DUBAI // A high-tech computer system to help lower the number of university dropouts is being considered by universities in a bid to solve a region-wide problem.
The signals system, developed by a US company, SunGard Higher Education, will centrally track students in areas such as performance and attendance, engagement in online learning and submitting assignments.
These triggers, put together, can identify a troubled student, either academically or socially, and in turn, encourage early intervention from faculty, counsellors and even families.
SunGard, which works with universities such as the Higher Colleges of Technology which implemented a central computerised admissions system, and the American University of Sharjah, has had demand for the system from both the federal and private sectors.
Mathew Boice, a SunGard vice president, says early intervention is key in retaining potential dropouts.
"It dramatically affects the success of the retention rate. If we can even make a modest improvement it will affect a lot of people's lives," he said.
"Pro-active action at an individual level has been really difficult so far because there hasn't been the collation of information. Information is still stuck in filing cabinets and folders and could be a bit more sophisticated."
Michele Jefferson, marketing manager for SunGard, added: "You can also start to see what the problems are more specifically such as if it's perhaps just the wrong class or programme."
Although the system will initially cost around US$100,000 for universities to install, Ms Jefferson says that in the long run, student retention saves the institutions money.
She said that it costs a lot more to recruit new students, with recruitment costs, administration costs, rather than the cost of retaining a student, even with things such as counselling.
Warren Fox, University Quality Assurance International Board chairman and executive director of higher education at the Knowledge and Human Development Authority, said: "The participation of Emirati males should be much higher. It's a big problem."
He said the problem begins at high school, when about 20 per cent drop out before completion.
"Everyone expects Emiratis to participate fully in the economic and social life of the UAE and secure public and private sector jobs for the future growth of the country but Emirati males are not represented at the level they should be in getting college degrees. We all want Emiratis to have appropriate leadership positions in the Emirates, male and female."
Bryan Gilroy, vice provost at Zayed University, said schools, families and the community must come together to tackle the issue.
Non-completion comes mainly during the foundation, or academic bridge programme, he says, when students must meet certain standards in areas such as English language and IT before beginning their degree.
About 18 per cent of students drop out during that time but Mr Gilroy says the figure reduces significantly the further through their studies the students go.
"Not all students drop out in the traditional use of the term. Some are withdrawn by their families, some marry and start a family, some transfer to other places, some get government scholarships and study abroad and of course some are dismissed. These are not really drop-outs but more non-completion of studies," he added.
Zayed has a number of initiatives in place to identify potential problem students, including advisers, student counselling and weekly progress reports that look at key factors such as grades and attendance.
"I do not think it is a question of growth or decline. I do think that non-completion is something that needs to be constantly monitored. As institutions become more expert at identifying students who need support it gives rise to the belief that non-completion is rising. It isn't, we just get better at identifying students who look as if they need support," Mr Gilroy said.
mswan@thenational.ae
The specs
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
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Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
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The specs
Engine: 3.0-litre six-cylinder turbo
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Price: From Dh330,000 (estimate)
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- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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- Disruption Lab and Research Centre for developing entrepreneurial skills