1 00:00:00,390 --> 00:00:04,140 So, how fast will these studies trickle to improvements on 2 00:00:04,140 --> 00:00:08,331 the MOOC format, or even improvements in education in general? 3 00:00:08,331 --> 00:00:10,856 Well, pretty fast, I would say. 4 00:00:10,856 --> 00:00:13,490 To explain this, I'll need to describe how startups work. 5 00:00:14,770 --> 00:00:17,495 Here's the startup iteration cycle. 6 00:00:17,495 --> 00:00:22,396 We see that we have a product, such as the Coursera portal for Coursera. 7 00:00:22,396 --> 00:00:25,272 It can be used to measure all kinds of data. 8 00:00:25,272 --> 00:00:28,032 That could be via A/B testing, for instance, 9 00:00:28,032 --> 00:00:30,447 as I just explained, or maybe using other 10 00:00:30,447 --> 00:00:33,690 metrics, enrollment in a course or the click-through 11 00:00:33,690 --> 00:00:36,442 on emails that have been sent to the students. 12 00:00:36,442 --> 00:00:38,458 Armed with all this data, the startup 13 00:00:38,458 --> 00:00:40,978 engineers can learn about areas that would need 14 00:00:40,978 --> 00:00:46,230 improvement, and they can generate new ideas and things to do and build that in. 15 00:00:46,230 --> 00:00:48,830 The whole cycle is not groundbreaking, sure. 16 00:00:48,830 --> 00:00:50,230 I'm not claiming it is. 17 00:00:50,230 --> 00:00:53,280 The difference is that this cycle is not bothered 18 00:00:53,280 --> 00:00:56,320 by the usual very slow methodology of education research. 19 00:00:57,720 --> 00:01:01,685 Sure, this data can be spun off into papers, and that's what education 20 00:01:01,685 --> 00:01:06,312 researchers have to do, are currently doing, because that's what their job is. 21 00:01:06,312 --> 00:01:08,284 But, by the time those studies are 22 00:01:08,284 --> 00:01:11,140 published, the engineers will have already gone 23 00:01:11,140 --> 00:01:13,860 through several iterations of this cycle, and 24 00:01:13,860 --> 00:01:17,124 the newly published results will already be obsolete. 25 00:01:17,124 --> 00:01:21,188 They'll, they will already have improved the platform. 26 00:01:21,188 --> 00:01:25,878 The big, big, difference with five years ago is that now education is the next area 27 00:01:25,878 --> 00:01:28,692 where software engineers can make an impact, and 28 00:01:28,692 --> 00:01:31,704 hundreds are working on making it more efficient. 29 00:01:31,704 --> 00:01:36,480 This is completely new, and you can expect it to show effects very, very fast. 30 00:01:37,530 --> 00:01:40,282 Just as for many other industries that you know of, 31 00:01:40,282 --> 00:01:43,690 such as the book industry, the travel industry, et cetera.