Colleges, Universities Nationwide Enrolling in the Power of Predictive Analytics.Market Leader SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance. Helps Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Improve Student Retention CHICAGO -- As hundreds of thousands of college students nationwide hand in their final exams Noun 1. final exam - an examination administered at the end of an academic term final examination, final exam, examination, test - a set of questions or exercises evaluating skill or knowledge; "when the test was stolen the professor had to make a new set of , pack their bags and head off campus over the next several weeks, higher education administrators, busy number crunching Refers to computers running mathematical, scientific or CAD applications, which perform large amounts of calculations. See number cruncher. (application, jargon) number crunching next year's budgets, will be left to ask: how many will return to campus in the fall? At a growing number of universities across the country, administrators and student recruiters are turning to the mathematical science of predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. to better forecast student retention and enrollment. In fact, SPSS, Inc., a leading global provider of predictive analytics software, has seen its number of higher education customers grow by more than 40 percent in the past two years including for this type of institutional research. Educational institutions large and small, from coast to coast, such as University of Nevada, Reno The University of Nevada, Reno (Nevada or UNR) is a university located in Reno, Nevada, USA, and is known for its programs in agricultural research, animal biotechnology, and mining-related engineering and natural sciences. , Colorado State University-Pueblo and University of Northern Iowa The University of Northern Iowa, in Cedar Falls, Iowa, was founded in 1876, as the Iowa State Normal School. It has colleges of Business Administration, Education, Humanities and Fine Arts, Natural Sciences, and Social and Behavioral Sciences, and a graduate school. , are deploying predictive analytics to identify and retain at-risk students The term at-risk students is used to describe students who are "at risk" of failing academically, for one or more of any several reasons. The term can be used to describe a wide variety of students, including,
Thulasi Kumar, director of information management and analysis for the University of Northern Iowa, says his administration relies on the power of predictive analytics to more accurately determine enrollment figures for the coming semester and school year. "By more accurately predicting return enrollment of students, we have better control on budgets and expenses," Kumar said. "Just as important, we use the predictive technology of SPSS to take proactive measures In antiterrorism, measures taken in the preventive stage of antiterrorism designed to harden targets and detect actions before they occur. to ensure the majority of our students return to campus in the fall. That's what's important to the university and at the top of the list for parents and students, as well." Added Bob Valencic, higher education programs manager at SPSS, "In higher education today, student enrollment is pivotal in obtaining financial support from the public sector. In many cases of attrition, the student has either displayed behaviors or revealed attitudes that have preceded the decision to leave. By determining predictive patterns underlying these behaviors and attitudes -- and using analytics -- universities can take immediate action and considerably decrease student attrition." SPSS has been deployed at thousands of colleges and universities for nearly 40 years in a wide variety of disciplines. These solutions also assist faculty and administrators in several key areas, including instructing students in using analytical tools, administrating institutional research, creating scholastic writing and conducting survey and scientific research. About SPSS SPSS Inc. (Nasdaq: SPSS) is a leading global provider of predictive analytics software and solutions. The company's predictive analytics technology improves business processes by giving organizations forward visibility for decisions made every day. By incorporating predictive analytics into their daily operations, organizations become Predictive Enterprises--able to direct and automate decisions to meet business goals and achieve a measurable competitive advantage. More than 250,000 public sector, academic, and commercial customers rely on SPSS technology to help increase revenue, reduce costs, and detect and prevent fraud. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, please visit www.spss.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking information made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward looking statements can be identified by phrases such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "could," "designed," "should be" and other similar expressions which denote expectations of future events rather than statements of fact. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve factors that are subject to risks and uncertainties. These risks and uncertainties, which may not be currently ascertainable and many of which are beyond the Company's control, may cause the Company's actual results, performance or achievements to be materially different than the results, performance or achievements expressed in or implied by the forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available either on the SEC's website at www.sec.gov or from the Company's investor relations Investor relations The process by which the corporation communicates with its investors. department. In light of these risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that any future results, performance or achievements will be attained. These forward-looking statements speak only as of the date on which they are made. The Company assumes no obligation to update the forward-looking statements contained in this press release. |
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