24.06.2008 15:30:00
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SPSS Predictive Analytics Brings Nevada Community College 2008 Technology ROI Award for Revenue Gains
SPSS Inc. (Nasdaq:SPSS), a leading worldwide provider of Predictive
Analytics software and solutions, was recognized today by industry
analyst firm Nucleus Research for providing the technological
advancements that led to Truckee Meadows Community College (TMCC)
winning a 2008 Nucleus Research Technology ROI Award. It’s
the second consecutive year SPSS has shared this honor with one of its
customers.
Truckee Meadows, one of the nation’s 50
fastest-growing community colleges serving 10,000 or more students and
based in Reno, Nevada, recorded an astounding 691 percent return on its
investment according to the Nucleus Research ROI assessment. TMCC relies
on SPSS Predictive Analytics software to reliably predict student
enrollment, analyze and project future class demand, ensure facilities
are properly utilized and help students achieve their academic goals.
That data forms the basis for reports that allow TMCC to compete with
other agencies and institutions for limited federal and state funding
and aid.
Elena Bubnova, director of institutional research at Truckee Meadows
Community College, said, "In one year alone,
we were able to identify more than $1 million in actual and potential
benefits that resulted in positive outcomes by using SPSS Predictive
Analytics technology. From predicting a budget shortfall, to identifying
potential revenue, to improving the chances of student success, TMCC has
realized tremendous ROI with SPSS Predictive Analytics.”
TMCC is one of 10 Technology ROI Award winners chosen from a field of
more than 200 applications. Nucleus Research analysts evaluated each
candidate’s technological response to a
business requirement. Nucleus Research then implemented its proven
methodology for measuring return on investment for IT deployments.
TMCC’s award-winning implementation is another
example of how SPSS Predictive Analytics technology produces significant
ROI from technology investments for customers and integrates within the
organizations’ IT systems to drive process
improvement. In 2007, SPSS Predictive Analytics was recognized by
Nucleus Research as the key technology American Airlines relies on to
generate customer information its executives use to make key business
decisions.
Rebecca Wettemann, vice president of research at Nucleus Research, said, "With
an ROI of 691 percent, Truckee Meadows Community College is an excellent
example of how an organization can use SPSS Predictive Analytics
software to deliver impressive ROI and realize key benefits, such as
improved class demand prediction and enrollment prediction accuracy.”
Jack Noonan, SPSS chairman, CEO and president, said, "Organizations
that incorporate SPSS Predictive Analytics into their daily processes
are making an investment in their business, not adding an IT expense.
With our market-leading data mining, text mining, market research and
statistical software, organizations such as Truckee Meadows Community
College can uncover the hidden value in their data to direct and
automate decisions in order to meet goals and achieve results in ways
that others can’t.” About SPSS Inc.
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.
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