What will education look like in the future?

Demographic and technological developments will make lifelong learning imperative.

Advances in technology will allow for greater personalization, engagement, and flexibility in learning.

Gone are the days when learning is just for the young. Older generations are perfectly capable of contributing to the new economy with the help of lifelong learning; their reschooling and ability to work longer will be an important driver of the jobs of tomorrow. Age is becoming less relevant to a person’s physical and mental fitness, when healthcare innovations make us dream about eternal life. Yet with around 50% of the population in high-income countries being 50 years or older, social systems can no longer justify retirement at 65 or earlier.

Accelerating technological change means postgraduate skills will have an earlier expiry date, compelling workers to acquire new skills. If a specialist skill requires 10,000 hours to master, having a life expectancy of 100 years—873,000 hours—will call for continuous investment to nurture new talents. Given the rising proportion of the labor force with a college degree, greater longevity suggests the demand for ongoing postgraduate education will grow as individuals retrain multiple times across their careers to “upskill” and “reskill.” Learning will shift from being heavily concentrated in the first 20 or so years of our lives to being more spread out across our professional career. At the same time, technology will facilitate a less capital-intensive delivery and more bespoke education with higher levels of personalization. These trends in education bode well for the private higher education sector, edtech learning platforms, and companies that have a superior record than their peers in training and developing their employees.

New enabling technologies will broaden access to learning and improve its quality at scale.

The education industry is so much more than a human standing in front of a class. It’s delivered through more comprehensive, less standardized methods, with numerous products, services, and infrastructures serving to meet the demand from this evolution. Until recently, assembling students in one physical location has been the biggest obstacle to scaling education. Today, technological developments are increasingly changing the look of the classroom—and what’s learned in it.

Technology enables education to scale efficiently, at a low incremental cost per student. Still at an emerging stage, the deployment of technology in the classroom—both physical and digital—is disrupting the marketplace as learning migrates from a capital- and talent-intensive brick-and-mortar business model into an experience built for the digital era. Technology will make it easier and less costly to deliver personalized education, empowering individuals to reskill over their lifetimes.

As education technology develops and platforms go global, learning will offer greater personalization, engagement, and flexibility. Through large-scale data processing, deep analysis of user behaviors, speech recognition, and automatic assessment, for example, artificial intelligence (AI) can make customized education available at a relatively low cost. At the same time, AI algorithms can tailor learning programs, including content and teaching methods, to suit individuals’ different modes of learning. And increasing internet penetration broadens access via edtech, allowing students to study whenever and wherever they want. Edtech also supports ubiquitous lifelong learning by bringing education closer to the needs of companies and their employees.

The changes in how we learn will open investment opportunities in edtech companies and enabling technologies linked to AI, big data, and machine learning.