by Anirban Sen, Livemint
So, if you look ahead, the education sector is at an inflection point. There are some obvious things—there is an increasing demand for education. But the big change that has occurred already is that technology is creating enormous opportunities for delivery of education. Online education has always been there. But all along, people kind of looked down their nose on online education. But in 2011, Stanford opened up their course on Artificial Intelligence as a MOOC. There were about 160,000 students registered for that course across the world. And only 23,000 completed the course. But there were still 23,000 students who completed it. This was a big deal not because an online course was being offered, but because one of the world’s best institutions was putting its stamp of approval on online education. And then other universities began to wake up. This is a tremendous opportunity, but it’s also a threat. The opportunity is that any university in the world can beam its course around the world. People who couldn’t afford a world-class education, can afford it. The threat is that they can come into your market.
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