The Decision Maker

Big Data vs. Little Data: Part 2 - The Steps to Data Analytics Mastery

Posted by Austin Wentzlaff on Feb 14, 2017 11:03:00 AM

In my previous blog, Big Data vs. Little Data: Part 1 - Structured and Unstructured Data, I discussed the two main types of data that should be top of mind for any organization thinking of becoming truly “Data-Driven.” In the world of data and data analytics, credit unions must leverage ALL the data accessible to them but the journey of mastering data analytics can be very tricky.

Determining the right tools will be critical.  When it comes to data and data analytics, the order in which you introduce new tools is extremely important.  In order to make each step up the analytics curve effective as the last, credit unions must consider the following steps:

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Topics: Analytics, Big Data, Little Data

Big Data vs. Little Data: Part 1 - Structured and Unstructured Data

Posted by Austin Wentzlaff on Aug 4, 2016 11:06:00 AM

It’s clear now: Data can be one of a company’s most valuable assets if properly stored, managed and analyzed.  What’s unclear to many however, is what data is the most valuable and how to harness the value of each type of data.  There are two main types of data: “Big Data” and “Little Data” or, respectively, unstructured data and structured data. Both types of data can deliver a significant amount of value to a credit union. However, figuring out how to harness each type of data can be a challenge when dealing with the array of different data sources. Finding a healthy balance is key to delivering value without succumbing to analysis paralysis.

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Topics: Big Data, Little Data, Structured vs. Unstructured Data

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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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