Online education is exciting.
We have an opportunity to break hundreds of years of learning models and educate billions of people.
Let’s discuss some of the opportunities with online training.
First, 90% of colleges today are bankrupt. They don’t know yet.
Why do I say this?
For starters, if you’re not in the top 1-5% of branded universities then you are not differentiating yourself from other institutions. The best metric here is an endowment for major universities. These are the resources to invest in infrastructure, buildings and technologies that students need to learn.
It’s most applicable in the sciences.
But if you’re learning history, English, accounting and business, education has been pretty much the same for decades. Sure they’re small updates here and there but nothing significant.
In fact, I don’t think a business student should pay the same amount for an accounting class as he or she does for a medical class. It doesn’t make sense.
So what advancements will we see here?
I think cohort learning will be the biggest trend. This is a small group of active individuals learning in a community. It’s smaller than a classroom and more effective for continuous learning.
Next specific teachers will train millions of students as opposed to thousands of students.
We’re already seeing this and Southeast Asia today. Some professors are even making millions of dollars by teaching the same subject over and over again online.
But the biggest advancement will be in virtual reality.
The ability to walk into a digital classroom and speak with a simulated professor is priceless. You no longer will have to go to a scheduled class and learn at an inconvenient time. You can now take a class at 10 a.m., stop for 15 minutes and rejoin later that evening.
The big difference will be the access to a professor one-on-one in the virtual world.