1 00:00:00,307 --> 00:00:02,529 (OFF) Thanks very much... 2 00:00:02,529 --> 00:00:05,233 (David Price) This is the ever-shrinking presentation. 3 00:00:05,233 --> 00:00:07,878 It was originally 25 minutes, last night it was 23, 4 00:00:07,878 --> 00:00:09,799 now it's 22. 5 00:00:09,799 --> 00:00:13,829 I've got a 40-minute presentation. I'm just going to speak twice as quickly. 6 00:00:13,829 --> 00:00:17,566 No, I'm only kidding, it's only 20, 22 minutes. 7 00:00:17,566 --> 00:00:21,624 And I've got a thing to time it to make sure I don't go over. 8 00:00:21,624 --> 00:00:25,934 About four months ago, I was diagnosed with cancer of the colon. 9 00:00:25,934 --> 00:00:30,862 And what was it, seven weeks ago, I had the operation 10 00:00:30,862 --> 00:00:33,498 which kind of went okay, got rid of the tumor. 11 00:00:33,498 --> 00:00:36,484 But when the colon was reconnected, it sprung a leak 12 00:00:36,484 --> 00:00:40,254 and I got a thing called sepsis, which I later discovered, 13 00:00:40,254 --> 00:00:43,657 is fatal in 60% of the cases. 14 00:00:43,657 --> 00:00:45,892 What essentially happens with sepsis is 15 00:00:45,892 --> 00:00:48,601 the organs start to pack in, one after the other, 16 00:00:48,601 --> 00:00:51,780 so my heart was fibrillating, 17 00:00:51,780 --> 00:00:54,780 I lost, kidneys stopped working, 18 00:00:54,780 --> 00:00:57,550 lungs stopped working, so they put me on a ventilator. 19 00:00:57,550 --> 00:01:00,349 And my wife Claire who's here somewhere 20 00:01:00,349 --> 00:01:03,758 was told to bring the family around, because they didn't expect me 21 00:01:03,758 --> 00:01:05,725 to get through the weekend. 22 00:01:05,725 --> 00:01:11,482 As you can see, I survived, and this is actually the first talk I've given 23 00:01:11,482 --> 00:01:13,182 since I was in intensive care. 24 00:01:13,182 --> 00:01:15,611 I was in intensive care for a week. 25 00:01:15,611 --> 00:01:20,581 So, when a sick, no, no honest. (Applause) 26 00:01:22,211 --> 00:01:27,002 But when I say I'm delighted to be here, I'm not just being polite. 27 00:01:27,002 --> 00:01:28,582 (laughter) 28 00:01:28,582 --> 00:01:32,277 I'm talking existentially rather than conversationally. 29 00:01:32,277 --> 00:01:36,520 But I wanted to start with that story because, in that process of the journey 30 00:01:36,520 --> 00:01:41,126 from diagnosis to operation, I met with some remarkable people: 31 00:01:41,126 --> 00:01:45,682 on forums and interest groups, but I also visited and interviewed people. 32 00:01:45,682 --> 00:01:49,178 So I interviewed some people in the Netherlands 33 00:01:49,178 --> 00:01:53,036 who are treating their loved ones, who've got end-stage cancer. 34 00:01:53,036 --> 00:01:56,929 They are lay people, computer technicians, 35 00:01:56,929 --> 00:02:00,574 who, frankly, conventional medicine's given up, they're stage 4, 36 00:02:00,574 --> 00:02:04,704 they said there is nothing more we can do, so they're administering 37 00:02:04,704 --> 00:02:09,487 intravenous cocktails of drugs, some of which are approved, 38 00:02:09,487 --> 00:02:11,138 some of which are off-patent, 39 00:02:11,138 --> 00:02:12,817 some of which are off-label. 40 00:02:12,817 --> 00:02:17,420 I visited a clinic, here in Germany, which I can't name, because 41 00:02:17,420 --> 00:02:22,082 they're kind of operating in the shadows in fear that they'll be closed down. 42 00:02:22,082 --> 00:02:24,950 And what it seemed to me, once I looked beyond health 43 00:02:24,950 --> 00:02:26,465 is that this is a phenomenon 44 00:02:26,465 --> 00:02:29,494 which is happening in all kinds of areas of public life, 45 00:02:29,494 --> 00:02:32,577 that we're seeing what I call people-powered innovation. 46 00:02:32,577 --> 00:02:37,952 And I think it presents a real challenge for institutions and organizations. 47 00:02:37,952 --> 00:02:40,374 So, why is it important? 48 00:02:40,374 --> 00:02:45,328 I think it's important because it's kind of a natural consequence 49 00:02:45,328 --> 00:02:47,972 of the issues I talked about in my book "Open" 50 00:02:47,972 --> 00:02:53,307 where, now that we're able to share and exchange knowledge, we're now at a point 51 00:02:53,307 --> 00:02:55,946 where we want to do something about it, and we want now 52 00:02:55,946 --> 00:02:58,329 to be more in control of our own lives. 53 00:02:58,329 --> 00:03:02,384 But I think it's particularly important for the people who are in this room today: 54 00:03:02,384 --> 00:03:05,256 educators and human resource people, 55 00:03:05,256 --> 00:03:08,823 because one of the things that we're seeing is a major shift in the way 56 00:03:08,823 --> 00:03:12,436 in which we accredit knowledge and competencies. 57 00:03:12,436 --> 00:03:13,786 I don't know if any of you have read 58 00:03:13,786 --> 00:03:15,039 Phillip Brown's excellent book 59 00:03:15,039 --> 00:03:20,505 called "The Global Auction," but he talks about how our graduates are facing 60 00:03:20,505 --> 00:03:25,037 a high-skilled, low-income future 61 00:03:25,037 --> 00:03:30,130 because of globalization and a whole range of other issues. 62 00:03:30,130 --> 00:03:35,570 And recently, Laszlo Bock who is in charge of People Operations at Google said this, 63 00:03:35,570 --> 00:03:39,313 "Your degree is not a proxy for your ability to do any job. 64 00:03:39,412 --> 00:03:41,998 "The world only cares about and pays off on 65 00:03:41,998 --> 00:03:43,961 "what you can do with what you know 66 00:03:43,961 --> 00:03:47,432 "and it doesn't care how you learned it." 67 00:03:47,432 --> 00:03:51,483 So my point, I guess, is that unless we change the product, 68 00:03:51,483 --> 00:03:54,127 we risk being dis-intermediated. 69 00:03:54,127 --> 00:03:56,805 By that, I mean learners can find other ways 70 00:03:56,805 --> 00:03:59,851 to get the knowledge and skills that they need. 71 00:03:59,851 --> 00:04:03,918 And let's face it, the product hasn't really changed much in decades. 