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Enterprise App StoreHow technology can help transform your campus
Harness the evolving role of technology in education.
The Australian tertiary education sector: challenges and opportunities
The Australian tertiary education sector is one of the nation’s largest exports, generating nearly $30 billion in export income annually. With over four million enrolments and more than 250,000 employees, this sector plays a pivotal role in Australian society.
However, the COVID-19 pandemic brought unprecedented challenges, leading to a $4 billion loss in international student income in 2020 alone.
Throughout history, pandemics have driven us to view our world differently. For higher education, COVID-19 catalysed a global shift in teaching and learning methods.
Shift to online learning accelerated by the pandemic
Before 2020, universities focused heavily on designing inspiring physical spaces for learning. These environments were intended to enhance student engagement, boost performance and foster a sense of community.
However, the pandemic accelerated the adoption of online learning. Live-streamed lectures and virtual tutorials quickly became the norm, leaving classrooms and lecture theatres underutilised but costly to maintain.
Blended learning: the new normal
Once prized and sought-after assets like classrooms, lecture theatres and research labs sat largely unused, but still cost providers money in maintenance and upkeep until the time when students would eventually return.
Now that time has come but the pandemic’s effects still linger. Today, having a balanced, blended learning arrangement is expected of education institutions.
This new normal involves learning beyond the confines of traditional teaching spaces, structures and material resources, pushing providers to re-evaluate how to shape the use of existing physical spaces and assets.
It’s time to redefine, repurpose, and redesign university spaces
Existing areas in universities need to be repurposed, and new buildings will need a different approach to design and purpose, providing spaces that prioritise community, cost-efficiency and sustainability.
A considerable amount of capital funds is spent to create and update various university assets, delivering ergonomic, state-of-the-art learning environments to students and superior teaching, training, and administrative facilities to staff.
Projects include upgrading or creating common learning facilities and creating and upgrading campus buildings. Most importantly, in today’s post-COVID environment, significant capital investment in digital tools is essential to support hybrid learning models and provide seamless educational experiences for all students.
Simplifying asset management with TechnologyOne
Universities need to be able to effectively prioritise and optimise their strategic approach by engaging in effective portfolio, program, and project management in order to best use assets and direct budgets.
In many higher education institutions, portfolio, program, and project management is a standalone process that often involves third-party solutions or Excel spreadsheets.
This can result in siloed, disparate, and isolated systems and processes, which can lead to data duplication across multiple systems, manual processes, poor visibility, and a lack of clarity regarding asset performance, risk, timelines, and issues.
About Enterprise Asset Management
TechnologyOne’s Enterprise Asset Management (EAM) solution provides universities with a comprehensive platform for managing assets throughout their lifecycle. EAM integrates seamlessly with other systems, such as Financials and Human Resources and payroll, ensuring a single source of truth for all asset-related information.
This powerful tool supports the management of diverse assets, from physical infrastructure to digital resources, by enabling:
- Improved planning and decision-making: Access real-time data insights to guide evidence-based investment decisions.
- Enhanced efficiency: Streamline processes to reduce manual tasks and improve operational productivity.
- Optimised resource allocation: Ensure budgets are aligned with institutional priorities and maximise value from assets.
Project Lifecycle Management
Industry General Manager Education
TechnologyOne
As part of EAM, Project Lifecycle Management (PLM) helps institutions oversee projects from conception to completion. By integrating project data with asset management workflows, PLM ensures that universities can:
- Prioritise capital initiatives aligned with strategic goals.
- Track project timelines, costs, and risks in real time.
- Maintain visibility and control across all phases of project delivery.
“Higher education institutions want their students and staff to have a great experience and learn the things they need to learn without having to worry about back-end technology,” said Peter Nikoletatos, Industry General Manager for Education at TechnologyOne.”
“The accelerated evolution to hybrid learning in higher education required a shift in budget allocation to transform already existing spaces and build new ones to allow for collaborative and secure environments, as well as smart, flexible spaces that can be adapted to suit different needs and tasks.
“All the while ensuring students and staff could continue their lessons as usual.”
Overall, effective asset management is crucial for higher education institutions to optimise resource use, ensure compliance, support planning and budgeting, manage risks, and promote sustainability.
Future-proof your campus with TechnologyOne
Universities must embrace technology to future-proof their campuses. By integrating smart asset management systems and adopting flexible learning environments, institutions can enhance the student experience and achieve sustainability goals.
Take the next step today. Explore how TechnologyOne’s Enterprise Asset Management can transform your campus with innovative solutions designed for the evolving education landscape.