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4 things to consider when balancing academic, financial needs

Data-driven collaboration across the institution can drive constructive and actionable outcomes. The top priority should be a partnership between key stakeholders across campus with the goal of transparency.

Now more than ever, today’s college and university Presidents, CFOs, Provosts and other institutional leaders are tasked with not only finding balance between meeting the academic needs of faculty and students but also managing the financial constraints of administration. One key to successfully navigating these challenges is using the vast array of available data on campus to inform decisions and strategy, but just as important is the involvement of academic departments and functional operational areas in the review and application of that data.

Institutions should explore four key considerations when looking to foster cross-campus discussions on resource allocation across the institution in order to drive constructive and actionable outcomes: prioritizing which data to share; personalizing engagement; optimally framing data; and creating effective cross-departmental data communication.

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