Product Overview: Jenzabar Analytics
Jenzabar Analytics is a comprehensive suite of analytics tools designed to empower higher education institutions to make data-driven decisions, enhance institutional and student outcomes, and drive sustainability. This solution is part of Jenzabar’s cloud-ready suite of higher education technology products and services, known as Jenzabar One.
Key Purpose
Jenzabar Analytics is intended to help institutions gather, organize, access, and transform data into actionable insights. It leverages descriptive, diagnostic, and predictive analytics to inform decision-making across various aspects of campus operations.
Key Features and Functionality
Data Cloud
The Data Cloud module integrates data from core Jenzabar systems as well as third-party data sources. It stores this data in a secure, centralized data warehouse and data lake unique to each institution. This module utilizes the scalability and compute power of Microsoft Azure, allowing for efficient data processing, cleaning, and storage. The Data Cloud enables institutions to collect and transform data from multiple sources, providing a unified view of their data.
Financial Analytics Model
The Financial Analytics Model offers detailed insights into an institution’s fiscal health by analyzing key performance indicators (KPIs) such as operating results, resource sufficiency and flexibility, asset performance and management, and liquidity and debt management. This model is based on industry standards (NACUBO/KPMG Financial Health indicators) and provides a Composite Financial Index (CFI) score, along with projections and “what if” scenario analysis to help institutions assess and manage their financial health.
Program Insights Model
In addition to the Financial Analytics Model, Jenzabar Analytics includes the Program Insights Model. This module allows institutions to delve into the holistic health of programs and courses, analyzing both financial health and student performance. This helps in identifying trends, causes, and opportunities for improvement in academic programs.
Customizable Dashboards and Visualization Tools
Jenzabar Analytics provides customizable, industry best-practice dashboards that give flexibility to track specific data points critical to an institution. The platform is visualization tool-agnostic, allowing institutions to use tools like IBM Cognos, Tableau, and Microsoft Power BI. These dashboards and visualization tools enable decision-makers to uncover trends, causes, and opportunities, and to make informed decisions.
Strategic Workshops and Analytics Services
Each analytics module is supported by a Strategic Workshop, which provides training, tools, and assistance to help institutions make the best use of the analytics modules. These workshops ensure that institutions can leverage industry best-practice KPIs for immediate success and continue to make data-driven decisions.
Benefits
- Data-Driven Decision Making: Jenzabar Analytics empowers institutions to turn their data into actionable insights, driving informed and strategic actions.
- Improved Reporting: The solution standardizes data to enable high-quality, consistent, and reliable reporting across the institution.
- Benchmarking: Institutions can benchmark their performance against industry norms or specific market segments.
- Enhanced Efficiency: It frees up institutional research and IT staff by automating data collection, processing, and analysis.
- Student Success: By analyzing student performance and program health, institutions can develop strategies to enhance student outcomes and retention rates.
In summary, Jenzabar Analytics is a powerful tool for higher education institutions, offering a robust suite of analytics capabilities that enhance decision-making, financial health, program effectiveness, and overall institutional sustainability.