The new mindset on Institutional Research Intelligence (IRI-Analytics) was developed in 2010, and it was first introduced to the public a little over 5 years ago on October 7, 2012 by the Association. The new paradigm or concept of managing higher ed did not come out-of nowhere. Rather, it was developed based both qualitative and quantitative analyses applying real world and publicly available data & observations, test hypotheses and statistical analyses. We are glad that we can:
- See what is coming.
- Develop and share what we know with the American public.
- Make US Colleges and Universities aware of what are coming their ways.
- Have created a new and applicable mindset and, as a result a new industry/profession.
- Have introduced this concept such that many higher ed institutions start setting up their store and offer this program years later.
- Have helped private industry to mine the new business.
Needless to say that since it was first introduced, the world of institutional research has moved to the next level, and younger and new breed of professionals have moved forward and left behind the old way of doing business i.e., from reporting to analyses. However, some old school boys are still working BAU, and it may take awhile until demand for IRI-Analytics are saturated. While many institutions are scrambling to fill the gap, and try to take advantage of the opportunity, the new IRI paradigm has moved to the next level.
Given the increasing uncertainty in higher ed, due to ever changing public policies in higher ed, the first generation of IRI will no longer produce/generate the optimal results. Therefore, a little over one week ago, the Association have introduced the second generation of IRI-Analytics where stochastic simulation will be the backbone of it.