News

Updates from the world of data analytics.

Forecast5 Announces Launch of New Student Achievement and Performance Tool

January 16, 2018

FOR IMMEDIATE RELEASE

Contact: Jennifer Haney-Crowe, VP of Marketing
630.955.7662
jhcrowe@forecast5analytics.com

 

Forecast5 announced the release of its new student achievement and performance software – 5Lab™.  This tool will allow school administrators to combine disparate data sets into interactive dashboards to develop action plans for improving student achievement outcomes and accelerating college and career readiness.

NAPERVILLE, IL (January 16, 2018):  Forecast5 announced the release of its new student achievement and performance software – 5Lab™.  This tool will allow school administrators to combine disparate data sets into interactive dashboards to develop action plans for improving student achievement outcomes and accelerating college and career readiness.

For schools to be ESSA (Every Student Succeeds Act) compliant, they must realign their reporting systems to meet new accountability mandates. Administrators are challenged to gather the required data, analyze it accordingly, and meet pressing deadlines. 5Lab addresses these tasks by allowing administrators the ability to track and compare critical data points across a variety of sources to make connections and answer the questions being asked. The capability to quickly build and customize visual presentations for all levels of administration and leadership is enhancing transparency and understanding among stakeholders.

The 5Lab application includes easy-to-use dashboard authoring tools that administrators can use to quickly create and disseminate information to key stakeholders.  The application also includes a Guided Analysis feature which allows a user to define a pathway through a series of dashboard views.  This feature promotes a consistent and logical drill-down path for consumers of the information. 

Forecast5 CEO, Mike English says, “Forecast5 continues to support the efforts of school administrators around the country by developing state-of-the-art analytic applications.  5Lab has the potential to change the way administrative teams identify student needs and allocate critical resources to classrooms.  5Lab is significantly reducing manual processing of data and accelerating time-to-insight for the benefit of students.”

Dr. Adam Cibulka, Director of Curriculum, Instruction and Assessment at DuPage High School District 88 shares, "5Lab has allowed our team to get real-time, accurate updates on key student indicators.  Before 5Lab, we spent 90 percent of our time configuring our school improvement data and 10 percent of our time analyzing it.  Now, we only need 10 percent of our time to configure the data and can take 90 percent of our time analyzing the results and developing critical interventions to support student success."

About Forecast5 Analytics

Forecast5 was founded in 2012 with the vision of becoming the national market leader in analytic technology for the public sector.  The company has made great strides in a short period of time towards this ambitious goal.  The company has successfully developed and launched five separate applications and has seen over a thousand local governments use its software to gain insights and drive decisions.  For more information, visit www.forecast5analytics.com.

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