More than 800 Credit Unions turn to Datawatch to streamline creation of actionable insights and valuable analyses out of the abundance of data they collect every day about their members and their operations. Credit Union Management Magazine (CUES) recently published an article “Leveraging an Analysis Tool” by Richard Gamble that put the spotlight on two Credit Unions (Vermont State Employees Credit Union and Schools Financial Credit Union) and the cutting-edge data strategies they’ve successfully executed on, with the help of Datawatch.
Tom Kuang, VP/Technology/CTO at Schools Financial Credit Union, commented on the value of Datawatch saying “…we can upload data from multiple sources into models and automatically generate reports in repeatable processes. We don’t have to hand-crank monthly reports any more. The data was always there, but it wasn’t very useful without a lot of manual work. Now we have a tool that can structure it and give us access to useful insights quickly.” Datawatch solutions have a combination of innovative machine-learning technology, data governance and collaboration features that uniquely positions them to empower every individual, department and organization to intelligently tap into more trusted data and drive faster analytical insight.
Datawatch has become a critical tool for Vermont State Credit Union’s data strategy as well. Katherine Cummings, Senior Accountant and Senior Systems Accounting Analyst, said “we’re using Datawatch aggressively in accounting and spreading the word to other departments. This will allow us to work with sales and marketing to help them use data analysis to shape informed campaigns.” Leveraging Datawatch beyond the needs of financial departments is becoming a trend – it’s a platform that provides significant value across entire organizations. Datawatch is the first data preparation and analytics platform that fully satisfied team and enterprise-level data intelligence needs. Departments can now trust one another’s data sets and leverage them within their own business unit.
Datawatch has expanded beyond its data preparation and analysis platform, to include predictive visualization capabilities as well due to Angoss, a new technology acquired approximately eight months ago. Dylan Tancill, Director of Banking and Credit Union Sales at Datawatch, noted how “the two products can work in tandem…Angoss could channel Datawatch Monarch-processed data into a decision-making dashboard that provides a 360-degree picture of relationships.” Datawatch is a true one-stop-shop, equipping Credit Unions with the ability to prep, predict, and visualize their data strategy in one platform.
We are honored to be featured in this article and pleased two of our valued customer success stories were highlighted. Vermont State Employees Credit Union and Schools Financial Credit Union are only two among many Datawatch success stories, and we would encourage you to hear more of what our Credit Union customers have to say.
Want to learn more on how our Credit Union Customers use Datawatch solutions? Download the Webcast and Slides: “What is Your Credit Union’s Data Strategy Missing?” In this complimentary webcast, you’ll hear from a panel of credit unions experts as they discuss how they improved operational efficiency, and gained analytic insights by making data preparation the linchpin of their data strategy.
Article Source Originally Published on Credit Union Management Magazines: https://www.cues.org/article/viewalldd/leveraging-analysis-tool