational solutions.
• 🧑‍🏫 Technology, such as AI, is revolutionizing the education sector, offering solutions to address the global teacher shortage and provide industry-relevant experiences.
• 🎓 Lifelong learning is becoming essential for economic relevance, and companies are partnering with higher education institutions to bridge the education-employment gap.
• 🥺 China is leading the way in education innovation, particularly in the effective utilization of technology.
• 🎓 Universities must prioritize the education-to-employment pipeline to remain relevant and meet the needs of an increasing number of higher education students.

Transcript

we're excited to talk with you all today about some of the interesting opportunities in the education space McKinsey anticipated in 2017 1.2 billion people that are currently employed around the world are working in automatable jobs this doesn't mean all these people are going to lose their jobs a lot of them have to be Rhys killed there's also imp... Read More

Questions & Answers

Q: How can investment in increased years of learning address the challenges posed by the automation economy?

Investments must focus on passion, purpose, and capital to effectively address the future learning needs. Alternative forms of funding are necessary to tackle the scale of the opportunities in education.

Q: What challenges exist in scaling ed tech in Europe compared to the US market?

Europe's fragmented landscape, with different languages and cultures, presents challenges in scaling ed tech. However, focusing on infrastructural problems and leveraging corporate learning and development departments can help achieve scale.

Q: How can the education sector adapt to the concept of the hundred-year life and the need for lifelong learning?

Rethinking the education system, extending the curriculum, and embracing lifelong learning are essential to survive and remain economically relevant. Companies are becoming the fourth education system, absorbing the failures of traditional education institutions.

Q: What countries are winning the talent war in education innovation?

China is leading the way in education innovation, particularly in the utilization of technology, such as AI. Singapore and Finland also have excellent education systems, but China stands out in terms of tech application.

Summary & Key Takeaways

• McKinsey predicts that 1.2 billion people currently working in automatable jobs will require reskilling, creating opportunities in the education sector.

• The traditional models of funding education have been government-dependent, but alternative forms of investment are needed to tackle the challenges and opportunities in the future of education.

• There are various challenges in upskilling and re-skilling in Europe, including a shortage of teachers and a need for better corporate training solutions.