Connection

The Official Blog of Forecast5 Analytics

Jason Rader
WRITTEN BY
Jason Rader

Education, Forecasting, Technology, Big Data

The Big Data Era In Education Has Arrived

Posted on Nov 29, 2016 12:00:00 AM

This year, Michigan’s Department of Technology, Management and Budget (DTMB) announced the School Aid Budget will now include $1.5 million in funding to provide reimbursement to districts on subscription costs for approved data analysis tools. With this exciting announcement, it has become apparent that the big data era in education to help drive decisions is here!

While big data and analytics have slowly crept into the world of public education, this is just one of many examples where governments see the value in guiding decisions through data driven analyses.  For years, public schools have experimented with leveraging data for operational decisions, but with Michigan’s government leaders allocating reimbursement to districts on a per-pupil basis, this shows an example of the dedication to better informed decisions derived from data.

Learn more. Read "Analytics: The Paradigm Shift in the Public Sector"

Every year administrators have access to more data in order to make decisions. However, the large volume of raw data makes it very easy to become overwhelmed. With the tools in the marketplace today, administrators can analyze large amounts of data in a simple, strategic way resulting in effective decision making.

In the current times of financial strain and shrinking budgets, it is extremely difficult to make strategic decisions without the right data and tools.  Years ago, it would take weeks of work in Excel spreadsheets and paper analysis in order to attempt to analyze financial data – and hope to find early warning indicators of financial stress.  Today, this type of analysis comes in the form of a few clicks of a mouse.

Gone are the days of guessing what other peer school districts are doing or asking taxpayers to invest in the district’s expenses. With today’s technologies and platforms, districts can validate who their peer district benchmarks are and show taxpayers how they can invest in ideas rather than expenses.

While the recent era has been defined by limited resources and financial strains, the right tools can drive decisions in order to meet each district’s unique challenge.  This will result in maximizing resources while creating long term stability.  The big data era in education is here, and it will make a difference.


Approved vendors to provide data analytics services for the Michigan School Districts must meet all of the following criteria:

(a) Analyzes financial data.

(b) Analyzes academic data.

(c) Provides early warning indicators of financial stress.

(d) Has the capability to provide peer district comparisons of both financial and academic data.

(e) Has the capability to provide financial projections for at least three subsequent fiscal years.

Free Download | The Five Year Financial Projection eBook

DOWNLOAD NOW


Jason Rader is Vice President of Sales at Forecast5 Analytics, Inc. – a technology company focused on software development and data analytics for the public sector.  Jason has spent the past 15 years establishing long-term strategic relationships as well as helping companies expand revenue and company growth year in and year out.  His diverse marketing and sales experiences have allowed him to offer companies growth from digital presence down to the bottom line.

Post a Comment

From the learning center

5Cast Auto Insights Overview

5Cast Auto Insights Overview

Hear how the Auto Insights features in 5Cast Plus can help you answer your why-related financial questions quickly and efficiently.

Watch Now
Accurately Understanding The Impacts of COVID-19 on Future Financials

Accurately Understanding The Impacts of COVID-19 on Future Financials

Learn how Northwest ISD, located in the Dallas-Fort Worth Metroplex area of Texas, used 5Cast Plus to better understand COVID-19's impact on his district's finances, so that they could develop accurate scenarios to inform their decision making and communicate effectively with their school board..

Watch Now
Enhance Learning & Improve Student Outcomes Using Data

Enhance Learning & Improve Student Outcomes Using Data

Learn how 5Lab can help your district address learning gaps.

Watch Now
Merrillville Community School Corporation Uses New eLearning Insights

Merrillville Community School Corporation Uses New eLearning Insights

As the COVID-19 pandemic moved across the nation, schools began closing, and Merrillville made the decision to move all classes virtual. Dr. Dexter Suggs, Assistant Superintendent of Curriculum & Instruction, was faced with the daunting task of trying to determine how to support student learning in this new environment.

Download Now