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Moore’s Law, the doubling of computing power every 18 to 24 months, is changing life as we know it.
The convergence of exponentially growing technologies such as artificial intelligence, blockchain, virtual and augmented reality, genomic sequencing, biometrics, the internet of things, data analytics and more will threaten the upheaval of almost every industry in the next 10 years.
It seems like just yesterday that we were listening to iTunes on our iPods but today we’re far more likely to be listening to Spotify on our smartphones and in the near future it will become normal to ask Alexa things like “play that song from the Breakfast Club” and using AI it will determine that ‘that song’ means the SImple Minds’ hit, Don’t You Forget About Me.
The decrease in time between disruptive innovations such as these is seeing the average lifespan of large organisations stripped from 60 years in the mid-20th Century to just 15 years to day and it is predicted to hit 10 years by 2030. In fact, more than 50% of today’s S&P500 will be replaced in the next 10 years at current rates of churn.
So what does this mean for education?
Our education system was borne out the industrial revolution in which we developed workers to play roles. Moore’s Law was in its infancy so its impact was hardly felt. As such, we sent students to complete degrees which took several years and then expected them to play a particular role for the rest of their lives.
However, today somebody will perform a particular role for the rest of their lives, let alone complete a four year University degree, without technology changing the world around them in the interim is simply not conceivable.
Many University degrees are redundant by the time a student completes the required coursework and the instance of this will only become greater in coming years.
In the corporate world this problem is even more pronounced with corporate education and professional development offerings are often limited to compliance exercises that serve to protect the company more than develop the employee. What will protect companies most however is an adaptable workforce that is constantly learning what they need to best apply themselves in today’s fast changing environment.
What people need to survive and thrive in a fast moving 21st Century if adaptable, just-in-time education. Learn only what you need to know, when you need to know it so that you can effectively perform that task you need to do today.
Collective Campus focuses on providing corporate education on emerging skill-sets, creativity, innovation and technologies in short, high impact and flexible courses that can be completed face to face, online or through blended delivery models.
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