Source:

• EFMD Global, Published on July 12th, 2024.

By Stephanie Mullins

Many people love to read the stories of successful business school graduates to see what they’ve achieved using the lessons, insights and connections from the programmes they’ve studied. We speak to one alumnus, Riccardo Ocleppo, who studied at top business schools including London Business School (LBS) and INSEAD, about the education institution called OPIT which he created after business school.

Please introduce yourself and your career to date. 

I am the founder of OPIT — Open Institute of Technology, a fully accredited Higher Education Institution (HEI) under the European Qualification Framework (EQF) by the MFHEA Authority. OPIT also partners with WES (World Education Services), a trusted non-profit providing verified education credential assessments (ECA) in the US and Canada for foreign degrees and certificates.  

Prior to founding OPIT, I established Docsity, a global community boasting 15 million registered university students worldwide and partnerships with over 250 Universities and Business Schools. My academic background includes an MSc in Electronics from Politecnico di Torino and an MSc in Management from London Business School. 

Why did you decide to create OPIT Open Institute of Technology? 

Higher education has a profound impact on people’s futures. Through quality higher education, people can aspire to a better and more fulfilling future.  

The mission behind OPIT is to democratise access to high-quality higher education in the fields that will be in high demand in the coming decades: Computer Science, Artificial Intelligence, Data Science, Cybersecurity, and Digital Innovation. 

Since launching my first company in the education field, I’ve engaged with countless students, partnered with hundreds of universities, and collaborated with professors and companies. Through these interactions, I’ve observed a gap between traditional university curricula and the skills demanded by today’s job market, particularly in Computer Science and Technology. 

I founded OPIT to bridge this gap by modernising education, making it affordable, and enhancing the digital learning experience. By collaborating with international professors and forging solid relationships with global companies, we are creating a dynamic online community and developing high-quality digital learning content. This approach ensures our students benefit from a flexible, cutting-edge, and stress-free learning environment. 

Why do you think an education in tech is relevant in today’s business landscape?

As depicted by the World Economic Forum’s “Future of Jobs 2023” report, the demand for skilled tech professionals remains (and will remain) robust across industries, driven by the critical role of advanced technologies in business success. 

Today’s companies require individuals who can innovate and execute complex solutions. A degree in fields like computer science, cybersecurity, data science, digital business or AI equips graduates with essential skills to thrive in this dynamic industry. 

According to the International Monetary Fund (IMF), the global tech talent shortage will exceed 85 million workers by 2030. The Korn Ferry Institute warns that this gap could result in hundreds of billions in lost revenue across the US, Europe, and Asia.  

To address this challenge, OPIT aims to democratise access to technology education. Our competency-based and applied approach, coupled with a flexible online learning experience, empowers students to progress at their own pace, demonstrating their skills as they advance.  

Read the full article below:

• EFMD Global

Source:

• The European, Summer 2024 Edition, Page 24

With careful planning, ethical considerations, and ensuring human oversight is maintained, AI can have huge market research benefits, says Lorenzo Livi of the Open Institute of Technology.

By Lorenzo Livi

To market well, you need to get something interesting in front of those who are interested. That takes a lot of thinking, a lot of work, and a whole bunch of research. But what if the bulk of that thinking, work and research could be done for you? What would that mean for marketing as an industry, and market research specifically?

With the recent explosion of AI onto the world stage, big changes are coming in the marketing industry. But will AI be able to do market research as successfully? Simply, the answer is yes. A big, fat, resounding yes. In fact, AI has the potential to revolutionise market research.

Ensuring that people have a clear understanding of what exactly AI is is crucial, given its seismic effect on our world. Common questions that even occur amongst people at the forefront of marketing, such as, “Who invented AI?” or, “Where is the main AI system located?” highlight a widespread misunderstanding about the nature of AI.

As for the notion of a central “main thing” running AI, it’s essential to clarify that AI systems exist in various forms and locations. AI algorithms and models can run on individual computers, servers, or even specialized hardware designed for AI processing, commonly referred to as AI chips. These systems can be distributed across multiple locations, including data centres, cloud platforms, and edge devices. They can also be used anywhere, so long as you have a compatible device and an internet connection.

