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 seem. The purpose of analytics is to solve complex problems with many variables. Analytics provide a multifaceted view of data sets. Each different […]
Transactional Data: Big Data and the Rise of Payments
Today, there are very few that will deny the importance of data and analytical decision making. Big Data has been a buzzword for years, but it has finally turned into a reality. Companies like Amazon and Uber dominate their industries with the use of data analytics. They, among many companies, have realized that data is […]
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 acting on data insights that you don’t know are based on bad data. You need to prevent that from happening because […]
7 Challenges of Implementing a Big Data & Analytics Solution
Most credit union leaders are familiar with the concept of Big Data and business intelligence, but many fail to fully understand the significance they have on their credit union and its future. Big Data & Analytics can provide credit unions with the ability to make better decisions that positively affect member relationships and, ultimately, their […]
5 Questions for Credit Unions Planning to Implement a Big Data & Analytics Solution
Businesses are always looking for ways to improve efficiencies and processes, and more often than not, this means implementing a new system or tool throughout their organization or customer base. Of course, these opportunities come at a high price in terms of financial cost, implementation nightmares, and human issues. Often these implementations fail miserably as they run […]
