The Decision Maker

Bitcoin crosses $10k; Bezos’ Net Worth $100B – Why should we care?

Posted by Mark Portz and Austin Wentzlaff on Jan 9, 2018 11:07:00 AM

Please note: this article was started when Bitcoin crossed $10,000.Bitcoin is now at $18,000 (maybe even higher as you read this).

When thinking about Bitcoin and Amazon it might be easy for one to ignore the relevance to their own situation. What does a cryptocurrency and an online retailer have to do with me (or my institution)? The answer – everything. It isn’t about Bitcoin or Amazon per se, but rather what they stand for – The new digital world.

Digital Transformation is a term that is relatively new, but a term that is becoming increasingly more popular.  What it means, in short, and to be rather blunt, is that your old ways are broken and we need to reinvent using the new technologies available, namely the internet and mobile devices.

For many credit unions that have been very successful for many years, we are stuck in the old adage of “if it ain’t broke, don’t fix it.”  However, unfortunately, this old adage is just that – Old.  In the new digital age that we live in today, we have to constantly think about reinvention and transformation – not just every 5 years but every month.

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Topics: Data Analytics, Innovation, Digital Transformation

Big Data and the CFO

Posted by Aaron Wang on Jun 10, 2013 10:01:18 AM

Big Data frequently is seen as only benefitting the marketing department. CFOs can also benefit from Big Data initiatives.

In a recent CFO Magazine article, author Phani Nagarjuna points out five ways CFOs can use Big Data to achieve their goals. While Nagarjuna writes about CFOs regardless of industry, I have sharpened the focus of his five points as they apply to credit union CFOs.

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Topics: Analytics, Leadership, Innovation

Are You an Analytical Innovator?

Posted by Aaron Wang on Mar 10, 2013 9:06:40 AM


Here’s a quick quiz for your organization (yes or no):

  1. Believes data is a “core asset” that can be leveraged to improve performance at all levels of the organization.
  2. Seeks to use more data with increasing effectiveness to drive faster goal attainment.
  3. Top management champions the use of analytics by allocating greater resources to areas making data-based decisions.
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Topics: Analytics, Innovation

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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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