LEARNING IN THE AGE OF DISRUPTION
IFC Education webinar series addresses topics in private education, with a focus on digitalization. The purpose of the series is to share with a global audience of private education leaders the trends in the sector in the post COVID-19 environment, bringing together key global decision-makers charting new directions for private education in emerging markets.
Please watch video recordings of the past webinars in the series and check out the schedule of upcoming webinars.
This flagship event was jointly organized by the International Finance Corporation (IFC) and Tecnológico de Monterrey (Tec) and is part of IFC’s Learning in the Age of Disruption webinar series. Attendees had a unique opportunity to hear about Tec de Monterrey’s ambitious academic reform project, Tec 21, and the recent steps it has undertaken to respond to the COVID-19 pandemic, as reflected in its HyFlex+TEC strategy. The event included the presentation of IFC’s Case Study “Breaking Paradigms to Develop Leaders for the 21st Century Tec de Monterrey: How a Top University in Mexico Radically Overhauled its Educational Model”.
Higher education is being transformed by COVID-19. As the world continues to grapple with the pandemic and the resulting economic shockwaves, tertiary education providers are trying to plan for a ‘new normal’ that relies on digital practices. To better understand how this is reshaping higher education, both in the near and medium term, IFC, in association with L.E.K. Consulting’s Global Education Practice, conducted an extensive survey of providers and students around the world. Thirty-five higher education institutions and more than 17,000 students were interviewed about the impact of the pandemic on the provision of education and students’ educational experience. In the third webinar in our IFC Education Webinar Series, we shared the results and insights gained from this study. The authors were joined IFC’s education experts to discuss which regions adapted best to digital learning, which digital tools saw the greatest uptick in use, and how this ongoing experience may shift demand for in-person, online, and blended learning.
As COVID-19 radically reshapes how higher education is delivered, universities globally face two existential challenges: how to provide a high quality, socially distant learning experience, and how to develop a viable business model amid growing calls for greater affordability. Brazilian university Anima, an IFC client that provides blended in-person and online education for 140,000 students, offered answers to these questions drawn from on-the-ground experience, in this second in IFC’s Education Webinar Series.
While many higher education institutions have struggled to keep pace with the sudden changes necessitated by the pandemic, Anima has placed itself at the vanguard driving them. It has made optimal utilization of digital technologies and social media platforms to maintain quality of instruction and forged partnerships providing students with sustainable financing options and more affordable Internet access. In this session the company leadership presented the innovative solutions they have created, shared lessons learned, and discussed overall sector trends. The presentations were followed by a brief, curated question-and-answer session moderated by IFC Education Specialists Juliana Guaqueta Ospina and Mohammed Khan.
IFC’s new Learning in the Age of Disruption webinar series launched on July 8 with a virtual event featuring Patrick Brothers the Co-CEO and Co-Founder of HolonIQ, a premier source of education intelligence. This webinar, which focused on the development and deployment of technology in the education sector, was attended by over 350 global education leaders, many of whom work in emerging markets.
The webinar, called The Anatomy and Future of Digitalization and Global Technology in Education, was chaired by Salah-Eddine Kandri, Global Sector Lead of Education, and moderated by Alejandro Caballero, Principal Education Specialist with the IFC. The main speaker, Patrick Brothers, has over 14 years of market intelligence and development experience and 6 years of dedicated education intelligence background. Brothers shared HolonIQ’s insights on the current state of education digitalization and technology development and how this has been impacted by COVID-19, the investment landscape of EdTech companies, and several potential scenarios for the future of education. HolonIQ organizes these trends in its Global Learning Landscape and Taxonomy webpage.
As Brothers pointed out during the event, while global education expenditure in 2018 was US$5.9 trillion, only around 3% of that spending was on education technology. This is expected to grow to more than 4% by 2025 based on several digital and educational trends. Meanwhile, in 2019, USD 7 billion was invested globally in EdTech and there has been a rapid growth, even prior to COVID-19, of Online Program Managers (OPMs), Pathways, and Bootcamps, which had a 25% compounded growth rate between 2008-2019. Participants in the webinar had the opportunity to learn about and discuss HolonIQ’s proprietary global scenarios for education. Attendees generally were in agreement that mass adoption of peer to peer learning models and regional educational alliances are the most likely future scenarios.
For more information please see the attached presentation or reach out to Alejandro Caballero at email@example.com