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Positive transformation in an evolving landscape
With huge budgets to manage, a diverse range of resources and a massive number of variables, it’s easy to see why
decision-making in a major university has been likened
to running a small town.
There is a growing recognition that now is a pivotal time to re-focus strategies and move forward. Positive transformation is being enabled by breaking down existing forecasting and planning silos and running them on a single platform where accurate, real-time data analysis is possible.
“Data’s really at the centre of all Universities. The ability to process it, analyse it, and then understand the context and most importantly make decisions at the end is the golden thing we’re all looking for.”
Universities have faced increasing operational costs and changes in funding streams.
There have been inflationary pressures on wages and the annual tuition fee cap has been frozen piling further pressures on higher education finance teams and shrinking already tight margins.
At the same time, student expectations have shifted in terms of the quality of teaching and the facilities on offer. Not only do students demand a higher standard of education but the growth of international student market means universities are now having to compete with institutions from across the globe.
“We’re able to mitigate risk by being able to predict the future.”
A single, better version of the truth
A good data strategy will reflect the strategic aspirations of the HE institution and will therefore vary by university, however, there is a golden opportunity to adopt a refreshed data architecture and implement a centralised data catalogue that will help deliver a searchable base to provide the business and technical teams visibility of the data and supporting assets available in the organisation.
The ambition is a seamless data flow that enables democratised and globalised analytics to support planning, deliver financial resilience, and operational efficiency, and the data to support ESG goals and maintain reporting standards for safeguarding.
A data strategy review will reveal the roadmap to effective Data Management for your institution.
Find out more