Experts: Credit union data analytics success will depend on collaboration

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr If credit unions are to position themselves as disruptors in the data analytics space, it will take a collaborative effort, two experts advised at Monday’s 2016 Credit Union National Association Data Analytics Roundtable in Salt Lake City.“We’ve concluded that there’s going to have to be an industry-wide solution for credit unions,” said Steve Hodgson, principal of RedPort, a data analytics firm that works with credit unions. “There’s just not the scale and the data,” he said during the panel “Building the Analytics Base: Cultures, Concepts and Tools.”Hodgson said only the very biggest credit unions have the budget and the data to achieve their objectives with data analytics. Most credit union must make at least a $1 million investment in analytics with multiple levels of personnel.“So many different skill sets are needed,” Hodgson added. continue reading »last_img

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