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Continuous progress in data maturity is one of the most important ways credit unions can ensure more efficient operations, optimized decision-making, and personalized member experience.
Based on your quiz results, we’ve provided key decisions and action items to help move you forward and achieve the best results.
Narrow in on a more complex opportunity or challenge where you want to understand the implications across different scenarios and optimize decision-making.
Build a cross-functional team with perspectives on different sides of the issue. As a whole, the team should have knowledge of the underlying data, a vision for how it will be used, familiarity with proper data management practices, and expertise in the needed technology tools.
Conduct a data inventory for the category you will focus on to review completeness, accuracy, and overall quality. Engage an auditing team to assess and transform data as necessary.
Artificial intelligence and machine learning are the driving forces behind prescriptive analytics. Make sure you have the not only the needed tools, but people with the right skills to use them effectively.
As you prepare for the next steps, reference the following checklists to assist with planning, budgeting, and smoother implementation.
Potential items to budget for:
Discuss your results and next steps with our experts by booking a meeting.
