Forgive me. I've opted for a woefully misleading post title.
Why? Because when the UK Government announced its new EdTech Strategy and a 'new era' for education this month, I felt just as misled.
With narrow definitions, small-scale investment and a public-pleasing focus on teachers, the UK may have missed an opportunity to lead in EdTech - a sector I believe will be exciting to watch over the next few years.
The unbundling of learning
The UK's new £10m investment in revamping schools' technology infrastructure comes with plenty of positives. Research often highlights how outdated approaches and adoption of technology in the classroom are holding back children and teachers alike.
But it's a shame - and ironic - to see the UK's leading experts failing to learn from recent parallels and applying such a narrow lens to the commercial and societal potential of EdTech. Most glaringly it fails to acknowledge a wholesale shift in our global definition of 'education', which extends well beyond the classroom and well beyond our childhood.
The way we deliver and receive early education is, rightly, being assessed and improved through new types of enablement technologies. But for the education sector, it is professional and vocational learning where you'll find more radical change taking place.
Spurred by new models of learning, delivery and monetisation, a wave of innovation is deconstructing the centralised, front-loaded approach to education. Entrepreneurs are honing in on core parts of the education stack, and iterating on them with new pricing models more aligned with the way buyers which they could pay. Bootcamp and nanodegree programmes that offer 'free' courses based on Income Share Agreements (ISAs) are just one example.
All of this fragmentation means we are seeing the 'unbundling' of education - much like we have seen in banking over the past decade.
Pouring on the rocket fuel
Venture funding is often a useful indicator for innovation and commercial opportunity hotspots. It's interesting, then, to compare the explosion in FinTech funding from 2012 - 2015, with funding for EdTech companies over the past few years.
Of course, the drivers are different. FinTech's recent rise was triggered by massive regulatory shifts, renewed calls for competition and significant loss of consumer trust in incumbents after the 2007-8 financial crisis.
Education, meanwhile, is being unbundled through other macro drivers like increasingly competitive job markets, growing skills gaps, generational finance tensions (hence the rising focus on Return On Investment of education among consumers) and the unprecedented expansion of the global middle class. The chronic undervaluing of more traditional education talent doesn't help, either.
With the wind of macro-level change in their sails, education startups are also tapping into a new set of technological possibilities. S-Curves like mobile, AR and autonomy, coupled with widespread adoption of marketplaces, smart assistants and sharing economy platforms, are creating incredibly fertile ground for new business models in education.
Here's a snapshot of EdTech funding over the past four years. Anything look familiar?
Growth and glorious failures
With macro change, new platforms and sufficient rocket fuel in the tank, what happens next?
In the short-term, we may see EdTech continuing to mirror the recent rise of FinTech: more fragmentation, plenty of experimentation and failures, a few high-profile exits and an M&A frenzy as incubments and challengers seek to re-bundle the stack.
This also means the way EdTech businesses communicate will need to change. With plenty of exceptions to the rules, this match-up shows how strategies will shift from broad to narrow.
Above all, it's the long-term impact of the unbundling of education we should really be excited about: radically different attitudes towards teaching and learning; a massive uplift in post-university education; and a 'nobody gets left behind' approach that opens up access.
Let's hope governments and regulators can keep up - because that's a future for education we can all get behind.
Education is being unbundled through macro drivers like increasingly competitive job markets, growing skills gaps, generational finance tensions and the unprecedented expansion of the global middle class.