The Decision Maker

6 Steps to Develop a Data-Driven Vision

Posted by Nate Wentzlaff on Mar 19, 2015 12:30:00 PM

As an industry in the middle of a massive shift, credit unions must steer in the best direction to enter a prosperous future.

The Financial services industry has traditionally been an industry where change happens gradually at the direction of a few large institutions.  Since the introduction of the internet in the 1990’s, finance has been in a state of exponential change.  The digitalization of money is causing an even more powerful catalyst of change: the proliferation of data at a pace most credit unions cannot fathom.  Consequently, credit unions must form a data-driven vision to act as a strong rudder to navigate through the data storm.

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Topics: Analytics, Big Data, Data Integration, Members, Decision Support, Big data/analytics, community, data integrity

3 Ways Community Spurs Advancement within the Credit Union Industry

Posted by Nate Wentzlaff on Dec 15, 2014 1:12:45 PM

Sharing ideas and analytics solutions allows credit unions to thrive in the ever-changing financial marketplace

Recently, I attended the Credit Union Big Data/Analytics Conference hosted by OnApproach.  During the conference, many presentations discussed how credit unions should leverage their progress in data and analytics solutions.  As the marketplace of financial solutions continues to become more chaotic, credit unions must stick together to prosper in the waves of disruption that are sweeping the globe.  Big Data and Analytics solutions are providing credit unions the opportunity to expand their cooperative philosophy throughout their industry as a whole.  Learning how to collaborate around data and analytics will be the next step for the credit union industry. 

There are three steps that credit unions must take to effectively collaborate with their data:

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Topics: Big Data, Big data/analytics, community, Cooperation

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You now have more information at hand about your credit union than ever before. But are you using it to "out-think" your rivals? If not, you may be missing out on a potent competitive tool.

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