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Summary
Pessimistic aspects
Cost-benefit analysis is a quite complex task
Even if the formula is found, there is very little of data to
use
Graduates often move horizontally to different professions
There is a multitude of job titles related to a particular
academic degree
Optimistic aspects
There is so much room for improvement of retention rates
There is a lot of commitment from universities and
government to introduce improvement programmes (FYE at
Unisa)
Cost-benefit analysis may be one of the important factors
for the approval and continuation of improvement
programmes.
Data science tools can be easily utilized to provide the
values for various parameters