what are moocs? why you should care?

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© 2010-2014 CapitalWave, Inc. | All rights reserved.

What Are MOOCs? Why Should You Care?


My Contact Information

Bryant Nielson CEO & Executive Director

[email protected]

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bryant.nielson


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What is the problem???

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What Is a MOOC?


Massive

Open

Online

Course

What does MOOC mean?


Image by Oconneras [Creative Commons]

MOOCs are interactive digital learning environments that

are expanding the meaning of education and training.


https://www.youtube.com/watch?v=eW3gMGqcZQc


Online

Self-scheduled

Video-based content delivery

Bite-sized learning

Online discussions

Built-in assessments

MOOC Building Blocks

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Why MOOCs Are the Future of Training


The DREAM


ILT = Gold Standard ??


Learning from experts

Meaningful interaction

Asking questions and receiving feedback

…

Advantages of ILT

• Learning from Subject Matter Experts

• Provides for meaningful interaction

• Peer learning and Network-building

• Learners have the opportunity to ask questions and receive

feedback.

• Adaptability – the instructor can change things on the fly.


Disadvantages of ILT

• Expensive & Time Consuming

• Instructors and Venues are not always available

• Once a learner steps outside the classroom,

returning for clarification is gone

• It is not always possible to stagger start dates of

course when dealing with learner schedules

• Location Specific


Corporate Training’s “Dirty Little Secret”

The Dreaded Forgetting Curve


ILT

The Dreaded Forgetting Curve


Less expensive

Faster delivery

More control over learning

Consistency

Build in assessments

Practice and repetition

Advantages of Elearning


What e-learners Want

Relevant content

Opportunities to make decisions

and tackle real-life situations

Want Vs. Get

What e-learners Get

Bored

Frustrated by pacing, technology,

lack of relevance and lack of

interaction


Taught by Experts

Instructors are always available

Course delivery is uniform

Engagement via Discussion Forums

Peer Learning and Networking

Courses are consistent and adaptable

Learners can Stop/Rewind/Review

Assessment are built in

Learners can choose when they participate

MOOC Advantages…


MOOCs = The Best of Both Worlds

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How Companies Are Using MOOCs


Building talent pipelines

Onboarding new employees

Self-directed development

Workforce training

Educating partners and customers

Brand marketing

Collaboration and innovation

7 Ways Companies Are Using MOOCs


The “skills gap”

Sponsoring MOOCs: AT&T sponsors Georgia Tech’s

Computer Science MOOC Master’s degree program

Running MOOCs on how to use their products: SAP,

MongoDB

Building Talent Pipelines


Save time and money

Useful for large number of employees, staggered start dates

Decrease time to full productivity

Onboarding New Employees


>60% of MOOC students take the courses for professional

development

Verified certificates only ~$49 to $495 each

Companies can provide support for learners

Self-Directed Development


>40% CEOs say length of a training program is more important

than the content

Reduced time to train

Just-in-time learning, performance support

Less forgetting!

Workforce Training


Teach people how to use their products

Improved customer support

Increased adoption of products

Educating Partners and Customers


Increased brand awareness

Gain exposure, reach new audiences, create new

markets

Brand Marketing


Partner with MOOC providers

Have MOOC students work on real problems faced by businesses

Collaboration and Innovation

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MOOC Success Stories

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Nuts and Bolts


MOOC

Learning Framework


How Do You Make a MOOC?


DO NOT just throw current training resources online.

DO design your MOOC as a MOOC from the ground up.

Audience and purpose

Course structure and navigation

Assessment and feedback

Course development

How Do You Make a MOOC?


Plan, plan, and plan some more

Redesign course materials with learners’ needs in

mind

Create active assessments

Prepare to play a different role

Learn from the data

Don’t do it alone

Strategies for ILT MOOC

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Trends and Future Directions


LectureScape

New Learning Technologies


90% of Millennials have their phones with them at all times.

Mobile learning increases motivation to learn.

Mobile users are more likely to engage in collaboration and

social learning, more likely to use online resources.

BUT…

Only 10% of companies are using mobile learning.

Personalized and Adaptive


Image by Vanguard Visions [Creative Commons]

Flipped MOOCs


Relationships

Learning organizations

Training integrated into everyday work activities

Networked and Data Driven


90% of Millennials have their phones with them at all times.

Mobile learning increases motivation to learn.

Mobile users are more likely to engage in collaboration and

social learning, more likely to use online resources.

BUT…

Only 10% of companies are using mobile learning.

Integrated into Daily Activities


Verified certificates

Digital badges

21st century transcripts

Competency-based credentials

Gamification of Learning


Verified certificates

Digital badges

21st century transcripts

Competency-based credentials

Alternative Credentials

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CapitalWave’s Experience


Alternative Credentials


2013 2015

Today

Jan Apr Jul Oct 2014 Apr Jul Oct 2015

Proposed our first MOOC Program to a client1/2/2013

Client signed off on Program1/28/2013

Delivery started for First Program (Fixed Income Intensive) -50 Learners5/6/2013

Portfolio Management Intensive Program Launched - 250 Learners6/3/2013

First Capstone9/2/2013

9/30/2013

Capstone12/2/2013

Digital Learning Environment v1 launched1/20/2014

Portfolio Mangement Intensive started -100 Learners1/27/2014

Digital Learning Environment v1.2 launched4/7/2014

Fixed Income and Portfolio Management Programs started - 230 Learners4/14/2014

Portfolio Management Intensive started -75 Learners6/9/2014

Portfolio Management Intensive started -122 Learners9/1/2014

Portfolio Management Intensive & Fixed Income Intensive started - 166 Learners

1/12/2015

Digital Learning Environment v1.5 launched3/2/2015

Digital Learning Environment Timelines


CapitalWave’s Learning Academies



Questions?

what are moocs? why you should care?

Education

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t i o n s

o p i n g

t i v e t r

d e v e

mooc market

academic moocs