Data Management Framework – 7 essential components
Managing your data takes work. Just because you have data does not mean it is the correct data. You must make sure that you have useful data to inform the rest of your operations. People [...]
Posts Tagged ‘The Decision Maker’
Data Insights – Building a foundation
Data insights start, naturally, with data. Get the data wrong, and your insights will be wrong. Who wants to take business actions on insights based on bad data? The real problem is when you’re [...]
Three factors for success with credit union data analytics
The credit union industry looks very different now than it did twenty years ago. Just think about what credit unions will look like twenty years from now. Where does the journey for the next twenty [...]
The failure of Nokia: A lesson about credit union data
Credit unions have a great deal of data on their members - how much they earn, where they spend their money, how much their house is worth. Credit unions now have access to more data [...]
Why loan analytics are key to your credit union’s profitability
One of the most common questions I hear thrown around is, “what is the purpose of analytics?” It’s a great question, but that’s because the answer isn’t as straightforward as it might [...]
The credit union data analytics journey: 4 steps to success
Data analytics is no longer available only to massive technology corporations and big banks. In fact, with access to enough data, even smaller credit unions can join the fun. With several data analytics platforms that [...]
Do you know where your report data is? Security for your PCI reports
A typical credit union downloads its report bundles, daily from its processors. Usually the only option is to store those highly sensitive PCI report bundles on a network drive, with some level of appropriate user [...]
Why using data to understand membership trends is important
Many credit unions are struggling to retain members and capture the wave of increased credit union membership the industry is experiencing despite paying out a record level of membership dividends, helping members affected by the [...]
Data use cases for credit unions: chapter 2
Chapter 1 of this series considered the importance in establishing a specific goal to solve using data analytics and proving the ROI in order to justify automation and decisioning using business intelligence in a credit [...]
Using data to create a unique member experience
Enhancing member experience has been the subject of many blogs and white papers, and there is a reason why this topic is so popular. In fact, there are three good reasons why this topic is [...]
Data use cases for credit unions: Chapter 1
Data Use Cases is an ongoing series showcasing real use cases of success that credit unions have had using data analytics to solve real world problems. Data analytics was once the sole domain of giant [...]
The cost of building a data warehouse for an analytics platform
Credit unions can benefit greatly from collecting and storing information to leverage Big Data. The cost of building a data warehouse can be steep, though. If you’re considering building a data warehouse for your [...]
How is digital growth and transformation vital to my credit union?
The traditional brick and mortar model has worked well for credit unions over the years. So long as they continue to deliver superior member experiences, that won’t change anytime soon. However, as more financial [...]