The ever-evolving state of technology has impacted the way that people consume media and communicate with each other. Like “There must be an app for that” or comparisons like “Why can’t it be like Apple… or Waze… or Amazon… or Facebook… or Netflix… or…”
The solution for these is DIGITAL TRANSFORMATION. Being digital means having physical products at the core, augmented by digital interfaces and data-based innovative services, working together with customers and suppliers in the industrial digital ecosystem.
But it is not about using technology to do the same things you have always dons, only faster, cheaper, and better. It is about using the technology to do things that were not even possible before – it is creating new products and services that drive more revenue.
So what role will higher education play in the next phase of this revolution? Why do Digital Transformation and Industry 4.0 matter? How should higher education leaders prepare their institutions for the changes ahead?
Shown below is a diagram of what drives higher education.
A number of alternative education models have emerged over the last decade such as massice open online courses (MOOC), bootcamps, learn now – pay later education, nanodegrees, and alternative credentialing.
There are four (4) key technologies that are driving innovation in the higher education sector – Social, Mobile, Analytic, and Cloud (SMAC). There were at least 45% of college students in the United States (US) who has used Social Media as a learning tool and about 85% to 97% who use mobile phones for accessing student services. About 81% use IoT devices while the higher education cloud market size stands at USD 9 billion.
Jay confidently went over this topic as Stratpoint has its expertise as a Digital Transformation Enabler. Stratpoint employes cutting-edge open source and cloud technologies for top enterprises and start-ups in the U.S. and in the Philippines.