A university revolution?

I have a son who has left university after gaining a BA and is now working on a graduate scheme for a bank, a daughter who is currently studying at university for her Masters and a niece who gave up on university to start her own business because she didn't feel university was giving her what she needed for the future.  Today I read this statement from An avalanche is coming:  Higher education and the revolution ahead.

Just as globalisation and technology have transformed other huge sectors of the economy in the past 20 years, in the next 20 years universities face transformation.

The premise is that there needs to be a transformation of higher education - the current pace of change is too slow.  But what will the future of higher education be?  Here is a short video that gives one possible answer (and are these digital badges I see at the end?):



If you want to read more about changes in higher education, here is where I found this information. The IPPR's report was published in March 2013.

Photo Credit: K. Sawyer Photography via Compfight cc