A Credit Union’s Guide to Establishing Effective Data Governance

If data isn’t governed properly, your credit union could be at risk. Consider these best practices for a well-managed data governance strategy. The foundation for a successful analytics program is data. Without accurate, quality data, it’s nearly impossible to make informed business decisions. As data becomes an even greater asset for the credit union, the […]

Steward Your Data: Why Data Governance Is Critical to Your Analytics Strategy

For any credit union that aspires to derive insight and business value from their data, the discipline of data governance is essential. What Is Data Governance? Think of data governance as a quality control discipline that governs the overall management, usage, storage, monitoring, and protection of the credit union’s data. Without a dedicated governance process, […]

Putting Strategy Before Software

Warren Buffet famously once said: “Price is what you pay, value is what you get.”  Consider the last technology and software investments your credit union made to keep the organization running.  Are you getting true value from the dollars spent?  Are you maximizing all capabilities these IT investments offer? Have you calculated a measurable ROI? […]

Are Data Lakes a Better Way to Analyze Member Data?

Understanding The Benefits & Problems with Data Lakes As more credit unions want to up their competitive game through data and analytics, the debate between data warehouses and data lakes continues. While solution providers and analysts line up on both sides of the discussion, understanding the advantages and drawbacks of a data lake can help […]

Seven Steps to Align Your Business Strategy with Your Analytics Strategy

As I travel around the country working with financial institutions that are ready to implement a data analytics program, I realize a common denominator throughout them. Many have yet to align their data analytics strategy with their overall corporate/business strategy. When the business objectives and analytics strategy do not operate from the same playbook, it […]

data-driven culture change management

A:360 Podcast #18 – Creating a Data-Driven Culture

Today’s A:360 discusses why developing and nurturing a data-driven culture is as crucial to your analytics success as your technology implementation. Many fail to realize that analytics is as much an exercise in change management as it is in development and programming. In this podcast, I’ll give my thoughts on why creating a strong data […]

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 […]

Third Stage of Analytics Maturity: Analytical Aspirations

In my last post, I described the characteristics of organizations at the second, “Localized Analytics” stage of the analytics maturity model. In this post, we will dive into what an organization at the third stage, known as the “Analytics Aspirations” stage, of the analytics maturity model looks like. These posts on analytics maturity stages are […]

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 […]