While the concept of AI may seem abstract or mysterious to some, it’s important to approach it with a clear understanding of its principles and applications. By promoting education and awareness about AI, we can dispel misconceptions and facilitate meaningful conversations about its role in society.

Read the full article below:

• The European, Pages 24 to 26.

Source:

• QS Insights Magazine

Debating the merits of human recruiters vs. AI chatbots

By Chloë Lane

Less than two years have passed since ChatGPT was first released to the public. For many, OpenAI’s chatbot was their first real introduction to AI technology.

Now, in 2024, AI is being used regularly in many different industries and is continuing to grow. The global market for AI in education is expected to reach $6 billion by 2025.

In higher education specifically, one of the ways it is used is in helping students decide where to study. Over a third of students surveyed in a recent QS report said that Generative AI has influenced their choice of course, university and career.

When considering a study destination, applicants understandably have plenty of questions for students and faculty at their institution of interest. However, these questions can often go unanswered for a long time if asked outside of standard helpdesk hours. This is where AI chatbots come in.

AI alone is not enough to attract the best candidates

At the Open Institute of Technology (OPIT), an online institution which specialises in tech degrees, students undoubtedly prefer to interact with real tutors and appreciate the opportunity to meet professors and classmates face-to-face, even in a virtual setting. But when it comes to student recruitment, Greta Maiocchi, Head of Marketing and Admissions, can certainly see the appeal of an AI chatbot.

“AI chatbots can provide immediate answers at any time of day or night, which can be very convenient for students with busy or irregular schedules,” she says. “They can efficiently handle routine inquiries and provide instant information, but they do not replace the depth that human interactions offer.”

She raises the point that while AI chatbots can offer quick responses, they are limited by the data used to train them and might not fully address specific or nuanced queries. Besides, the empathy and personalised support provided by human interactions are crucial and cannot be easily replaced.

“Human touch fosters a sense of belonging and support that is essential for a fulfilling educational experience,” she admits.

A combination of AI chatbots and human interactions would therefore be the most effective approach for student recruitment, Maiocchi believes. This approach, she says, will maximise efficiency while maintaining the personal touch that students value.

Transparency is a key factor to consider, adds Maiocchi. Students should always be informed when they are interacting with an AI chatbot, ensuring that they know when to expect automated responses and when to seek more personalised assistance.

“Recruitment offices can restructure to maximise efficiency by utilising AI for routine tasks but should always ensure that human staff are available to offer the necessary depth and personalised touch that prospective students often seek,” she advises.

“Ensuring a human presence, especially in the later stages of the recruitment process, is crucial for building trust and fostering a positive experience.”

Read the full article below:

• QS Insights Magazine

Source:

• Times of Malta

Pubished on June 27th, 2024.

Open Institute of Technology holds talks with Malta education authorities, on potential research collaboration

June 27th, 2024

2 min reading

Officials from an online Higher Education Institute based in Malta met with education authorities last week to discuss opportunities for collaboration on innovative fields of research.

The Malta-based Open Institute of Technology (OPIT) held talks with Education Minister Clifton Grima, among others, discussing increased appetite for innovative courses from Maltese students, as well as the potential of research collaboration with local entities.

OPIT is an EU-accredited Higher Education Institution, specialised in offering online degrees in Technology.

OPIT programmes and degrees are fully accredited by the Malta Further and Higher Education Authority (MFHEA) and include innovative courses on game development, cyber security, and development.

The institute was represented during the talks by its rector, a former Minister of Education of Italy, Prof. Francesco Profumo, as well as Riccardo Ocleppo, OPIT’s founder.

Aside from Minister Grima, the two also met with the CEO of MFHEA Rose Anne Cuschieri, and University of Malta Pro-Rector Prof. Frank Bezzina.

Ocleppo provided comprehensive feedback, including quantitative data from OPIT surveys, and qualitative feedback from students and companies, and identified areas for improvement.

Notably, there was significant interest from Maltese students regarding enrollment in 2024.

OPIT currently offers a range of accredited degrees, and plans for future program expansions were also discussed.

Following his attendance at OPIT’s inaugural academic year opening in September, Mr. Ocleppo met with Minister Grima to provide a personal update.

Together with Professor Profumo, they discussed OPIT’s milestone of enrolling over 100 students from 38 countries.

The discussion also touched upon the benefits to Malta from hosting institutions such as OPIT, including collaboration between online and physical institutions.

Additionally, Ocleppo proposed hosting next year’s graduation ceremony in Malta for the first graduates of its Master of Science Program in Data Science and Artificial Intelligence.

The meeting with Pro-Rector Bezzina meanwhile, focused on potential collaboration between OPIT and the University of Malta.

Discussions included opportunities for joint research projects, student exchange programs, and other collaborative initiatives that would benefit both institutions and enhance the educational landscape in Malta.

Read the full article here:

• Times of Malta

Sources:

• Il Sole 24 Ore
• La Stampa, also in physical edition from June 14th, 2024, page 49.

Pubished on June 13th, 2024 by Teleborsa.

Italian university students are focusing on STEM degrees and online education for greater job opportunities

June 13th, 2024

5 min reading

63% of Italian university students believe that a degree in technical, digital or IT disciplines offers greater job opportunities than all others, demonstrating the importance of STEM skills in obtaining more employment opportunities at the end of the university cycle. This is a preference that is expressed not only by those who attend degree courses in this field, but also by students of humanities universities.

Furthermore, undergraduates also have clear ideas about the different ways to attend courses: 57% prefer a hybrid model of university education, with a balanced combination of in-person and live streaming lessons, as well as asynchronous digital content that can be accessed at any time. However, since this polarization between in-person universities or online universities still exists in Italy (11 online universities in the country), 73% of university students declare that they would be willing to attend exclusively online university courses if they were of recognized quality; ideally, if they were able to make the choice of taking a degree path again, 44% of students would no longer orient themselves towards a physical university but towards an online one, as long as it is a quality one.

The data emerge from a survey by OPIT – Open Institute of Technology, an academic institution accredited at European level, that carried out a sample of 1500 high school and university students belonging to the Docsity community, a platform for sharing documents and content of student interest, with more than 15 million members.

The research was presented during the event “University education in the era of Artificial Intelligence” (L’istruzione universitaria nell’era dell’Intelligenza Artificiale) which took place in Turin at Spazio35 at the Intesa Sanpaolo skyscraper. Moderated by the journalist Enrico Pagliarini, the discussions included Professor Francesco Profumo, Rector of OPIT (Open Institute of Technology) and former Minister of Education; Elena Bonfiglioli, Global Business Leader of Microsoft; Germano Buttazzo, senior manager for the Academic sector of LinkedIn; Alessandro Risaro, founder of DataPizza; and Riccardo Ocleppo, founder of OPIT and Docsity.

Read the full article (in Italian) here:

• Il Sole 24 Ore
• La Stampa

Source: La Repubblica, also in physical edition from June 17th, 2024, page 1.

Written on June 17th, 2024 by Marta Borghese.

The former minister is the rector of the online university founded by Ocleppo from Turin: “Today we should go back to school more often”

By Marta Borghese, June 17th, 2024 at 02:00

2 min reading

“Educational models are the products of the industrial revolutions in which they were developed”. In the ongoing revolution, where humans are interacting with machines capable of learning, “the speed of change and the uncertainty of the future require us to think of much more flexible models than in the past”.

Francesco Profumo, former Minister of Education with the Monti Government and now member of the European Innovation Council of the European Commission, speaks as rector of OPIT, Open Institute of Technology, the university founded by Riccardo Ocleppo from Turin and dedicated to Computer Science. A reality conceived in Turin – “a place of thought”, comments Profumo – but based in Malta and with a global spirit, which in the first year of its launch attracted 100 students from 40 countries.

