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Saturday, November 28, 2020

MOOC Courses – Can MOOCs replace continuing education?

In this age of borderless classrooms, the realization of massive open online course (simply known as MOOC) has further improved the level of education delivery, even to the those places that have underdeveloped over the years due to lack of educational facilities. All that is required to deliver borderless education to anywhere in the world is quality internet facility, computer or smartphone to enhance the learning process – hence, it is called e-learning.

The fourth industrial revolution” is underway, says ” Coursera CEO, Jeff Maggioncalda, whose company recently announced a $103 million Series E with a valuation of over $1 billion.

This “fourth industrial revolution, marked by advancements in automation and artificial intelligence,” Maggioncalda says, is going to cause a global workforce challenge.

“The future of work and learning are converging, and companies are realizing that there are a lot of jobs that are getting automated,” he said, “so finding an inexpensive but high-quality way to retrain is turning out to be a historic challenge.”

E-Learning - Can MOOC replace continuing education

Retraining employees at scale is a global challenge, in Maggioncalda’s view, and investors don’t disagree. The global market for MOOCs is projected to grow from $3.9 billion in 2018 to $20.8 billion in 2023. The unique value MOOCs provide over something like a bootcamp is their scale.

In theory, a MOOC could reach anyone with an internet connection and retrain those individuals at a fraction of the cost of traditional degrees or bootcamps. The problem MOOCs have to solve first, though, is credentialing.

In a bootcamp, with an instructor evaluating your work every step of the way, there is a level of confidence in the credential a student earns. In a MOOC setting, it’s a little trickier. How do you verify how well a student has learned the material? Testing is the obvious answer, but ensuring the integrity of digital exams at the volume MOOCs handle is tricky as well.

There are a number of companies working on this problem now. Examity, which offers proctoring software for online courses, announced a $90 million round in April. It already has partnerships with online education players Coursera and Duolingo.

At the same time, other models of continuing education—like bootcamps and digital degrees from traditional universities—are continuing to pick up steam. Lambda School, the popular coding bootcamp, recently raised a $30 million Series B, while Trilogy Education—another bootcamp provider—was acquired by 2U, a company that builds online degree programs for universities, for $750 million.

The pressure is on, but if MOOCs can solve this fundamental problem, they will be positioned to take advantage of, what some investors believe will be, a historic disruption of the global workforce.

Olawale Danielhttps://olawaledaniel.com/
Olawale Daniel is a business builder and psychologist, a network marketing professional, a world-class motivational speaker, a successful internet entrepreneur and a digital media strategist interested in all things mobile and digital — start-ups, media, branding. He started TechAtLast back in 2010 as a platform to quench his thirst for latest technologies. As a motivational speaker and author, Olawale has published several motivational and personal development books and he's currently working on "SUCCESS AHEAD - Don't Quit" which is billed to hit the stand by Q4 of the year. He writes regularly on his personal website on motivation and personal lifestyle and tips for network marketing success, OlawaleDaniel.com. His latest book on How to Sponsor More People in Your Network Marketing Business is still one of the best sellers in its category. He's presently working as a Health and Wellness consultant at BURN SLIM TRIM Inc., a firm that helps people regain their perfect lifestyle through state-of-the-art recent discoveries way back from nature. He's also the brain behind FOBCourse, a business university for startup entrepreneurs in Africa.

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1 COMMENT

  1. Yes, now a days board less classroom helpful for those peoples who wish to learn at a brisk pace and fast track option too. ISME is one of the leading E-learning Schools Goa and offers a blend of technology, quality and tradition to support its student in their perusal of a program. Using such an integrated approach enables ISME to offer a wide range of programs to a wide range of students across different locations!

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