Enduring values of serving society through education must be communicated through contemporary means. As classrooms go virtual and digital, learning is experiential. Industry 4.0, digital technologies, AI, robots, automation, circular economy, and social entrepreneurship redefine economies and jobs. MIT is concerned about the growing gap between the job requirements and skills, attitudes, and capabilities of fresh graduates and working on ways and means to transform itself into a center for lifelong learning. It identified critical areas of redefining and redesigning curriculum and education models (future-ready graduates), retraining faculty members (future ready faculty members), and transforming and thriving in the emerging future.