I am as interested and excited as anyone to imagine the future, but as an educator I feel that we ought to bestow some of our received wisdom upon a generation who have been weaned on technology. In fact I would go so far as to say that it is our obligation to inject some healthy cynicism into the mix.
I am part of Generation Y. Apparently I am sophisticated, tech-wise and immune to most traditional marketing. I see beyond brand loyalty and embrace the flexibility the internet has afforded me.
There is, however, a certain irony in all of this: only a couple of months ago I wasn’t even on Twitter. Now that I have finally embraced the digital revolution I have been told that Twitter is on its way out. User growth has stalled and the site is losing out to the Generation Z-friendly features of WhatsApp, instagram, Snapchat, Periscope and Meerkat.
What is clear is that whatever advantage I have in being born after the invention of the BBC Micro, it is of limited use when compared to Generation Z. Today’s tech darling is tomorrow’s tech dinosaur and Generation Z will have a seemingly innate flexibility to flit between social media platforms as they ebb and flow in popularity.
Exactly what will define Generation Z we do not yet know, but what is certain is that students who grow up in the developed world will know a very different future. For them the internet, smartphones, social media and something computer scientists affectionately call a petascale are normalised. There is seemingly no alternative.
As a consequence education establishments will change for students of Generation Z.
Higher levels of technology are already giving rise to what are known as “Steve Jobs schools” – teaching environments in which pupils take charge of their own learning via adaptive programmes accessed through iPads enabling students to progress in maths and languages at their own pace. The Netherlands is leading the way on this.
What is also changing is the world of work. As an employer I will now Google anyone who applies for a job at the school I work for. I will check their Facebook, Twitter and LinkedIn profiles. I will make a mental note of how many of their photo albums depict them partying or broadcasting an image of themselves to the world engaged in potentially brand damaging behaviour. If the teaching profession did not always have a slightly unrealistic expectation of the superhuman qualities expected of its members it does now and will increasingly do so in the future.
Recruiters already have access to increasingly sophisticated software that can conduct a search of any applicant’s online digital archive. And be under no illusions, Facebook, Twitter and other social media channels are just that: a permanent record of behaviour.
As I mentioned above one of the strengths of Generation Z will be their ability to move seamlessly between these platforms but the pitfalls and possibilities of this are worth spelling out to our children.
A Generation Z pupil with a social media savvy parent will be able to craft their online profile in such a way that it serves as a portfolio of their child’s exemplary existence from their painless birth through their prodigious acquisition of three languages by the age of 4 to their performance on the global stage by their early teens.
It will form a powerful adjunct to their personal statements and a useful evidence base to underpin the broad ranging expectations of college and university applications.
For parents with limited interest or knowledge, however, a student with unbridled access to social media will leave a potentially damaging shadow of their existence littered across cyberspace. This is what used to be called our digital footprint but has more recently been aptly renamed as a digital tattoo on account of its indelible nature.
A recent article in New Scientist called: “Is it possible to permanently delete a social media profile?” is a must read for everyone. If you think that it is overstating the case to say that “just one post” will get you into trouble, think again.
That is why this week Dubai College has invited a UK specialist on the subject to join us. For the first time we are all putting our hands up as parents, pupils and staff to ask for help. As Socrates once said, the greatest knowledge is in knowing you know nothing.
Michael Lambert is headmaster of Dubai College
Crime%20Wave
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The%20specs
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PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
The specs
Engine: 2.0-litre turbo 4-cyl
Transmission: eight-speed auto
Power: 190bhp
Torque: 300Nm
Price: Dh169,900
On sale: now
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The%20specs
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
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.”
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
Company%20Profile
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