SPSS was recognized 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.
Truckee Meadows, one of the nation's 50 fastest-growing community colleges serving 10,000 or more students and based in Reno, Nev. , 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."