"The next big killer application for the Internet is going to be
education."
--- John Chambers, CEO, Cisco Systems
Click to View Press Coverage at South China Morning Post
Photos of the Panel Discussion
and Other Photos at WWW 10/Sym 7
Distinguished Panelists
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P H Yang
(Panel Chair)
Head
Information Technology
School of Business
HKU
(Based in Hong Kong. A champion for Web-based e-Learning initiatives)
Download Presentation
(829 KB, MS PowerPoint PPT format)
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Terry Hilsberg
CEO
NextEd.com
(Based in Sydney, Australia. Partnering with Global Universities Alliance – 10 Univ from U.S., Australia, New Zealand, Canada and Europe)
Download Presentation
(967 KB, MS PowerPoint PPT format)
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Ann Whyte
Director of Education
Monster Learning
(Based in Boston, USA. In the process of launching a major web-based e-Learning projects for Monster.com in the U.S.)
Download Presentation
(559 KB, MS PowerPoint PPT format)
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Steve Yan
Managing Director
EdPort.com
(Based in Hong Kong. Partnering with HKUST Business School, HKIEd and IBM)
Download Presentation
(710 KB, MS PowerPoint PPT format)
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Hong-Yi Ip
Director
IT Training and Development Centre (Based in Hong Kong. Launching a major web-based e-Learning project in Hong Kong. Evaluated over 10 International and local e-Learning vendors)
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(1157 KB, MS PowerPoint PPT format)
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Synopsis
"Although web-based education is in its earliest phase, it holds
extraordinary promise." Thus starts the Report issued on 19 December
2000 by Web-based Education Commission, a U.S. Congressional Commission.
The Report, entitled "
The Power of the Internet for Learning: Moving from Promise to Practice", championed
the use of the Internet in education, and outlined a national agenda
to promote e-learning all learners from pre-school through
high school, at post-secondary colleges and universities, and in
corporate training.
E-Learning market is forecast to reach US$54.1 billion in 2005.
It is the fastest growing and most promising sector in the education
industry. As the Internet changes the way people learn,
both traditional universities and net entrepreneurs are moving into
e-Learning. Investors are pouring millions, and soon billions, into the online education.
While the bubble has inevitably burst for the first wave of dot-coms,
there must be a second wave of more robust ventures which need to
integrate old economy basics (like revenues, and prefereably multiple
sources) with new ways of capitalizing on the potential of the Internet.
e-Learning will probably be on the leading edge of the second wave.
The panel will explore:
- What is the impact of the challenges from the e-Learning Dot-Coms on
traditional universities?
- With estimated online student dropout rate at around 35% versus around
20% for college freshman in the U.S., do traditional universities have anything to fear?
- Is it online training or education? Is there a quality issue? The American Association
of University Professors has so far refused to accredit any institution that does not
have at least some classroom component. Is it prudence or fear?
- Arthur Miller, a Harvard law professor, was prevented by the University from selling a course
he developed during his summer vacation to the online Concord University School of Law.
Who owns the intellectual property rights - the professor or the university or both?
- Is an online degree as good as a classroom-based degree? Will the employers and potential
students embrace it?
- During the first quarter of 2000, 64% of the US$900 million private capital invested in Dot-Coms
went to education companies. Will e-Learning Dot-Coms be leading the next wave of successful
companies in the New Economy?
- MIT announced in April 2001 that it will post almost all of its 2,000 courses, including
lecture notes, syllabi, exams and video lectures online, a 10-year project with an estimated cost of $100
million. Is that a blessing or a threat?
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