Online Learning Newsletter | February 2022: MIT, U-M, LMS Market, Stanford, DoD, Ellucian, Cengage, Pearson…

  FEBRUARY 2022 – NEWSLETTER #49 | Breaking news at IBL News | Noticias en Español   Universities • Universities Face Existential Threats Unless They Transform Their Operating Models • The President of MIT, Rafael Reif, Will Step Down at the End of 2022 • Touro College Will Move Its Campus to a Skyscraper in NYC, Betting on In-Person Learning • The President of the University of Michigan Fired After an Affair with a Subordinate   Research • A Growing Digital Skills Crisis: A Majority of the Workforce Feels Unprepared • Video Becomes the Preferred Teaching Method, States a Research • The LMS Market Will Experience Growth on a Large Scale by 2026 • A Research Suggests that Career-Connected Learning is the Key for the Job-Skills Crisis • Resigners Enroll Short-Term Courses to Help Them Reskill and Get Back Into the Workforce   Pandemic • The Pandemic Caused to Students $17 Trillion Loss in Lifetime Earnings • Colleges See Online Classes as a Temporary Measure to Combat the Omicron Variant • U.S. Colleges Continue Delaying the Resume the Start of In-Person Classes   Initiatives • An AI-Created Politician Draws the Attention as Deep Learning Technology Expands • Stanford University Launches Its First Full Class in Metaverse Virtual Reality • College Board's SAT Will Be Digital Starting in 2023 • A DoD-Funded VR Initiative Will Upskill Manufacturing Workers   Industry Acquisitions • Pearson Purchases Certification Platform Credly for $200 Million • Cengage Buys Cybersecurity Training Provider Infosec for $190.8 Million • Ellucian Buys CampusLogic Financial Student SaaS Company • Inside Higher Ed News Outlet Acquired by a Leading British Media Group   VC Fundraising • Domestika Reaches Unicorn Status After Raising $110 Million • GVS Investment Firm Releases an Update of Its Top 150 VC-Backed EdTech Start-Ups List • The Film Studio Behind “The Chosen” Raised $47 Million from VCs   2022 Events | All of the Key Conferences Listed! • Education Calendar 2022 – FEB | MAR | APRIL | MAY | JUNE | JULY | Conferences in Latin America & Spain   This newsletter was created in collaboration with IBL Education, a New York City-based company specializing in AI-driven learning platforms. We also film and produce courses for universities and business organizations. Read the latest IBL Newsletter | Archive of Open edX Newsletters

Google Will Support "Responsible AI" Courses Developed by 15 Universities along with NHC

Duolingo Implements a Successful TikTok Viral Strategy Using Its Mascot

"Introduction to Linux" Course, With One Million Learners, Launches a Version in Spanish

A Growing Digital Skills Crisis: A Majority of the Workforce Feels Unprepared

A survey conducted by Salesforce last month based on 23,000+ workers across 19 countries reveals a growing digital skills crisis. The pandemic has accelerated this gap, addressing the need for a digital transformation. In addition, it has given businesses a unique opportunity to rethink how they connect with their employees, customers, and communities. In the research, a total of 76% of global workers say that they feel unequipped and unprepared to operate in a digital-first world. However, only 28% of them are actively seeking skills training, according to Salesforce’s 2022 Global Digital Skills Index survey. The survey also highlights a generational skills gap. Two-thirds of respondents say they’re unprepared for social media skills that the workplace will require over the next five years. Only 31% feel "very equipped" for a digital-first job right now. A recent Salesforce-commissioned RAND Europe Report estimates that 14 G20 countries could miss out on $11.5 trillion cumulative GDP growth if the skills gap isn’t addressed. This comes as emerging technologies such as blockchain, AI, and the cloud, are amplifying businesses’ demand for specific digital skills — up to 50% in Europe and the United States, according to McKinsey.  

Video Becomes the Preferred Teaching Method, States a Research

Education professionals agree that video is essential to students' academic experience. Moreover, video has become the preferred teaching method since it engages more than text-based content and increases students' satisfaction and performance. This is the main finding of a global survey done by video platform provider Kaltura across several countries, including the U.S., UK, and Germany. The research, titled The State of Video in Education 2022 highlights that the pandemic was a major accelerator for online and hybrid modalities. "It's been a paradigm shift for educators," says the research. A total of 94% of these new-to-online educators say that they will continue to use a hybrid learning model even after in-person classes resume. Respondents of the survey say they feel comfortable using video technology. In fact, they would like to see their institution use more video. "Video has clearly become intuitive and easy to use for most educators." The majority of respondents reported using video to support course delivery. Among the top uses of video are: Synchronous remote teaching and learning Supplementary course material Lecture capture Completely asynchronous courses with on-demand video and/or recorded video messages Student assignments Virtual office hours Personal introductions of teachers and/or students Flipped classrooms Student assessment Uses of video outside the classroom include: Internal staff/instructor training Recorded campus events Live campus events Internal staff communication External marketing Library media collections .

