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The education landscape has changed dramatically in the last few years. Traditional institutions are facing rapid economic challenges as well as a growing demand to prepare students for social change, new jobs and technological appearances. According to the World Economic Forum’s The Future of Jobs Survey 2020, by 2025, 85 million jobs could be displaced due to changes in the division of labor between humans and machines, while 97 million new roles could emerge that fit the new division. Labor between man, machine and algorithm.
That means change is inevitable.
Here’s a look at what the future holds for education and what five major trends students, educational institutions and EdTech startups should be prepared for in the same way.
1. Creating interaction between students and professors is crucial
MOOCs (Massive Open Online Courses) have grown rapidly in recent years and continue to grow. Their easy availability and flexibility have engaged millions of students. Despite MOOC’s growing popularity, they have faced many challenges – including huge dropout rates, which vary between 91% and 93%, according to a survey. Open Computer Science Journal
According to the survey, feelings of isolation and lack of real-time collaboration with mentors both contribute to higher dropout rates. This is why it is important to build strong teamwork as well as interact with professors to discourage students and prevent them from dropping out.
The future for courses and EdTech startups that create an environment where a team of teachers and mentors will help students along the way.
2. Employment is a key outcome of education
Education for a diploma, for a line in a CV, or bragging about rights is a thing of the past. In a rapidly changing world, people need real practice – and ideally, to practice while studying. Courses that understand this will have a better position. But how do you implement this strategy? Try to create a testing environment where students will be given jobs by learning, performing and getting feedback from real brands and companies.
Education should be constantly updated and adapted to the needs of the market. The final educational outcome is employment, not a diploma or certificate.
So, in addition to providing the necessary up-to-date skills, EdTech startups should teach their people how to market themselves to employers, write a CV, conduct themselves in an interview, and evaluate their work. Employees should attend interviews at different companies and find out for themselves what the employer needs, then startups should adapt the curriculum to those expectations.
Income Share Agreement (ISA) courses are also becoming increasingly popular. This means that a student, instead of paying for tuition, pays the cost of the course after graduation with a percentage of salary for the required period of time until the agreed amount is paid. This is a huge motivation to focus more on the results of EdTech startups.
Related: How Edtech helps students get better job opportunities
3. ‘Edutainment:’ A mixture of education and entertainment
Another way to increase engagement in the learning process is to add some recreational elements. After all, who says adults don’t like games? Generations Y and Z grew up in Dandy Games, Tetris and Tamagochi. Some still do not mind playing tanks or saving the planet from zombie attacks, while others build a new home with the enthusiasm of a game on The Sims. So why not make education interesting?
The size of the education market is expected to exceed $ 10.11 billion by 2025 at a compounded rate of 11.61%, according to a comprehensive research report by Market Research Future.
Related: Edutainment: How Virtual Reality is disrupting the education sector
Educational systems outside and inside the classroom are common and exist in a variety of media. Encouragement of personalized learning, enhancement of visualization and creativity, greater awareness of theoretical subjects, real-time learning and the benefits of paperless learning are some of its benefits.
Education should be multi-format (such as video, games, text, audio, social media and interactive activities), and students should be able to study not only at home but also on the street. Educational startups need to think about how to adapt content to the layout of each site, which leads to increased efficiency.
4. Updating employee talents and skills
Education needs to be integrated into work routines, and companies must now focus on upgrading their employee skills – because over the next five years, employee skills and roles will change dramatically, and it’s important to be prepared for that.
According to the Futures of Jobs report, employers expect to offer rescilling and upskilling to an average of only 70% of their employees by 2025. At our Refocus company, executives spend at least an hour a day reading books, as this helps them switch operations, look at the situation from a different perspective, and zoom out.
5. Networking as a part of the educational process
Future education should provide impressive networking for alumni. Based on the Great Business School 2021 study, 46% of job seekers find jobs through traditional networking. In addition, at least 70% of jobs are not published online, yet most people spend 70% to 80% of their time scanning through digital job boards and talking to employers in person.
EdTech companies should therefore hold regular live meetings where students, alumni and employees can exchange experiences, collaborate and collaborate.
By 2030, about 800 million people will be unemployed due to robotics and automation, according to research by McKinsey & Company. This is why education startups and institutes now need to adapt their curricula to new challenges so that they can focus on more practice and employment.
Related: 6 Tips for Getting a New Job