Kronos Analytics in Higher Education: Interpreting the Data

Sep 23, 2016 9:30:00 AM

 

Kronos Analytics is proving to be a game changer in multiple different industries.The Kronos Reporting and Analytics functions of version 8 are more visually compelling and full of actionable insight. The new layout implements improved navigation to allow for easy accessibility of data. There are integrated features from MicroStrategy’s 9.4.1 platform, along with geospatial visualization. It is no longer enough to simply see a dashboard with predictive analytics; the new analytics feature is prescriptive, responding to violations and situations by sending alerts and changing schedules accordingly, without any input of a manager. Time and cost effective, prescriptive analytics allow managers to focus on tasks beyond labor analytics. All these features and more are revolutionizing the way Higher Education collects and interprets big data.

There are three main types of data collected in the field of Higher Ed. 

1. Financial: Data on how and where financial resources are being used. 

2. Student: Data revealing the success rate of students within a university. 

3. Workforce: Data revealing trends within the university's workforce. 

Universities and colleges need to ensure that each individual type of data does not exist in a silo. It is crucial that all three types of information be brought together to create a bigger picture. Starting on a high level with the big picture and then drilling into the details to find the cause is the best method for identifying trends and solutions within the data. The analytics dashboards allow users to identify resource allocation problems. The shareable infographic below depicts how Kronos Analytics in Higher Education can help universities and colleges use big data to make successful workforce decisions. 

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Falling in Love with Kronos Analytics: How to get ROI from Analytics

Feb 12, 2016 11:00:00 AM

 Falling_in_love_with_Analytics.jpg

Love is in the air. Valentines Day is just around the corner, promising a day full of sentiments, chocolate, and probably some broken hearts. Falling in love is one of the most unique and fascinating feelings in the world. In fact, falling in love is known to pact the same neurological effects as cocaine.  Both falling in love and taking a dose of cocaine will give your brain similar feelings and a sensation of euphoria.  Falling in love produces several euphoria-inducing chemicals in your body that will stimulate about 12 areas of an individual’s brain.

So while you are considering love this Valentines Day, consider falling in love with Kronos Version 8.0 and Kronos Analytics! The release of version 8.0 brought with it many new features; each designed to help organizations better handle the increasing demands of Workforce Management. One of the highlights of the new software suite is the analytics package. Kronos has taken great strides to provide a better analytics platform. Analytics is the number one reason that organizations adopt HCM technology, yet 69% of organizations have no embedded analytics tools. For the 31% who do use analytics, the number one concern is accessibility to necessary data and analytics and how to best use that data.

The Kronos Reporting and Analytics functions of version 8 are more visually compelling and full of actionable insight. The new layout implements improved navigation to allow for easy accessibility of data. There are integrated features from MicroStrategy’s 9.4.1 platform, along with geospatial visualization. It is no longer enough to simply see a dashboard with predictive analytics; the new analytics feature is prescriptive, responding to violations and situations by sending alerts and changing schedules accordingly, without any input of a manager. Time and cost effective, prescriptive analytics allow managers to focus on tasks beyond labor analytics. So how do your ensure that you get the most from your Analytics package?

 There are three main participants who can help you get the most from your Analytics package:

Vendors (such as Kronos)

Vendors are responsible for assisting the client during the sales, discovery, requirements analysis and implementation processes. There are a couple key factors that a vendor should bring to the client’s attention before they decide to invest in analytics software:

Budget: How much will it cost to purchase and implement an effective analytics package?

Change Management: Does the client have a strategy in place for Change Management? Will they communicate the purpose of the software and train the talent effectively?

If these factors not carefully considered, organization’s can fail to see the ROI that should come with investing in a comprehensive analytics program.

Consulting Firms

When a consulting firm works with an organization, their goal should be to make sure the client gets everything they can out of the software they are purchasing. While consultants are often responsible for the same processes as the vendor, consulting firms also have the responsibility of being the voice of reason. If an organization has neither the talent nor the budget to successfully implement analytics, a consultant will not encourage you to purchase the software. A Vendor’s job is to sell licenses. Your consulting firm’s job is to make sure you are getting the absolute best results with your software.

Kronos Consulting firm, like Improvizations, will have the difficult conversations with not only the purchasing department but IT, HR, Payroll, Benefits, Finance, Operations and more to build confidence and understanding of how important analytics data is and how to get the proper information out of the system. Change management takes time. It should be a slow consistent change because it can affect man across the organization, not just the owner of the new software. Consulting Firms can help to successfully merge your organization’s WFM history with its future. In order to successfully use an analytics package, the previous collected data needs to be considered.Choosing a consultant should not be like a box of chocolates... You should always KNOW what you are going to get. 

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Most companies use less than 50% of Kronos workforce management software functionality. How much utilization do you have?

Would you benefit from a process that helps your organization verify your Kronos configuration and associated processes to ensure you are making the most of your Kronos application?

Learn more or download The Case for Gap Analysis.

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Companies invest substantial labor and financial resources to deploy workforce management software Why do so many projects fail?

Do you know the best practices - and the pitfalls to watch for - to deliver a successful project?

Our white paper, Successful WFM Strategies, explores effective steps you can take to deliver a successful project.

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