This story is about how Sal Khan - an MIT + HBS graduate, who was initially an Analyst at a hedge fund, wishes to reinvent education at all levls with the use of technology - videos, charts, reports, analytics.
He has founded the Khan Academy (www.khanacademy.org) which shares with the world for free - a video library with videos on topics ranging from simple addition to calculus, computer graphics, genetics and much more, for students, and graphical metrics, charts and reports for the teachers which track students' statistics in real time.
A true paradigm shift!
The Khan Academy is a small team with about 6 people to its core - elites from MIT, Harvards, Stanford who have worked in the fields of Finance, Consulting and Computer Graphics and Design.
Aim - To impart access to best in class education material - in the form of videos - and a system which caters to the individual educational needs of the students.
Impact - Reinventing the education system. aiming for mastery and not just grades, providing structure to topics using knowledge maps
Reach - Schools, colleges, institutes throughout the world
The following Inefficiencies in the current education system were the triggers -
1. Typical "one size fits all" classroom style education not being effective 2. Chance of using technology and social media - currently missing by a great extent 3. Lack of structure in the education syllabus 4. Typical stereotype tracking and benchmarking of students based on grades
Key Innovations & Timeline
I shall leave this section for the founder
Challenges & Solutions
The founder would be the ideal person to comment here. I am only a propagator of the concept.