72 00:04:03,918 --> 00:04:06,872 So I'd argue that the best way to stay relevant 73 00:04:06,872 --> 00:04:10,223 is to involve users in the process of innovation. 74 00:04:10,223 --> 00:04:13,059 So this is what I mean by people-powered innovation, 75 00:04:13,059 --> 00:04:16,688 a process where users lead users, accelerate innovation 76 00:04:16,688 --> 00:04:20,176 by either advocating for new products or services, 77 00:04:20,176 --> 00:04:22,777 tinkering with existing products and services, 78 00:04:22,777 --> 00:04:26,445 or creating new products and services from scratch. 79 00:04:26,445 --> 00:04:29,443 That's my kind of working definition, based partly 80 00:04:29,443 --> 00:04:33,333 on Eric von Hippel's definition of people-powered innovation. 81 00:04:33,333 --> 00:04:35,617 So here's some examples. 82 00:04:35,617 --> 00:04:39,156 The potato crisp, the humble potato chip 83 00:04:39,156 --> 00:04:43,860 was invented in 1853 by a chef called George Crum 84 00:04:43,860 --> 00:04:46,372 who worked at a restaurant in Saratoga. 85 00:04:46,372 --> 00:04:48,896 Now he gets the credit for inventing it, but I think 86 00:04:48,896 --> 00:04:52,460 it should go to the disgruntled diner in that restaurant 87 00:04:52,460 --> 00:04:57,110 who kept sending the potatoes back, said that they were too thickly sliced. 88 00:04:57,110 --> 00:04:58,923 And this kept going backwards and forwards 89 00:04:58,923 --> 00:05:01,532 and eventually George Crum got really pissed off about this 90 00:05:01,532 --> 00:05:04,719 and cooked them as thin as he could, burned them to a crisp, 91 00:05:04,719 --> 00:05:07,678 smothered them in salt and then sent them out. 92 00:05:07,678 --> 00:05:09,444 And the diner loved it. 93 00:05:09,444 --> 00:05:11,542 So he thought, oh, we're on to something here 94 00:05:11,542 --> 00:05:17,178 but he didn't take out a patent, in fact, none of these examples have been patented. 95 00:05:17,178 --> 00:05:20,328 So, 1853, we've always had people-powered innovation. 96 00:05:20,328 --> 00:05:23,346 In fact, you could argue that up until the Industrial Revolution, 97 00:05:23,346 --> 00:05:26,437 that's all we had, we had people-powered innovation. 98 00:05:26,437 --> 00:05:28,471 But if you bring it a wee bit more up to date 99 00:05:28,471 --> 00:05:30,878 I don't know if you know the story of the skateboard 100 00:05:30,878 --> 00:05:36,035 but it was something that surfers, facing a window where they couldn't surf, 101 00:05:36,035 --> 00:05:37,969 it was the best kind of substitute. 102 00:05:37,969 --> 00:05:40,895 So they took a pair of roller-skates, chopped them in two, 103 00:05:40,895 --> 00:05:45,622 put wheels on either end of a plank of wood, and you had a skateboard. 104 00:05:45,622 --> 00:05:49,967 So the skateboard industry is now worth $4.8 billion a year. 105 00:05:49,967 --> 00:05:52,874 And a similar story happened with the mountain bike. 106 00:05:52,874 --> 00:05:56,340 It was basically cannibalized from other forms of bikes 107 00:05:56,340 --> 00:05:59,500 and developed entirely by users. 108 00:05:59,500 --> 00:06:01,167 To bring it even more up to date, 109 00:06:01,167 --> 00:06:03,840 I don't know if you're aware of this thing called Patreon? 110 00:06:03,840 --> 00:06:07,389 It's been set up by Jack Conte who is a musician. 111 00:06:07,389 --> 00:06:12,049 Certainly, he wouldn't have thought himself as a kind of entrepreneur 112 00:06:12,049 --> 00:06:14,819 but it kind of recreates in the digital age 113 00:06:14,819 --> 00:06:18,720 the 18th century notion of patronage for artists. 114 00:06:18,720 --> 00:06:22,218 So you pay up artists, because you like their work. 115 00:06:22,218 --> 00:06:26,246 And it has been a hugely successful venture for Jack. 116 00:06:26,246 --> 00:06:29,329 And then one of the few companies that have really latched onto 117 00:06:29,329 --> 00:06:31,587 people-powered innovation at a very early stage 118 00:06:31,587 --> 00:06:36,670 is Proctor & Gamble, who have developed a thing called Connect and Develop 119 00:06:38,120 --> 00:06:42,468 and that service now, which brings in innovations 120 00:06:42,468 --> 00:06:44,758 from outside of the organization, 121 00:06:44,758 --> 00:06:48,393 that constitutes about half of all their innovations. 122 00:06:48,393 --> 00:06:52,037 So much so that Proctor & Gamble say: "Proudly found elsewhere." 123 00:06:52,037 --> 00:06:53,575 That's their motto. 124 00:06:53,575 --> 00:06:58,112 And I wonder how many of us working in universities could say the same thing, 125 00:06:58,112 --> 00:07:01,845 or how many of us who are learning officers in companies? 126 00:07:01,845 --> 00:07:04,033 So, where do we see people-powered innovation? 127 00:07:04,033 --> 00:07:07,121 Well, you can go to any maker space and you'll see it, 128 00:07:07,121 --> 00:07:10,339 visit forums or interest groups, even groups like Anonymous, 129 00:07:10,339 --> 00:07:12,244 whatever you may think of their philosophy, 130 00:07:12,244 --> 00:07:15,986 you can't deny their ingenuity and innovation. 131 00:07:15,986 --> 00:07:17,873 And I've looked at a number of examples 132 00:07:17,873 --> 00:07:20,643 and I've identified four common characteristics. 133 00:07:20,643 --> 00:07:22,542 I'm going to quickly go through them. 134 00:07:22,542 --> 00:07:26,053 The first is need. The second is jugaad. 135 00:07:26,053 --> 00:07:28,910 Don't worry if it's not a familiar term to you. 136 00:07:28,910 --> 00:07:32,967 Third is the hacker ethic and the fourth is a sense of agency. 137 00:07:32,967 --> 00:07:35,420 Right. Very quick examples. 138 00:07:35,420 --> 00:07:37,898 It's a cliché, but it's a cliché for a reason, 139 00:07:37,898 --> 00:07:42,432 that invention is indeed the mother of necessity. 140 00:07:42,432 --> 00:07:46,492 And you get people-powered innovation where the need is greatest. 