State of the Industry
“…universities need to reform themselves to meet economic, competitive, technological, and political challenges of the 21st century….”
– Professor William F. Massy
THE PROBLEM
- Reduced state/government funding and ever-rising tuitions
- Increased competition from new online learning technologies
- Value and quality of higher education in doubt/questioned
- Shortfall of graduates to jobs amid growing student population
- Issues of accessibility to and affordability of education
- Complexity of higher education institutions obscures “bottom line”
- Value-based missions and “bottom line”-thinking seem in conflict
- Traditional university cost models too bulky to build and maintain
RELATED RESOURCES
THE SOLUTION
Unlike traditional cost models which are too manually intensive to build and maintain on an enduring basis, our custom cost models are built to support and evolve with the unique business of each college or university.
We extract the large amount of data now commonly available in university systems and link data from major datasets (i.e. finance, human resources, timetables, facilities, student management, research activity and others) via a series of algorithms.
Our technology and analysis provide a complete, transparent view into institutional costs and profitability—and associated implications—at all levels of operations. As a result, decision-makers gain a competitive edge for financial sustainability.
