Forecast5 and TASBO Bring Data Analytics Tool to Texas SchoolsMarch 20, 2015
FOR IMMEDIATE RELEASEContact: Eric Smith
Forecast5 and the Texas Association of School Business Officials (TASBO) recently announced a partnership agreement to extend the use of data analytics in Texas public education.
Forecast5 and TASBO Bring Data Analytics Tool to Texas Schools
NAPERVILLE, Ill. (March 30, 2015) — Forecast5 Analytics, Inc. (Forecast5) and the Texas Association of School Business Officials (TASBO) recently announced a partnership agreement to extend the use of data analytics in Texas public education. With the partnership, Texas will become the 10th state to adopt the Forecast5 business intelligence platform, 5Sight.
Through a collaborative effort between TASBO and Forecast5, school districts in Texas will have an opportunity to access Forecast5’s suite of analytic applications that assist school administrators with strategic operational and budgetary decisions. TASBO and Forecast5 have built a statewide database which allows users to quickly and easily generate insights based on relevant benchmarks and peer groupings. Texas schools using 5Sight will be able to review historical trend data and compare performance metrics across several areas of school operations including finance, human resources, and academic achievement.
Tracy Ginsburg, Executive Director of TASBO commented, “TASBO prides itself on being the trusted resource for school finance and operations within the state and has historically given members a rich set of financial data in the eFACTS+ platform. We are excited about the transition of this platform to Forecast5. The 5Sight product takes the data previously available through eFACTS+ to a higher level by adding new features, additional metrics and rich visualizations.”
Mike English, CEO and President of Forecast5 added, “We are honored to have this opportunity to partner with TASBO to facilitate the growth and development of new data analytics for Texas schools. A decade ago, TASBO demonstrated their leadership and vision as being one of the first states to develop a comparative analytics platform for their members. Forecast5 now has a tremendous opportunity to build on those successes and enhance the platform with new technology to benefit Texas schools.”
Forecast5 will deliver an initial catalog of data analytics and then work with TASBO and its membership to develop additional tools and analyses. Scott Smith, SVP of Sales and Engagement of Forecast5 commented, “We will be working closely with TASBO and their members in a co-development effort to identify new data sets and new analytics that can be built. We are excited to tap into the knowledge and creativity of the thought-leaders within the state.”
Ginsburg added, “5Sight will allow Superintendents and CFOs to present their districts’ financial and performance data to campus leaders, boards and community members in an understandable, transparent manner. The product will allow districts to make budgetary decisions based upon historical performance data and further ensure that the adopted budget is not only efficient but best meets the needs of students. We are looking forward to getting started.”
Forecast5 and TASBO anticipate the launch of 5Sight for Texas schools at the start of May 2015.
Forecast5 Analytics provides powerful analytic tools to help local government leaders drive financial and strategic decisions. The Forecast5 platform includes cloud-based business intelligence software, interactive visuals, map-based software, and a collaborative analytics engine. For more information, visit http://www.forecast5analytics.com.
About the Texas Association of School Business Officials
An independent, not-for-profit professional association, the Texas Association of School Business Officials (TASBO) is dedicated to being the trusted resource for school finance and operations in Texas. Currently, TASBO has over 6,000 members and 29 regional affiliates, representing more than 900 public school districts and charter schools in Texas. For more information, visit www.tasbo.org.