141 00:07:46,492 --> 00:07:51,063 So it's no accident that some of the most innovative things that we now see 142 00:07:51,063 --> 00:07:55,506 now are happening in the developed world in slums and favelas. 143 00:07:55,506 --> 00:08:00,330 So 85% of mobile transactions have actually originated 144 00:08:00,330 --> 00:08:02,095 in developing countries. 145 00:08:02,095 --> 00:08:06,190 And 50% of them were created by users. 146 00:08:06,190 --> 00:08:08,956 And if you think about it, that's kind of paved the way for things like 147 00:08:08,956 --> 00:08:12,059 Apple Pay and Samsung Wallet. 148 00:08:12,059 --> 00:08:15,554 The first use of mobile banking was actually in the Philippines, 149 00:08:15,554 --> 00:08:20,933 and what people did there was to take pay-as-you-go top-up vouchers, 150 00:08:20,933 --> 00:08:24,402 take the code from them, text them to their friends and family 151 00:08:24,402 --> 00:08:29,237 in other parts of the Philippines, and they used it as a kind of currency. 152 00:08:29,237 --> 00:08:32,552 But they're not just turning air time into money, 153 00:08:32,552 --> 00:08:35,413 they're turning shit into money too. 154 00:08:35,413 --> 00:08:38,675 This is a genuine sign, I didn't make this up 155 00:08:38,675 --> 00:08:40,434 but it says, if you can't read the bottom it says, 156 00:08:40,434 --> 00:08:42,916 "Shit Business is Serious Business". 157 00:08:42,916 --> 00:08:45,584 And there's a guy in Lagos in Nigeria 158 00:08:45,584 --> 00:08:48,778 and Lagos has a big public health problem 159 00:08:48,778 --> 00:08:52,085 because people are using the streets as a toilet 160 00:08:52,085 --> 00:08:55,632 but there is a graphic artist called Isaac Agbetusin 161 00:08:55,632 --> 00:08:59,114 who invented a thing that he called the Dignified Mobile Toilet. 162 00:08:59,114 --> 00:09:03,143 They look like the kind of Portaloos that you see on building sites 163 00:09:03,143 --> 00:09:07,444 but he's designed it, built it, delivers it to communities 164 00:09:07,444 --> 00:09:10,283 and then they charge people ten cents to use them. 165 00:09:10,283 --> 00:09:15,359 But that's only part of the story, because then the waste is collected 166 00:09:15,359 --> 00:09:19,637 and turned into biogas which is sold to energy companies. 167 00:09:19,637 --> 00:09:23,659 It's ingenious. He's getting profit at both ends of the transaction. 168 00:09:23,659 --> 00:09:26,271 So that leads us to the second characteristic. 169 00:09:26,271 --> 00:09:28,543 And it's this word jugaad. And if you're not familiar with it, 170 00:09:28,543 --> 00:09:34,129 it's a Hindi term which kind of means it's making the most of what you've got. 171 00:09:34,129 --> 00:09:37,924 So I don't know if you can see the photograph on the right. 172 00:09:37,924 --> 00:09:42,146 That's an ox-powered two-story truck. 173 00:09:42,146 --> 00:09:44,859 During the rainy season, of course people get drenched 174 00:09:44,859 --> 00:09:47,949 so somebody found the cabin from an old truck, put it on. 175 00:09:47,949 --> 00:09:51,185 There are people on the top deck of the truck, people on the bottom, 176 00:09:51,185 --> 00:09:55,019 and they're staying dry. Making the most of what you've got. 177 00:09:55,019 --> 00:09:58,683 But it's also this sense of jugaad as meaning "good enough". 178 00:09:58,683 --> 00:10:04,547 What you see on the left is the world's first clay refrigerator. 179 00:10:04,547 --> 00:10:07,928 It was created, again, by just an ordinary user. 180 00:10:07,928 --> 00:10:11,819 And of course it doesn't work as well as a powered refrigerator 181 00:10:11,819 --> 00:10:13,494 that we might have in the West. 182 00:10:13,494 --> 00:10:18,165 It's cooled by cold water which cools the clay. 183 00:10:18,165 --> 00:10:22,570 But when you've got temperatures of 45, 50 degrees in summer, 184 00:10:22,570 --> 00:10:27,235 it's good enough. It keeps the produce cool enough 185 00:10:27,235 --> 00:10:30,179 to be used, and it doesn't go off. 186 00:10:30,179 --> 00:10:33,227 Here's some very quick examples of jugaad as well. 187 00:10:33,227 --> 00:10:35,699 Guy on the top left, he's frying his breakfast 188 00:10:35,699 --> 00:10:39,798 while he's listening to his MP3 player. (audience laughing) 189 00:10:39,798 --> 00:10:44,843 Guys on the top right have designated the compartment a sleeper compartment. 190 00:10:44,843 --> 00:10:47,475 They took a blanket and put it up as a hammock. 191 00:10:47,475 --> 00:10:49,322 Guy at the bottom right. This is fascinating. 192 00:10:49,322 --> 00:10:55,053 He's turned what we call in the U.K. a flip-flop, Australians call them thongs, 193 00:10:55,053 --> 00:10:57,743 he's turned it into a gun holster. 194 00:10:57,743 --> 00:10:59,813 I don't know what he's doing with the other flip-flop. 195 00:10:59,813 --> 00:11:04,901 And the guy on the bottom left has invented a kind of hands-free kit. 196 00:11:04,901 --> 00:11:06,443 (audience laughing) 197 00:11:06,443 --> 00:11:08,342 It's just a handkerchief with a mobile phone. 198 00:11:08,342 --> 00:11:13,071 I hope to God he's cut a couple of holes out in the front. 199 00:11:13,071 --> 00:11:15,456 But what we're seeing is that jugaad principles 200 00:11:15,456 --> 00:11:17,643 are now being adopted by Western countries. 201 00:11:17,643 --> 00:11:21,157 And if you think about it, a company like Google 202 00:11:21,157 --> 00:11:24,820 when it talks about everything's (mumbles), fail fast and integrate 203 00:11:24,820 --> 00:11:28,263 that's a kind of jugaad approach to innovation. 204 00:11:28,263 --> 00:11:30,426 And when jugaad meets the next characteristic, 205 00:11:30,426 --> 00:11:32,768 I think things get really interesting. 206 00:11:32,768 --> 00:11:36,336 So when you combine a hacker ethic with jugaad, 207 00:11:36,336 --> 00:11:39,140 I think you then start or rub up against what I would call 208 00:11:39,140 --> 00:11:42,016 one of the biggest blockers to people-powered innovation, 209 00:11:42,016 --> 00:11:46,552 and that's a kind of overly-strict regulatory framework. 