Next Big Thing Part Two: Bring Big Data to Small Credit Unions
Friday, January 15, 2016
CUNA News Now © January 15, 2016 – Harnessing “Big Data” for business intelligence is a megatrend everyone is watching.
But actually applying this trend to everyday operations, particularly for small to mid-size credit unions, can be challenging from both a budget and implementation standpoint.
Our big idea for 2016 is to bring big data to small credit unions. Applying the cooperative model to big data will not only allow more credit unions to participate, but also offers opportunities to aggregate data on a wider basis.
JOHN FERSTL is vice president of the Minnesota Credit Union Network Service Corp