EDUCATION industry is a highly competitive sector that has to always be on the edge to keep up with the changing dynamics of the market. The industry comprises of
mainly 3 segments - Higher Education, Primary Education, and
LMS (Learning Management System).
And of the many instruments of change that the educational institutions and e-learning entities need to thrive in the fast-changing world, business intelligence (BI) and
data analytics play a pivotal role.
They can not only help institutions improve the quality of education and stay ahead of the curve, but also help them with better decision-making, improved school-level
reporting, and restructuring of the complex legacy processes that
are prevalent in the industry.
Each sector in the Education industry, be it schools, colleges, universities, or online courses. has varied data sources that comprise of the humungous amount
of data. Those are the data generated from students either enrolled in them, or those collected through ‘education fairs’ and meetups and stored in their respective CRMs. So
greater the number of data sources, the higher is the level of complexity.
At Data Nectar, we help streamline your educational institution’s complex
data from various sources with the help of data integration and transform them into
high-performing database architecture to be stored to a proper data warehouse
for timely reporting. This paves a great way into optimizing resources like infrastructure
(school, college, etc.) and lab utilization.
Besides that, we help derive data insights from the videos and course notes in LMS by analysing key trackers like:
Besides that, we help derive data insights from the videos and course notes in LMS by analysing key trackers like:
- Number of users who attempted the course
- Dwell time by the users to consume the data
- The frequency of content accessed
- User’s performance on assessment
Data Nectar Technosys has been at the forefront when it comes to unleashing the power of data to create efficient processes (even) in a legacy system - by
reducing management complexity and discovering the facts.
The COVID-19 pandemic has changed the face of the education industry wherein online syndication of content has skyrocketed and has set a trend that is going to be in demand forever.
Our offerings as a data analytics consulting company are restricted not only to facilitate decision-making in top management, but also in enhancing the quality of education that includes sharing data insights that can be beneficial in providing an academic direction and marketing.
Most educational institutions have legacy systems that are complex and redundant to manage the huge amount of data they produce. Data Nectar harnesses the power of data analytics and BI solutions to help them use data to properly manage and make smart decisions
We analyse your raw data, measure them against separate KPIs (Key Performance Indicators), and transform them into Reports and Dashboards using data visualisation.
The COVID-19 pandemic has changed the face of the education industry wherein online syndication of content has skyrocketed and has set a trend that is going to be in demand forever.
Our offerings as a data analytics consulting company are restricted not only to facilitate decision-making in top management, but also in enhancing the quality of education that includes sharing data insights that can be beneficial in providing an academic direction and marketing.
Most educational institutions have legacy systems that are complex and redundant to manage the huge amount of data they produce. Data Nectar harnesses the power of data analytics and BI solutions to help them use data to properly manage and make smart decisions
We analyse your raw data, measure them against separate KPIs (Key Performance Indicators), and transform them into Reports and Dashboards using data visualisation.
Are you thinking of BI and Analytics solution for your
educational services?
Book a 30-minutes free consultation with our Business Intelligence experts today.
How to Leverage education analytics
FOR THE EDUCATION INDUSTRY SOLUTIONS
Interpreting Education Kips
LMS
UTILIZATION
LMS platforms are armed with varied analytics and reporting
features that help measure the performance and progress of your platform and its learning
courses. This is an important KPI that tracks crucial matrix-like learner progress,
job competence, training completion, and attendance rates, etc. that can help determine the
ROI of your training program.
STUDENT TO FACULTY
RATIO
This is a significant education KPI since it witnesses
the highest variation from year to year. It indicates the ratio that represents the
‘number of students’ enrolled at a school, university, etc. against the ‘number
of faculty’ that work in those institutions. This metric is an important indicator
that represents the quality of teaching in the concerned educational institution.
COURSES OFFERED
vs. ACCEPTANCE
This is an important metric particularly when it
comes to assessing highly competitive private educational institutions. Furthermore,
this KPI helps you keep track of the statistics and informs the institution’s top
management
about the number of learners (in percentage) who applied to the school/ university
vs. the number who were offered Acceptance to study.
STUDENTS
DEMOGRAPHICS
This KPI measures the demographic distribution of
students in an educational institution and is a significant indicator to showcase
the diversity graph in the student population. From mapping ethnicity, racial
category
to the demographic origin of the students, this metric is an essential metric for
your institution to reach out across to a wider cross-section of the society, the
students demographically represent.
GRADUATION
RATE
This Is a key metric that determines the rate of the
number of students in a school, University, or e-learning platform who has completed
their education/ courses or received a particular certificate or degree within the
stipulated time frame. However, make sure you have a well-crafted policy for
tracking transfers in and out of your grades, which otherwise would keep you
ignorant of the actual progress.
TRAINING COMPLETION
AND ATTENDANCE RATES
A key KPI in the education industry, it helps calculate the
ROI of your training program. Starting from calculating the average completion time of
training to calculating the number of individuals who have finished training, to
tracking their average hourly salary, this metric helps schools, universities, and
e-learning platforms determine the cost of training incurred.
FACULTY & STAFF
ATTENDANCE RATES
Attendance rates of faculty and staff members is a key
determining factor in ascertaining the credibility and quality of education for a
school or university. This KPI is crucial as a low attendance rate from faculty and
staff members can harm the organization, its reputation and performance.
FACULTY & STAFF
RETENTION RATE
Faculty and staff retention are integral to
maintaining a uniform level in the quality of education for an educational
institution. The high retention rates for faculty and staff members help students
and faculty build
a better rapport that helps deliver a superior performance. Also, retention saves
the management’s time and effort to retrain new staff and faculty regularly.
Let’s have a conversation to know more KPIs that can help you make better decisions
on improving the quality of your educational services
Let's talk
on improving the quality of your educational services
As per the Fortune BI report,
the global Learning Management System
(LMS) market is projected to
reach $29 billion by 2026, with annual growth of 19.1%. At the same
time, the global e-learning sector in the Education Industry is
predicted to grow to $ 336.98 billion in 2026, from nearly $200
billion in 2019. Also, with the COVID-19 pandemic forcing institutions
to go online, there is going to be a huge influx of data created for
the institution to manage. Data Analytics and BI Solutions will play
a big role here.