Online Pillar 3: #Education

Students don’t need to attend formal classes anymore – they can YouTube a tutorial, sign up for a MOOC, watch a TED talk, Google the answer to a question, or research a Wiki entry. And that’s just the free stuff. Online seminars and workshops, especially in the area of software programming and code writing, are big business; and even vocational courses are looking to deliver more content via the web.

This week is the final part in my mini-series on the Three Pillars. (See Health and Finance.) Of the three, Education has probably done the most to embrace online – it’s certainly been at the forefront of the Internet and the web, both of which have their roots in academia. Yet of the three, it is the one vertical segment that is most vulnerable to disruptive technologies and changing business models.

Lifelong learning is going to become vital in keeping ourselves informed, skilled, up-to-date, relevant and employable (whether as hired labour or as self-employed freelances). Even in retirement, services like the University of the Third Age (U3A) can help in maintaining our mental wellbeing.

Few of us establish long-term relationships with schools or educational establishments we have attended – at best, we may join an alumni group, but in my experience, many such organisations are designed around fund-raising activities, “old boy” networks, quasi-masonic rituals and/or sadomasochistic memory recall at the annual reunion; and they don’t do so well when former students become increasingly mobile in the global workplace. On the other hand, the ability to attend so many different educational establishments and be exposed to different types of education services makes for a richer learning experience.

Online academic reference and research services have been around since the 1980s, and it’s now possible to source post-grad dissertations and PhD papers via vast online library databases. Part of this is driven by the academic need to “publish or perish”, part by changes in the publishing and information industry, part by the need to foster collaboration via better dissemination of primary research.

For myself, I participated in my first online seminar about 15 years ago, and webinars are commonplace for professional development, distance learning and collaborative projects. I have also enrolled in online tutorials for one-off courses on very specific topics – less about getting a qualification, more about enhancing my knowledge.

Students today, including those in primary and secondary education, are expected to participate online, even though they may still attend daily “in person” classes:

  • tablet devices are mandatory – for access to textbooks, and for managing assignments
  • students interact with their teachers and classmates via Learning Management Systems
  • undergraduates are expected to develop online CVs as well as use dedicated social media platforms run by their colleges
  • ebooks are capable of being personalised and customised – e.g., uploading your own notes, accessing peer comments, and interacting with teachers

Mass Open Online Courses (MOOC) are a logical extension of the webinar model – but of course, you don’t get the same certificate or diploma you would receive (assuming you get one at all) if you had enrolled for the class, completed the assignments and passed the exams. Some universities and colleges license their content (syllabus and curriculum) for local delivery by another institution – a bonus for students in remote locations, or unable to access more expensive colleges. Maintaining the integrity and quality of this “distributed” learning is still a challenge, and mutual recognition of qualifications (as well as certification and authentication) may yet be a barrier to student mobility.

Recognition of prior learning is a key feature of vocational education – but I can see a demand for more services that help me validate what I know and what I have learned (in the absence of a formal qualification) as well as helping prospective employers in candidate selection. There are also challenges in monitoring mandatory Continuing Professional Development (CPD), especially in areas such as health services, where even relatively junior nursing and ancillary staff in hospitals are required to maintain an online learning diary or journal as well as evidence of training completion and competence. (Question: who would be responsible if a nurse engaged by a hospital via a labour service provider failed to maintain currency in patient care, resulting in avoidable harm?)

Ultimately, the role of lifelong learning is in helping to plan, manage and develop our careers. Just as we might have a financial plan (to prepare for the future), and we would expect to manage our health (via regular check-ups and preventative measures), why wouldn’t also have a career plan, supported by a learning pathway? And if we are increasingly comfortable accessing content via mobile apps and the web, why wouldn’t we expect to pursue our learning needs online as well?

Next week: Another #co-working space opens in #Melbourne

If it seems too good to be true, then it must be!

As someone who commissioned one of the first books on advance fee fraud (sometimes called ‘Nigerian 419’ scams) nearly 20 years ago I find it staggering that people are still being sucked into these ‘get rich quick’ schemes.

While ‘advance fee’ is a particular type of bank fraud, those spammy and ubiquitous e-mails offering you fantastic sums of money in return for simply providing your personal details (and/or a small upfront payment and the ‘loan’ of your bank account) are among the more common form of financial scams on the Internet.

In most cases, the perpetrators (often posing as government officials, lawyers, bankers or accountants) claim to have unique access to enormous funds which need to be transferred out of their country of residence – usually in the context of foreign trade, bank deposits, bequests or international loan transactions. More recently, I have seen attempts to ‘liberate’ the proceeds of deceased estates where there is no legitimate heir.

Advance fee fraud scams should seem obvious by now, and hopefully recipients are wiser about these dubious offers to make them wealthy beyond their wildest dreams. Yet, I can’t help feeling these predatory fraudsters are merely an extreme version of the contemporary snake oil salesmen that inhabit the business world today.

This thought occurred to me, as I was reading about how one self-made millionaire had built his fortune – and, just by following his ‘system’, anyone could do it too. The images used to accompany the article emphasised the material trappings associated with this wealth, as if to reinforce the message: “You too can have a lifestyle like mine.”

Other variants of these ‘get rich in 10 easy lessons’ programmes are business ownership opportunities (mostly outsourced telesales operations), seminars on how to flip real estate (some of which are now illegal unless provided by licensed financial planners), and courses where you learn to build websites for clients (but your only customers end up being people who want to learn to build websites for their clients….).

