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Universities Can Cut Costs Without Cutting Corners

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How three tech advances are helping higher education reverse its financial losses

COVID-19’s powerful impact on higher education is accomplishing action that many university CIOs and CTOs have long urged sometimes skeptical or reluctant leaders to take: it has propelled the sector along its digital transformation journey. When COVID-19 caused more than half of in-person education programs to be postponed or cancelled around the world, it exacerbated the financial difficulties that universities already faced, finally driving adoption of technologies to support the spike in remote learning.

In other words, when we talk about efficiency and productivity, we are definitely not talking about cutting corners, reducing services, or sacrificing quality. We are talking about expanding universities’ ability to deliver value and a better student/faculty experience while reducing operating costs. How? Through cloud optimisation, operational intelligence, and application modernisation – three technology advances that have already created tremendous improvements in businesses of all kinds and are now being adapted to higher educations’ specific needs. These technologies have been driving financial successes for years, COVID-19 simply made them urgent priorities for universities.

This Point of View explores how universities can cut costs without cutting corners and the tech advances that can help accomplish this.