AbstrakDalam menjaga eksistensi perguruan tinggi di era teknologi informasi dan digitalisasi, diperlukan sistem tata kelola perguruan tinggi yang berkualitas agar mampu beradaptasi terhadap dinamika perubahan. Jenis penelitian dalam artikel ini yaitu penelitian kualitatif melalui penelusuran terhadap sejumlah literatul sebagai sumber primer. Hasil kajian menunjukan bahwa sistem tata kelola perguruan tinggi juga harus memperhatikan prinsip Good University Governance (GUG) dalam mengurangi resiko kesalahan dalam pengelolaannya. Dengan ruang lingkup GUG yang meliputi unsur perencanaan, pelaksanaan, pengendalian, dan peningkatan kualitas secara terus menerus dilakukan berdasarkan monitoring dan evaluasi. Perwujudan tata kelola perguruan tinggi yang diharapkan harus dilakukan secara bertahap, terencana, dan terprogram dengan kerangka waktu yang jelas mulai dari tata kelola penjaminan mutu, tata kelola aspek fungsional termasuk tata kelola keuangan, dan tata kelola informasi dan digitalisasi. Dengan demikian, belajar dari praktek perguruan tinggi kelas dunia, dapat dilakukan dengan memperoleh kiat sukses agar tata kelola perguruan tinggi menjadi lebih berkualitas serta menghasilkan lulusan yang berkualitas dan siap bersaing.Kata Kunci: Tata Kelola; Perguruan Tinggi; Teknologi Informasi; Digitalisasi.AbstractIn maintaining the existence of higher education institutions in the era of information technology and digitalization, a quality higher education system is needed to be able to adapt to the dynamics of change. The type of research in this article is qualitative research through tracing a number of literatures as primary sources. The results of the study show that the higher education governance system must also pay attention to the Good University Governance (GUG) principle in reducing the risk of errors in its management. With the scope of GUG which includes elements of planning, implementation, control, and continuous quality improvement based on monitoring and evaluation. The realization of higher education governance is expected to be carried out gradually, planned, and programmed with a clear time frame starting from quality assurance governance, functional aspect governance including financial governance, and information governance and digitization. Thus, learning from the practice of class university colleges can be done by obtaining successful tips so that higher education governance will be of higher quality and produce qualified graduates who are ready to compete.Keywords: Governance; College; Information Technology; Digitization.

Investment can be defined as an activity to postpone consumption at the present time with the aim to obtain maximum profits in the future. However, the greater the benefits, the greater the risk. For that we need a way to predict how much the risk will be borne. Modelling data that experiences heteroscedasticity and asymmetricity can use the Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) model. This research discusses the time series data risk analysis using the Value at Risk-Asymmetric Power Autoregressive Conditional Heteroscedasticity (VaR-APARCH) model using the daily closing price data of Bitcoin USD period January 1 2019 to 31 December 2019. The best APARCH model was chosen based on the value of Akaike's Information Criterion (AIC). From the analysis results obtained the best model, namely ARIMA (6,1,1) and APARCH (1,1) with the risk of loss in the initial investment of IDR 100,000,000 in the next day IDR 26,617,000. The results of this study can be used as additional information and apply knowledge about the risk of investing in Bitcoin with the VaR-APARCH model.