Education technology is in its infancy but it is growing up fast

Much has been written of late about the need for healthcare reform in our country. Whether one is a fan of the Affordable Care Act or not, the case for change is quite clear, Forbes reports.

The fact that healthcare makes up such a high proportion of our gross domestic product (north of 17 percent), and has grown at such a fast clip relative to the consumer-price index (one and a half times) underscores the need for change. However, there is an industry the fundamentals of which have not dramatically changed in hundreds of years, and yet its costs have risen at a rate three times as fast as the consumer-price index. That field is education.

The classroom setting with a professor standing at the head of a class talking at a roomful of students is largely the same model that existed when the first universities were established in the United States.

It is no wonder that some creative people have stepped forward with truly innovative ideas in the education space to attempt to turn the traditional model upside down.

The most prominent example of this is the massive open online courses, or MOOCs.  Companies like Udacity, Coursera, and edX offer content from some of the world’s leading universities for free.

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