The education and training sector has felt the full force of COVID-19's impact. The pandemic has created immense revenue shortfalls which will persist through 2021, at least, and created downstream pressure on business and operating models. Institutions were forced to stand up distance learning and remote working arrangements in a matter of weeks and have recently shifted their focus to the medium term.
The big question for most institutions is:
Is this is a temporary jolt or the catalyst for something more profound and more transformative through the acceleration of digitisation?
Almost four out of five institutions suggest it is the latter and that COVID-19 has created the tipping point for digitisation of education and campuses.
An independent study commissioned by Cisco and Optus -The Tipping Point for Digitisation of Education and Campuses -elicited responses from 80% of Institutions from the Australian higher education and TAFE sectors.
Key insights from this report include:
The study found that institutions were actively thinking about the re-prioritisation of budgets to free up precious capital for digital transformation, particularly underlaying technology infrastructure such as networks, security and cloud. Institutions are becoming more focused on digital services and more reliant on technology, creating pressure points on infrastructure but also significant cyber security risk.
The University of Western Australia is an example of a university that has had to quickly mitigate cyber security risks via a partnership with Cisco. The relationship with UWA is broader than supply of technology recognising that in times of uncertainty and change institutions need partners, not just suppliers. For additional details, please read the UWA case study found here.
The Tipping Point report is a fascinating insight into what the campus of the future might look like, and demonstrates that Australia is well-served by a progressive, forward-looking and adaptive education and training sector that will be vital to getting the Australian economy growing again.
>> Download the report here
>> See the Optus blog here
How has your COVID-19 impacted your campus? Stay tuned for the next#EducationNow blog with an exciting announcement next week.