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Role of Academia, Industry, and Research

In: From Big Data to Intelligent Data

Author

Listed:
  • Fady A. Harfoush

    (Loyola University Chicago)

Abstract

Academic institutions are juggling between providing quality education, meeting industry demands for new skills, and conducting research work. It is many times a challenging balancing act. The advent of massive open online courses (MOOCs) available at a very affordable cost is making it harder for many institutions to justify their high tuition costs. The COVID-19 pandemic has further exacerbated the problem. A new thinking is required, and schools need to revamp themselves. The gap between academia, industry, and research can be bridged by adopting a more holistic and integrated approach leveraging what each has best to provide. Solutions ought to be developed at a more granular level. The notion of one solution that fits all is no more applicable. In the era of big data and artificial intelligence, it is imperative to think beyond the STEM (Science, Technology, Engineering, and Mathematics) oriented programs, and include Art. It is easier to automate formulas and equations, but very difficult to automate the creative and critical thinking.

Suggested Citation

  • Fady A. Harfoush, 2021. "Role of Academia, Industry, and Research," Management for Professionals, in: From Big Data to Intelligent Data, chapter 8, pages 101-111, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-76990-1_8
    DOI: 10.1007/978-3-030-76990-1_8
    as

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