Higher education is undergoing profound changes. Declining enrollments, changing student demographics, and waning retention rates have institutions sharpening their competitive edges. In the fight to recruit and retain a larger share of the dwindling pool of potential students, many schools are looking to build new or retrofit their aging buildings. However, universities are finding limited capital funding is forcing them to do more with less.
The Internet of Things (IoT) is widely entrenched in education today with distance and online learning, learning management systems, and completely virtual universities. With cloud-connected devices, students can take a class from an Ivy League university right from their home, prep for the SAT with an online tutor, and learn just about any skill by viewing a YouTube video.