Higher Education

Challenges in Higher Education

Higher education institutions face unique challenges as they navigate a global landscape impacted by shifting immigration laws, reduced revenue and the evolving needs of staff, faculty and students. Universities are experiencing sharp declines in international student enrolment, which directly affects their revenue streams. Additionally, campuses are under pressure to maximize their real estate assets and efficiently utilize idle academic and non-academic spaces.

Further compounding the issue, many universities continue to rely on manual and disconnected processes. This inefficiency creates operational challenges and increases costs. To stay competitive and relevant, universities must evolve digitally by transforming administrative tasks, streamlining workflows and creating new revenue-generation opportunities.

How New Wave Workspace Can Help

New Wave Workspace offers a robust digital platform that addresses these key challenges, helping higher education institutions maximize their potential and stay competitive in an increasingly digital world.

Space Optimization: Maximize the utilization of academic and non-academic spaces. Whether it’s faculty offices, classrooms, or meeting rooms, New Wave Workspace offers real-time tracking and booking of spaces, ensuring that resources are used efficiently and effectively.
Digital Transformation: New Wave Workspace digitizes manual and scattered processes, integrating them into one seamless app. Whether it’s mail-room management, digital checklists, or managing administrative workflows, New Wave ensures universities are operating at peak efficiency.
Visitor Experience: Attracting international students and their families begins with a smooth, modern visitor experience. New Wave’s Visitor Management System ensures a seamless, personalized check-in process, helping to create a lasting impression for potential students and their families visiting campuses.
Co-op Program Management: Link students with local employers by managing co-op programs more effectively. The New Wave Workspace platform simplifies communication, tracking and scheduling for co-op opportunities, ensuring a positive experience for students and employers alike.

Expected Benefits

Results

Increased Revenue›

By efficiently managing and monetizing campus spaces, universities can generate additional revenue from underutilized areas, whether for events, short-term leases, or services.

Improved Operational Efficiency›

Digitalizing workflows, mail-room management and administrative processes results in significant time and cost savings, reducing overhead and improving operational performance.

Enhanced Student and Visitor Experience›

Streamlining campus visits for prospective students and their families creates a positive first impression, directly influencing recruitment outcomes.

Stronger Industry Partnerships›

The efficient management of co-op programs strengthens the relationship between universities and local employers, offering students more valuable career opportunities and enhancing the institution's reputation.

Time frame for Return on Investment (ROI)

Universities can expect a quick and measurable return on investment through the adoption of New Wave Workspace. While specific ROI depends on the institution’s scale and adoption rate, typical universities will begin seeing tangible benefits within 3–6 months.

Space optimization: Within 3 months, universities can begin to optimize and monetize underutilized spaces, potentially generating new revenue streams.
Operational efficiency: Digital transformation can lead to immediate reductions in operational costs, often within 4–6 months.
Visitor and co-op program management: Improvements in recruitment and co-op program efficiencies will begin to show ROI within the same time frame, positively impacting enrolment and student satisfaction.

New Wave Workspace’s comprehensive solutions are designed to make a lasting impact, positioning higher education institutions for future success in a rapidly changing environment.