The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
For centuries, innovation in education has been led by powerful and influential countries.
That could be set to change, however, with today's developing nations primed to lead the charge.
"It is likely that we could see the transformation of education systems occurring first in developing countries," said William Altman, tech industry analyst at CB Insights.
Speaking with CNBC, Altman explained that incumbent educational institutions in the developed world were better equipped to survive the first waves of change.
"In many cases, these institutions have the cash, brand power, and are systematically entrenched enough to remain relevant," Altman said. "However, in developing countries, less-entrenched institutions are not as likely to survive technological disruption from online courses."
Another possible boon for developing nations' innovation lies in population structure, as many of those countries also face the prospect of having to educate a large youth population.
According to the 2015 version of the United Nations' World Population Prospects, African countries such as Niger, Uganda and Chad accounted for all top 10 positions in the world's youngest populations. In Asia, China and India alone have a combined population of more than 600 million children aged zero to 14 years old.
As a result, "countries that must deal with very large numbers of people entering into, or already part of the first through 12th grade foundational education system will be forced to do interesting things — even if they are not 'rich' countries in terms of GDP levels and economic development," said Steven Miller, Vice-Provost at Singapore Management University.
He pointed to places like India, the Philippines, Bangladesh, Indonesia and many of the African countries.
As technology dominates many aspects of life, the education space has not been spared.
"Educational institutions are already adopting the (Internet of Things) and digital tools to further the in-class experience as well as broaden the distribution and reach of their curricula," said Altman. Looking ahead, he added that education may follow the same trend as today's internet usage: increasingly taking place on mobile phones.
The biggest change, however, would be distribution – the opening up of once closed settings to a worldwide audience in a profitable way, Altman said.
Echoing this sentiment, Vincent Chin, Global Leader of public sector practice at Boston Consulting Group said that "the bottleneck" remains teacher quality, so there's much focus on how to "extend the reach of the high quality teacher."
With the wealth of opportunity available, it is perhaps of little surprise that many have jumped on the bandwagon. This has resulted in the development of alternative education pedagogies such as the adaptive learning method provided by companies such as Knewton. Recent years have also seen an increase in activity in the education technology space, with China producing its first such unicorn in the form of online tutor Yuanfudao.
Chin suggested that part of the reason for the increase in alternative education models is due to significant shifts across multiple facets of daily life, including changing workforce needs and easier access to now-digitized information. He added that the current education system was designed for the industrial era — with any form of modernization being largely incremental in nature.
"Students must learn new competencies (e.g. to conduct complex analytics) and develop character qualities (e.g. to collaborate effectively with others) to thrive in this changing world," Chin said.
"Without modernizing as the world changes, individual welfare will suffer, economic needs will go unmet, and urgent, complex social problems will go unsolved," he added. "What is needed is redefinition of education, to equip students for the modern world."
Against this backdrop of change, traditional higher education institutions risk obsolescence unless they continue evolving with the times.
"Incumbent educational institutions in developed countries are facing an existential crisis as the cost vs. return ratio of a traditional college or even master's level education gets worse over time," Altman said.
Perhaps part of the answer to survival for these institutions can be found in the developed world, where some countries with aging populations have already adopted the concept of lifelong learning to encourage citizens to undergo periodic retraining to ensure skill sets remain relevant. For example, Singapore's Council for Skills, Innovation and Productivity was founded in 2016 to provide education, training and career progression for all citizens.
Chin said the trend was likely to catch up across the world, where "education will become more of a lifelong journey where you alternate between developing a skill (at work) and getting the certification for it (in school)."
At the same time, he acknowledged that "the boundaries between education and work will get more blurred" as lifelong learning proliferates.
Others believe that good old-fashioned higher education offers offline experiences that will simply be challenging to replicate in the digital space.
"Organized educational settings and programs give us a social environment within which we educate ourselves, and this social context has phenomenally great importance," Miller said.
Miller said strong universities played a multiplicity of roles within a nation's ecosystem, while some even go on to play significant global roles. This was, in his opinion, something that online courses were unlikely to erode or displace.
"That is why universities have endured over the past 1,000 years, and will continue to endure for the next 1,000 in one form or another," Miller said, acknowledging that "there will be a lot of change, and there will be a changing competitive landscape and dynamics."