Earlier this year, Capture Higher Ed released higher education’s first ensemble predictive model — Envision. Unique to the enrollment management industry, the predictive engine combines machine-learning algorithms to build ensemble predictive models for application, enrollment and financial aid.
Unlike other predictive models used for enrollment management — those built on historical data and not easily iterated upon — Envision can continuously look for patterns and make more accurate predictions every time new data is available. In even its earliest tests, when using three years of historical data, Envision was able to predict enrollment with higher than 90 percent accuracy.
More accurate predictions lead to smarter decisions. Smarter decisions directly affect a college’s bottom line.
Now that we’ve built this cool thing, we’re pretty keen to show it off. That’s why we created the Envision Challenge, an opportunity for you to see how Capture uses machine-learning algorithms, multiple types of data, automatic feature selections, dynamic scoring as well as how we can retrain your prediction model within the enrollment cycle.
With no risk or obligation, a free Envision Challenge takes only 3-5 weeks and involves these four easy steps.
#1 Exchange Data
In the first step, we will need three to five years of your enrollment pipeline data. To ensure the security and privacy of your data, we will sign a data security agreement. All data is exchanged via a secure sFTP site. The dataset should be identical to the one provided to your current model vendor.
#2 TrafficLight Report
In this step, we will use TrafficLight to do an in-depth analysis on the six dimensions of data quality and actionable steps to enhance model performance. If TrafficLight identifies data issues, we will work with you to resolve them prior to using Envision. In cases where the data quality is insufficient we will not continue with the Challenge.
#3 Model Presentation
In this step, we will provide a summary of the model-run accuracy statistics, an analysis of how they compare vs. your existing vendor and a sample of student level results.
#4 Proposal Development
Envision is the ideal companion to a range of cutting-edge enrollment solutions that Capture offers. In this step, we’ll tailor these solutions to fit your needs.
Take the Envision Challenge. The process is simple, and you will learn a lot.
Also, when you:
- Take the Envision Challenge vs. your current model provider
- Share your provider’s comparable results
- And sign up for any Envision subscription within the following 60 days
Capture will give you a 25 percent discount on the first-year subscription cost.