Today, a greater level of innovation with reduced development cycle-time is needed. Reducing the cost of education is critical as student debt now exceeds $1.3T. Despite past successes, gaps exist between University basic research and market commercialization as a source of new innovation. Market pressures have forced companies to manage more closely the funding of research and development for new products and services. Companies often struggle to work with Universities as project development and cycle-times do not match their needs. Faculty are often disconnected from immediate market need, and lacking a clear funding stream (and priority for applied work), they tend to focus on longer-term basic research where funds are available. In many industries there is a loss of knowledge from retirement of career employees. As the workforce becomes more dynamic, with long-tenure positions becoming much less common, intellectual capital management becomes a vital part of maintaining the knowledge base underlying the business model. The pace of change has created a need for life-long learning. Continuous skills development is emerging with a growing list of online and problem-based training offerings. Technology enables major new collaboration models to be designed and implemented. Online training supports the concept of “how do I do …” application examples: students already look to YouTube for practical training in most any procedure. Partnerships of universities and businesses in different market sectors can provide excellent examples of how we can build a shared resource of application and functional knowledge. Companies could use the same framework for managing proprietary content and maintaining behind their firewall. Udacity.com is an example of market-based jobs and skills needs catalyzed by tech companies. This same model can extend to other major sectors and could form the basis for integrated knowledge networks. The online content can be used in classrooms, for project-based learning examples as well as on the job for examples to use for problem solving. Curation of existing content is a first step before generating new content. New knowledge networks could extended to integrate K-12 through to work helping to address early interest in STEM with a broad range of backgrounds.
- Design new integrated collaboration models from University to Workplace, use Global Digital Platforms to enable global sharing with local application.
- Demonstrate a model of operation which consolidates and streamlines overhead tasks with reinvestment in value activities such as education and research.
- Build new integrated partnerships of companies, universities to design and build shared content
- Curate and build shared knowledge modules, globally shared, that can be used to support a range of learning activities from classroom to self instruction.
- Access to most current content to support life-long career planning and the development of a qualified workforce for today’s economy.
- Broad shared knowledge that is globally accessible and used for classroom, internships, and life-long learning needs.