According to the Times Higher Education Research impact accounts for about 65% of a University’s global ranking methodology (link). Research impact of course is comprised of total research funding, influence on the research community (i.e. publications, citations, discoveries…) and dissemination of scientific findings.
Analytics provides a competitive edge
Today Universities leverage analytics to assess many of factors to and consciously plot a course to affect their standing in the research community and overall global ranking. Consider Funding opportunities as an example. Many Universities connect with their Research Faculty and track strategic metrics. For example, the Head of Research will publish or share funding opportunities with Researchers based on their expertise and interests. Key metrics may include the University’s funding success rate and Research output: publications, citations, discoveries, etc…, but this is only the beginning.
Actionable insight for a data-driven University
With the massive amounts of data collected today Universities can begin to think about the following:
- Rank/Prioritize funding opportunities for Researchers and make recommendations based on success rate, area of expertise and calculate the likelihood of receiving an Award using predictive analytics
- Analyze Sponsor funding trends in relation to the University’s Research resource capacity metrics: Researcher expertise, Researcher effort commitments, utilization of lab space and percentage, etc… to assess starting new programs and overall resource needs.
- Analyze funding opportunities not acted on and assess impact of missed opportunities to increase overall Funding
- Identify opportunities for operational efficiency and truly streamline administrative processes to increase the velocity of the University’s research program
Discussions today continue to focus on digital economy. As Universities continue to connect applications they are beginning their own journey as a digital enterprise and with research as a strategic focus that can positively impact is standing in the global ranking.
To support Universities in this endeavor, SAP today is collaborating with members of its Industry Advisory Council, comprised of top ranked Universities in the world, to develop a Digital Boardroom cockpit to connect data from multiple sources visualize, predict and determine how to influence their research programs and strategic areas of their business. Click here to learn more about SAP’s Digital Boardroom and how to Run Live to transform your University.