7 ways data strategy drives success
According to a survey conducted by the National Association of Student Personnel Administrators, 80% of institutions agree that they must continue to invest in student success analytics to stay competitive, but a staggering 67% fail to effectively use the data they collect.
Unused data is lost potential. The role of analytics in higher education is to maximize the value of resources and outpace constituent needs.
7 ways an effective data strategy can drive institutional success
1. Map the future
Empower students and staff with the information and access they need to plot paths to success.
2. Increase enrollment
Find best-fit applicants and deliver the right messages exactly when they need to hear them.
3. Save time and money
Extend existing budget by improving value-added activity and process efficiency, while eliminating redundant manual input.
4. Build networks of support
Identify students in need of support and provide resources to help them along their academic journeys
5. Sharpen scholarship programs and prevent fraud
Ensure compliance with all financial aid policies, while providing new ways for students to fund their education.
6. Strengthen alumni relationships
Inspire philanthropy by leveraging the priorities of previous classes.
7. Show the ROI of your efforts
Demonstrate results and iterate on campaigns to never lose momentum on growth.
Stay agile
Higher education faces an unprecedented need for agility, and data-informed decision-making will be at its core.
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