How the MOOC (Massive Open Online Course) market is impacting corporate training? This presentation provides 13 Megatrends that CapitalWave believes will be the trends and impact of the MOOC market on corporate training, recruiting, and skills development.
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13 MOOC Megatrends
MASSIVE, OPEN, ONLINE COURSES IN CORPORATE LEARNING
Bryant Nielson
Executive Director & Founder
2. Copyright 2014 CapitalWave Inc. All Rights Reserved.
Who Are We
• International provider of Wealth & Capital Market training, leader in
simulation platform development for training in the financial
markets, and strategic developer of academic events.
Offering
• Global Markets Academy
• Investment Management Academy
• The Operations Academy
• 6 simulation platforms covering the financial markets
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A Brief History of MOOCs
MOOC is the acronym for “Massively Open Online Course”
ALISON
Rise of the MOOC
2008 Uni of Manitoba – Connectivism and Connective Knowledge
2006 KahnAcademy
2011 Stanford University – Intro to AI
2011 Udacity
2011 Coursera
2012 edX
2012 Global Academy (targeting High School SAT students)
4. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Learning Framework
Online Video Training – by subject matter experts
Rich media – PDF’s, Word docs, Excel, PowerPoint, audio
Social Media
Assessments / Examinations
Badges / Certifications
Discussion Forum with Instructor Engagement
Online assignments and
Peer collaboration
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MOOC Values to Companies
Changes training economics
Provides responsive and low cost professional content
Enables self-development
Allows for Learning & Development teams to develop new forms of
content
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13 MOOC Megatrends
A NEW DIGITAL LEARNING ENVIRONMENT
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MOOC Megatrends #1
Adoption at Corporate Universities
Collaborative company-wide learning
Both in-house and Licensed courses
Training integrated into work
Lowers overall training costs
Provides staff great flexibility
http://www.yourtrainingedge.com/megatrends-in-moocs-1-adoption-at-corporate-universities/
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MOOC Megatrends #2
Facilitating Learning Organizations
Corporate Learning is informal
Promote and reward expertise
Unleash the power of experts
Demonstrate the value of formal training
Allow for people to make mistakes
http://www.yourtrainingedge.com/megatrends-in-moocs-2-facilitating-learning-organizations/
9. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Megatrends #3
Competency-Based Training Model
It is cost-effective, goal oriented and productive
It targets specific training needs
It standardizes performance
It improves the quality of product and services
Creates a verified certificate program
Provides direct assessment
http://www.yourtrainingedge.com/megatrends-in-moocs-3-updating-the-competency-based-training-model/
10. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Megatrends #4
Micro Learning Paths
Short videos and other learning resources
Spaced repetition and practice activities
Communication and collaboration platforms
Credentials and gamification
http://www.yourtrainingedge.com/megatrends-in-moocs-4-microlearning-paths/
11. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Megatrends #5
Lifelong Learning
Weekly lunch and learns
Training budgets and tuition reimbursement
Set specific learning goals
Distribute books to read
Acknowledge the results
http://www.yourtrainingedge.com/megatrends-in-moocs-5-lifelong-learning/
12. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Megatrends #6
More Social, More Collaborative
98% of corporate leaders agree that social
media is changing how employees learn
81% agree that social media is value to the
learning experience
90% said that they encourage and support
informal learning
http://www.yourtrainingedge.com/megatrends-in-moocs-6-more-social-more-collaborative/
13. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Megatrends #7
Gamification
Benefits to gamification for organizations
Keeping staff coming back to the learning portal
Recognizing training efforts
Identifying experts and facilitating knowledge sharing
Defining your ‘monetization’ strategy
Focus on content mastery and not game play
Make sure the games translate to the real world
Think outside the game box
http://www.yourtrainingedge.com/megatrends-in-moocs-7-gamification/
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MOOC Megatrends #8
Mobile Learning
91% of all US adults own a cell phone
63% use their phone to go online
Mobile users are more likely to engage in
collaboration and peer learning
