EdTech Insight – Calculate ROI and create a business case for modernization

by | May 2, 2024 | CIO, News & Insights

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Executive Summary and Main Points

In the context of global higher education, the modernization of legacy technology is a pivotal trend, particularly through cloud migration strategies. Aligning with educational institutions’ strategic objectives, the focus is on optimizing the Return on Investment (ROI) by tailoring migration plans to the specific needs of academic operations. These adaptions address significant financial investments in application operations, varying benefits attached to distinct modernization pathways, and the consequential time and costs investments.

Potential Impact in the Education Sector

The adoption of cloud modernization strategies could exert a transformative influence on Further Education and Higher Education by enhancing operational efficiency and resource allocation. For Micro-credentials, this modernization could streamline delivery platforms and the accessibility of courses. Strategic partnerships with cloud service providers could facilitate customized technology solutions that resonate with institutional requirements, thereby enabling digitalization at scale within the education sector.

Potential Applicability in the Education Sector

AI and digital tools, integral to modern cloud-based educational ecosystems, could be applied to create sophisticated Learning Management Systems (LMS), enable data-driven decision-making, and provide personalized learning experiences. Global education systems may utilize AI for predictive analytics to improve student retention rates, optimize resource management, and curate micro-credential offerings in line with evolving job market demands.

Criticism and Potential Shortfalls

Critical analysis reveals that cloud modernization, while beneficial, may encounter certain challenges. Real-world examples from international case studies show a potential mismatch between technology solutions and the unique cultural context of educational institutions. Furthermore, ethical considerations concerning data privacy and the digital divide could impact equitable access to technology-enhanced learning.

Actionable Recommendations

To harness these technologies effectively, it is recommended that education leaders engage in comprehensive needs analysis and feasibility studies prior to implementation. Collaborative projects with technology experts could ensure the alignment of cloud modernization efforts with pedagogical objectives while maintaining terms that favor institutional autonomy and data governance. Continuing professional development programs could further empower educators to integrate these advances into their teaching and learning strategies.

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Source article: https://www.cio.com/article/2097563/calculate-roi-and-create-a-business-case-for-modernization.html