Management

Understanding and Managing the Risks of Analytics in Higher Education: A Guide

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In Why Does College Cost So Much? and The Innovative University: Changing the DNA of Higher Education from the Inside Out, the authors describe some key factors affecting decision making in higher education today.1 Due to increases in the value of higher education to economic competitiveness and upward mobility, sustained increases in the cost of higher education, growing scrutiny and demands for accountability (by accrediting agencies and the government), and the transformative “disruptive innovation” forces of online learning and outcomes-based assessment, higher education decision makers are exploring the relatively new waters of analytics. Within EDUCAUSE, the working definition of this term is “the use of data, statistical analysis, and explanatory and predictive models to gain insights and act on complex issues.” Making better, data-informed decisions, improving performance, and becoming less reliant on “gut instinct” regarding critical issues facing the institution or the quality of instruction are all worthy pursuits. However, a decision to invest institutional resources in analytics is not without risk, so a fair-minded analytical thinker should consider the risks and how to manage them. Because of the close connections between the practice of risk management and matters of governance and compliance, it is increasingly common to do this work within a governance, risk management, and compliance (GRC) framework.

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Understanding and Managing the Risks of Analytics in Higher Education: A Guide

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: ., 2012

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English

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NONE

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Management

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