The Decision Maker

Report from the Frontier

Posted by Aaron Wang on Jan 19, 2014 3:34:21 PM

In the December 2013 issue of the Harvard Business Review, reporting and analytics guru Thomas Davenport writes about how far the innovators in the analytics field have advanced.

Davenport divides the evolution of analytics into three eras.

Analytics 1.0 – This first era was marked by the first widespread use of data to support fact-based decision making. The idea of data warehouses became more main stream as enterprises began to organize their internal data specifically for the purpose of better analyzing historical data.

Read More

Topics: Reporting and Analytics, Analytics, Credit Unions, Decision Support

Get the Analytics Part Right

Posted by Aaron Wang on Sep 22, 2013 6:15:09 PM

Many credit unions are launching business intelligence initiatives with high hopes for improving performance. However there are two big challenges to overcome.

First, important data is usually bottled up in unrelated “silos”. It is essential to build a universal data model to connect all the various data sources into a cohesive repository. This becomes the “single source of truth” on which all subsequent analytical efforts depend.

Second, an effective analytics capability needs to be developed. This requires careful consideration. A recent Forbes magazine article provides some great insight to those taking on the second challenge.

Read More

Topics: Reporting and Analytics, Analytics, Credit Unions, Decision Support

Know Thy Member And Be Glad

Posted by Aaron Wang on Aug 25, 2013 3:55:09 PM

Aberdeen Research recently conducted a survey among credit unions and other banking organizations to determine their use of business intelligence (BI) tools. In one major section of the study, Aberdeen analyzed the results in terms of institutions that used BI to analyze their customers and those that did not.

Read More

Topics: Reporting and Analytics, Analytics, Credit Unions, Decision Support

Using Analytics for Decision Making – Six Critical Steps

Posted by Aaron Wang on Aug 19, 2013 10:17:50 AM

Credit union leaders are increasingly interested in using analytics to drive better decisions. A common question they ask is, “Once I have comprehensive access to all credit union data, how do I use it effectively?”

Read More

Topics: Analytics, Big Data, Credit Unions, Decision Support

Subscribe to Email Updates

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.

This blog will:

  • Educate subscribers about data integration and Big Data and Analytics.
  • Provide tips and best practices.
  • Provide entertainment.
  • Share ideas and expertise.

Recent Posts

Posts by Topic

see all