University of Novi Sad, Faculty of Economics in Subotica (SERBIA)
About this paper:
Appears in: INTED2018 Proceedings
Publication year: 2018
Pages: 9491-9497
ISBN: 978-84-697-9480-7
ISSN: 2340-1079
doi: 10.21125/inted.2018.2348
Conference name: 12th International Technology, Education and Development Conference
Dates: 5-7 March, 2018
Location: Valencia, Spain
Digital Transformation of higher education is about more than just technology. The goal is to adopt new ways of working in order to continue delivering user-focused services in the face of changing technology, competition, audience needs and behavior. Digital (core) services, digitally skilled educators and students, decisions that consider available evidence are some of the characteristics of a digitally transformed higher education. In conditions of great uncertainty and competition, higher education institutions have to move from wondering what the future might hold to predicting the future—making proactive decisions and taking action based on that information. Evidence-based, quantitative and predictive decision making is a quite reliable way of gaining competitive advantage.

With the widespread availability of data in many businesses, leading business organizations have recognized and significantly leveraged the power of analytics in the most important decisions affecting their business. This is a path that higher education institutions should follow in order to turn their data into meaningful value. Conventional and unconventional (unstructured), internal and external data can be used to discover hidden patterns that are underlying performance in different areas, track admissions, optimize enrollment, manage grants, enhance academic advising etc. To gain insights from vast amounts of accumulated data and, what is even more challenging, translate these insights into powerful business decisions, higher education institutions have to catch up with big data and data analytics tools and techniques as fundamental enablers of evidence-based, data-driven predictive decisions.

Highlighting that digital transformation of higher education institutions is critical to their future success, we are focusing on data aspects of this transformation, bearing in mind that data itself is an asset, while the real challenge is turning that data into value. This paper points to the need for a more comprehensive adoption of big data and data analytics solutions in higher education: key imperatives of adoption are listed, some university-related activities that seem suitable and interesting in terms of data analytics and which appear as candidates for pilot projects are considered, and expected business advantages are described.

Finally, we emphasize that, due to increasing number of open source platforms and tools, the adoption of data analytics in higher education is becoming less and less a question of money, and much more a question of recognizing the value of generating useful insights and spawning innovations and a matter of preparedness (knowledge and skills) of higher education institutions for such an undertaking.
Digital transformation, Higher education, Data Analytics, Data-driven decisions.