Industry and Sector Case Review Education Sector

Industry and Sector Case Review 

Education Sector 

Heba Khashogji 

Georgetown University 

Background

To give a background, I would use Andreas Schleicher’s (2017) words (the Director for Education and Skills at the OECD) when he saidstated that, “We are facing unprecedented challenges – social, economic, and environmental – driven by accelerating globalization and a faster rate of technological developments.” One can understand that Education plays a primary role for (Schleicher, 2017).  That what may make the education considered as the main tool for building a better future. Building on that, we have to have acquire the best tools for dealing withto prepare for the future.  and to be prepared for that. From my perspective, these limited attempts to evaluate, predict, and forecast which was  the prediction and forecasting means used in the concurrent articles, views, and papers will be so crucialimportant for gaining the opportunities for human advancement. 

Introduction

First of all, let me explain that I ha’ve selected the field of “Futures and Predictions of the Education Industry” because of my close relations for years to the education sector. Secondly, secondly, I believe in what MalcolmMalcom X in Juma (2020) had said decades ago, describing the EducationEducation as “the passport to the future, for tomorrow belongs to those who prepare for it today.”  –“ (Juma, 2020), Tthus, I ha’ve reviewed the ten suggested stories in a quick reviewing to find that the  article titled  the one titled “Future of Humans, Changing Lifestyles, Rising Opportunities, What Will Education Look Like in the Future?” as an excellenta good example onof how these kindsthese kind of papers may help in giving a better understanding about the predictions and forecasts for the Knowledge- Economy and how it impacts  on our future.

In a thorough look, the researcher can find that the said article was about building predictions and forecasts exploring the future trends, discussing what may happen over the next 30 thirty years, conceding the democracy growth, which will take placetake a place alongside with a massivehuge contractual shifts. TheAlso, the article was also focusing on “The Fourth Industrial Revolution—powered by automation and connectivity and the environmental credit crunch” that “will dramatically alter the way the global economy works.””. Similarly, it noticed that knowledge gets outdated sooner, and working lives grow longer.

What will Educationeducation look like in the future? “Future of Humans, Changing Lifestyles, Rising Opportunities, What Will Education Look Like in the Future?” 

Understanding the economic changes and shifts

TheThe nature of the business’s naturebusiness in the selected paper is Education and Technology during and beyond the FourthForth Industrial Revolution. According to the World Economic Forum, The Fourth Industrial Revolution represents a “Fundamental change in howthe way we live, work, and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second, and third industrial revolutions.”

The paper described the current state when saying that “The university is no longer the final point of acquiring skills, as the need to learn will stretch into retirement.””.  SimultaneouslyOn the same hand, the paper explained that “The education industry has evolved from frontal teaching to a more comprehensive, less homogeneous method, and numerous products, services, and infrastructures are serving to meet the demand from this evolution.”.  Furthermore, it focused on the vitalimportant technology role by saying,; “Until recently, convening students in one physical location has been the biggest impediment to scaling Educationeducation. Today, technological developments are increasingly changing how the classroom looks and the learning delivered in it.”

Although the main paperpaper main content discussedwas discussing the same concepts thatwhich used to be embodied in Knowledge-EconomyKnowledge Economy, but it does not give any direct definition to the concept of “Knowledge- Economy.””. Instead, the authors explained the concepts of Knowledge and Technology and their impacts on the Economy through Education in many areas of the paper. Additionally, it, emphasisemphasize on the service sector as a leading sector in the developed economies, mainlyparticularly when it says, “An economy that is increasingly reliant on the service sector requires significant investment in human capital and the specialized training of workers.””.

The paper talked ondiscussed how knowledge is used in business and work by articulating that, obviously when it said, “There are some fields in which online education or education technology has been successful and can continue to grow: learning a foreign language, learning specific techniques, or delivery of some internal corporate training.” In the same direction it explained, “training (or education in general) become increasingly digitalized.””. 

On the other hand, this paper was expecting many changes synchronized with education technology developments and platforms scale globallyat a global level. Some, some clear examples of the prospected changes are: “learning will offer greater personalization, engagement, and flexibility. Through large-scale data processing, deep analysis of user behaviors, speech recognition, and automatic assessment, for example, artificial intelligence (AI) can make produce a customized Educationeducation available at a relatively low cost.”.

This paper did not “expect education technology to revolutionize traditional settings such as school classrooms or universities.”. However, the articlepaper was remindingstressed about how the developments in the education industry developments will “drive a better-educatedbetter educated population and, by extension, higher standards of living. This is essential to social mobility, productivity, and health.”

The best parts of the paper were the ones demonstrating Knowledge Growth and Investment. Reminding us with what Benjamin Franklin (1706-1790) in Juma (2020) said centuries ago, “An investment in knowledge pays the best interest.” (Juma, 2020). 

