2016 ANNUAL REPORT ABOUT BHEF The Business-Higher Education Forum (BHEF) is the nation’s oldest membership organization of Fortune 500 CEOs, college and university presidents, and other leaders dedicated to the creation of a highly skilled future workforce. BHEF members collaborate and form strategic partnerships to build new undergraduate pathways; improve alignment between higher education and the workforce; and produce a diverse, highly skilled talent pool to meet demand in emerging fields. 01 Chief Executive Officer’s Message 02 Executive Summary 04 Using Innovation to Build a 21st-Century Workforce 05 Meeting the Demand for Digitally Enabled Professionals • Identifying Data Science and Analytics Professional Skills • Establishing Undergraduate Data Science and Analytics Programs • Combating Cybercrime by Expanding Cybersecurity Education • Inspiring Tomorrow’s Cyber Leaders 09 Pioneering New Programs and Educational Strategies • Supporting Success for Community College Students • Identifying a New Role for Academic Minors • Developing New Approaches for Deeper Learning 13 Thought Leadership 16 Financials 18 BHEF Membership 21 Chairs of the Business-Higher Education Forum CHIEF EXECUTIVE OFFICER’S MESSAGE Dear Colleagues, The ability to capture and analyze vast amounts of data revolutionized the business, government, and nonprofit landscapes, driving growth in productivity and innova- tion. While this transformation creates extraordinary opportunity, digital strategies also carry cybersecurity risk for client data and intellectual property. It takes a cyber- and analytics-enabled workforce to maximize the benefits of the digital revolution while minimizing the risks. The Business-Higher Education Forum (BHEF) is the nation’s oldest membership organization of senior business executives, college and university presidents, and other leaders working toward a shared goal: to harness the expertise of business to help higher education address the need for a diverse pool of high- performing graduates equipped to step into a rapidly evolving digital workplace. Addressing workforce challenges with higher education resources has been our focus for 39 years. Our members recognize the power of partnerships as the foundation for innovation. Through BHEF, they share perspectives and experience that can enhance undergraduate opportunities and promote greater participation by women, minorities, and underrepresented groups. These academic pathways prepare graduates to think critically and solve complex problems, work in collaboration, “We are grateful for our communicate effectively, and engage in lifelong learning. As highly skilled profes- members’ continued confidence sionals, they also are prepared to become engaged citizens. and generous support, as well as Building on our successful work in cybersecurity, we expanded our focus to data science and analytics (DSA) in 2016. The outcomes have significant implications the essential funding we receive for talent development in undergraduate education. Through market research, we from private philanthropies, provided our members with actionable insights on ideal DSA-enabled candidate government agencies, and other skills, released a first-of-its-kind, industry-validated DSA competency map, and stakeholders.” published case studies on successful business-higher education partnerships that demonstrate the power of BHEF’s Strategic Business Engagement Model. We are grateful for our members’ continued confidence and generous support, as well as the essential funding we receive from private philanthropies, government agen- cies, and other stakeholders. Without your participation, we would not be where we are today. My team and I are especially grateful to our remarkable board of directors. Their leadership and wise counsel enabled BHEF to succeed beyond our expectations in 2016 and positioned the organization for even greater achievement in the future. Regards, Brian K. Fitzgerald, Ed.D. Chief Executive Officer 1 THE BUSINESS-HIGHER EDUCATION FORUM / WWW.BHEF.COM EXECUTIVE SUMMARY Digital technologies and the data they generate increasingly define the dimensions of modern life and the 21st-century economy. Businesses and government agencies collect and analyze data from personal computers, mobile devices, social media, and internet-connected devices to better understand their clients. Data transforms business models and drives manufacturing decisions and health care options. In a digital economy, employers need BHEF brings together business and BHEF developed a strategic employees ready to bring 21st-century education leaders to identify needs implementation process refined over knowledge and skills to a rapidly evolving and challenges to achieve their shared multiple partnerships. With