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Importance of Data Analytics in ERP Systems

Data Analytics has revolutionised various industries, and the education sector is no exception. Today’s Generation is experiencing a rise in the adoption of ERP Systems, which provide educational institutions with a huge number of advantages. The management of student admissions, attendance, fees, and academic records are only a few of the many duties that the ERP systems simplify. Institutions must engage in the analysis of data to gain insight into the data generated by these advances in technology. 

What is an ERP System?

An integrated software called an ERP System can manage all administrative, academic, and financial tasks of an institution. It is a centralised system that simplifies every step of the process, from admission applications to tests and helps in better decision-making. Institutions can generate real-time reports on certain elements like attendance, fees, exams, etc.

What is Data Analytics?

The analysis of large data sets to discover patterns, trends, and insights is known as Data Analytics. Statistical and computational techniques are applied to the data in order to extract relevant data. It can assist institutions leverage ERP systems to better understand the operations, and make data-driven decisions. 

How does Data Analytics help in ERP Systems?

  • Improved Student Performance

When it comes to Grades, Attendance, and other aspects of student performance, it can offer insights that can be used to design strategies for improvement. Overall, it can identify the student’s area of strength and need.

  • Optimum Use of Resources

By identifying the usage of the resources, it assists institutions in making and taking better decisions on what resources to use. This helps in determining if they should be cutting costs or if they need to be investing in resources.

  • Better Decision Making

Useful insights on the Institution’s finances, admissions, academics, etc are provided. This assists institutions in identifying trends and patterns that can help in better decision-making. 

  • Streamlined Administrative Tasks

Institutions can automate tasks and streamline processes with the help of Data Analytics. It can automate day-to-day tasks like attendance tracking, fee collection, etc. 

  • Improved Parental Involvement

With real-time updates on their child’s performance, attendance, etc., data analytics can assist institutions in increasing parental involvement. Read more about the Message Centre Module here.

  • Personalised Learning

Data Analytics can personalize students’ learning experiences. Institutions can access the student data to identify their strengths and weaknesses. This can help institutions in modifying their curricula and teaching methods to improve the performance of the student.  

Data Analytics is an essential tool for an Institution’s ERP System that can assist revolutionise the education system. Institutions can learn more about the student’s performance, teachers’ efficiency, parental involvement, resource optimisation, etc. Data Analytics can personalize learning plans for students, evaluate teachers’ performance, and enhance parent involvement in their child’s academics, among other applications. To improve the quality of education, institutions must simplify administrative tasks and invest in an ERP System. 

At eGenius, we have helped over 300+ institutions simplify their administrative tasks and improve the quality of education with our ERP System. Our system offers robust data analytics capabilities, enabling institutions to gain insights into student performance and make informed decisions to enhance educational outcomes.
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