“In 15 Years From Now Half of US Universities May Be in Bankruptcy”– Clayton Christensen
The prediction assumes significance as it comes from someone who is considered to be the world’s foremost authority on disruptive innovation. And it is the disruptive innovation which will bring the downfall of the traditional learning institutions. That’s why, Mr Christensen, author of The Innovator’s Dilemma, is excited to see the demise of traditional learning institutions.
“For centuries education had “no technological core” (meaning it was bound by physical locations) and thus disruption was very difficult. Obviously that barrier has been brought down with low-cost ability to capture, stream and distribute content over the Internet. Today’s higher education is responding by making more courses online and available to people outside of physical boundaries.
Disruption Is Not Complete Yet
Disrupting learning is not just about developing online content. Method of delivery has to change. “Content needs to be delivered closer to those in the work force who could immediately apply what they’re taught and then immediately be back in the classroom to discuss the implementation”.
What succeeds early in technology market evolutions? In early phases, proprietary architecture often wins, says Clayton. As markets grow, “the more open and modular systems win”. “Proprietary systems are pushed to the ceiling (in terms of having more complexity / features) and the open systems capture volume. That’s why he “prays for Apple” because in envisions a world in which Android captures much more market share even if the open system it provides may not be as quality or feature-rich as Apple’s.
In this video, Clayton Christensen discusses about the future of education and how it will get disrupted: