Answers to Improving Student Retention (177207456)

7/27/2019 Answers to Improving Student Retention (177207456)

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© 2012 IBM Corporation

Finding Answers to

Improving Student Retention

Welcome to our Presentation:




Pamela KickPinnacle IT – CEO and President

AnalyticAnswers.com

[email protected]

(888) 313-9123

2

Theresa Morelli

Global Senior Product Manager

IBM Corporation

[email protected]

Your presenters

mailto:[email protected]







Finding Answers to Improving Student Retention

Educators are using predictive analytics to drive higher

graduation rates. Using simple, affordable, cloud-based

solutions, you can predict which students are at risk of

dropping out and get individualized recommendations for how to intervene and keep them on track – no analytics

expertise required. Focus on what matters most: creating

and retaining successful students.

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Understand why analytics are no longer optional in today’seducational landscape

Learn how to overcome barriers to adopting predictive analytics for

student retention

Determine how to shift your focus from heavy, technical solutions toimproving student outcomes

Discover how to quickly and easily implement customized, cloud-

based analytics

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Goals for today’s presentation




I. Trends in Education: the need for better decision

making

II. Analytics in Education

III. Improving outcomes in education

IV. Beginning the analytics journey

V. Questions and Q&A

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Key topics for today




Let’s take a pulse – What are your concerns?

– What problems does your institution face with Student Retention issues?

– How are you managing the situation?

– Who among you is using a system now to improve Student Retention?

– What kind of systems are you using? Internal custom or External?

– What kind of results are you getting?

– What challenges are you facing?

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Ongoing budget pressures

and scarce resources

Lack of quality decision

information

Expectation of improved

performance

Need for transparency and

accountability

Increased competition,

expectations

Complex school operations

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Institutions of Higher Ed are under increased pressure




How serious is the problem?

1 2010 Retention/completion summary tables published by ACT Inc.

2 “Colleges are failing in graduation rates,” The New York Times, September 8, 2009.

3 “Education Secretary Targets Colleges with Low Graduation Rates,” The New York Times, June 5, 2012.4 Graduation Rates Fall at One-Third of 4-year Colleges,” The Chronicle of Higher Education, December 5, 2010.

Incoming Freshmen

Returning Sophomores

1/3 of enrolled freshmen fail to return for their sophomore year. 1 Nearly two of every three students whostarted college did not graduate from

that same college in 4 years. 3

and more than 40% didn’t graduatein 6 years.

Only half of students enrolled in a college or

university receive a bachelor’s degree. 2

Over 30% of 4-year colleges recently saw

a drop in their median graduation rate. 4




What’s the cost of losing students?

Lost tuition revenue The cost of recruiting new students

Repair of damaged reputation

Loss of alumni donations

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Costs theschool

College dropouts are more likely

than graduates to be unemployed,earn less, and default on loans.

Weaker start for students

For a university with 6,000 students that charges$30k/year in tuition and experiences a 1/3 dropout rate of freshmen, this could mean $180M in lost tuit ion !




Financial benefits• Current/future tuition

• Alumni donations

What if you could answer just one key question?

What if youcould identify

which studentswere at risk of dropping out?

Better student engagement• Happier students

• More engaged alumni

Measurable institution performance• Graduation rates

• Job placement

The ROI of so lution s that incorp orate predict ive analyt ics is about 250%,

significantly higher than the 89% ROI of projects focused only on informationaccess and internal productivity gains.1

1 IDC Business Value of Predictive Analytics June 2011




5.4xTop Performers are

more likely to use ananalytic approach

over intuition*

Source: Analytics: The New Path to Value, a joint MIT Sloan Management Review and IBM Institute of Business Value study.Copyright © Massachusetts Institute of Technology 2010.

*within business processes

Enrollment

Management

Identifies which

students will

yield..and persist

Academic Advising

Knows which studentsare at risk of dropping

out and which targeted

interventions will keep

them on track

Institutional Research

Uncovers hidden

patterns in student

performance

Budgeting &Planning

Accurately

forecasts

operational needs

and drives

effective allocation

of resources

Institutional Advancement

Predicts which donors will

donate, how much, and the

optimal channel to solicit

the ask

Deans & Provosts

Gains deep insight into

student and educator

performance

Analytics-driven educational institutions outperform




Who’s using analytics now to improve retention?

Hamilton County School District has seen an 10%

increase in graduation rates and a 25% reduction in

the annual dropout rate since the solution was

introduced in 2009.

The American Public University System

knows with approximately 80% certainty

whether a given student is going to drop out.

Wichita State University increased

the accuracy of predictions about

student success by 15 percent, to a

staggering 96 percent.




Adopting analytics involves several moving parts

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Expertise

• In-house resources• Externally sourced

consultants

Interaction with IT

• budgeting/approval

• technical skills

Implementation time

• learning/ramp up• infrastructure integration

• system operationalization

Cost

• software licenses

• servers and hosting

• maintenance

• training




2011 2014

Easing infrastructure challenges with the cloud

Sources: IBM Institute for Business Value, 2012 and 2011 IBM Insitute for Business Value/Economist Intelligence Unit Cloud-Enabled Business Model Survey.

Masked complexity and the ability to

pay as you go were cited as top benefits

The adoption of cloud-based

infrastructure continues to accelerate



Improving student retentionwith predictive analytics




A cloud-based predictive analytics subscription that “answers” this

question – no analytics expertise required!

Simply upload a list of your current students to a web-based UI and

download results at the level of individual students

Get up and running quickly with customized models built from your university’s data

Great for colleges and universities with constrained budgets and

lack of analytics expertise

Online education is a great fit!

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Which of our students are at risk of disengaging? How should we intervene toget them back on track and avoid the possibility of their dropping out?

IBM Analytic Answers for Student Retention

What if you could answer just one key question?




IBM Analytic Answers: Advanced Analytic Solutions in the Cloud

ACTION

Analyt ic Answers Serv ice

List of current students withinformation like:

• Attendance• Grades and test scores

• Program participation• Anonymized demographics

For each student:• Risk of attrition (predictive)

• Recommendation for intervention (prescriptive)

Retention Actions

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Expertise

• In-house resources

• Externally sourcedconsultants

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Dependence on IT

• budgeting/approval

• technical skills

Implementation time

• learning/ramp up

• infrastructure integration

• system operationalization

Cost

• software licenses

• servers and hosting

• maintenance

• training

Removing barriers to adoption



A closer look: Analytic Answers demo

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Putting Answers into Action

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Answers outputs are extremely flexible – but youmust take action!

Analytic Answers for Student Retention

Consume directly(e.g. open in Lotu s 1-2-3)

Import into a

visualization tool like

Cognos Insight

Link to your StudentRecords system




Beginning the analytics journey to improvingstudent retention

What key metrics are related to student

retention?

Where is student data stored, and how can

I access it?

What attributes of my student body, courses

of study, or supplemental programs make

my institution unique?

What intervention programs might beimplemented to retain students?

How might I grow my analytics capability?

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Summary

Analytics have become an imperative, not

an option

The cost of attrition is significant and hurts

both the school and the students

Leading institutions are using predictive

analytics to improve outcomes, and theresults are dramatic and measurable

The most effective analytics solutions

focus on the outcome and are directly

actionable

Using analytics doesn't have to be hard!

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Focus on whatmatters most:

creating and

retaining

successfulstudents.

Pinnacle IT and IBM Analytic Answers make it possible for every

university to introduce the power of predictive analytics




More resources

For more information, including white papers,demonstrations, and ROI analysis for your institution,

contact Pinnacle IT.

We invite you to interact with us at:

www.AnalyticAnswers.com

www.PinnacleIT.com

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Contact Inform ation:

Pamela Kick

Pinnacle IT – CEO and President AnalyticAnswers.com

[email protected]

(888) 313-9123

http://www.analyticanswers.com/

http://www.pinnacleit.com/



http://www.pinnacleit.com/

http://www.analyticanswers.com/



© 2013 IBM Corporation26




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Answers to Improving Student Retention (177207456)