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Udemy: Next Wave Sharing Economy
- 1. Next Wave of the Sharing Economy October 8, 2014
- 2. 2 OF GRADE SCHOOL KIDS Will eventually have jobs that don’t exist yet Source : U.S. Department of Labor, futurework - Trends and Challenges for Work in the 21st Century, View report here. 65% © Udemy, Inc. All Rights Reserved.
- 3. 3 Of the world’s unemployed Youth make up… Source: World Economic Forum, The Challenge of Youth Unemployment, View report here. 40%(17% of the world’s population) © Udemy, Inc. All Rights Reserved.
- 4. 4 Of worldwide employers Source: World Economic Forum, The Challenge of Youth Unemployment, View report here. 42% Of educational institutions72%Believe recent graduates are ready for work © Udemy, Inc. All Rights Reserved.
- 5. Global Education Industry 5 Source: McKinsey 2011 Global Expenditure = $4.1 Trillion © Udemy, Inc. All Rights Reserved. Europe North America Latin America Developed Asia Pacific Middle East Africa Emerging Asia Pacific K12 Post-K12 Corporate Vocational Pre-K12 Geography Subsector 25% 32%8% 15% 3% 17% 58% 25% 5% 5% 7%
- 6. 6© Udemy, Inc. All Rights Reserved. Spending on Learning in the United States
- 7. 7© Udemy, Inc. All Rights Reserved. Agricultural Industrial Services 185 0 187 0 189 0 191 0 193 0 195 0 197 0 199 0 201 0 Sources: International Historical Statistics (2013); “Market Services Productivity Across Europe and the U.S.,” by Robert Inklaar, Marcel P. Timmer and Bart van Ark, Economic Policy, vol. 23, no. 53, 2008, pp. 139-94; author’s calculations. Market Trends Our Jobs are changing radically.
- 8. 8© Udemy, Inc. All Rights Reserved. Mobile Desktop Bandwidth Cost 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sources: ComScore & @KPCB Market Trends Now is the time to teach and learn online.
- 9. 9© Udemy, Inc. All Rights Reserved. Online Learning Market Landscape
- 10. 10© Udemy, Inc. All Rights Reserved. 4,000,000 Students 20,000 Published courses 10,000 Published instructors 190+ Countries (50% Domestic & 50% International) Source : Udemy Udemy by the Numbers
- 11. 11© Udemy, Inc. All Rights Reserved. Diverse Marketplace Broad content library spans huge variety of topics
- 12. Demo
- 13. First, we shared goods. In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets. 13© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
- 14. First, we shared goods. In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets. 14© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
- 15. Then we shared services. In the second wave, the Sharing Economy helped us tap into general skill sets such as driving, furniture assembly and grocery shopping. 15© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
- 16. Now we can share expertise. Today, we share specialized skillsets by tapping into experts and knowledge workers. 16© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
- 17. © Udemy, Inc. All Rights Reserved. 17 Snapshot: Teaching on Udemy 10,000 Experts teaching on the Udemy platform $7,000 Average instructor earnings 2-3 wks Average time to publish a course 0-5 hrs Average time per week to support a course
- 18. © Udemy, Inc. All Rights Reserved. 18 10,000 FACULTY MEMBERS 10,000 INSTRUCTORS Unleashing Everyday Experts
- 19. Why Teach on Udemy? 19© Udemy, Inc. All Rights Reserved. Reach Share your knowledge with millions of people around the world. Revenue Earn money teaching what you know and love. Passion Join everyday experts excited about teaching online.
- 22. 1950 2010 22© Udemy, Inc. All Rights Reserved. Hourly Compensation Productivity Source: Economic Policy Institute (via New York Times) 243.1% 108.9% Why Teach on Udemy? Revenue opportunity in an age of stagnant wages Cumulative%changesince1948
- 23. © Udemy, Inc. All Rights Reserved. 23 You would need to drive an Uber cab 40 hours per week for over 20 years to match Udemy's top instructor earnings.
Hinweis der Redaktion
- That’s because it’s relied on the same model of education delivery for many, many years. In fact, one could argue that the Education market segment has in some ways been the most immune to technology innovation – and unfortunately, not necessarily for the benefit of all I think we all have recognized this, and haven’t been able to do much about it – for a variety of reasons, the education models that have existed for centuries were impermeable to advanced change. Even as education has advanced – think of tablet computers and electronic textbooks – we’re still largely deploying them in the same system we’ve relied on for over a hundred years. This has always created some challenges. But today, finding a way to solve those challenges is becoming more urgent as the world around us changes more rapidly than ever.
- Every person that gets the education they need is one more person ready for a changing workforce. [CLICK] And the more people that embrace this educational model – millions, and hopefully eventually, billions – the more of an impact we can make. All those micro learning experiences have the ability to add up to a major global change It’s already happening. Our growth rates are staggering. People are hungry for an approach that teaches them what they need, when they need it, in a context that makes sense. And teachers are ready to share their wisdom using a platform that rewards them with the incentives they’re looking for. [Insert statistics on growth] We have an opportunity to ensure that all education is personal, that we never accept a “one size fits all” approach, and that we offer all learners the ability to get that great educational experience that I talked about in the beginning.