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EdTech Insight - Where’s the ROI for AI? CIOs struggle to find it | EdTech Mate

EdTech Insight – Where’s the ROI for AI? CIOs struggle to find it

by | May 22, 2024 | CIO, News & Insights

Executive Summary and Main Points

The international higher education sector is experiencing significant digital transformation, with Artificial Intelligence (AI) at the forefront. A recent Gartner survey indicates widespread adoption of AI technologies, but also highlights challenges in demonstrating their value within organizations. Generative AI has seen the most adoption, yet apprehension remains due to issues related to validating return on investment (ROI), skill gaps, and implementation costs. These dynamics suggest a complex yet growing interplay between AI tools, such as Microsoft Copilot, and sector-specific needs like personalized learning, administrative automation, and advanced research methodologies.

Potential Impact in the Education Sector

The rapid uptake of AI technologies could greatly influence the trajectories of Further Education, Higher Education, and Micro-credentialing. Strategic partnerships may foster innovation and bridge skill gaps, as institutions seek to demonstrate the concrete value of digital tools. Widescale adoption of AI may streamline administrative processes, personalize learning experiences, and facilitate cutting-edge research. However, balancing ongoing costs and proving tangible benefits to educational stakeholders will be critical for the sustained integration of AI within educational ecosystems.

Potential Applicability in the Education Sector

AI presents numerous opportunities for harnessing data-driven insights, automating routine tasks, and creating adaptive learning platforms. For instance, AI-driven analytics can tailor coursework to individual learning patterns, while AI tutors can provide personalized support. AI could also enhance research capabilities, allowing for the exploration of vast data sets and fostering cross-institutional collaborations. Importantly, the use of AI in crafting micro-credentials can create flexible, responsive education pathways aligned with evolving industry demands.

Criticism and Potential Shortfalls

Critics underscore the challenges in establishing the ROI of AI technologies, mirroring concerns from enterprises that have struggled to quantify benefits. The educational context presents unique challenges, including unequal access to technology, varied international regulatory landscapes, and ethical considerations surrounding data privacy and algorithmic bias. Comparative case studies—ranging from well-funded institutions capitalizing on AI to under-resourced schools grappling with basic implementation—illustrate the need for tailored approaches that consider diverse cultural and socioeconomic environments.

Actionable Recommendations

To navigate these challenges and harness the benefits of AI, international educational leaders should prioritize comprehensive employee training on AI use cases, pilot projects to assess impact, and rigorous outcome-based evaluation methods. They can implement AI in a phased approach, starting with addressing specific educational pain points. Additionally, fostering collaborations with tech companies may help fine-tune AI applications and share best practices. Emphasis on ethical AI use and inclusivity will be key in steering the future path of AI integration in global higher education.

Source article: https://www.cio.com/article/2112589/wheres-the-roi-for-ai-cios-struggle-to-find-it.html