The Decision Maker

Paul Ablack

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Medtronic and Masimo agree to share de-identified patient data to improve patient safety; A lesson for the credit union industry

Posted by Paul Ablack on Nov 15, 2016 10:01:00 AM

In a Star Tribune article this week, “Medtronic agrees to share data in patient-safety effort”, we learned that “when it comes to patient safety, the leaders of the two companies are now sitting at the same table to discuss how they can share de-identified patient data with each other, as well as outside researchers and entrepreneurs, to predict health problems.”

The need to share data about patients and customers is hitting the mainstream as companies figure out that the pooling of this data is critical to the discovery of new insights that can help them develop better products that improve the lives of their customers. Competitors in many industries are realizing that they need to “get over themselves” and start figuring out ways to share this data for the greater good.

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Topics: Data Pool, collaboration

Fintech Startups and Smartphone Adoption Drive Banks and Credit Unions to Innovate

Posted by Paul Ablack on Feb 25, 2016 11:00:00 AM

At the October 2015 Credit Union Big Data/Analytics Conference (now Analytics and Financial Innovation Conference) in Minneapolis, John Best, CEO of Best Innovation Group and a well-known technology innovator in the credit union industry, presented a compelling vision about the disruptive threat facing banks and credit unions right now:

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Topics: Analytics, Big Data, Credit Unions

How will you Avoid Getting “Ubered?” – Credit Union 2016 Strategic Planning

Posted by Paul Ablack on Sep 2, 2015 2:46:50 PM

As we enter the time of year when credit unions do their strategic planning, there needs to be recognition and a high sense of urgency around the fact that this industry is facing the "Perfect Storm" of Big Data, Analytics and technology that will change the landscape of retail financial services forever and that change will most likely happen within the next 3 years.

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Using Big Data & Analytics to Move Beyond FICO and LTV for Loan Decisions

Posted by Paul Ablack on Jun 24, 2015 11:30:00 AM

The FICO score has a long and well-established history as a key metric in the determination of credit-worthiness. The FICO score has the power to influence whether or not a person will be able to experience significant life events, like the purchase of their first car or their first home. However, as we rapidly enter the age of Big Data and Analytics, does the FICO score utilize enough information to make an accurate determination of a borrower’s ability to pay? As I consider the future of credit unions, I believe the industry’s position on the significance of the FICO score in their underwriting process is an important issue. Is FICO a major determining factor, or is it merely one of many data points that can be used to predict probability of default for a given loan?

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Topics: Analytics, Big Data, Big data/analytics, FICO

Credit Union Industry Disruption: NACUSO 2015 – Part 2

Posted by Paul Ablack on Apr 27, 2015 12:43:00 PM

Last week in my blog, Credit Union Industry Disruption: NACUSO 2015 – Part 1, I talked about the pending threat of Big Bang Disruption in the financial services industry and the growing prominence of predictive analytics. In this second and final blog on the learnings from the NACUSO 2015 conference, I will cover what we learned about how credit unions can respond to Big Bang Disruption and the strategic importance of Predictive Analytics.

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Topics: Analytics, Big Data, Big data/analytics, predictive analytics, Credit Union Service Organization

Credit Union Industry Disruption: NACUSO 2015 – Part 1

Posted by Paul Ablack on Apr 20, 2015 12:51:56 PM

I had the opportunity to attend NACUSO 2015 in Orlando last week. NACUSO is a great conference to interact with other thought leaders in the credit union industry to make valuable business connections. It is the essence of the “credit union movement”, a group of talented industry leaders looking for ways to collaborate to make the industry stronger.

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Topics: Analytics, Big data/analytics, Apple Pay, predictive analytics, CUSO, Lending Clubs, Credit Union Service Organization

What is the ROI of Big Data & Analytics for Credit Unions?

Posted by Paul Ablack on Apr 9, 2015 3:46:00 PM

Credit union leadership teams are increasingly realizing the “buzz” around Big Data & Analytics is real. However, there are two significant questions that get asked about this topic:

  1. Why should credit unions care about Big Data & Analytics?
  2. What is the ROI?
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Topics: Analytics, Big Data, Big data/analytics, CUSO

The Next Big Idea for the Credit Union Industry

Posted by Paul Ablack on Feb 23, 2015 11:11:57 AM

The credit union industry is on the cusp of significant challenges with the potential to disrupt the financial services landscape as we know it. Big Data and Analytics is driving a new breed of competitor into what has been a very traditional marketplace. The industry will need to envision and build out the “Next Big Idea” for credit unions to stay competitive and successfully navigate the next 10 years.

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Topics: Business Intelligence, Big Data, Credit Unions, Data warehouse, Data Integration, Data Pool, Big data/analytics, predictive analytics, CUSO, Cooperation

The “Yin and Yang” of Credit Union Reporting/Analytics Software: 3 Factors to Consider

Posted by Paul Ablack on Jan 8, 2015 12:34:07 PM

As a veteran of the Business Intelligence (BI) industry, which is now being eclipsed by Big Data and Analytics, I have witnessed many organizations looking for the “perfect BI software”.

For at least a decade now, BI software companies have been striving for leadership in the coveted Gartner Magic Quadrant for Business Intelligence. The Magic Quadrant evaluates BI software vendors on two dimensions: (1) Completeness of Vision and (2) Ability To Execute. While these two dimensions do provide very good insight into the capabilities of each vendor’s product offering, they don’t tell the whole story.

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Topics: Reporting and Analytics, Data warehouse, Data Integration, Big data/analytics

3 Credit Union Trends on Big Data

Posted by Paul Ablack on Dec 1, 2014 11:50:00 AM


On October 16, 2014 I attended an afternoon of presentations and discussions on Big Data with a focus on information and insights for capital markets professionals. The event was a joint live broadcast of theCUBE and #BigDataNYC.

The meeting started with Wikibon Senior Analyst Jeff Kelly presenting compelling findings and insights on Big Data adoption in the enterprise and analysis of the companies best positioned to take advantage of the Big Data opportunity.

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Topics: Big Data, Credit Unions, Big data/analytics

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