13 MOOC Megatrends - June 2014
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Copyright 2014 CapitalWave Inc. All Rights Reserved.
13 MOOC Megatrends MASSIVE, OPEN, ONLINE COURSES IN CORPORATE LEARNING
Bryant NielsonExecutive Director & Founder
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
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)
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
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
Copyright 2014 CapitalWave Inc. All Rights Reserved.
13 MOOC Megatrends A NEW DIGITAL LEARNING ENVIRONMENT
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/
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/
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/
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/
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/
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/
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/
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/
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/
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/
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/
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/
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/
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
Copyright 2014 CapitalWave Inc. All Rights Reserved.
Year of the MOOC?
November 2, 2012
January 16, 2013
March 6, 2014
Copyright 2014 CapitalWave Inc. All Rights Reserved.
Technology Enabled learningCapitalWave Inc.www.CapitalWave.com and www.CapitalWave.net
Bryant NielsonExecutive Director & Founder bryant.nielson@capitalwave.com
bryant.nielson
/bryantnielson
/CapitalWave
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