It’s time for the new “New Education”

Reimagining the future of higher education in the age of AI and economic disruption

The strategies, technologies, and partnerships US colleges and universities should adopt to remain relevant and financially viable.

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Education Advisory Services

US institutions of higher education are confronting an unprecedented array of forces, including political pressures, changing demographics, evolving economics, workforce challenges, and the rise of artificial intelligence (AI), which have aligned to disrupt long-held operating and financial models. “Business as usual” has become increasingly untenable. For many colleges and universities, only a significant change in direction will help ensure continued viability.

Keys to success:

Think more like a business.
Improved strategic planning can turn disruptions into opportunities instead of threats.

Develop an AI strategy; fast.
A comprehensive approach is necessary, one that reimagines the entire educational model.
Embrace the shift to skills-based hiring.
Educational offerings must map to the evolving hiring ecosystem.
Develop meaningful industry partnerships.
Collaborations can help increase the relevance of universities and traditional four-year education.

This isn’t the first time, of course, that higher education has faced major disruption. Educational institutions have been among society’s most resilient throughout history. They have adapted to significant technological, economic, and societal changes for hundreds of years, through the agricultural, scientific, and industrial revolutions, and more recently, the digital and internet revolutions. But what we’re seeing now is a new revolution that’s progressing at an unprecedented pace, a pace for which many educational institutions may not be fully prepared.

In this white paper, we explore the major challenges facing US colleges and universities today. More importantly, it offers four strategies to help institutions remain relevant in response to these forces. It provides concrete recommendations for leaders seeking to infuse greater business pragmatism into their models, harness the potential of AI, adapt to the rise of skills-based hiring, and forge deeper industry partnerships.

Explore how KPMG can help higher education institutions reinvent operating models, harness AI, and adapt to the rise of skills-based hiring while staying true to their mission.

Download the white paper