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Advice and Information for Finance Professionals

How to Be an Innovator on Campus

Lynne Sampson
Managing Editor

Institutions of higher learning see themselves as incubators of great ideas. From scientific research to medical trials to archaeological digs, faculty and students are on a continual quest to uncover new knowledge and innovations.

But when was the last time your campus did something innovative to boost student recruitment? Make better financial decisions? Or improve student retention and success?

When it comes to campus technology, many institutions of higher learning are far behind the times. While students interact with each other on their mobile devices via SnapChat, Twitter or Facebook, they struggle to get the same ease of use with their course calendars, student finances and transcripts.

Make no mistake: innovation in these areas is on its way. I’ll give you one example: technology experts are already looking at the tamper-proof security and permanence of blockchain as a way to store and share student records. When someone sets up a student record blockchain, will your institution be in a position to join? Will you have the right technology in place to get access?

This is where cloud applications begin to show their value. Unlike on-premises systems (with which most institutions are burdened), cloud applications are updated regularly by the provider with the latest technology innovations—including emerging technologies like artificial intelligence (AI), the Internet of Things, blockchain and more. Cloud gives your institution the freedom to innovate using technology that’s always up-to-date.

Not All Clouds are Created Equal

Most providers only offer one piece of the cloud puzzle: marketing, or student services, or finance, or some other stand-alone system. These disconnected clouds require significant integration efforts for services to flow smoothly from one department to the next. This slows down IT efforts and gets in the way of innovation.

Success requires an entirely new kind of student system—one built from the ground-up on a single platform, with a game-changing financial aid module, real-time insight and collaboration tools, powered by AI, and updated quarterly by a cloud provider that values research and development as much as you do.

We invite university business officers to join our webinar to see Oracle Student Cloud in action. Register today and learn how to:

  • Optimize enrollment
  • Improve recruiter productivity
  • Track student interactions
  • Improve student engagement
  • Easily manage financial aid packages
  • Deliver student success

Register now to see how Oracle Student Cloud gives you the freedom to innovate.

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