What’s Holding You Back from Being Data-Driven?

Let’s face it: we live in a world where a strong data and analytics competency is becoming a “must have” for successful companies. Despite the growing significance of analytics, the majority of banks and credit unions are not “data-driven” organizations. We’ve uncovered a number of common reasons why investment in data and analytics has been […]

Boston’s CityScore and Becoming a Data-Driven City

According to The New York Times, “[Boston’s] City Hall is humming with data.” Drawing on various data sources at their disposal, Boston is leading the way in being a data-driven city through the use of their revolutionary program, CityScore. CityScore and The Mayor’s Dashboard According to the City of Boston’s website, “CityScore is an initiative […]

Most Viewed Analytics Articles of the Year (so far)

We’ve published quite a few articles this year! With the number of articles published, we wanted to create a post where we summarized our top ten most viewed articles about data and analytics. So, without further ado, here they are: 1. 5 Steps to Developing Your Business Intelligence Strategy From Brewster Knowlton of The Knowlton […]

flywheel effect analytics

Analytics and “The Flywheel Effect”

If you are a doubter on the power of leveraging data and analytics, you belong to an increasingly small group of non-believers. While we are all starting to agree on the power of analytics, actually implementing a data and analytics program is more challenging than it may seem. From the importance of having a clearly […]

turning data into information

When Life Gives You Data, Make Information

For starters, yes the title is a terrible play on “when life gives you lemons, make lemonade”. Bad jokes aside, I hear too frequently how organizations need more and more data. I’m a data guy – I’m all about data. But there is a subtle difference between having more data and more information. Below is […]

bank and credit union innovation

Can Banks and Credit Unions Become Tech Companies?

I’ve thought more and more about this question in the past few months: can traditional financial institutions (retail banks and credit unions, specifically) become (or, at minimum, act like) technology companies? Critique to this article might very well be, “who cares whether traditional FIs can be classified as technology companies.” Admittedly, the debate is predicated […]

training Millennials

Five Techniques for Training Millennials

In a recent post, we talked about employee retention and meeting employee needs more effectively. While it’s great to to be able to identify weaknesses and make changes along the way, sometimes starting strong with training can make an even larger impact when it comes to employee retention. In a prior post, we noted that […]

broadly distributed data and analytics

Centrally Driven, Broadly Distributed – Part 2

In our previous post, we introduced you to the data and analytics management methodology, “centrally driven, broadly distributed”. Having discussed the reasons why a “centrally driven” approach to data and analytics is optimal, this post will dive into the second half of the quote, “broadly distributed”. “Broadly Distributed” Analytics Takes Down Silos In many organizations […]

centrally driven

Centrally Driven, Broadly Distributed – Part 1

In Thomas Davenport’s “Competing on Analytics: The New Science of Winning”, one of the first chapters of the book defines the common attributes of analytically-driven organizations. Davenport discusses that one of the critical aspects to success in analytics revolves around taking an enterprise-level approach to managing data and analytics. He then quotes Harrah’s Entertainment’s management […]

Don’t Get Lost in the Data

It’s often easy to get lost in the bells and whistles that most data and analytics tools offer. Fancy visualizations, interactive dashboards, and modern user interfaces make these tools difficult to say no to. But what tends to get lost in all the technology is a simple question: what business questions is my data going […]