Brad Pitt-starrer Hollywood Movie Moneyball emphasized Analytics’ pre-eminent position in bigmoney sports. It is an account of the 2002 Season of the Oakland Athletics Baseball Team and the effective attempt by General Manager Billy Beane to assemble a competitive team using the analytical abilities of a young MITian, with a small sum of money at his disposal.
Analytics is the science of predicting the behavior of an individual by using a large, related database. At the fundamental level, statistics are used, using Artificial Intelligence and Machine Learning (AIML) to obtain even more data at greater concentrations. For, Analytics leads to knowledge’ Actionable,’ frequently recognized as’ Intervention Plans’ and not just’ Post Mortems.’
Just as today’s Four Base permutations and combinations (AGCT) consisting of DNA are acknowledged as the key to personalized healthcare, educators are on the lookout for the’Learning Code’ and analytics is the key to personalizing education. Analytics helps to hone the learning difficulties of a student. Subsequently, individualized education plans can be intended to tackle these learning blocks. Analytics can predict the performance of a student going forward as a quick blood test predicts the onset of diabetes.
Larger organisations such as IBM and Microsoft, as well as niche players, offer Education Analytics. Report Cards do not present the performance of the entire Class over a period of time and how a particular student has fared in comparison, which Cohort Analysis and Performance Swing Analysis has produced. Analytics has such responses and guarantees that both student performance and school reputations enhance with Individualized Education Plans.
An excellent instance of Education Analytics is the CAT4 Examination Report from GL Assessment, which could show each student’s significant learning biases. CAT4 tests the capacity of students to connect the curriculum of school with what they experience in nature. The Knowledge and Human Development Authority (KHDA), Dubai, recommends CAT4, a common preparatory for the International Benchmark Test (IBT) for students worldwide. Any School proposition to raise fees, add more degrees or add more students is evaluated against their students ‘ performance in these IBTs.
A research has pegged the worldwide Education Analytics Market to more than USD 7.0 trillion by 2023, increasing at CAGR 20 per cent in 2018-2023. Clearly, School Analytics Services offers a bright businessopportunity.