Next Investors logo grey

Investing in the future of education


Published 14-MAY-2020 15:05 P.M.


4 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

OpenLearning Limited (ASX:OLL) Co-Founder & Group CEO Adam Brimo speaks with The Capital Network’s Executive Director Lelde Smits and discusses the higher education and professional development industries, outlining how they are evolving.

While the higher education and professional development industries have traditionally been viewed as conservative and resistant to change, Adam details how OpenLearning is providing new options through leveraging technology and providing new skills to students for upskilling throughout their careers for ‘lifelong learning’.

You can read the full transcript below:

Lelde Smits (LS): Hello, I'm Lelde Smits for The Capital Network, and joining me here at OpenLearning Limited’s (ASX:OLL) headquarters in Sydney is its Group CEO Adam Brimo. Adam, welcome.

Adam Brimo (AB): Thank you. Nice to be here.

LS: Now, Adam, you're operating, OpenLearning is operating in the higher education and professional development sectors, can you tell us where the greatest opportunity lies in this market?

AB: Higher education and professional development really comprises all of the universities in Australia – all of the private higher education providers, a number of colleges and industry associations.

And then you also have a large amount of corporate and professional training companies. So, in total there's about sixteen thousand organisations in this sector in Australia. But a lot of the work that we do is probably concentrated, at least in the early stages, in the universities and private higher education providers.

LS: These sectors are generally seen as pretty stagnant, conservative, slow to adopt change. Where do you see the opportunities in providing them with the new option for a new century of technology?

AB: The challenge that all of the institutions are facing is that the society in general in the workforce requires a whole new set of skills, and they require different skills at different stages of their life. So, whereas previously people may have studied at a university for a few years after high school, then worked for ten to twenty years, then gone back to do a master's degree. Or they may have started off at TAFE or a vocational college, and then, you know, work for ten to twenty years.

Now people are actually looking at lifelong learning. We're looking at upskilling throughout their career. So rather than doing multiple degrees, someone might do an undergraduate degree and then take a short course once a year for the next ten to twenty years of their life and develop new skills. Now, what this means is that all of these education providers have to come up with new and different offerings that meet the needs of the workforce when those needs arise. And it's hard to predict what those needs might be. So, institutions are now trying to come up with programs that teach some of the fundamental thinking skills – critical thinking, analytical thinking, problem solving – and then match that with more of the technical skills like data analytics, cyber security.

And that's really where the challenge and the opportunities exist for a lot of these institutions, and restructuring their offering so they can deliver shorter courses throughout somebody's life, rather than longer degrees that they may take once in their life.

LS: We're certainly always hearing about the changing nature of work and upskilling, and you mentioned lifelong learning.

Can you tell us how this offering works or how it would look like from a student's perspective? So, if you know, as many of us do, we need to upskill – when you go to a higher education or professional development service that's utilising OpenLearning – how is the student experience going to be different?

AB: A traditional online learning experience is usually one where students are watching a video, reading documents, looking at PowerPoint slides, and then there's probably a quiz to see if they remembered what they just read. What OpenLearning does is it transforms that experience into something which is much more interactive and much more engaging.

On OpenLearning, students are actually engaging with the community, they're working on projects together, solving problems, getting to know people, and it's through that collaboration interaction that they can develop much better critical thinking and analytical thinking and problem-solving skills.

What we do is we work with education providers like these universities and colleges and industry associations to transform their content from that traditional passive style of learning into one which is much more active and engaging, so that students develop the skills that society needs in the future.

LS: Excellent. Well, Adam, thank you for the insights today on OpenLearning and the industry overall.

AB: Thank you very much.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.