The Transformational Value of Prescriptive Analytics

Why credit unions should embrace the next frontier in advanced analytics to predict and prescribe outcomes. Advances in data analytics are providing credit unions with powerful new tools to gain insights into their members’ needs and purchasing trends. From using data to assess the past (descriptive analytics) to analyzing data to understand the future (predictive […]

Hiring a Chief Data Officer? 5 Qualities Not to Overlook

With the rapid rise of data analytics, there is a high demand for a key player in the workplace — the Chief Data Officer. The CDO is quickly becoming a new hero for financial institutions ushering in digital transformation. From uncovering profitable insights to developing data-backed business strategies and keeping data systems clean and relevant—the […]

The Role of the Chief Data Officer

For years, financial Institutions have been using data analytics to seek out opportunities, reduce costs, create efficiencies, make better and faster decisions, and ultimately improve the customer experience. Though many have begun the data analytics journey, most are not getting the most value of their data analytics initiatives. To be fair, it’s not the easiest […]

Top Data Analytics Mistakes to Avoid

Why do some data and analytics projects fail, while others go on to produce significant business outcomes? Today, many financial institutions are actively using data analytics to turn their data into actionable and profitable insights. However, the reality is most analytics projects do not always translate into easy success and big wins.  Too often, these […]

Part 2: The Data Analytics Strategy Roadmap

If you have reviewed the important first six steps outlined in our first article on Building an Analytics Roadmap, then you are ready for the final steps to complete the journey. To recap, we firmly believe that analytics in the bank and credit union industry will become necessary for survival.  Those who adopt early will […]

Technology Innovations Changing the Financial Institution Ecosystem

The Financial Applications for AI and Machine Learning If you’ve been following our FIRST and SECOND installments of this three-part series on machine learning and artificial intelligence, then you are ready for our conclusion of how these advanced technologies and applications are changing the financial services ecosystem. Artificial intelligence (AI) and machine learning (ML) have been major contributors to […]

Demystifying Artificial Intelligence

By now, you’ve undoubtedly heard the terms “artificial intelligence” and “machine learning”.  If you haven’t already, take a quick read of our previous article where we explain the basics of machine learning. Today, banks and credit unions are learning how to use the power of artificial intelligence (AI) to boost customer engagement, decrease costs, improve […]

Explaining the Basics of Machine Learning

Explaining the Basics of Machine Learning Financial institutions are no strangers to Machine Learning. Many institutions are investing heavily in this technology to improve cyber security, customer segmentation, and marketing campaign management. To simplify the discussion, think of machine learning as self-driving cars, practical speech recognition, and effective web searches. Machine learning is the science […]