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SPSS Predictive Analytics Brings Nevada Community College 2008 Technology ROI Award for Revenue Gains
Business Wire, June 24, 2008
Nucleus Research Recognizes a Customer of SPSS Predictive Analytics for Second Consecutive Year
CHICAGO -- 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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