What’s at stake?: $400 billion: amount of money spent annually in U.S. on universities 
The $400 billion represents: more than the annual revenues of Amazon, Apple, Facebook, Google, Microsoft, and Twitter combined.
Every educational institution wants a piece of that pie. MOOCs could jeopardize that.

The World Wide U
10 million: estimated number of students who have taken at least one MOOC

When it all began: 
The promise of online education:
• low costs
• extreme accessibility by anyone
• customized pacing
• flexibility in scheduling
• more digitally based interactive tools

1985: Dave Cormier “coins” the term MOOC, for Massive Open Online Courses.

1993: Jones International University becomes first online U. [in the world]
1999: JIU became first fully online university in the U.S. to be accredited.
But it’s not free: tuition is $12,720
2013 enrollment (full and part time, undergrad and graduate): about 4,500

2012: Coursera founded by two Stanford professors
5.7 million: most recent enrollment, Coursera
83: number of universities and colleges around the world forming partnership with Coursera
$65 million: amount of venture capital raised to fund Coursera

Udacity (2012)
56,000: number of students who signed up for courses in Udacity two weeks after 2011 launch
1.6 million students, to date

20: number of schools partnered in Edx, an online non-profit provider started by Harvard and MIT founded in 2013

21: number of British universities partnered to start FutureLearn (2013)

Who are MOOC students? 
.3 % primary school
2.8 % some secondary
9.7% completed high school
3.8% some additional training (apprentices)
43.4 undergraduate university
40.2 postgraduates

How global are MOOCs now (top 10 countries of origin): 
U.S.: 28%
U.K. 11%
India: 4.6%
Brazil: 4.5%
Canada: 4%
Spain: 3.9%
Australia: 3.5%
Greece: 2.2 %
Russia: 1.9%
Germany: 1.8%

Top 10 MOOCs (free courses) 
• Udemy: Courses taught by teachers at Northwestern and Dartmouth (among others)
• ITunesU – Apple’s free app “gives students access to all the materials for courses in a single place. Right in the app, they can play video or audio lectures. Read books and view presentations.”
• Stanford
• Most popular free course: Introduction to AI. 160,000 students from 190 countries..
• UC Berkeley –Check out: Berkeley Webcasts and Berkeley RSS Feeds.
• MIT Free Courses – Check out MIT’s RSS MOOC feed. Also MIT’s Open Courseware.
• Duke Free Courses – Duke offers courses on ITunesU.
• Harvard Free Courses –Get a free Harvard education. No application is required.
• UCLA Free Courses –
• Yale Free Courses –The school offers “free and open access to a selection of introductory courses taught by distinguished teachers and scholars at Yale University.”
• Carnegie Mellon Free Courses – Carnegie Mellon boasts “No instructors, no credits, no charge.”

Pros and Cons of MOOCs
• Free.
• Provide a solution to overcrowding.
• Force professors to improve lectures.
• Create a dynamic archive.
• Are designed to ensure that students keep up. MOOCS are real college courses, complete with tests and grades.
• Bring people together from all over the world.
• Allow teachers to make the most of classroom time in blended classes.
• Offer interesting business opportunities. MOOC companies launched in 2012: edX by Harvard and MIT; Coursea, a Stanford company; and Udacity, which focuses on science and tech.
• Low graduation rate: estimated at about 10%
• Easier for students to drop out
• Do not offer much support for struggling students?
• Interactivity, a challenge. [When you have…150,000 students]
• Grading papers is impossible.
• Overcrowding
• Miss the magic of human interaction (in small groups)
• Will shrink faculties, eventually eliminating them.

And now…. something new in 2013 (an alternative to MOOCs): 
SPOCs: Small Private Online Courses
• New B-to-B concept: create an online course and license it to a university or an organization or corporation.
• Colorado State Global Campus, first to offer SPOCs as an experiment
• SPOCs have 17-25 students



Previous articleMOOCs, Games, and the Brain
Next articleMOOCs to Create and Enhance Corporate Culture
Bryant Nielson is heavily involved in the Corporate Training and Leadership and Talent space. He currently is the Managing Director for CapitalWave Inc and the training division, Financial Training Solutions. He brings a diverse corporate experience of organizational development, learning and talent development, and corporate training, that also includes personal coaching of top sales individuals and companies of all sizes. For the prior 4 years, Bryant was the Managing Director and Leadership and Talent Manager for Lengthen Your Stride! LLC. In this position, Nielson was the developer of all of the courses for MortgageMae University (MMU), the Realtor Development Center (RDC), and of Lengthen Your Stride! (LYS). In that position, he developed material, refined over many years of use and active training, and condensed the coursework and training to be high impact, natural learning, and comprehensive. Bryant has over 27 years of Senior Management experience encompasses running his own Training and mortgage firm, in New York City. He strongly believes that the corporate training is not to be static but should 'engage and inspire' students to greater productivity and performance.