Increase Revenue and Reduce Cost Using a Program Evaluation System and AI
Tuesday, June 4, 2024
11:00 AM PT / 2:00 PM ET
This session will teach you how to use AI and a program evaluation system (PES) to increase revenue by picking the right programs to start or grow. PES and AI can also find pockets of opportunity to improve curricular efficiency and reduce cost.
You will learn how to gather, interpret, and make decisions using data on student demand, employer needs, competition, and program economics. We’ll cover processes that include the right people and how you can enable them to reach informed decisions in days, not months.
We'll explore innovative approaches to ongoing program management. Community college leaders will share how they implemented program reviews across departments, emphasizing the importance of planning and organizational agility in responding to evolving market demands and budgetary constraints.
Finally, we'll address the power of AI, particularly in predicting academic program size and projecting financials for prospective launches. By harnessing AI-driven predictive analytics, institutions can anticipate future revenue streams, mitigate financial risks, and optimize budgetary decisions. We will end with an invitation to create a community of practice (a discussion group) to address AI’s opportunities and how to overcome barriers to entry for community colleges.
Participants will be able to:
- Describe how academic program evaluation can help address the challenges facing community colleges.
- List key sources for program evaluation data and describe their strengths and weaknesses.
- Adopt innovative approaches from other community colleges to identify programs to start, grow, or streamline.
- Explain the transformative potential of AI in program evaluation, specifically how AI-driven predictive analytics can anticipate program enrollment, mitigate financial risks, and optimize budgetary decisions.
- Connect with other community colleges to understand AI's potential, assess economies of scale, and collaborate on applications.
Moderator: Rufus Glasper, President and CEO, League for Innovation in the Community College
Speakers: Robert Gray Atkins, Founder, Gray Decision Intelligence; Erin-Johnson-Kruft, Executive Director, Employer and Industry Engagement, Central New Mexico Community College; Andrew Dorsey, President Emeritus, Front Range Community College
