Better, Cheaper, Faster

On a recent drive across a stretch of interstate in North Carolina as I headed to a client, I witnessed at least 20 billboards that displayed advertisements for higher educational institutions. While the names of the colleges and universities matter very little, the messages that each conveyed is of great import. Essentially, they all claimed that their programs were the best, the least expensive, and offered the most accelerated and flexible paths to learning.

Better. Cheaper. Faster. This trend is not going away, but actually accelerating in higher education. It has long been the value proposition in some areas of retail, entertainment, and general good and services, but it has clearly become among the ways in which higher education and, increasingly, private primary and secondary education, intend to compete in the future. Technology is playing a catalytic role in advancing this strategy. Add the role of augmented reality (AR) and artificial intelligence (AI) in the delivery of knowledge and experiences, we are in brave new world.

If we thought that the past decade moved quickly, I am afraid we have not seen anything yet. This next decade will deliver light speed change to the education industry. Better hold on. More on this thinking later this week. Happy New Year!