Full article (in Italian) here: La Repubblica

At OPIT – Open Institute of Technology, we understand that academic success requires more than just textbooks and lectures. That’s why we offer a comprehensive learning support system designed to empower students at every stage of their educational journey.

Your Success is Our Priority

Our robust learning platform, Canvas LMS, is your one-stop for everything academic. It provides seamless access to course materials, including asynchronous video lectures you can revisit at your convenience, engaging and interactive live sessions, and practice quizzes and assignments to solidify your understanding.

A Network of Support at Your Fingertips

But the resources don’t stop there. OPIT fosters a collaborative learning environment through discussion forums where students, tutors, and professors can exchange ideas and solve doubts. Our highly qualified tutors, possessing a minimum of an MSc degree, are available around the clock to address any course-related queries, both theoretical and practical. Additionally, a dedicated Class Coordinator assists with administrative concerns, ensuring a smooth learning experience.

Track Your Progress, Achieve Your Goals

Canvas LMS also empowers you to stay on top of your academic progress. View your monthly calendar to stay ahead of deadlines, access your grades to gauge your performance, and utilize this information to set realistic goals for upcoming graded sssessments. With all the tools readily available, you can plan effectively and approach your studies with confidence.

Experience the OPIT Difference

To get a glimpse into the daily routine of an OPIT student and discover how our learning support system simplifies your academic journey, click on the link below and watch the full video: “A Day in the Life of an OPIT Student.” See for yourself how OPIT empowers you to excel in your studies and achieve your academic aspirations.

Click Here: A Day in the Life of an OPIT Student

Source: La Stampa, also in physical edition from June 09th 2024, page 24.

Francesco Profumo: “The ministry only supervises individual acts. Autonomy is not in question”

The former president of Compagnia and Acri: “The system of institutions has antibodies. For appointments, the triad mechanism doesn’t work, a simple indication is better”

By Claudia Luise, June 9th, 2024 at 12:17

4 min reading

“Foundations have the antibodies to overcome complicated moments”. Francesco Profumo, former President of the Compagnia di San Paolo and former President of Acri (l’Associazione di Fondazioni e di Casse di Risparmio italiane) answers the phone while he is at the airport, engaged in his double life as a trainer with the academic institution OPIT (of which he is rector) and an innovator with Isybank, the online bank of Intesa Sanpaolo (of which he is President).

What is your opinion on the Crt Foundation affair?

“I don’t want to go into the Crt issue, because I don’t know the details and it’s not my responsibility, but I can report my personal experience, as a former president of the foundation. In recent months, the Compagnia di San Paolo has undertaken the process of revising its statute and renewing its governance, everything went smoothly and within the expected time frame. I believe that the Society’s statute is a good statute and that it can also be a model for other foundations. As preliminaries to the revision of the statute, which is approximately 10 years old, the new post-pandemic national and European context, the hybrid territorial foundation model and the new operating methods tested in the last 8 years, during my presidency, were posed. The designating bodies have a very important role, because they designate the Councilors of the new governance, with the skills necessary to make the foundation work well collegially. The designations are “dry”, one for each position to be renewed. The Steering Committee constitutes a collegial evaluation of the CV of each designee and votes on their appointment. The Directors thus appointed have no mandate and must work for the good of the foundation and the beneficiaries”.

If a commissioner arrives in Turin, could the “fool” made by the territory also generate repercussions within the Company?

“I do not think so. The Company has demonstrated over the decades that it is a resilient entity, despite natural transitions in governance. Some accidents can happen in a large community like that of foundations, in Italy there are 86, but I believe that there are the right antibodies to bring these events back to the right dimension”.

Is it right for foundations to be controlled at a public level?

“The ruling of the Consulta, 300 of 2003, clarified that foundations are private bodies with full statutory and management autonomy, non-profit, with social objectives, subject to legitimacy supervision of individual acts by the Treasury. So there are all the elements for these bodies to be responsibly autonomous. From this point of view there has been an interesting evolution.”

What was it?

