There is a new digital reality on everyone's lips; the metaverse. Being touted by Facebook as the "next chapter of the internet", many believe that it is nothing more than a diversion to deflect from the company’s tarnished public reputation. But it is likely to be far more than that.
We mustn't overlook what an augmented world could mean for education. Everything, from the night’s sky to a race car, will be transformed into a next-generation learning opportunity. The classroom could be transported anywhere from the Arctic to the Large Hadron Collider. Before we criticise the metaverse, we must not forget just how revolutionary it will be for education systems and students across the world.
Since early 2020 global education settings have been adapting to change, with 91 per cent of students worldwide having their education disrupted by the pandemic, according to Unicef. Educators everywhere reacted quickly. Overnight, remote learning became normal. As a result, access to technology was seen as more of a basic right than a privilege.
It will allow children to learn without them realising it, which is the holy grail of education
If we can embrace technology as a learning tool quickly in a pandemic, then we can just as easily become early adopters of the metaverse.
The term metaverse was coined in 1992 by science fiction writer Neal Stephenson. Today his vision is creeping closer to reality. The metaverse is a digital universe that can be accessed through virtual and augmented reality. Not only will it involve entire VR or virtual reality spaces, it will also allow a layer of digital information to be overlaid on to the real world though digital headsets or glasses.
This could change education systems across the world because, simply, the metaverse will allow anything to become a learning opportunity. For teachers, it will help break down the artificial siloing of subjects, which can be a typical feature of outdated curriculums.
For example, a teacher could show their students a race car. They could then display how it was built, how fast it goes and what temperature and speed the tires can withstand. With such scenarios experienced, the relevance of key theories learnt in school take on new meaning and relevance, while also allowing educators the chance to bridge gaps and teach nuance in the theory-to-action step that has been missing.
If this sounds far-fetched, here in the UK, Bradfield College’s tech department and teaching staff, responding to the pandemic, took on the challenge of creating their own VR-based teaching and learning scenarios in different subjects – History, Science and Geography; allowing students to experience elements of these subjects in detail never before achieved and the students have been hooked. So even if on a small scale, it is happening already – the question is one of mass adoption and affordability across countries.
Furthermore while the feedback from Bradfield’s own students in the early stage of their VR venture can currently be called anecdotal, longer studies in classrooms in China have shown that VR use has proven to have huge impact in test result efficacy, where students who got the "C grade", using VR learning immersion, outperformed the "A grade" students.
This contextual learning experience will cut through the fields of science, engineering and mathematics. Instead, students will be presented with a real-world example that fuses all three disciplines into one, holistic, engaging learning experience.
Education syllabuses have a perennial problem; they struggle to keep up with an ever-changing world. Many will remember a time when math students were told they wouldn’t always have a calculator in their pocket. Little did they know about mobile phones back then.
The metaverse can aid this problem. It will enable up-to-date, expert analysis to be embedded all over the real world. We could look up to the night’s sky, and have Neil deGrasse Tyson explain the structure of the MilkyWay. Expertise will come from anywhere, not just from textbooks and classrooms.
Yet it is not just the current curriculum that is outdated, but our ways of learning. Written exams are of little use at providing the practical education needed for a variety of vocational skills in life.
Imagine if, instead of a written exam, through VR an apprentice could gain hands-on experience in wiring a plug, fixing a blocked drain or even performing an operation, all without the dangerous, real world consequences. The science is conclusive on this; learning by doing trumps learning by memorisation, every time.
As with any new technology, it is our duty as parents and teachers to exercise caution. Many parents may wonder whether the metaverse will simply add more addictive screen-time to children’s days. Yet this is a reason to manage our children’s engagement with the metaverse, and not simply ban it.
Take the internet; most schools and parents are able to place parental blocks on certain websites and set screen time allowances. There is no reason we cannot place the same controls on access to the metaverse. While we are aware of the ill effects of the internet, I believe that it has been a net-benefit for education across the world. The same will be true of the metaverse.
Today's generation are already natives to primitive forms of the metaverse. Games like Minecraft, which encourage organic collaboration amongst anonymous users, have attracted some 140 million players worldwide.
Herein lies a key benefit of learning in the metaverse; it can "gamify" learning. In other words, the virtual, collaborative and task-oriented nature of the metaverse will allow children to learn without them realising it, which is the holy grail of education.
Studies have repeatedly shown that learning is most effective when it's fun. Gamification of learning is the future of education. This is what makes the metaverse a natural fit for the classroom.
The metaverse is another stage in the evolution of the internet. The internet allowed us to have the entire canon of human knowledge at our fingertips. The metaverse could deliver far more to the students of tomorrow, but that’s only if we let it.
Top 10 most polluted cities
- Bhiwadi, India
- Ghaziabad, India
- Hotan, China
- Delhi, India
- Jaunpur, India
- Faisalabad, Pakistan
- Noida, India
- Bahawalpur, Pakistan
- Peshawar, Pakistan
- Bagpat, India
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
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The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”