■ Business Forecast
■ Business Forecast
pleting their degree . Here at Centenary University , we are addressing this disconnect through the Campaign for College , which will raise $ 8 million for financial assistance and support to students – especially first-generation students – while emphasizing the lifetime benefits of a college degree .
County College of Morris Dr . Anthony J . Iacono President
Among the trends expected to impact higher education , one of the most important will be the expansion of public-private partnerships to support a growing demand for skills-based education . While the need for a classical education will remain , the future and impact of how and what we teach will rely on integrating a wide array of skills into all subjects at all levels , especially those that are technology based , including AI . This major paradigm shift is necessary for higher education to remain relevant to students and employers alike , which in turn influences the nation ’ s ability to remain globally competitive .
Hudson County Community College Dr . Christopher M . Reber President
We are focusing on adding educational value around skillsets increasingly needed for building tomorrow ’ s workforce . We ’ re continuing to drive program growth in areas of priority for our economy , such as Health Sciences , Business Administration , Supply Chain Management , Computer Science , Cybersecurity , Construction Management , and more . These programs lead to careers offering family-sustaining wages . We plan to serve even more students and collaborate at even higher levels of engagement with business , industrial , and other sectors in partnership with K-12 and other colleges and universities . Together , we will serve our students and communities with increasingly cutting-edge , transformational opportunities .
New Jersey City University Andrés Acebo Interim President
As the landscape for higher education continues to evolve amidst a shrinking college-aged student population , colleges and universities must continually reassess all aspects of their organization and how they are serving students . We must intentionally focus scarce resources on student success efforts and retention . The more current students you retain , the less new students you need to attract in a shrinking market . Additionally , there are still meaningful
growth opportunities in higher education , such as making it easier for transfer students to continue their educations and a robust graduate education market . As the higher education consumer changes , so must higher education .
NJIT Dr . Teik C . Lim President
Generative Artificial Intelligence ( AI ) will dramatically change higher education in the months and years ahead . It can be argued credibly that this is the biggest technological breakthrough since the creations of the Internet and the smartphone . Generative AI is changing the way students learn and apply knowledge , as well as the way professors develop curricula and assess student performance . There are both tremendous opportunities and risks with the proliferation of generative AI , and we are only beginning to scratch the surface of how it can be deployed safely and ethically in educational , research and operational contexts .
William Paterson University Dr . Richard J . Helldobler President
Given demographic realities , New Jersey ’ s public colleges and universities will need to strongly define their competitive advantage and communicate it clearly and directly to prospective students and families . We are doing this at William Paterson by doubling down on our well-earned reputation for supporting student success and introducing Student Success Teams . These dedicated teams of professional advisors , faculty mentors , career coaches , financial aid counselors , and others provide personal support to keep students on track toward earning their degree and launching successful careers . We are communicating this through our new marketing campaign which promotes William Paterson as a “ Powerhouse of Progress .”
HOSPITALITY & ENTERTAINMENT
Bergen County Performing Arts Center Alex Diaz Executive Director
At BergenPAC , personalized and interactive experiences will be a priority . The trend of offering a diverse range of programming will continue to evolve . We expect to see a more sophisticated integration of digital technology , allowing us to reach a wider and more diverse audience . Leveraging technology to engage the audience before , during , and after performances will be crucial and collaborations with other artistic disciplines and industries will flourish , creating unique and memorable experiences .
Crystal Springs Resort Chris Mulvihill Chief Marketing Officer
We are bullish on the hospitality industry in 2024 for several reasons . Consumers increasingly value meaningful experiences over material possessions as our society has been moving toward an experience-centered culture . Additionally , travelers will choose to vacation closer to home wherein they feel more secure given ongoing global turmoil and lessstressed with regard to the countless hassles of air travel . Finally , as the trend of remote work continues , we have seen firsthand that companies find it important to gather and have their staff members reconnect .
New Jersey Performing Arts Center ( NJPAC ) John Schreiber Chief Executive Officer
After the long pause of the pandemic , our audiences are reveling in the joy , the immediacy , and the communal experience of live performance . While COVID is still present among us , its impact on our business is vastly reduced . We see large audiences coming back to our theaters with a lot of enthusiasm and excitement to be in the presence of both their favorite artists and other fans who are passionate about the performing arts .
INFORMATION TECHNOLOGY
AnythingIT David Bernstein President and CEO
AI will significantly impact the ITAD ( IT Asset Disposition ) industry in 2024 , streamlining processes and enhancing efficiency . Automated data wiping and inventory management will become standard , ensuring data security compliance . AI-driven predictive analytics will optimize asset value resale , enabling better decision-making for asset disposition . Robotic process automation ( RPA ) will expedite hardware testing , refurbishment , reducing turnaround time . Overall , AI integration will elevate ITAD operations , promoting sustainable practices and cost-effective solutions for businesses . Through advanced sorting algorithms , AI
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December 2023 COMMERCE 15