210 00:11:46,552 --> 00:11:51,699 And it's put there on the premise of protecting us and maintaining quality. 211 00:11:51,699 --> 00:11:54,468 Now I'm assuming you all know the story of Wikipedia, so I'll give you 212 00:11:54,468 --> 00:11:57,167 the truncated version. 213 00:11:57,167 --> 00:12:00,066 When it was first started, it was called Newpedia 214 00:12:00,066 --> 00:12:05,214 and they commissioned a bunch of academics to write articles 215 00:12:05,214 --> 00:12:08,984 which were then going to be peer-reviewed to maintain the quality. 216 00:12:08,984 --> 00:12:13,754 And two years into its existence, Newpedia had to close 217 00:12:13,754 --> 00:12:18,481 cause it had a grand total of 25 articles, cause people had spent all that time 218 00:12:18,481 --> 00:12:21,662 arguing about whether the article was good enough. 219 00:12:21,662 --> 00:12:24,490 So it became Wikipedia, and as you know, Jimmy Wales then said, 220 00:12:24,490 --> 00:12:26,360 "To hell with this. I'll make it open source. 221 00:12:26,360 --> 00:12:28,429 "Anybody can write this. It will be good enough. 222 00:12:28,429 --> 00:12:31,383 "And people can hack it and improve it." 223 00:12:31,383 --> 00:12:34,832 But what's less commonly known is that Wikipedia wasn't 224 00:12:34,832 --> 00:12:37,342 the kind of direct successor to Newpedia. 225 00:12:37,342 --> 00:12:43,606 It sort of forked, and alongside Wikipedia was a thing called Citizendium. 226 00:12:44,866 --> 00:12:49,051 Now, could you just put your hand up if you've ever used Wikipedia? 227 00:12:49,051 --> 00:12:50,407 Yeah, pretty much everybody. 228 00:12:50,407 --> 00:12:52,888 Can you put your hand up if you've used Citizendium? 229 00:12:54,238 --> 00:12:59,075 Yes, and that's because they insisted on peer review. 230 00:12:59,075 --> 00:13:03,575 And if you go on the Citizendium website, they've got something like 160,000 articles 231 00:13:03,575 --> 00:13:09,247 which have been commissioned, and 106 of them, I think it is, 232 00:13:09,247 --> 00:13:13,171 have actually been released for citation. 233 00:13:13,171 --> 00:13:16,669 So, I don't know what's happening for all the rest, but it seems to me 234 00:13:16,669 --> 00:13:20,475 there's a lesson here for academic publishing 235 00:13:20,475 --> 00:13:24,143 because I don't believe peer review, unless it's open source, 236 00:13:24,143 --> 00:13:30,322 does anything other than obstruct research and innovation and not advance it. 237 00:13:30,322 --> 00:13:33,197 So here's an example from education, 238 00:13:33,197 --> 00:13:35,924 which is what I'd consider to be jugaad in the hacker ethic. 239 00:13:35,924 --> 00:13:39,425 There's a college in London called the School for Communication Arts. 240 00:13:39,425 --> 00:13:43,450 It's run by a maverick called Marc Lewis, 241 00:13:43,450 --> 00:13:48,250 and it serves the advertising industry. 242 00:13:48,250 --> 00:13:53,300 Now, it provides tertiary-level courses but they're not degrees 243 00:13:53,300 --> 00:13:55,483 because he can't get validated. 244 00:13:55,483 --> 00:13:57,141 Why can't he get validated? 245 00:13:57,141 --> 00:14:01,260 Because Marc invites people to hack its own programs, 246 00:14:01,260 --> 00:14:04,954 and he does it via this. He has a thing called the Curriculum Wiki. 247 00:14:04,954 --> 00:14:07,945 So if you're in the advertising industry, and you think that there's 248 00:14:07,945 --> 00:14:12,779 a particular skill which is not being developed, or there's some new processes and practices, 249 00:14:12,779 --> 00:14:15,765 or if you're a student, or indeed a member of the public, 250 00:14:15,765 --> 00:14:20,408 you can put up on the Curriculum Wiki what you think should be taught, 251 00:14:20,408 --> 00:14:23,425 and Marc and his staff there will guarantee to turn that 252 00:14:23,425 --> 00:14:26,247 into a set of learning outcomes with a syllabus. 253 00:14:26,247 --> 00:14:29,246 And they'll have it up and running within six weeks. 254 00:14:29,246 --> 00:14:32,283 Now of course, that means that it can't get validation, 255 00:14:32,283 --> 00:14:34,759 because in the U.K., universities want to know 256 00:14:34,759 --> 00:14:37,370 what your program's going to be in five years' time. 257 00:14:37,370 --> 00:14:40,748 He doesn't know what they're going to be doing in five weeks' time, 258 00:14:40,748 --> 00:14:43,670 but he doesn't care because all the students get jobs. 259 00:14:43,670 --> 00:14:46,670 They've got 100% employability rate. 260 00:14:46,670 --> 00:14:49,762 So that's a case of, I think, the kind of regulatory frameworks 261 00:14:49,762 --> 00:14:54,551 that we've got coming up against innovation and people-powered innovation. 262 00:14:54,551 --> 00:14:57,616 And it seems to me that that sense of agency is really important. 263 00:14:57,616 --> 00:15:00,742 In most examples of formal learning, it seems to me we've promoted 264 00:15:00,742 --> 00:15:03,307 a kind of learned dependence. 265 00:15:03,307 --> 00:15:05,767 We're the experts. You're the learners. 266 00:15:05,767 --> 00:15:08,102 And if you want to progress to the next level, 267 00:15:08,102 --> 00:15:09,878 then you're going to need us. 268 00:15:09,878 --> 00:15:13,155 And then along came the biggest, disruptive innovation 269 00:15:13,155 --> 00:15:17,543 since chewing gum in education, and that's YouTube. 270 00:15:17,543 --> 00:15:21,593 And everybody suddenly went, "Hmm, maybe we don't need you guys 271 00:15:21,593 --> 00:15:23,397 "as much as we thought we did." 272 00:15:23,397 --> 00:15:25,242 And YouTube begat MOOCs. 273 00:15:25,242 --> 00:15:28,449 And then the new mantra became "Any lecturer that can be replaced 274 00:15:28,449 --> 00:15:32,960 "by a YouTube video, will be." 275 00:15:32,960 --> 00:15:38,557 But whilst MOOCs and online learning allow learners to hack their education, sort of, 276 00:15:38,557 --> 00:15:42,423 they don't yet build community or a sense of learner agency. 