University Data Commons: Collaborating for Data-Informed Budgeting at Virginia Tech

In response to the changing funding environment for public higher education, Virginia Tech has adopted a data-informed approach to academic budgeting that is supported by a shared data commons built using a data lake approach to data warehousing. This presentation will discuss why we chose a performance budget and data lake approach to support better decision-making and how we implemented it. Representatives from the IT, IR, and finance organizations will discuss lessons learned as well as transformations in decision-making and expectations for advanced analytics that have resulted from the transparent connection of financial incentives and data.

Outcomes: Learn about performance budgeting and associated analytics adopted within a research university * Learn about the role of analytics to address daily and strategic decision-support needs * Hear how campus-wide collaboration made this possible