Coursera Doubled Its Losses in 2021 While Valuation Decreased in Half

The President of MIT, Rafael Reif, Will Step Down at the End of 2022

2U Inc. Reports a Loss of $194.8 Million and Revenue of $945.7 Million in 2021

The Open edX Conference Returns to In-Person Format: April 26 – 29, Lisbon, Portugal

The Open edX organization will return to an in-person annual conference after two years of virtual gatherings due to the COVID pandemic. The 2022 Open edX Conference will take place in Lisbon, Portugal, on April 26 – 29, 2022. It will be hosted by the Nova School of Business & Economics and Fundação para a Ciência e a Tecnologia (FCT). The conference will explore, according to the organizers, "the future of work and how open technology can be leveraged to up-skill, re-skill, and deliver life-long learning to employees and students alike." Attendees will explore innovations and advancements in technologies and instructional design and course creation, along with new features pertaining to the Open edX platform. The names of keynote speakers and conference presenters will determined this month. Developers interested in speaking can submit their presentation idea. Call for Proposals — for a 45-minute breakout session, a 10-minute lightning talk, or a 90-minute or 3-hour tutorial/workshop — will be open until February 20th, 2022. .      

A Research Suggests that Career-Connected Learning is the Key for the Job-Skills Crisis

Almost one-third of all jobs worldwide — over 1 billion jobs in total — will be transformed by technology in the next decade. Millions of jobs will be displaced, but millions more will be created. Those new jobs will pay more and offer better career opportunities. The fastest-growing job categories are six times more likely to pay over $100,000 than the slowest-growing categories. That's the scenario forecasted on research crafted by the global consultancy firm Bain & Company on career-connected learning. The study highlights that employers are struggling to fill those jobs, and young people are struggling to access them. Bain's research also shows: For example, youth unemployment in the US is near twice the total unemployment rate. Youth underemployment—which measures the number of young people who have more education than their job requires—remains high in the US, with 40% of recent college graduates qualifying as underemployed, according to Bain & Company. Only one in five entering freshmen ultimately earn a family-sustaining wage one year after graduation. Half of the recent graduates report feeling financially stable, and two-thirds of young people feel unfulfilled in their careers or pessimistic about the future. Around 60% of good job postings — those that pay above a living wage and have limited vulnerability to automation — require at least a four-year degree, yet only about a quarter of jobs require the specific skills taught in those programs. Only 28% and 21% of US Black and Hispanic adults, respectively, own a bachelor's degree or higher, putting the majority of these populations out of the running for most good jobs. According to Boston-based Bain, career-connected learning (CCL) is the key to making those opportunities available to students who too often find access to such jobs beyond their reach. Well-designed CCL pathways close that gap by combining classroom learning with meaningful on-the-job work experience that leads to door-opening postsecondary degrees and credentials, according to the company. "It's a better, more engaging educational experience while also offering employers a sustainable, profitable way to find great talent from a deeper and more diverse talent pool," said Abigail Smith, a leader in Bain & Company's Social Impact Education practice. Some countries, such as Switzerland, Australia, Germany, and Singapore, have scaled highly effective CCL systems that are both student-centered and market-driven. They've rejected the false dichotomy between "academic instruction" and "career education" and built educational pathways that provide both while meeting the needs of students and employers alike. .  

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Online Learning Newsletter | February 2022: MIT, U-M, LMS Market, Stanford, DoD, Ellucian, Cengage, Pearson…

Google Will Support "Responsible AI" Courses Developed by 15 Universities along with NHC

Duolingo Implements a Successful TikTok Viral Strategy Using Its Mascot

"Introduction to Linux" Course, With One Million Learners, Launches a Version in Spanish

A Growing Digital Skills Crisis: A Majority of the Workforce Feels Unprepared

Video Becomes the Preferred Teaching Method, States a Research

Coursera Doubled Its Losses in 2021 While Valuation Decreased in Half

The President of MIT, Rafael Reif, Will Step Down at the End of 2022

2U Inc. Reports a Loss of $194.8 Million and Revenue of $945.7 Million in 2021

The Open edX Conference Returns to In-Person Format: April 26 – 29, Lisbon, Portugal

A Research Suggests that Career-Connected Learning is the Key for the Job-Skills Crisis

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