Data-driven decisions can make a big difference in reducing dropout rates.
Big ideas are the bedrock of colleges and universities. Big data is helping them come to grips with an uncertain future.
Today, 71% of universities and colleges report having one or more data analysts on staff. Their mission: to leverage analytic insights and empower data-driven decision-making to better serve students and faculty, and in the process help to future-proof their institution in uncertain times.
“Higher ed institutions tend to be slow movers compared to other industries and organizations,” says Jack Neill, vice president of product at HelioCampus, a higher education analytics advisory firm. “The pandemic changed people’s mindsets. Now CIOs are latching onto these tools and making bolder, faster moves.”
As higher education accelerates its digital transformation, colleges and universities face a raft of challenges that will be familiar to any organization: rising costs and dwindling revenue; navigating customer (i.e., student) turnover and staff shortages; and building resilience to face radical change and disruptions. They’re looking to the data for solutions, with the help of analysts who are themselves often in short supply.
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