On March 20th, 2019, the forum entitled "Advanced Technology, Education, and Investment: The Impact of Investment Wave and New Technologies on the Education in U.S. and China" forum was successfully held at the Fourth US-China Smart Education Conference in Denton, USA. The forum was jointly organized by the National Engineering Laboratory for Cyberlearning Intelligent Technology (NEL4CIT) and Smart Learning Institute of Beijing Normal University (SLIBNU).
Nowadays science and technology are rapidly developing, and the wave of investment is surging. The advancement of age has brought new opportunities and challenges to education, gradually deepening the international exchanges and cooperation in education. The forum was hosted by Prof. Junfeng Yang from Hangzhou Normal University, and invited some enterprise representatives from Elernity, Dell Technologies, Micro Language, etc., and professors of Southwest University to report on the hot topics such as investment and financing in the education industry, as well as the impact of new technologies on education.
Guests of the Forum
Prof. Junfeng Yang
Emil Chen, Vice President of Elernity, reported on "The Way for Elernity to Set Sail", introducing the exploration, development, and the internationalization strategy of Elernity. Elernity has transferred the innovative gene of game developing to education, emphasizing on learning content and teaching tools of education business, and gradually formed a business model focusing on "learning content production" and "teaching tool innovation", which has achieved initial success in the global market. Elernity’s ultimate goal in education is to build an international first-class lifelong education ecosystem. This ecosystem includes the education business covering all stages of life from three links of the ecological chain: hardware, tools and content.
Mr. Emil Chen
Prof. Geping Liu from Southwest University delivered a report entitled "Research and Practice of Smart Campus in Chinese Universities", including four parts: the development of IT, as well as the research, planning and design, and practice of smart campus. This report introduces in detail the application and development of AI, big data, cloud computing and other technologies in the construction of smart campus in Chinese universities.
Prof. Geping Liu
Ms. Chunna Zhu, founder and CEO of Micro Language, delivered a report entitled "Mega Trends, and Micro Language; Learning happily, and working joyfully". Ms. Zhu said that there were many limitations of foreign language teaching in China, such as a large student population, a wide area, inadequate learning resources, insufficient opportunities for practice, and a severe lack of language teachers' capabilities. Micro Language provides a foreign language teaching model with two-teacher interaction based on modern IT, which actually implements the progress of modern IT into foreign language learning. It has changed the form of activities in foreign language classes, becoming teaching assistant to Chinese foreign language teachers, and improved students' learning enthusiasm and learning effect, promoting the reform of foreign language education.
Ms. Chunna Zhu
Breck Dewitt, Dell Technologies' Chief Technical Officer of Higher Education, delivered a report on “Technologies in China and the U.S. is Changing Education”. According to Mr. Breck, digital trends are reshaping our lives and education. By 2030, 85% of the jobs will remain unknown, and 35% of technologies that are important today will change in the future. Will people be ready when the future comes? Dell surveyed 12,000 students in high schools and college from around the world and found that those born in the mid-1990s and beyond were enthusiastic about technology. But these digital natives are uncertain about the overall preparation of workforce. The research shows that due to various digital skills and attitudes towards emerging technologies, experienced professionals fear that most future leadership positions will be filled by digital natives. With rich IT education resources, Dell has worked with universities to prepare for future leadership in virtualization, cloud computing and data analysis.
Mr. Breck Dewitt
Chenggang Huang, Director of Strategic Investment of Elernity, gave a report on " 2018 Report in Investment and Financing Report of China's Education Industry". According to Mr. Huang, in the first 11 months of 2018, the total amount of equity investment market in China was approximately 1.15 trillion yuan, with the investment amount reaching 1.03 trillion yuan. In the IPO market, the number of Chinese enterprises' IPOs dropped to 203 in the first 11 months of 2018, including 103 oversea listed companies and 100 domestic ones. From January to November 2018, the number of multi-million-level financing projects increased by 14, and the number of multi-level financing projects doubled year on year, reaching 90. In terms of the educational sub-industries, quality education, K12 and vocational education have relatively more financing time. For listed companies, education giants like New Oriental Education, TAL Education Group, as well as the Internet giant, Tencent, have many investment cases in the education industry, and they mainly arrange the racing track of K12 education. The Capital’s acceptance of online quality education has been improved, and three major racing tracks of online education projects, namely, literacy education, scientific creation and children's English, have attracted more attention.
Mr. Chenggang Huang
At the end of the forum, the Fourth US-China Smart Education Conference also drew to a close. At the closing ceremony held at the University of North Texas (UNT), Dr. Peter Balyta, President of the Education Technology Department of Texas Instruments, delivered a report entitled "Designing the Future through STEM Education". It emphasizes the role that industry and academia must play in training students' STEM ability, and shares the methods of how to cooperate with partners to improve teachers' STEM teaching efficiency and students' achievement in STEM subjects. By observing the STEM course in K12 stage and the educational elements in university learning environment, we can ensure that students are well prepared for their careers when they graduate.
Dr. Peter Balyta
Prof. Ronghuai Huang, Director of NEL4CIT and SLIBNU, introduced the summary report of “Transforming Education through Intelligent Technology: A Comparison Report of China and U.S.”, which is the crystallization of wisdom of nearly 100 experts in education technology. Meanwhile, Prof. Huang announced the Fifth US-China Smart Education Conference in Beijing, and invited experts from around the world to gather together to enjoy this academic feast in Beijing.
Prof. Ronghuai Huang