Coursera, edX, and MOOCs Are Changing the Online Education Business | MIT Technology Review
If you were asked to name the most important innovation in transportation over the last 200 years, you might say the combustion engine, air travel, Henry Ford’s Model-T production line, or even the bicycle. The list goes on.
Now answer this one: what’s been the single biggest innovation in education?
Don’t worry if you come up blank. You’re supposed to. The question is a gambit used by Anant Agarwal, the computer scientist named this year to head edX, a $60 million MIT-Harvard effort to stream a college education over the Web, free, to anyone who wants one. His point: it’s rare to see major technological advances in how people learn.
Agarwal believes that education is about to change dramatically. The reason is the power of the Web and its associated data-crunching technologies. Thanks to these changes, it’s now possible to stream video classes with sophisticated interactive elements, and researchers can scoop up student data that could help them make teaching more effective. The technology is powerful, fairly cheap, and global in its reach. EdX has said it hopes to teach a billion students.
Online education isn’t new—in the United States more than 700,000 students now study in full-time “distance learning” programs. What’s different is the scale of technology being applied by leaders who mix high-minded goals with sharp-elbowed, low-priced Internet business models. In the stories that will follow in this month’s business report, MIT Technology Review will chart the impact of free online education, particularly the “massive open online courses,” or MOOCs, offered by new education ventures like edX, Coursera, and Udacity, to name the most prominent (see “The Crisis in Higher Education”).
These ideas affect markets so large that their value is difficult to quantify. Just consider that a quarter of the American population, 80 million people, is enrolled in K–12 education, college, or graduate school. Direct expenditures by government exceed $800 billion. Add to that figure private education and corporate training.