This document discusses competency-based education (CBE) and experiential learning. It defines CBE and explains why it is important. CBE focuses on demonstrating competencies through assessment rather than credit hours. Experiential learning captures skills gained outside the classroom. The document notes that current data systems do not adequately support CBE and experiential learning. It analyzes how CBE and experiential learning data may differ from traditional models and looks at what vendors are doing. It calls for stakeholders to participate in developing data standards to support these new education models.