Davos, Switzerland - January 26, 2011:
The McGraw-Hill Companies (NYSE: MHP), a premier global financial information and education company, and Wipro, a leading technology solutions provider, will work together to develop “mConnect, ” an open-standard mobile learning platform designed to bridge the skills gap in emerging markets. Initial pilots in India will focus on the most critical needs for India’s students and workers: test preparation for entrance into universities that will best prepare them for the workplace and English Language Training, an increasingly essential skill in the global economy. The intention is to extend this program later to other countries in Asia and Africa.
mConnect will offer low-income, rural or otherwise underserved students and workers personalized, adaptive education and assessment programs that can provide direct feedback in multiple modalities through cell phones, laptops and other mobile devices. For students who want to establish and advance their careers by learning English, for example, mConnect will provide opportunities to hear conversations, review new vocabulary delivered via SMS and get personalized instructions that customizes the pace and presentation of material to match their learning needs.
“Through advancements in mobile learning, McGraw-Hill and Wipro have an unprecedented opportunity to deliver high-quality, low-cost education to students and workers in rural areas and cities with limited access to resources,” said Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies, who made the announcement in Davos. “In a country with more than 700 million cell phones, mobile learning will help level the playing field for education in India in ways never possible before, The success of our pilots in India will serve as a powerful example of how businesses, schools and governments around the world can harness the power of mobile learning to give more people the skills to succeed in the Global Knowledge Economy.”
“High-quality education is fundamental to the growth of a nation. We at Wipro are fully committed to launching the next generation of educational ideas and tools—leveraging the potential of our connected world—mobile devices, laptops, pads and other devices,” said Azim Premji, Chairman Wipro Limited. “The goal is to use mConnect as a way to improve the efficiency, effectiveness and reach of education across the globe. We have made this an area of strategic investment and are honored, as a long-term partner of McGraw-Hill, to be part of this unique opportunity – to blend our expertise in technology along with world-class educational systems and content. This is a business initiative that we both believe can truly make a positive difference.” Mr. Premji is also in Davos, where he will join Mr. McGraw in leading a World Economic Forum discussion to address the global talent crisis.
India provides an important development ground for mConnect. The country is home to a growing, young workforce hungry for access to high-quality education to improve their career prospects. According to mobileyouth.org, by 2012, one in five of all mobile phones in use worldwide will be owned by a young person in India. Currently, one hundred million mobile phones are owned by the youth in rural areas, who use them on an average of 5.5 hours per day. Even within the population of Indian students with access to university education, according to a recent World Economic Forum report on the global talent crisis, only 25 percent of those graduates are considered employable by multinational companies today. Given this staggering data, mobile learning is uniquely positioned to overcome historic boundaries of distance, infrastructure and economic status, and harness the prolific and growing use of mobile devices to engage these myriad audiences.
Specifically, mobile learning offers the ability to:
- Bring learning directly to the student, thereby bridging the geographic distances between students and their schools
- Allow learners to study anywhere and at anytime, improving their ability to balance work and study
- Personalize and customize instruction by providing a means for teachers to provide relevant, individualized feedback to every student according to his ability to receive it both personally and technically
- Encourage feedback and early intervention by teachers
- Centralize curricula and ensure that content is continually updated
- Create a more engaging, interactive experience, which has been shown to foster better learning outcomes
“We are excited by the potential of mobile learning, which will free educational institutions from the constraints of geography, space and even time, and will enable us to deliver affordable, quality education to a large numbers of aspiring students anytime, anywhere,” said Dr. Ajit Rangnekar, Dean of the Indian School of Business in Hyderabad.
Amitava Bose, professor and former director of the Indian Institute of Management Calcutta, added, “Modern economic growth is being driven less and less by raw labor power and more and more by skilled manpower. There is a shortage of skills, but a large reservoir of labor waiting to be tapped. The proposed partnership between McGraw-Hill and Wipro should help speed up the required transformation of unskilled to skilled manpower by significantly increasing accessibility of training -- in English Language proficiency and other necessary skills -- among the younger population.”
Most cell phones in emerging markets today, including India, are SMS-based, 2G phones. In the near future, analysts foresee an era when inexpensive mobile devices and phones will offer web browsing capabilities. These devices will usher in a new era of mobile education applications, and mConnect will be well-positioned to help students acquire the sought-after skills required by employers.
Additional Facts and Figures about the Mobile Device Market:
- There are 5.3 billion mobile phone subscriptions worldwide. (Source: International Telecommunications Union)
- In the developing world, mobile cellular penetration rates to reach 68% at the end of 2010—mainly driven by the Asia Pacific region. (Source: International Telecommunications Union)
- By 2013, the number of smart phones worldwide will surpass PCs, 1.82 billion to 1.78 billion. (Source: Gartner Research)
- There are 833 million cell phone subscribers in China. (Source: Reuters)
- In India, there are 706 million cell phone subscribers, equivalent to about 60% of the population. (Source: Telecom Regulatory Authority of India)
About McGraw-Hill Education:
McGraw-Hill Education is a premier provider of teaching and learning programs for the 21st century post-secondary and education markets worldwide. Through a comprehensive range of traditional and digital education content and tools, McGraw-Hill Education empowers educators and prepares professionals and students of all ages to connect, learn and succeed in the global economy. McGraw-Hill Education, a division of The McGraw-Hill Companies has offices in 33 countries and publishes in more than 65 languages. Additional information is available at http://www.mheducation.com/.
About The McGraw-Hill Companies:
McGraw-Hill is a global education and financial information company with leading brands including McGraw-Hill Education, Standard & Poor’s, CRISIL, Platts, and J.D. Power. These brands share a commitment to creating a smarter, better world where everyone can succeed in the knowledge economy. Around the world, the company is serving this mission by personalizing education around the needs of students, and by providing the financial and business information that markets need to grow. With approximately 21,000 employees worldwide, McGraw-Hill has more than 280 offices in 40 countries. Wherever the company operates, it is committed to responsible business practices that enhance the economic, social and environmental well-being of the communities where we work and live.
Investor Relations: http://www.mcgraw-hill.com/investor_relations
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About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and on-site development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including system integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering systems integration, network integration, software solutions and IT services.
Wipro also has a strong presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our website at www.wipro.com
Contacts:
Jason Feuchtwanger
The McGraw-Hill Companies
212-512-3151
jason_feuchtwanger@mcgraw-hill.com
Rajan Kohli
Wipro Technologies
+41 792 012 843
rajan.kohli@wipro.com
