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The 5 Biggest Higher Education Tech Trends in 2016

Authored by Meghan Bogardus Cortez

EdTech

This year was ripe for higher ed innovation. Just take a look at coverage from EDUCAUSE, which highlights the trends that have flourished in 2016. Colleges across the country have transformed learning spaces, advanced their libraries technologically, and bolstered campus security.

Along with increases in cloud adoption, the rise of virtual reality and stronger cybersecurity programs, here’s a look back at the biggest higher ed tech trends of 2016.

1. Understanding the Power of Data

This year, data has been a huge factor for a lot of industries, higher education included. Tech decision-makers on a number of campuses have started to examine where data might fit into daily operations.

Data has also powered some significant positive changes across campuses. At Middle Tennessee State Universitypredictive analytics fueled by student data have helped advisors to bring their retention rate up to 95 percent.

University of Maryland University College has made analytics an integral part of their operations, and because of it they could reduce marketing spending by 20 percent.

It turns out students actually don’t mind that universities are collecting more information on them than ever before. Ninety-eight percent of student respondents to an Ellucian survey said they want their schools to use their personal information to improve the overall college experience.

A KPMG survey found that 41 percent of universities were using data for forecasting and predictive analytics. This number is only expected to rise next year, with EDUCAUSE naming data-informed decision-making and predictive analytics to improve student success to their 2017 Top IT Issues list. (Read More...)

Talent and Technology Are Keys to Higher Ed Success

Authored by Joanna Young

EdTech

The list of challenges facing higher education is long: At the top are state disinvestment, increasing competition for research dollars, price pressure, Title IX and new market entrants. Yet our economy depends on the success of higher ed institutions; a well-educated workforce is critical to the U.S. economy.

Our industry is poised to see a wave of integrations and closures. Moody’s predicts a tripling of college closures in coming years. Generally, the smaller the institution and the endowment, the more susceptible the college. The largest and most well-endowed institutions may feel immune, thinking they are “too big to fail.” Yet in reality, in the digital economy, no institution is immune. Leaders and boards of directors should plan today for how to transform themselves tomorrow.

The Competition Is On

Reliance on net tuition remains high, averaging more than 45 percent nationwide, 10 percent higher than during the most recent recession. Tuition is rising at rates of 7 to 8 percent, well above the inflation rate. Competition for students is increasing. In many regions (for example, the Midwest and Northeast), the number of high school graduates is declining, and many public institutions are competing for out-of-state and international students, who pay more and thus subsidize in-state students. This combination presents a challenge.

To perform well in the face of such challenges, institutions need to invest deliberately and heavily in two things: talent and technology. In particular, “top 100” institutions that pride themselves on quality of education and research should have quality of technology and talent to match.

(Read More...)