“The thirty years of the foundations can be divided into approximately three decades. The first, from the Amato law (1990) to the Ciampi law (1999), in which well-defined rules did not yet exist and potential beneficiaries asked for resources directly from the foundations, which responded based on availability. The second, from the Ciampi law to the signing of the Acri-MEF protocol (2015), in which the rules were written, for example on the management of assets and on the maximum number of director mandates”.

And now?

“The maturity of the foundations has been underway since 2015. Today they are subjects who act, in the territories, as development agents and, as such, have developed the strategic capacity to define objectives, priorities and methods of intervention and operate in subsidiarity with other third sector subjects, public and private. Many foundations today operate in a hybrid mode: they are not only providers, but also implementers.”

What does this mutation mean?

“Foundations increasingly often implement capacity building, co-planning and results evaluation actions. The Pnrr was a very interesting field of experimentation with excellent results.”

What do you think of Lagarde’s decision to lower rates?

“The European Central Bank acted correctly.”

What path should the ECB take?

“President Lagarde’s words are very clear. “Interest rates must remain restrictive as long as necessary to ensure price stability on a lasting basis“. In other words, we will still have to keep our foot on the brake pedal for a while, even if we don’t push as hard as before.”

OPIT, the leading academic institution dedicated to the digital themes, is organizing a meeting at the Grattacielo Intesa Sanpaolo in Turin on Thursday. But why do we need educational programs like this?

“Next will be the second academic year of this new institution which is based in Malta. The fundamental reason is that there is a demand for education that is closely connected to the digital transition, with all that it entails, both from the point of view of skills and the speed of change and uncertainty. Industrial revolutions previously lasted up to 90 years and therefore what you learned in school was enough for a lifetime. This industrial revolution, however, will be very short, it will last about twenty years, so it will be necessary to do more training. And then, while in the other three revolutions there was a partial replacement of people’s muscular strength with a form of energy, now for the first time we have an aid to brain activity.”

What impact does all this have on education?

“By putting these elements together, we understand that the training models and the resulting offer will have to be different compared to the past: they will have to be more diversified (different actors who will play their part in this new world that is being built) and based on a model of people’s lives that surpasses the current one, dictated by a part of studying/training, a part of work and a part of retirement. The reduction of the times of this revolution will ensure that what we have learned in school is not enough and therefore we will need to go back to school several times, unlearning things we have learned and learning new ones. In the first part of life, therefore, we must learn to learn; otherwise, updating skills will become extremely tiring for people. So there is a growing demand to decouple knowledge from skills: the former will last a lifetime, the latter will not. OPIT is an educational offer designed not on the basis of previous experiences, but on the basis of future needs. There are teachers from over 40 countries and the accreditation is done in an English-speaking nation to have a truly international spirit with students from all over the world who can contribute to the creation of this new training culture.”

What role could the Italian foundation for AI, born in Turin a few weeks ago, have?

“It is a little early to say what the operational model of the Foundation will be, the President has just been appointed and the first act will be the start of the selection procedure for the Director. The Director, who is the central figure for the development of the Centre, will have to present the Strategic Plan, which will indicate the main sectors of activity, the skills of the staff who will have to be hired initially and the network of scientific relations at local, Italian and European level , which will be launched in the first two years of the Foundation’s life. The times will not be short, also due to the competition with other similar initiatives, which are developing in Italy and Europe”.

As president of Isybank, how do you combine all the roles?

“Training, research and applications in the artificial intelligence sector are and will be increasingly interesting, with their developments happening in the coming years. We are only at the dawn of a revolution that will profoundly change our way of living, studying and working and we will have to be prepared to manage these transitions. I am sure that the speed of change and the uncertainty of the future will be two characterizing elements of this historical phase and we will have to be very careful not to forget the centrality of man and the ethical aspects with respect to the changes we will have to make. We will have to be very attentive to the education of the new generations, starting from the first years of school, but we will also have to invest with great attention in people already in adulthood, who will have to be accompanied and not abandoned. With reference to Isybank, I have started studying and I hope that in a reasonable time I will be able to make an intellectual and operational contribution to a sector of great importance for our country”.