PITTSBURGH, Sept. 23, 2015 /PRNewswire/ -- OnlyBoth today launched its collegiate financial benchmarking engine, which enables unbiased comparisons among 1,899 private, post-secondary educational institutions across the United States. Using federal data on colleges that follow the Financial Accounting Standards Board (FASB) accounting standards, the new website highlights the power of benchmarking engines and the applications of automated writing. The engine delivers novel insights into how colleges perform across over a hundred financial attributes, such as income, spending, assets, salaries, gifts, grants, ratios, and endowments. Access the OnlyBoth collegiate financial benchmarking engine at http://financials.onlyboth.com.
The benchmarking engine software massively searches for large, noteworthy peer groups in which a college is near the top or bottom along an interesting dimension. The engine then reports its insights in perfect, ready-to-publish English. The software also calculates each college's 20 most-similar peers and displays visual summaries of where each college surpasses or trails the average similar peer. All insights are factual, based on the data, without subjective opinions or bias.
"The collegiate financial engine showcases the power of benchmarking, based on artificial intelligence, to automatically identify areas of excellence and opportunities for improvement based on peer data," said Raul Valdes-Perez, co-founder and CEO of OnlyBoth Inc. "Just like search engines transformed and vastly upgraded manual library searching, benchmarking engines will transform the world of business benchmarking, of comparing oneself to others to enable both continuous improvement and dissemination of good practices."
The OnlyBoth collegiate financial engine makes use of publicly available data from U.S. News and World Report, the federal government's IPEDS, and college rankings from the open web. Its user-friendly interface mimics the typical search-engine experience.
OnlyBoth also recently launched a hospital benchmarking engine that provides unbiased comparisons among all 4,813 hospitals across the United States. The engine delivers insights into how a healthcare institution compares to all other hospitals across nearly a hundred attributes, such as treatment outcomes, patient satisfaction, and emergency-room wait times. Access the OnlyBoth hospital engine at http://hospitals.onlyboth.com.
To learn more about OnlyBoth's collegiate financial showcase, as well as the hospital benchmarking engine, visit http://onlyboth.com.
OnlyBoth Inc. provides the industry's first commercial benchmarking engine, helping businesses offer comprehensive, automated benchmarking services to their end customers, based on their own solutions data. Founded in March 2014 by veteran entrepreneurs Raul Valdes-Perez and Andre Lessa, OnlyBoth combines machine discovery – algorithms that discover humanly-digestible knowledge – with natural language generation, making insights easy to read and share in perfect English. Business-services providers rely on OnlyBoth's breakthrough artificial intelligence to solve the usual flaws of benchmarking, such as narrow scope, bias, complexity, and scale, and uncover operational insights and areas for improvement. Learn more about OnlyBoth at http://onlyboth.com.