13 mooc megatrends - june 2014

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Copyright 2014 CapitalWave Inc. All Rights Res 13 MOOC Megatrends MASSIVE, OPEN, ONLINE COURSES IN CORPORATE LEARNING Bryant Nielson Executive Director & Founder

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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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Page 1: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

13 MOOC Megatrends MASSIVE, OPEN, ONLINE COURSES IN CORPORATE LEARNING

Bryant NielsonExecutive Director & Founder

Page 2: 13 MOOC Megatrends - June 2014

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

Page 3: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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)

Page 4: 13 MOOC Megatrends - June 2014

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

Page 5: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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

Page 6: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

13 MOOC Megatrends A NEW DIGITAL LEARNING ENVIRONMENT

Page 7: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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/

Page 8: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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/

Page 9: 13 MOOC Megatrends - June 2014

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/

Page 10: 13 MOOC Megatrends - June 2014

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/

Page 11: 13 MOOC Megatrends - June 2014

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/

Page 12: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

MOOC Megatrends #6

More Social, More Collaborative

98% of corporate leaders agree that socialmedia is changing how employees learn

81% agree that social media is value to thelearning experience

90% said that they encourage and supportinformal learning

http://www.yourtrainingedge.com/megatrends-in-moocs-6-more-social-more-collaborative/

Page 13: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

MOOC Megatrends #7

GamificationBenefits 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/

Page 14: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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 theworkforce

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/

Page 15: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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/

Page 16: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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/

Page 17: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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/

Page 18: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

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 viewMOOCs as a draw to work at a company

70% of the 18-34 yr old would participatein a company sponsored MOOC

Only 30% of the same group viewed eLearning positively

http://www.yourtrainingedge.com/megatrends-in-moocs-12-training-for-millennials/

Page 19: 13 MOOC Megatrends - June 2014

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/

Page 20: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

Challenges for MOOCs

Interest is increasing70% of Bersin by Deloitte members are interested in exploring the use of MOOCs for corporate training

Awareness is low69% of executive ed participants have never heard of MOOCs

Experience is rareonly 7% of organizations surveyed by Deloitte are using them for employee learning… but 31% plan to

Bernsin by Deloitte – December 10, 2013

Page 21: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

Year of the MOOC?

November 2, 2012

January 16, 2013

March 6, 2014

Page 22: 13 MOOC Megatrends - June 2014

Copyright 2014 CapitalWave Inc. All Rights Reserved.

Technology Enabled learningCapitalWave Inc.www.CapitalWave.com and www.CapitalWave.net

Bryant NielsonExecutive Director & Founder [email protected]

bryant.nielson

/bryantnielson

/CapitalWave