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Ben Nelson says the primary purpose of a university isn't to prepare students for a career. It's to prepare them for life. And he now has $70 million to prove his point. Nelson is the founder and CEO of a new experiment in higher education called Minerva Project. He says when it comes to learning, job training is the easy part. With the emergence of online courses, it's easier and cheaper than ever to acquire the hard skills you need to land a job. "Why would you spend a quarter of a million dollars and four years to learn to code in Python?" he says. "If that's the role of universities, you'd have to be insane to go to universities."

By Jeremiah Owyang with Andrew Jones, Christine Tran, and Andrew Nguyen Includes input from 63 ecosystem contributors, survey data from 144 social business program managers, and analysis of 50 social media crises

Executives expect that new digital tech will transform their businesses, but admit their companies are far from prepared. (via @McKinsey)

"With the rise of texting, instant chat and transcription apps, more people are ditching the venerable tool that once revolutionized the telephone business, displaced armies of secretaries and allowed us to eat dinner more or less in peace. The behavioral shift is occurring in tandem with the irreversible fading of voice calls in general, prompting more wireless carriers to offer unlimited voice minutes. In data prepared for USA Today, Vonage, an Internet phone company, says the number of voice-mail messages left on user accounts was down 8 percent in July from a year ago."