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- Title
Economics of the Ed Tech Revolution.
- Authors
Lyons, Richard K.
- Abstract
Rapid changes in technology--including advances in augmented and artificial intelligence, machine learning, and mobile--are paving the way for significant changes not only in the channels through which education is delivered but in how education itself is structured. This article identifies eight ways in which education technology can change how learning is facilitated and who will facilitate that learning. Basic economic principles then provide a framework for thinking about how these changes will be embedded over time as education increasingly becomes a durable good providing increasing returns through network effects.
- Subjects
EDUCATIONAL technology; TECHNOLOGICAL innovations &; economics; NEW product development management; EDUCATION &; economics; STRATEGIC planning; ECONOMICS; COMPUTER network resources
- Publication
California Management Review, 2017, Vol 59, Issue 4, p49
- ISSN
0008-1256
- Publication type
Article
- DOI
10.1177/0008125617717708