277 00:15:42,423 --> 00:15:45,994 And I believe that building learner agency will be the next big development 278 00:15:45,994 --> 00:15:50,626 in learning, because that's what we see in social learning now. 279 00:15:50,626 --> 00:15:53,333 And learners expect that that agency in formal learning 280 00:15:53,333 --> 00:15:55,354 is also going to be there. 281 00:15:55,354 --> 00:15:58,482 So, it's not hard to do. 282 00:15:58,482 --> 00:16:03,186 We just need to adopt social learning's six key motivations 283 00:16:03,186 --> 00:16:04,818 which I talk about in the book. 284 00:16:04,818 --> 00:16:07,431 And there's a whole other talk to go through these 285 00:16:07,431 --> 00:16:09,395 but I'll just quickly list them. 286 00:16:09,395 --> 00:16:10,842 So, a sense of do-it-yourself. 287 00:16:10,842 --> 00:16:13,386 There's a great deal of autonomy in social learning. 288 00:16:13,386 --> 00:16:16,375 You all know that because that's how you communicate. 289 00:16:16,375 --> 00:16:18,692 I know I'm preaching to the converted here. 290 00:16:18,692 --> 00:16:20,082 Second is immediacy. 291 00:16:20,082 --> 00:16:24,098 There's what Lillian Katz called a horizontal relevance about learning 292 00:16:24,098 --> 00:16:27,093 because you're getting the knowledge that you need now 293 00:16:27,093 --> 00:16:29,511 to solve the challenge that you've got 294 00:16:29,511 --> 00:16:33,182 rather than just-in-case at some point in the future. 295 00:16:33,182 --> 00:16:36,241 There's an obvious sense of collegiality, do it with friends. 296 00:16:36,241 --> 00:16:38,719 It's now the case that if you're on Twitter or Yammer, 297 00:16:38,719 --> 00:16:41,742 you've probably got your closest collaborator on the other side 298 00:16:41,742 --> 00:16:45,281 of the world, rather than on the other side of the office. 299 00:16:45,281 --> 00:16:49,077 And then, there's a sense of playfulness about all of this stuff. 300 00:16:49,077 --> 00:16:51,622 Then we get into the contentious ones. 301 00:16:51,622 --> 00:16:52,757 Do unto others. 302 00:16:52,757 --> 00:16:56,999 Now, I know that social media has got bullies, got trolls, 303 00:16:56,999 --> 00:16:59,857 and there are bad people out there who do bad things, 304 00:16:59,857 --> 00:17:02,117 but that's the stuff that gets reported. 305 00:17:02,117 --> 00:17:05,336 What doesn't get reported are the million random acts of kindness 306 00:17:05,336 --> 00:17:08,589 which happen every day because of that sense of generosity 307 00:17:08,589 --> 00:17:10,619 which is powering the learning. 308 00:17:10,619 --> 00:17:12,381 And similarly, for the last one. 309 00:17:12,381 --> 00:17:15,249 There's a high visibility about the learning which is happening 310 00:17:15,249 --> 00:17:19,138 in the social space which isn't being replicated, I would argue, 311 00:17:19,138 --> 00:17:21,497 in the formal learning space. 312 00:17:21,497 --> 00:17:24,615 Companies and universities get very nervous about the learning 313 00:17:24,615 --> 00:17:28,220 being open to the rest of the world. 314 00:17:28,220 --> 00:17:32,348 But I think these six qualities of social learning are 315 00:17:32,348 --> 00:17:37,040 the means by which those communities develop a sense of agency. 316 00:17:37,040 --> 00:17:40,234 And I'd argue that we need to think about how many of these 317 00:17:40,234 --> 00:17:43,159 we can bring in to our formal learning programs. 318 00:17:43,159 --> 00:17:47,370 And it's really encouraging to see the presentations that are scheduled 319 00:17:47,370 --> 00:17:50,174 for the next couple of days, particularly the ones which 320 00:17:50,174 --> 00:17:52,005 are about peer learning. 321 00:17:52,005 --> 00:17:54,127 So they're the four kind of common characteristics 322 00:17:54,127 --> 00:17:55,873 behind people-powered innovation. 323 00:17:55,873 --> 00:17:59,055 I'm now, only got a couple of minutes left, so let's just finish 324 00:17:59,055 --> 00:18:01,531 with perhaps three things that we could do 325 00:18:01,531 --> 00:18:04,248 to develop more people-powered innovation. 326 00:18:04,248 --> 00:18:06,845 First is don't be afraid of the pro-am. 327 00:18:06,845 --> 00:18:10,316 The poster boy these days for the pro-am is this kid. 328 00:18:10,316 --> 00:18:13,409 Just put your hand up if you recognize this kid. 329 00:18:13,409 --> 00:18:15,437 Oh, not many. His name's Jack Andraka. 330 00:18:15,437 --> 00:18:18,336 When he was fifteen, he came up with a biomarker 331 00:18:18,336 --> 00:18:21,040 for pancreatic cancer because the need was there. 332 00:18:21,040 --> 00:18:23,838 A close member of his family died of pancreatic cancer 333 00:18:23,838 --> 00:18:25,932 because it wasn't spotted early enough. 334 00:18:25,932 --> 00:18:29,644 So Jack came up, did all his research on Google and Wikipedia. 335 00:18:29,644 --> 00:18:32,501 He calls them "teenager's two best friends." 336 00:18:32,501 --> 00:18:35,455 And then he reached a point where he needed lab space. 337 00:18:35,455 --> 00:18:39,093 So he wrote to 200 universities in America 338 00:18:39,093 --> 00:18:42,633 and 199 of them turned him down. 339 00:18:42,633 --> 00:18:46,402 They couldn't see what a 15-year-old could possibly tell them 340 00:18:46,402 --> 00:18:49,977 about pancreatic cancer, I mean, he didn't even have a master's. 341 00:18:49,977 --> 00:18:52,096 So how would he possibly be able to help them? 342 00:18:52,096 --> 00:18:55,806 Now fortunately, one did, and that was Johns Hopkins. 343 00:18:55,806 --> 00:18:59,214 And it's ready to go into production now, this biomarker. 344 00:18:59,214 --> 00:19:02,468 But here again, he's come up, he's incredibly frustrated 345 00:19:02,468 --> 00:19:05,104 because he's come up against regulatory framework 346 00:19:05,104 --> 00:19:07,745 which is not allowing this thing to be made available 347 00:19:07,745 --> 00:19:10,866 because of the ridiculous clinical trial system that we've got. 348 00:19:10,866 --> 00:19:13,248 And it's going to be five, possibly ten years, 349 00:19:13,248 --> 00:19:15,827 before this is now made available. 