Call me sceptical, but many of these ‘systems’ are merely pyramid sales schemes (sorry, MLM plans) masquerading as ways to “Be your own boss and kick the 9-5 routine”. Sure, some of these programmes may be free to access, but the likelihood is that the person offering ‘valuable’ business insights on how you can make your fortune is making their money from ‘selling’ the programme to you (via third-party advertising, sponsorship, speaking engagements, etc.).

If these insights are so valuable, why are they giving them away?

 

Smart Designs: 5 Trends for Digital Products

There are 5 key themes emerging in new digital products* that are grounded in the analogue world. It seems designers and developers are having to find ways to embrace analogue once more, and integrate it into digital solutions. While not everything old is new again, there are some distinct echoes of the past in many of these new developments.

Eno Hyde - Someday World

#1. Revivalism

Sony is reviving magnetic tape as a data storage medium – prompting some pundits to suggest that cassettes might be making a comeback. (Not if the participants in this video have their way…..) Interesting to note that tape storage is far more energy-efficient than traditional hard drive storage. And last week, Telstra announced the development of a major public Wi-Fi network which sounds like the stuff of the future, but looks back more than 25 years, with the launch of Telepoint services.

#2. Hybridisation

The combination of analogue and digital technologies** is not new (remember the Advanced Photo System and the Digital Compact Cassette from the 1990s?). But modern polymath Brian Eno and his latest musical collaborator Karl Hyde have just put out an iOS app that is designed to interact with the vinyl edition of their new album, “Someday World”. It’s not quite augmented reality, but the app uses that concept to project animated graphics to accompany the music when the user points the iPhone’s camera at the record label.*** This could just be the first example of making the vinyl record a digital artefact!

#3. Simulation

As someone who dabbles in iOS music apps (as well as beta-testing a few in my spare time), I have become used to replicating the analogue experience of old-school analogue synthesizers and drum machines on my iPhone and iPad. This has now been taken a step further with the launch of the iVCS3, an iPad version of one of the first portable analogue synthesizers from the late 1960s (an instrument made famous by The Who and Brian Eno, among others). A notoriously difficult piece of hardware to operate, it is almost the antithesis of digital predictability, yet makes perfect sense in the digital context when simulated via the touch screen interface of the iPad.

#4. Sensorial

Despite some concerns about smart phone biometric security tools, the use of biometrics in banking is a near certainty. Sensory-based smart phone applications and add-on devices in the areas of health (diagnostics), the environment (air quality monitoring) and even cooking (taste tests) will soon be commonplace.

#5. Interconnectivity

The Internet of Things is starting to get interesting (beyond the fridge that can do your grocery shopping), especially when combined with robotics (although this April fool spoof from Sphero was probably a bit too real for comfort….). A couple of physical devices that could find extended use when hooked up to an internet connection are the Auug (featured in the new Apple ads) and the SwatchMate Cube (a winner in the 2013 Melbourne Design Awards). For example, the Auug could be used in remote control or simulation applications, while SwatchMate could be modified to analyse surface materials beyond their colour properties.

NOTES

* I’ve been re-reading “Grounded Innovation: Strategies for Creating Digital Products” by Lars Erik Holmquist which has helped shaped some of my thinking on this topic.

** I thought I may have invented a new word as a possible title for this blog – Digilogue – until I came across this book. (But I took heart from the fact that the author, futurist Anders Sorman-Nilsson, like me also holds an LL.B.)

*** If you install the app and point your iPhone camera at the picture below, it should also have the same result as scanning the record label itself:

WARPLP249-Label

 

Dawn of the neo-meta-banks

Digital is redefining the way we interact with money. While online banking is nothing new, virtual currencies are getting big enough to attract the attention of regulators. Mobile phones are becoming payment gateways and POS terminals; meanwhile, stored value and pre-paid debit cards are more ubiquitous than cheque accounts. (In Hong Kong, the Octopus card originally introduced as a payment system for public transport, then extended to small purchases like coffee and newspapers, has now launched a dedicated mobile SIM card.)

Last year, Wired magazine predicted that tomorrow’s banks will resemble Facebook, Google or Apple. And of course, PayPal is owned by eBay, so it sort of makes sense that tech giants with huge customer bases conducting millions of online and mobile transactions would be the source of new banking services. For example, earlier this month, online banking start-up, Simple was sold to a Spanish bank for $130m, even though it is not really a “proper” bank – more a banking services provider – because it had managed to attract customers who don’t want to deal with a “traditional” bank.

But where are the non-traditional banks and virtual financial services providers of the future actually going to come from?

The answer could be the People’s Republic of China.

Last week, it was reported that local tech companies Alibaba and Tencent will be included in a pilot scheme to establish private banks in China. The news should not be that surprising – Alibaba, for example, has already been using its experience and knowledge as a trading and sourcing platform to provide small-scale loans and export financing to Chinese manufacturers, funding production to fulfil customer orders. A few years ago I had the opportunity to visit Alibaba’s headquarters in Hangzhou, where I met with a team working on credit analysis and risk management for this micro-financing business, drawing on data insights from the payment history and transactional activity of their SME clients. It was certainly impressive, and my colleagues and I were left in no doubt that there was every intention to take this expertise into a full-blown banking vehicle.

However, this being China, it’s not quite as straightforward as it seems. Just a few days after the private bank pilot was announced, the People’s Bank of China suspended a mobile payments system used by Alibaba and Tencent.