Mobile learning leads to increased motivation
to learn
Millennial’s now make up more than 1/3 of the
workforce
http://info.shiftelearning.com/blog/bid/331987/Mobile-Learning-Stats-that-Will-Make-You-Rethink-Your-Training-Strategy
http://www.yourtrainingedge.com/megatrends-in-moocs-8-mobile-learning/
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MOOC Megatrends #9
Flipping the Classroom
Flipping class time
Integrating technology into the course
Hands on activities in the class
Flipping class focus
From Instructor focus to student focus
Ideal framework for adoption
Personal networks
Create, curate, and share resources
http://www.yourtrainingedge.com/megatrends-in-moocs-9-flipping-the-mooc/
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MOOC Megatrends #10
Changing the Role of the Instructor
21st Century Training
Allowing instructors to spend less time on
content creation
Providing more time for instructors since they
are not providing repeatable deliveries
Allowing to spend more time on: assessments,
remediation and ensuring that the training is
real, meaningful and actionable
http://www.yourtrainingedge.com/megatrends-in-moocs-10-the-changing-role-of-the-instructor/
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MOOC Megatrends #11
Alternative Credentials
Verified certificates
Course sequences
Digital badges
Digital portfolios
12st century transcripts
http://www.yourtrainingedge.com/megatrends-in-moocs-11-alternative-credentials/
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MOOC Megatrends #12
Training Millennials
33% of the workforce in 2014
More than 50% of the 18-24 yr old view
MOOCs positively about a company
Just under 50% of the 25-34 yr old view
MOOCs as a draw to work at a company
70% of the 18-34 yr old would participate
in a company sponsored MOOC
Only 30% of the same group viewed eLearning positively
http://www.yourtrainingedge.com/megatrends-in-moocs-12-training-for-millennials/
19. Copyright 2014 CapitalWave Inc. All Rights Reserved.
MOOC Megatrends #13
Relationship Builders
MOOCs foster relationships within organizations
Institutions can use MOOCs to reframe and
re-energize the missions.
MOOCs offer the ability for continual learning
Allowing for employees to collaborate, discuss,
and create personal learning networks that
drive learning and innovation
Allows companies to develop relationships with
new and potential employees
http://www.yourtrainingedge.com/megatrends-in-moocs-13-moocs-as-relationship-builders/
20. Copyright 2014 CapitalWave Inc. All Rights Reserved.
Challenges for MOOCs
Interest is increasing
70% of Bersin by Deloitte members are interested in exploring the use
of MOOCs for corporate training
Awareness is low
69% of executive ed participants have never heard of MOOCs
Experience is rare
only 7% of organizations surveyed by Deloitte are using them for
employee learning… but 31% plan to
Bernsin by Deloitte – December 10, 2013
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Year of the MOOC?
November 2, 2012
January 16, 2013
March 6, 2014
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Technology Enabled learning
CapitalWave Inc.
www.CapitalWave.com and www.CapitalWave.net
Bryant Nielson
Executive Director & Founder
bryant.nielson@capitalwave.com
bryant.nielson
/bryantnielson
/CapitalWave
Notas do Editor
MOOC is the acronym for “Massively Open Online Course”
ALISON – Advance Learning Interactive Systems Online 2007 – Mike Feerick
2008 University of Manitoba – Connectivism and Connective Knowledge – taught by George Siemens and Stephen Downs. 25 paying students and 2200 non-paying students
2011 Stanford University – Introduction to Artificial Intelligence – 160,000 enrolled students
2011 Udacity – Sebastian Thrun (teach of the AI course from Stanford)
2011 Coursera – Daphne Koller and Andrew Ng (teacher from a quickly launch MOOC course at Stanford University)
2012 edX – a JV between MIT, Harvard, UC-Berkeley, Uni of Texas system, Wellesley College and Georgetown University
2012 (November) University of Miami launched a HIGH SCHOOL MOOC as part of its “Global Academy”
Now we have a proliferation of MOOCs: Canvas, Udemy, iTunes, iversity, Eliademy, OpenLearning, FutureLearn and the list keeps growing.
NYT points
edX has 370,000 students
Coursera has 1,700,000 students
Udacity
YTE – year of the Corporate MOOC
New York Times – November 2, 2012
edX has 370,000 students
Coursera has 1,700,000 students
Udacity
InformationWeek – January 16, 2013
Your Training Edge – March 6, 1014
YTE – year of the Corporate MOOC
New York Times – November 2, 2012
edX has 370,000 students
Coursera has 1,700,000 students
Udacity
InformationWeek – January 16, 2013
Your Training Edge – March 6, 1014
YTE – year of the Corporate MOOC