Digital Dashboard for Higher Education (Part 6): Improving Performance Using Business Intelligence
In my last entry, I discussed the data warehouse’s role in the digital dashboard for Higher Education. In parallel to the data warehousing technology, Business Intelligence (BI) is a system of reports, metrics and dashboards designed to drive decisions that optimize an organization’s performance. Reports, scorecards and digital dashboards are some BI applications that could be designed using data warehousing technology. Business Intelligence components reside on the data warehousing platform to enable end users to access them more efficiently.
BI performance management software for Higher Education enables you to:
• Calculate curriculum costs
• Identify good fundraising programs and sources (e.g., Alumni)
• Monitor student headcount and performance, program outcomes, school reputation, national agendas and other KPIs
• Share secure Web-based information with all stakeholders
• Manage endowments and recruitment through driver-based planning
• Spot high- and low-performance schools or programs
• Map enrollment to attendance and attendance to performance
• Speed compliance reporting
I’ll wrap up with my conclusions regarding the digital dashboard for Higher Education in my next entry.