Plymouth, MN (October 30, 2014)– OnApproach (www.onapproach.com), a leading provider of Big Data reporting and analytics solutions for credit unions, is pleased to announce the release of its Credit Union Big Data/Analytics Readiness Assessment tool.
The Credit Union Big Data/Analytics Readiness Assessment is designed to gauge a credit union’s preparedness to launch a Big Data/Analytics initiative and help develop an effective strategy for moving forward.
For credit unions already in a mature environment, this assessment will identify opportunities to grow and enhance current capabilities.
The Credit Union Big Data/Analytics Readiness Assessment is comprised of 26 measurements of readiness. Each measurement is assigned a grade based on the credit unions perceived readiness (1-5), which is then totaled at the end of the assessment. The designated grade indicates a level of readiness and allows credit unions to determine if they are prepared to embark on their Big Data/Analytics journey.
Regardless of the grade, there are additional follow-up steps highlighted by the assessment that will assist credit unions to prepare for and carry out Big Data/Analytics initiatives.
To assess your credit union’s Big Data/Analytics readiness click here.
Note: this assessment is based on the work of Ralph Kimball (See http://www.kimballgroup.com/ for more information.)
OnApproach is a Credit Union Service Organization (CUSO) that focuses on providing credit unions with the power to use data as a competitive advantage both independently and cooperatively. With OnApproach, credit unions can now harness the value of Big Data/Analytics through integration, collaborative report writing and predictive analytics. This deeper understanding of data allows credit unions to discover vital trends in member behavior, resulting in improved financial performance, reduced risk, and enriched relationships with members.
Austin Wentzlaff, Business Development Analyst