350 00:19:15,827 --> 00:19:18,325 And as Jack says, "How many more people are going to die 351 00:19:18,325 --> 00:19:20,625 "as a result of that?" 352 00:19:20,625 --> 00:19:22,654 So that's one, don't be afraid of the pro-am, 353 00:19:22,654 --> 00:19:25,321 and obviously, de-regulate where possible. 354 00:19:25,321 --> 00:19:27,798 Welcome those education hackers. 355 00:19:27,798 --> 00:19:31,954 But then finally, I think we've just not got to be in denial about this. 356 00:19:31,954 --> 00:19:34,972 Since "Open" was published, I've worked with a lot of companies 357 00:19:34,972 --> 00:19:38,677 and universities, and I go in and I tell them about the risks 358 00:19:38,677 --> 00:19:40,866 of being dis-intermediated. 359 00:19:40,866 --> 00:19:44,437 But I sense this kind of collective denial going on. 360 00:19:44,437 --> 00:19:46,596 And it's understandable because for a long time, 361 00:19:46,596 --> 00:19:49,043 learners had nowhere else to go. 362 00:19:49,043 --> 00:19:52,935 And we've had a kind of monopoly for the past hundred years or more, 363 00:19:52,935 --> 00:19:57,479 but the time to open up education is here and it's now, 364 00:19:57,479 --> 00:20:01,816 and we have to involve users in redefining what we do. 365 00:20:01,816 --> 00:20:04,530 So I began by talking about my recent cancer treatment. 366 00:20:04,530 --> 00:20:10,541 And when I was first diagnosed, I had my first meeting with the oncologist. 367 00:20:10,541 --> 00:20:12,925 And as you can imagine, I had done a ton of research 368 00:20:12,925 --> 00:20:16,208 because I'm a hypochondriac, I don't mind admitting it. 369 00:20:16,208 --> 00:20:18,842 The only consolation about being a hypochondriac 370 00:20:18,842 --> 00:20:22,977 is that eventually you're proven right. (audience laughs) 371 00:20:22,977 --> 00:20:29,219 So I was talking to the oncologist, and I said, "What are the alternatives to surgery?" 372 00:20:29,219 --> 00:20:33,495 "What are going to be the side effects of chemotherapy, if I have to have it?" 373 00:20:33,495 --> 00:20:35,072 And he was getting more and more frustrated. 374 00:20:35,072 --> 00:20:37,136 I asked about holistic treatments. 375 00:20:37,136 --> 00:20:38,998 Eventually, he kind of snapped at me, and he said, 376 00:20:38,998 --> 00:20:43,794 "Look, just have the surgery. Don't overthink this." 377 00:20:43,794 --> 00:20:47,621 Now, when a doctor tells you to not overthink it, 378 00:20:47,621 --> 00:20:51,358 I would strongly recommend you find another doctor, 379 00:20:51,358 --> 00:20:52,934 because that's the kind of Apple philosophy. 380 00:20:52,934 --> 00:20:55,280 "You know, we've done all the research and the design. 381 00:20:55,280 --> 00:20:58,468 "You should just be grateful that we're letting you buy it." 382 00:20:58,468 --> 00:21:02,917 But one of these forums that I was on, the one I was telling you about 383 00:21:02,917 --> 00:21:06,836 that are operating kind of on the boundaries, 384 00:21:06,836 --> 00:21:10,760 go on there regularly, and this oncologist joined in on the conversation. 385 00:21:10,760 --> 00:21:12,502 And people woke up smart, and they said, 386 00:21:12,502 --> 00:21:16,109 "But we never get professionals coming on this forum." 387 00:21:16,109 --> 00:21:18,138 And the oncologist said, "Well, it's really important 388 00:21:18,138 --> 00:21:19,934 "that this dialogue takes place." 389 00:21:19,934 --> 00:21:21,745 And I remember what he said. 390 00:21:21,745 --> 00:21:26,930 He said, "Those who seek answers need to be part of the solution." 391 00:21:26,930 --> 00:21:30,589 So I hope you'll think how you can bring more people-powered innovation 392 00:21:30,589 --> 00:21:35,358 into your own learning programs, and enable people to be part of the solution. 393 00:21:35,358 --> 00:21:36,705 Thanks very much for listening. 394 00:21:36,705 --> 00:21:38,260 (applause) 395 00:21:45,540 --> 00:21:49,073 - David, thank you very much, indeed. You're great, at 23 minutes, 396 00:21:49,080 --> 00:21:51,271 so thank you very much indeed for making that happen. 397 00:21:51,271 --> 00:21:53,823 And some of these questions actually will be applicable 398 00:21:53,823 --> 00:21:57,064 for Cory and for Ian as well, so you may want to pick them up 399 00:21:57,064 --> 00:21:58,713 in your remarks too. 400 00:21:58,713 --> 00:22:01,215 But let me just reflect some of the comments that we've been getting, 401 00:22:01,215 --> 00:22:02,437 and there you can see the address. 402 00:22:02,437 --> 00:22:03,890 I can take many more if you want. 403 00:22:03,890 --> 00:22:06,654 This one from Alejandro Molini. 404 00:22:06,654 --> 00:22:12,561 The shift to a new age of opportunity, what exactly is this shift towards? 405 00:22:13,961 --> 00:22:15,601 - Well, I think that's a bigger question. 406 00:22:15,601 --> 00:22:20,624 That's a question that I asked myself when I looked at the overall theme for today. 407 00:22:20,624 --> 00:22:26,190 But certainly as far as the thing that I was talking about, for me 408 00:22:26,190 --> 00:22:29,514 it is this shift towards knowledge is becoming more open. 409 00:22:29,514 --> 00:22:33,626 It's a curious kind of battle which is constantly taking place 410 00:22:33,626 --> 00:22:38,007 cause I think Cory will be talking to some extent about institutions 411 00:22:38,007 --> 00:22:41,775 and how they're making it difficult for that knowledge to be shared. 412 00:22:41,775 --> 00:22:45,890 But I think what we've seen over the past ten years, is a desire 413 00:22:45,890 --> 00:22:48,242 for people to have more control over their lives, 414 00:22:48,242 --> 00:22:52,172 and the implication behind all that, which is why I think dis-intermediation 415 00:22:52,172 --> 00:22:55,647 is such a powerful implication. 