Generally, the paper has highlighted the great investment opportunities in public and private sectors through entities that provide educationeducation, training, and developmentdeveloping their employees. The paper illustrated these opportunities, including “businesses that provide educationaleducation content and technology services; providers of education finance; and companies that own, develop, and manage learning infrastructure.””. Similarly, “the changes in how we learn will open investment opportunities in EdTech companies and enabling technologies linked to AI, big data, and machine learning.””. 

In the same regards, the paper shows deep understanding to the extent “People will need to adapt what, when, and how they learn to survive and thrive in the Fourth Industrial Revolution.” Accordingly, the paper concluded that “education cannot be left to the public sector alone, whichand this opens up investment potential in both public and private markets.”

In another section ofoof the paper, it shows that the practical use of Knowledge growth in the areas of “The e-learning marketmarket for e-learning, for-profit post-secondary education, language learning, and test preparation,” which “should experience a high- teens rate of growth” according to the paper.

  Interestingly, the potential forof knowledge development and future impacts on the education industry was, clearly, highlighted in this paper. For instants, it said, “While we expect the overall education market to grow at a high-single-digit rate over the next decade, private education will expand even more rapidly as the public sector lags the rise in demand.” Once again, it said, “Accelerating technological change means postgraduate skills will have an earlier expiry date and demand workers to acquire new skills.””.

When the paper author interviewed Vikas Pota (one of the global visionaries and academic) to ask him what we willwill we learnlearned differently in the future? He answered: “I would ’d rather focus on what won’t will not change: the need for strong foundational teaching for children in core areas such as numeracy and literacy. For all the developments made in technology and availability of schooling, global benchmarks of education performance (like the PISA rankings) conclude that children are falling short of readingbeing able to read, writingwrite, and beingbe numerate. We need to focus on effectiveness in these core areas before being too ambitious about future skills or alternate means of learning.”. 

Showing great recognition to the tremendous change in the whole education system and processes, he added: ‘Education technology will likely be a more frequently used complement to the teacher—the “sage on the stage.” But the effectiveness of EdTech is just as important as the availability of it. Numerous studies, including from the OECD, suggest that education technology does not necessarily improve learning outcomes. ThroughThe value of human teachers— through personal interaction and as facilitators of group learning, the value of human teachers —shows that the future of Educationeducation lies in a mixture of technology and human inputs.”.

One of the excitinginteresting things in this article was the focus on human work and how it is howcompeting it competes with a machine. Accordingly, “learning will increasingly have to focus on flexibility, creativity and innovation, interpersonal skills, and mastery of technology” toin order to maintain the recipe for  success for businesses’ successbusinesses in this era should often combinecombining Human and Machine.

People who work in the knowledge-Technology-Education industry werewas atin the core of this paper on many levels of analysis and foresight levelsforesighting. Talking on “The Fourth Industrial Revolution, driven by enhanced automation and connectivity” and how it is “transforming various industries” is a good example. Also, it gives the Educationeducation needs to place more emphasis on developing skills that cannot be easily automatedbe easily automate in the digital era,” resulting fromas a result of this transformation.

   Although the paper was touching some very critical issues related to current and futuristic implications of EducationEducation and how it might be influenced by knowledge development and technology aspects, the story was in need to explore two other focus areas (at least from my perspective):

1. It will be more realistic to demonstrate the other face of the education status in the current world. The bright side of the education system in the OEDC countries is not the same in most of the parts of the world, with no (or limited) usage of technology usage in the education process and system.
2. It was not clear from the paper what were should be the responsibilities of the governments’ responsibilitiesgovernments in the developed and developing countries in the coming decades. Most especially, their role in enabling tto enable the education system to gain the knowledge needed for building their productive knowledge economies.

References:

UBS (2020). Future of Humans, Changing Lifestyles, Rising Opportunities, What Will Education Look Like in the Future? UBS. (2020). Retrieved October 15, 2020, from https://www.ubs.com/global/en/wealth-management/chief-investment-office/investment-opportunities/investing-in-the-future/2020/future-of-humans-education.html 

Juma, N. (2020). , July 15). 140 Quotes About Education and the Power of Learning. Retrieved October 15, 2020, from https://everydaypower.com/quotes-about-education/ 

Schleicher, A. (2017). The future of Educationeducation and skills, Education 2030, OECD.

World Economic Forum. Retrieved from  (2020). https://www.weforum.org/focus/fourth-industrial-revolution

1. You can not keep quoting you need to paraphrase everything. You can use maximum 1 quote in a page ( that only if the wording was absolutely difficult to paraphrase. I find very less trace of your writing style. 
2. You need to focus on how you write APA style (in text and in references. 
3. Check your grammar and proof read your typing before you send your assignment. 
4. I find your critical thiking is good but there is problem in showing the evidence in a better way. 
5. Finally, 3 resources is not acceptable it has always to be at least 2 references per page. And you should also include books and journal aticles related to the topic ( you cannot use all internet sources and articles) – Refer to Georgetown Online library. 

PS. Go to Word- Review- Accept changes – so you can accept all changes. Comment on the right corner is just to show you what have been changed. (it is called tracked changes).