Following its Nasdaq (IXIC) debut this week, the online learning platform Coursera (COUR) experienced a significant surge. Coursera’s revenue increased by 60% last year, and CEO Jeff Maggioncalda predicts that online learning will remain popular even after the pandemic has passed.
“The world needs more high-quality learning opportunities….” There will be a change to a new normal. We have no idea how we will function remotely versus in an office, or how we will learn online and on campus. But it’s clear that the world will never be the same, and that online learning will play a significant role in that,” he told Yahoo Finance Live.
“As the world becomes more interactive, we really think about the long term, all the systemic factors why people will continue to learn new skills constantly across their lives,” he said.
Coursera is looking to broaden its degree and credential programs, for example. According to Maggioncalda, the organization will use technology to disrupt conventional degree offerings.
“What we’ve seen for centuries is that college degrees are the most meaningful, recognized learning credential that there is, and the credential type hasn’t really innovated that much over the last period of history. We think with technology, the ability to create not only degrees but other types of credentials,” he said.
“It will be a portfolio of credentials. We believe that will serve lifelong learning needs in a world where people need to keep learning, even as they’re working,” he added. –Yahoo