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Higher Education and Research Technology Market Analysis

By scott pike on January 13, 2018

The primary source for this market analysis comes from an article in 2016 from Forbes magazine.  Svetlana Dotsenko acknowledges the boom of the educational technology industry, but notes that the markets of various edtech that facilitates the establishment and collaboration of research projects – especially at the higher education level – have been largely unexplored. In support of her call to exploit these relatively untapped markets, Dotsenko provides the following evidence:

  •  Near $70 billion in funding donated to U.S. universities in 2015
  • Researchers and faculty members spend as much time engaged in administrative tasks as they do in actual research
  • Correcting “administrative inefficiencies” associated with the duties of researchers and faculty members could clear the way for focusing on more productive activities, which, according to the article, could be worth “trillions of dollars annually” in potentially reclaimed work hours.

Dotsenko argues that harnessing the potential of technology in research would make it possible to streamline the acquisition of human capital and formation of research teams, provide practical, effective platforms for collaboration between researchers and contributors, and allow for a more efficient ways to manage research projects.

An example of the potential market described is Project Lever, of which Dostenko is the founder and CEO.  Project Lever is a service that matches university students to professors and researchers based on research topics and fields of study.  Students are able to find quickly the professors and researchers who are involved in any given field, and can consult or plan research – or even choose courses –  based on those findings.

Another example of potential market opportunity is the emergence of the virtual laboratory.  Several links in the Dotsenko article document the rise, relevance, and benefit of virtual laboratories for high school and postsecondary classrooms and researchers, particularly at a time when STEM subjects are receiving seemingly extra attention and funding.

 

Sites Consulted:

https://www.insidehighered.com/news/2014/04/09/research-shows-professors-work-long-hours-and-spend-much-day-meetings

http://www.newtonproject.eu/wp-content/uploads/2016/02/REVIEW-OF-VIRTUAL-LABS-AS-THE-EMERGING-TECHNOLOGIES-FOR-TEACHING-STEM-SUBJECTS-1.pdf

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14 Jan Posted on Higher Education and Research Technology Market Analysis

I think there is a significant market opportunity to this segment. Specifically, as you outline, an Ed Tech solution/platform that brokers student interest in research to that of academic researchers currently in field. This is quite interesting and immediately made sense to me as I read it. I agree with your summaries that the amount of time dedicated to filtering through potential grad students (albeit from an application pool that already was filtered. i.e. if a student who might have been a good fit was unaware of the opportunity, then that student would not have been part of the application pool). So,yes, this makes sense. Interestingly, the questions I'm wondering about are: Is there a sense of how much time is currently dedicated to student recruitment and how much time could be saved (and then allocated to other more important work)? And, next critical question, what is the real world value of this saved time? This information informs the market opportunity and overall market projections. (Note to author Scott, you should load this into the emerging markets section as this is quite a good idea, IMHO)

14 Jan
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Cassy Weber @cassyw

I think there is a significant market opportunity to this segment. Specifically, as you outline, an Ed Tech solution/platform that brokers student interest in research to that of academic researchers currently in field. This is quite interesting and immediately made sense to me as I read it. I agree with your summaries that the amount of time dedicated to filtering through potential grad students (albeit from an application pool that already was filtered. i.e. if a student who might have been a good fit was unaware of the opportunity, then that student would not have been part of the application pool). So,yes, this makes sense. Interestingly, the questions I'm wondering about are: Is there a sense of how much time is currently dedicated to student recruitment and how much time could be saved (and then allocated to other more important work)? And, next critical question, what is the real world value of this saved time? This information informs the market opportunity and overall market projections. (Note to author Scott, you should load this into the emerging markets section as this is quite a good idea, IMHO)

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