All higher education leaders face a critical challenge: determining the right technology tools to support the student journey. They strive to create a harmonious edtech ecosystem, selecting and arranging these tools to address various needs.
Technology Research Archive
A commonly held belief is that the enterprise solution is more valuable than the point solution. Indeed, multi-purpose solutions, such as the Student Information System (SIS), can allow schools to simplify their ecosystems by addressing many needs with one system—avoiding complex integrations across solutions that address only one requirement.
As we enter 2023, our conversations with higher education leaders have become increasingly focused on how to best support the student journey: improving support for admissions, bettering onboarding, and streamlining transfer student pathways, for example.
A recent survey by Educause noted that median technology spend among colleges and universities in fiscal year 2021 was $7.7 million, with nearly one-third of respondents saying that they plan to increase this amount in the following year.
Technology implementations related to teaching and learning increased during the pandemic, with a combined annual growth rate of 14% between 2019 and 2021.
“Colleges cash in on real estate” was a recent headline in Inside Higher Ed, describing how some institutions have sold property to generate cash flow. Enrollment challenges, inflation, and exhausted stimulus funds are driving sales, and property prices are at record levels coming out of the pandemic.