Recently, one of the most important topics of conversation at colleges/universities has been data analytics. There is more room for target advice using this method to gather information and analyze different elements. This includes the finances of an individual learner and their academic performance.

The most reliable methods seem to be using real-time dashboards, which would allow the university staff to be more confident when making certain decisions. This would improve the number of learners who graduate from college with a degree and increase learner retention.

What Is Real-Time Dashboard Data Analytics?

This method can help both staff and learners decide on specific issues more efficiently. The most significant difference between real-time data analytics and conventional data analysis is that it is thoroughly reviewed as soon as the information is collected, considering all the elements and putting them in a uniform frame before deciding.

The biggest advantage of this method is that everyone will be able to reap benefits from it. On the one hand, learners will enjoy targeted advising. Simultaneously, the college personnel is more likely to keep the learners at the campus, thus ensuring financial support from federal and state officials. These officials consider the number of learners who earned a degree as opposed to how many enrolled. 

Best Practices for Data Analytics

There are many different tools that universities and colleges tend to apply to up their data analytics game. The first one is the predictive method, which considers elements, such as the learner’s background, finances and current academic success, to determine whether they need advising. This can benefit college personnel because they can perform more efficient target advising without hiring new staff, and in that way they can cut costs.

One of the many critical elements to consider when using such a method is supporting certain human biases related to race or financial situation. For this reason, tech providers or an expert analytics team tracks, and must be in charge of, such an algorithm. 

Lastly, by allowing learners to have an insight into their own data, the college will enable them to be informed on what information is taken into consideration when deciding whether they need or don’t need individual advising.

How Does It Benefit Everyone?

First, the employees will have a much better chance of predicting the rate of learner dropouts for the year. By identifying and addressing the leading causes of learners failing and giving up on their college education, the number of graduate learners can be increased.

On the other hand, college marketing experts will determine the target groups they should focus on and thus make sure that the money invested pays off. 

In the end, it is the learners who probably benefit the most, given that those who need it will be individually advised to overcome educational challenges.

Conclusion

Yes, real-time analytics can be risky if the staff takes nothing but what the algorithm decides. However, when the knowledge of analytical experts and the information provided by data analysis is put together, everyone is sure to benefit!