416 00:22:55,647 --> 00:22:59,122 If you're part of the music industry, you never thought that you'd be done out. 417 00:22:59,122 --> 00:23:02,309 If you were a travel agent, you never really thought that people 418 00:23:02,309 --> 00:23:04,463 would want to organize their own holidays. 419 00:23:04,463 --> 00:23:08,422 If you're a taxi driver, you probably didn't see Uber coming. 420 00:23:08,422 --> 00:23:10,573 But that to me is part of that shift. 421 00:23:10,573 --> 00:23:14,645 - What about this comment from Maria Ebro? 422 00:23:14,645 --> 00:23:19,047 A very interesting talk, but how do you ensure confidentiality? 423 00:23:19,047 --> 00:23:22,844 How do you balance control versus innovation? 424 00:23:22,844 --> 00:23:26,420 - Yep, there is no easy answer to that. 425 00:23:26,420 --> 00:23:33,019 And when I talk about regulatory frameworks, of course you wouldn't want 426 00:23:33,019 --> 00:23:36,398 to get on a plane and wonder if the pilot was actually somebody 427 00:23:36,398 --> 00:23:39,033 who previously was sitting in the back row. 428 00:23:39,033 --> 00:23:42,838 There are some needs for that regulatory framework, 429 00:23:42,838 --> 00:23:44,504 but I think we've gone too far. 430 00:23:44,504 --> 00:23:49,430 And now that knowledge is everywhere, it's possible that 431 00:23:49,430 --> 00:23:51,910 the next big breakthroughs in a lot of these areas 432 00:23:51,910 --> 00:23:53,232 will come from laypeople. 433 00:23:53,232 --> 00:23:57,026 I just think that what happens currently is that we shut those people out 434 00:23:57,026 --> 00:24:01,630 of the conversation, and we need to work with them, as Proctor & Gamble did. 435 00:24:01,630 --> 00:24:05,906 - But do you see this as a genuinely serious problem, the issue of balancing 436 00:24:05,906 --> 00:24:07,842 control and innovation? 437 00:24:07,842 --> 00:24:11,160 - Well absolutely, but we were just talking about this earlier when we 438 00:24:11,160 --> 00:24:15,405 were talking about the Google DNS thing, and Google then potentially have access 439 00:24:15,405 --> 00:24:18,654 to a lot of confidential information. 440 00:24:18,654 --> 00:24:22,039 There's almost a sense in which, I think, the younger generation, 441 00:24:22,039 --> 00:24:29,310 anybody under the age of 20-25 has almost given up on the notion of confidentiality. 442 00:24:29,310 --> 00:24:34,719 I think people, and it's not always in their best interests, but I think people 443 00:24:34,719 --> 00:24:40,523 are recognizing that perhaps they've just got to give some of that information away, 444 00:24:40,523 --> 00:24:43,182 and you have to trust some of those organizations, 445 00:24:43,182 --> 00:24:45,179 but there's no easy answer to this. 446 00:24:45,179 --> 00:24:49,813 I think it's constantly in play, it's constantly in flux, this tension. 447 00:24:49,813 --> 00:24:52,556 - All right, I'm trying to reflect as many of your thoughts as are coming to me 448 00:24:52,556 --> 00:24:55,195 at the moment, so we're moving all over the place. 449 00:24:55,195 --> 00:24:58,734 What about this from Alex Anesteciadas. 450 00:24:58,734 --> 00:25:05,013 Where do we see people-powered innovation going now? 451 00:25:05,013 --> 00:25:08,581 - I'd love to see more of it in education because I think it is one of the areas. 452 00:25:08,581 --> 00:25:10,060 - How can that be achieved? 453 00:25:10,060 --> 00:25:14,211 - How can it be achieved? It can be achieved by strategic decisions 454 00:25:14,211 --> 00:25:16,953 by organizations that they're going to work with. 455 00:25:16,953 --> 00:25:20,713 I just started working with the largest bank in Ireland, and they took 456 00:25:20,713 --> 00:25:26,158 a conscious decision their services hadn't changed much in about 30 years. 457 00:25:26,158 --> 00:25:30,118 And so they need people to help them redesign those services. 458 00:25:30,118 --> 00:25:33,525 But that has to come from the senior management, 459 00:25:33,525 --> 00:25:37,709 recognizing that in most cases, the rate of innovation 460 00:25:37,709 --> 00:25:40,353 cannot possibly keep up with the demand for change 461 00:25:40,353 --> 00:25:42,990 that customers are exercising. 462 00:25:42,990 --> 00:25:45,792 - There's a comment here which is really based around the generational challenge, 463 00:25:45,792 --> 00:25:49,299 I suspect, from Ben Fisher. 464 00:25:49,299 --> 00:25:53,520 How do we get all teachers now to work with this new reality, the new media, 465 00:25:53,520 --> 00:25:56,447 the new digital space, to work with these new opportunities? 466 00:25:56,447 --> 00:25:59,435 And it's something which I'm sure Cory and Ian would address as well. 467 00:25:59,435 --> 00:26:01,174 Your view, David, at the moment. 468 00:26:01,174 --> 00:26:08,163 - What I always say, and I do a lot of work in schools, and when people are trying 469 00:26:08,163 --> 00:26:11,642 to bring in new innovations, particularly technologically-based ones, 470 00:26:11,642 --> 00:26:16,176 is work with the enthusiasts and don't waste your time with the people 471 00:26:16,176 --> 00:26:20,008 who are just not going to want to change no matter what happens. 472 00:26:20,008 --> 00:26:22,568 We were having a conversation with a colleague from Australia. 473 00:26:22,568 --> 00:26:24,489 (applause) 474 00:26:24,489 --> 00:26:29,856 I can see people have got the scars where they've tried. 475 00:26:29,856 --> 00:26:33,105 Colleague last night had just that problem. 476 00:26:33,105 --> 00:26:37,360 You know that there are some people, and you can see the challenge. 477 00:26:37,360 --> 00:26:42,435 They're in their 50s, 60s, and they've just decided they've learned enough stuff. 478 00:26:42,435 --> 00:26:43,954 You know, it's like the Homer Simpson thing. 