News

Updates from the world of data analytics.

IASA Adds 5Sight Bonus Session for Upcoming Conference



FOR IMMEDIATE RELEASE

Contact: Eric Smith
(630) 657-6515
esmith@forecast5analytics.com

This article originally appeared on the IASA website.

The Illinois Association of School Administrators (IASA) has scheduled a special bonus session just prior to the opening of the IASA Conference on October 17. The special session is being presented by Forecast5 Analytics and they will be unveiling and demonstrating “5Sight,” a transformational data analytics platform that will allow educational leaders to have relevant data at their fingertips.

The one-hour special bonus session will begin at 3:15 p.m. on Wednesday, October 17 in the Plaza D meeting room at the Crowne Plaza in Springfield. The first general session of the conference is scheduled to begin at 4:30 p.m. that day. You must be registered for the conference to attend the special bonus session, and those wishing to attend the special session should RSVP to IASA Office Manager Cherry Middleton at cmiddleton@iasaedu.org. There still is time to register for the conference. For more information or to register, simply go to the IASA website at www.iasaedu.org.

IASA Executive Director Dr. Brent Clark saw the Forecast5 Analytics demonstration recently and quickly booked the special bonus session.

“I came away very impressed,” Clark said. “It looks like a tool that could really help school districts as they try to become even more efficient in these difficult budget times. This tool can provide some great peer analysis opportunities.”

Mike English, President/CEO, and Scott Smith, National Sales Director for the Naperville-based company, will be making the presentation on the “5Sight” program developed by their company.

“Whether school leaders want to compare their data to their peers’ data, analyze a trend or identify Key Performance Indicators specific to their district, this program can provide the information that can be turned into action,” Smith said. “It will provide immediate feedback on fundamental financial performance questions with a focus toward decisions that align financial and strategic plans.”

The key discussion points include finding efficiency and opportunity, optimizing resources, learning how to fund new programs and using data collected and organized from a variety of sources to drive decisions.

Key benefits include:

• Enhancing budgeting and forecasting processes
• Supporting critical financial decisions
• Providing interactive visuals, graphs and dashboards
• Pre-built data sets that are optimized for quick analysis 

Clark, a former superintendent for many years in Thompsonville, Benton and Belleville before becoming executive director of IASA, said he saw many practical uses for the “5Sight” program.

“Say you have a program that takes 10 people to run and you see where a similar-sized district is running the same program with five people. This program will identify that data and give you enough information to study the issue,” Clark said.

From the learning center

Rural Oregon District Analyzes Historical Data to Present Findings to the Board in a More Meaningful Way

Rural Oregon District Analyzes Historical Data to Present Findings to the Board in a More Meaningful Way

Oregon district uses data to address declining enrollment, enhance financial analyses, and improve stakeholder understanding.

Read Now
Beaverton School District Drills into Peer Comparison Data to Guide Decisions & Communicate Their Story

Beaverton School District Drills into Peer Comparison Data to Guide Decisions & Communicate Their Story

Oregon district conducts peer comparison analyses, builds monthly and annual budgets, forecasts financial positions, and enhances transparency initiatives.

Read Now
Producing Monthly Financial Reports in Minutes Helps North Mason School District Identify $800,000 in Savings

Producing Monthly Financial Reports in Minutes Helps North Mason School District Identify $800,000 in Savings

Washington district creates monthly board report to project savings, enhance transparency and allow funds to be allocated elsewhere.

Read Now
Clarkston School District Accesses Entire Forecast5 Product Suite for Enhanced Decision Making

Clarkston School District Accesses Entire Forecast5 Product Suite for Enhanced Decision Making

Washington district gains a historical perspective on key areas and leverages budgeting & forecasting tools to meet WA reporting mandates.

Read Now