Let’s Make A Deal

Career College Central summary:

  • As the billion-dollar education technology industry holds what has become its primary gathering here this week, the onus is on vendors to show they can produce not only profits, but also improved outcomes. The rise of the Education Innovation Summit, organized by Arizona State University and the investment firm GSV Advisors, has in some ways mirrored the ed-tech boom of the last few years. When the conference was established in 2009, it drew about 300 entrepreneurs and investors, but the event soon outgrew ASU’s Scottsdale Innovation Center.
  • In the span of five years, attendance has ballooned to more than 2,000. Organizers last year moved it to the Phoenician, the ritzy resort at the foot of Camelback Mountain, and this year, former Florida Governor Jeb Bush, Earvin (Magic) Johnson and Netflix CEO Reed Hastings headline the event. But even with a larger venue, more prominent speakers and record-high demand (last-minute registrants were greeted with a waitlist), some attendees said the summit is still light on results.
  • “At a national level, there is no evidence that educational technology has reduced the cost of education yet or improved the efficacy of education,” said Brandon Busteed, executive director of Gallup Education. “And that’s just as true as it gets. Maybe there will be some day, but that’s the question: How much longer do we think it will take before we can detect movement on the national needle?”

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