by: Austin Wentzlaff
Big Data/Analytics has been buzzing around different industries for some time now. A prime example is how Amazon used Big Data/Analytics to dominate the retail industry. For the Credit Union Industry, 2014 was the year for Big Data/Analytics. Credit unions are beginning to realize the value of data-driven decision-making and starting to turn the buzz of Big Data/Analytics into reality. As 2014 comes to an end, I have taken the liberty of compiling some of the industry’s favorite Big Data/Analytics related articles from OnApproach’s blog, The Decision Marker. Here is part two of two. Enjoy!
In recent years we’ve experienced a phenomena in business – the transformation from physical, brick-and-mortar retailers to online/mobile retailers. This transformation has shaken up the way people interact with businesses and consequently how business operations have changed to accommodate. Online/mobile has created a whole new definition of the word convenient by making payments more simplistic and by giving users unique experiences by recommending products and services they unknowingly love. Find out how well-known retailers relate to credit unions here…
The goal of every Big Data/Analytics solution is to improve the business. Credit unions need to first focus on business processes before implementing big data & analytics solutions. This article lays out 4 business process at credit unions that are being revolutionized by Big Data/Analytics. See the full list here…continue reading »