A:360 Podcast #17 – Starting with a Question

Today’s A:360 discusses why it is critical to boil analytics down to well-defined questions. A question is the fundamental building block of analytics. Well-defined questions can shape and simplify the delivery of analytics to an organization. For those business users who aren’t quite sure what data they are looking for, helping them shape a question […]

data held hostage

Is Your Data Being Held Hostage?

More and more financial institutions are investing in developing their own analytics teams. Data warehousing and other modern analytics platforms are becoming the norm and not the exception. As these organizations start to develop their data strategy and implementation roadmap, some of them find that their data is being held hostage. What do I mean […]

analytics roi

A:360 Podcast #16 – Measuring Analytics ROI

Today’s A:360 discusses a few suggested ways to measure the return on investment (ROI) for your analytics initiatives. A common question I receive is “how do we determine the effectiveness of our analytics efforts?”. This podcast’s intent is to present a few possible ways to answer that very question about measuring analytics ROI. Watch and […]

A:360 Podcast #15 – A Phased Approach to Analytics

Today’s A:360 discusses why it is highly recommended that most organizations take an iterative, phased approach to developing their analytics solution. Watch and Listen Click to Watch on YouTube. Listen to the Podcast Click to Listen on SoundCloud Click to Listen on iTunes Read the Transcribed Audio Hey everyone. Welcome to today’s A:360. My name […]

data analytics for credit unions and banks

5 Reasons to Invest in Data Analytics in 2017

2016 was a great year for analytics throughout many industries. The financial industry seemed to especially embrace analytics and take the necessary first steps towards becoming a more data-driven industry. Back in the beginning of 2016, I published an article titled “5 Reasons to Invest in Data and Analytics in 2016”. Most (if not all) […]

Second Stage of Analytics Maturity: Localized Analytics

In my last post, I talked about some of the defining traits of an organization at the lowest, first, stage of the “Analytics Maturity Curve”. The second stage of the “Analytics Maturity Curve” is what Tom Davenport refers to as the “Localized Analytics” stage. Common Traits of This Stage The “Localized Analytics” stage is a […]

analytics maturity

First Stage of Analytics Maturity: Analytically Impaired

Where does your organization lie on the analytics maturity curve? This question is functionally equivalent to: What is the state of data analytics at your organization? How do we compare to others in the areas of business intelligence, data, and analytics? With regards to analytics, what the heck are we doing right and wrong? If […]

anchor holding you back

A:360 Podcast #13 – Common Pushbacks for Analytics

Today’s A:360 discusses some of the common pushbacks that I often hear surrounding data, analytics, and becoming a data-driven organization. In this podcast, I’ll dispell some of these common pushbacks and explain how you can overcome these misconceptions and challenges. Watch and Listen Click to Watch on YouTube. Listen to the Podcast Click to Listen […]

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 […]