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.
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