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 […]

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 […]

The Knowlton Group Advantage

There are plenty of data and analytics consultants in the market. The choice of a data and analytics consultant can be critical to the success of your project, so how you can be sure you have chosen the best team to partner with? At The Knowlton Group, we specialize in working with financial institutions. We […]

reporting, BI, business intelligence, SQL reporting, excel reporting

Reporting – First Step for Business Intelligence

The terms business intelligence, data and analytics, and big data strike a combination of excitement and fear into business leaders’ minds. My goal for this post is to alleviate some of the fears associated with business intelligence and analytics (big data is a whole different world). Community banks and credit unions, regardless of size, can […]

CFO Data, CFO Analytics

How a CFO Can Use Data and Analytics

Over the past few weeks, we have released posts describing how different members of the C-suite can make use of data and analytics. We started out discussing five ways CMOs can use data and then talked about the CLO and lending analytics. In this post, we want to highlight the ways that a CFO (Chief […]

data and analytics projects, data and analytics initiatives, business intelligence

Data and Analytics Projects: Focus on the Business First

An increasing number of organizations are making data and analytics an integral part of their business operations. In Thomas Davenport and Jeanne Harris’ book Competing on Analytics: The New Science of Winning, they define the most analytically advanced businesses as “Analytical Competitors”. These organizations embed data and analytics into their operations and are a fundamental […]

Lending Analytics, loan analytics, data and analytics

The CLO and Lending Analytics

In one of our last posts, we talked about how marketers can use data. As part of the growing usage of data and analytics, we want to highlight the different ways key executives can leverage data to drive their business. In this post, we discuss five ways that lending analytics can be used in any […]