479 00:26:43,954 --> 00:26:46,628 Every time I get a new piece of information, some more stuff 480 00:26:46,628 --> 00:26:49,292 has got to go out of the brain to make way for it. 481 00:26:49,292 --> 00:26:51,935 - You're being very defeatist, aren't you? 482 00:26:51,935 --> 00:26:55,769 - I'm not. I'm just know that if you want innovation to happen, 483 00:26:55,769 --> 00:26:57,732 you've got to protect it and nurture it, 484 00:26:57,732 --> 00:27:01,748 and that the best way to do that is to create a safe space for innovation. 485 00:27:01,748 --> 00:27:05,099 So I've worked in schools that will create these innovation pods, 486 00:27:05,099 --> 00:27:08,474 and they have a simple rule where they say, "You don't have to be part 487 00:27:08,474 --> 00:27:11,477 "of this innovation if you don't want to. The only thing you can't do 488 00:27:11,477 --> 00:27:15,206 "is to say anything or do anything which is going to prevent it from taking place. 489 00:27:15,206 --> 00:27:19,395 "If you don't want to be part of it, then at least step out of the way." 490 00:27:19,395 --> 00:27:23,290 So I think that, because it's really hard 491 00:27:23,290 --> 00:27:25,869 to get new innovations to happen in education. 492 00:27:25,869 --> 00:27:31,619 Education has always progressed incrementally, and the problem is now, 493 00:27:31,619 --> 00:27:34,485 the world's moving so fast that that incremental shift 494 00:27:34,485 --> 00:27:36,160 isn't going to cut it anymore. 495 00:27:36,160 --> 00:27:38,448 - This is coming through as a theme which I'm sure is in the back 496 00:27:38,448 --> 00:27:41,348 of almost everyone's mind in the audience here, all the delegates, 497 00:27:41,348 --> 00:27:44,271 but this is continuing this, David. 498 00:27:44,271 --> 00:27:48,871 How can we integrate the shift in the organization's core as mainstream? 499 00:27:48,871 --> 00:27:52,290 How can we change the working way of people, 500 00:27:52,290 --> 00:27:54,700 change, appreciate the opportunities? 501 00:27:54,700 --> 00:27:57,638 I'm interpreting now, this question. 502 00:27:57,638 --> 00:28:00,947 - Well, again I come back to involving the learners. 503 00:28:00,947 --> 00:28:06,367 I've kind of been involved in music education for a while 504 00:28:06,367 --> 00:28:09,570 because I was a musician before I got a real job. 505 00:28:09,570 --> 00:28:17,883 And one of the programs I introduced was pretty radical 506 00:28:17,883 --> 00:28:20,195 because it was about starting with the kids' musical interests, 507 00:28:20,195 --> 00:28:22,641 and at the time, teachers said, "But we don't know anything 508 00:28:22,641 --> 00:28:24,210 "about hip-hop." 509 00:28:24,210 --> 00:28:26,320 And I'd say to people, "Yes, but you've got a pair of ears. 510 00:28:26,320 --> 00:28:28,116 "You can help these students." 511 00:28:28,116 --> 00:28:32,526 I think what happens is that when educators see the impact 512 00:28:32,526 --> 00:28:36,417 that it's having on students, that innovation is having on their lives, 513 00:28:36,417 --> 00:28:41,734 you hope that most of them will accept the need to change. 514 00:28:41,734 --> 00:28:44,600 And in the process of changing, it seems to me that 515 00:28:44,600 --> 00:28:46,852 you're not just changing the pedagogy, 516 00:28:46,852 --> 00:28:50,645 you're changing the relationship with your students. 517 00:28:50,645 --> 00:28:55,665 And that is the big emotive pull, it seems to me, for educators. 518 00:28:55,665 --> 00:28:58,560 When you become a learner alongside those students, 519 00:28:58,560 --> 00:29:02,296 that fundamentally changes the nature of that relationship. 520 00:29:02,296 --> 00:29:07,964 But we've become so used to seeing educators as the experts 521 00:29:07,964 --> 00:29:12,080 that most people are terrified of taking that particular hat off 522 00:29:12,080 --> 00:29:13,951 and putting the learner hat on. 523 00:29:13,951 --> 00:29:17,646 - All right, David, one last question. 524 00:29:17,646 --> 00:29:20,807 When will companies step up to the plate, based on something 525 00:29:20,807 --> 00:29:25,952 you were saying earlier, and truly hire based on competence and not degrees? 526 00:29:25,952 --> 00:29:27,570 That's from Daniel Evans, last question. 527 00:29:27,570 --> 00:29:31,910 - Yeah, well, Google has now got, I think, Cory would know this. 528 00:29:31,910 --> 00:29:35,357 Is it 14% of their hires now don't have a degree? 529 00:29:35,357 --> 00:29:38,447 - I don't know the number, but what they've decided 530 00:29:38,447 --> 00:29:41,765 is that they can get around the tight labor market, 531 00:29:41,765 --> 00:29:43,886 where they're competing with Facebook for every new hire 532 00:29:43,886 --> 00:29:46,872 and bidding them up, by hiring people Facebook wouldn't hire, 533 00:29:46,872 --> 00:29:49,484 people without degrees who nevertheless do good work. 534 00:29:49,484 --> 00:29:51,609 And they did double-blinded experiments internally 535 00:29:51,609 --> 00:29:54,084 with their HR department that showed that the degrees 536 00:29:54,084 --> 00:29:55,624 were irrelevant to the performance. 537 00:29:55,624 --> 00:29:58,300 And so, they're doing what's commercially smart. 538 00:29:58,300 --> 00:30:00,911 - Yeah, and I think there's a kind of trickle-down effect, 539 00:30:00,911 --> 00:30:05,579 so Ernst & Young have said they are no longer going to hire people on degrees. 540 00:30:05,579 --> 00:30:08,921 They've got other ways of assessing their competence and capability. 541 00:30:08,921 --> 00:30:12,344 So I think we'll start to see this, increasingly so. 542 00:30:12,344 --> 00:30:18,077 And also, as the currency of the degree, as what it means, diminishes, 543 00:30:18,077 --> 00:30:22,351 and I do believe it will diminish, I think that people will start to say, 544 00:30:22,351 --> 00:30:27,659 "Well, hang on, why are we simply hiring on the basis of a degree?" 545 00:30:27,659 --> 00:30:32,326 So, I think it will take time, but it's on its way and it's inevitable. 546 00:30:32,326 --> 00:30:34,546 - All right, David, thank you very much indeed. 547 00:30:34,546 --> 00:30:35,510 - Thank you. 548 00:30:35,510 --> 00:30:38,441 (applause)