Maryville University Embarks on a $21 Million AI and Tech Revolution Amidst Explosive Growth
St. Louis, MO, February 14, 2024 – In an unprecedented move signaling a significant shift in the landscape of higher education, Maryville University has announced a massive $21 million investment in artificial intelligence (AI) and new technologies. This investment is set to transform the educational experience, propelling Maryville to the forefront of digital innovation and student success.
As the third fastest-growing private university in the nation, according to the Chronicle of Higher Education, Maryville has maintained its position in the top 5 for the fifth consecutive year. Notably, the university has witnessed a steady surge in undergraduate enrollment for 17 consecutive years, with a notable 9% increase in fall 2023.
Dr. Mark Lombardi, president of Maryville University, emphasized the university's commitment to adapting and leading in the changing dynamics of higher education. “Our significant investment in AI and cutting-edge technology is focused on student success and five-star service. We are proud of our growth and our innovative strategic plan that will enable our students to thrive in the digital age,” stated Lombardi.
In 2022, Maryville unveiled a strategic plan dedicated to reinforcing its leadership in educational innovation. This plan emphasizes the utilization of AI and advanced data analytics to deliver exceptional student outcomes, combining with deep partnerships with industry giants like Apple, Salesforce, BurstIQ, and Capacity.
This sizable investment is particularly directed towards personalized, AI-enhanced, student support systems. The aim is to increase capabilities in engagement, service, learning technologies, and a cutting-edge data ecosystem. By weaving advanced technologies into its educational model, Maryville is set to redefine what it means to be a student-centric institution.
Phil Komarny, chief innovation officer of Maryville, believes this technology modernization initiative places the university at the vanguard of institutions embracing AI and data-driven approaches. “By leveraging a comprehensive data strategy and the capabilities of the Maryville Collective, the university is poised to revolutionize the academic landscape and set a new standard for personalized education,” Komarny expressed.
Maryville University envisions a future where education is more accessible, inclusive, and effectively prepares students for the challenges of the modern workforce. With this pioneering technological venture, Maryville continues to break new ground and solidify its status as a beacon of progress in the academic world.
Founded in 1872, Maryville University has grown into a comprehensive and nationally ranked private institution with an enrollment of 10,000 students. Offering over 90 degrees across various levels of education, Maryville has been recognized for its rapid growth and its significant impact on students from all 50 states and 56 countries. With more than 17,000 alumni in the St. Louis region alone, Maryville's influence continues to expand, promising a future where its graduates are well-equipped for success in a rapidly evolving global landscape.
Analyst comment
Positive news: Maryville University’s $21 million investment in AI and new technologies is set to transform the educational experience and propel the university to the forefront of digital innovation and student success. This move demonstrates the University’s commitment to adapting and leading in the changing dynamics of higher education.
Market evaluation: This investment is likely to attract more students and enhance the university’s reputation, leading to further growth and expansion in the future. The market for AI and technology in higher education is expected to see significant growth as more institutions follow suit in incorporating these advancements into their educational models.