each workplace. With that need in mind, goals. BHEF created the National Higher engagement, BHEF helps its academic BHEF helps colleges and universities Education and Workforce Initiative in 2012 and business members assess regional create undergraduate programs and to catalyze strategic partnerships with workforce needs, identify curriculum gaps, experiences that prepare students for key stakeholders and identify metrics and co-design programs and courses. The professional roles in fields such as data and processes that facilitate the planning, result is a more successful career path science and cybersecurity, which are implementation, and assessment of new for undergraduates that can be broadly critical to many sectors. undergraduate approaches to prepare replicated by other institutions. students for high-skill careers. 2 THE BUSINESS-HIGHER EDUCATION FORUM / WWW.BHEF.COM “Data analytics is one of the most exciting in-demand fields today. It will remake virtually every industry and company. It offers us the ability to operate more efficiently, do a better job of anticipating our customers’ needs, and gain valuable insights into how we run our business.” LARRY ZIMPLEMAN / RETIRED CHAIRMAN, CEO, AND PRESIDENT / PRINCIPAL In 2016, BHEF convened national thought leaders and engaged its members at semi-annual meetings to better understand the evolving workforce challenges faced by a variety of industry sectors. This report provides an overview of that work, which also strengthened existing collaborations and opened the door to new partners and funders, provided exceptional value to its members, and inspired members to undertake and expand on proven initiatives. 3 THE BUSINESS-HIGHER EDUCATION FORUM / WWW.BHEF.COM BHEF 2016 ANNUAL REPORT 3 USING INNOVATION TO BUILD A 21ST-CENTURY WORKFORCE Traditional 20th-century knowledge and skills are no longer adequate for graduates to compete in the 21st-century digital workplace. As part of a comprehensive strategy to create undergraduate programs that address workforce needs, BHEF’s research and partnerships help identify the blend of skills in greatest demand and offer guidance as colleges and universities respond to this seismic shift. 4 THE BUSINESS-HIGHER EDUCATION FORUM / WWW.BHEF.COM USING INNOVATION TO BUILD A 21ST-CENTURY WORKFORCE MEETING THE DEMAND FOR DIGITALLY ENABLED PROFESSIONALS Businesses increasingly utilize digital technologies for a competitive edge, so they seek professionals who are enabled and ready not only to analyze and create value from that data, but also to protect that data from outside threats. These professionals use a full range of digital skills in their divisions and business units to drive operations. Preparing students for this responsibility entails identifying current skills, anticipating future demand, and then bringing higher education and business together to establish programs that address those needs. 5 IDENTIFYING DATA SCIENCE AND ANALYTICS Analyzing the DSA skill gap inspired PROFESSIONAL SKILLS a joint initiative by BHEF and the Business Roundtable, an association of CEOs of New York City is a test bed for a BHEF- leading U.S. companies who promote sound driven effort to prepare more undergraduate public policy and a thriving U.S. economy. students to become data science-enabled The Business Roundtable generously professionals. With support from the Alfred P. provided resources and access to conduct a Sloan Foundation, BHEF convened represent- Gallup survey of 200 C-suite executives and Businesses need undergraduates with data atives from higher education, government, 200 university provosts. Business executives analytics skills. Companies business, and cultural institutions who are were asked about issues such as their current of all sizes rely on data- committed to increasing the number and and future need for data analytics and their driven decision-making as a transformational component of diversity of undergraduate students with data ability to recruit candidates with DSA skills. their core operations. They have a science and analytics (DSA) skills. Questions for provosts included current defined need for the data-enabled This task force analyzed the region’s data and future demand for undergraduate DSA professional who can marry a deep background in a particular science workforce requirements and consid- courses and funding for such courses. field with the ability to apply ered how to align undergraduate education Another partner, Burning Glass analytics and visualization tools. and real-world experiential opportunities to Technologies, used its proprietary database to address those requirements. analyze the past and current landscape of job In 2016, BHEF and the task force pub- postings and the associated required