Here's a great article, from NPR, entitled Higher Ed's Moneyball, about Higher Ed's attempts to use data to provide their instructors with real-time data they can use to support their students.
The examples cited seem to mostly target usage data, not more rigorous learning data, but I can't be sure. Certainly, over time, someone will figure out how to capture data that is more meaningful.
Still, even the usage data seems helpful. For example, students who are inactive for a while can get extra attention, etc.
Something to keep an eye on for the future...