Sound Credit Union (SCU) is one of the largest credit unions in the greater Seattle area, with 29 branches and nearly 30,000 ATMs around the Puget Sound, the body of water that lends the business its name. With nearly $2 billion in assets, the credit union hosts 135,000 consumer accounts, and provides banking services to another 5,000 businesses.
In 2018, the credit union adopted a suite of data warehousing and analytical software from Information Builders for use across the business. The package, dubbed the Analytical Data Mart System (ADMS), was implemented to run alongside Symitar Episys, the core banking system from Jack Henry & Associates that SCU relies on to manage its customers' accounts.
In case you are keeping track:
Commentary: Why you need BI analytics for your IT hardware stack | Chain Store Age
From virtual clothing try-ons to checkout-free purchasing, emerging technologies are helping retailers increase efficiency, reduce friction, and enhance the customer experience. But with technology comes the inevitable problem of downtime. That means retailers must think carefully about IT hardware support to minimize the financial, reputational, and customer costs of outages.
This is tough for any business, but chain stores face particular challenges. Affordable system maintenance is difficult to implement across dozens or hundreds of locations. Failure is not an option, to quote NASA, but staffing each store with IT expertise isn't either.
Lone Star Analysis CEO Talks Predictive Analytics, Digital Twins for Navy Aircraft Systems -
The dollar return on analytics can be 20 to 1 or more for customers, according to Lone Star Analysis.
"A lot of what we do is based on the mathematics of uncertainty," Roemerman said. "We build a big Monte Carlo hedge that runs through all the variables that that fleet operator has uncertainty about."
Such variables can include avionics components and shops. Several Lone Star Analysis customers have used the company's analytics to help resolve work demands placed by the Automatic Dependent Surveillance-Broadcast (ADS-B) mandates, Roemerman said. The Federal Aviation Administration (FAA) has required ADS-B Out equipage for flights after January 1 this year in U.S. airspace where a transponder is required.
Is Social Media Analytics Redundant Today?
Over the last decade, there has been an explosion in social media data, and at the same time, AI/ML models are also getting better at predicting people's interests and purchasing habits. Social media data can be processed and analysed using AI models to find meaningful correlations to precisely target products and services to specific consumers. Besides, with automated sentiment analysis from customers, they can gain valuable feedback.
Quite a lot has been going on:
New MedPAC chair: It's about analytics, not politics
On the impact of COVID-19
It’s not completely clear how COVID will affect things in a substantive way. MedPAC’s fundamental mission is to make recommendations, to promote beneficiary access to efficient, high-quality care. COVID has just sent shock waves through the healthcare system.
There’s just an enormous number of related questions—from how to support a sustainable delivery system given the financial stress they’re under due to COVID, how all the different programs that MedPAC looks at are affected in micro or macro ways by COVID, what happens to Medicare Advantage, what happens to alternative payment models. Some of it is complicated and technical, like what happens to risk adjustments or those types of questions.
Test and Measurement: NI acquires data analytics company for $365 million - RCR Wireless News
National Instruments has agreed to buy OptimalPlus, a data analytics company focused on the semiconductor manufacturing space, for $365 million.
The transaction is supposed to expand NI’s enterprise software capabilities, the test company said, “to provide customers with business-critical insights through advanced product analytics across their product development flow and supply chain.”
NICE Actimize to Acquire Guardian Analytics | Finance Magnates
Financial services organizations of all sizes must remain one step ahead of financial crime, NICE said in a statement today.
To enable this, the firm announced this week that it has entered a definitive agreement to acquire Guardian Analytics, an AI cloud-based financial crime risk management solution provider.
NICE is a provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data.
IPW Webinar - Competitive Differentiation Through Big Data Analytics - IPWatchdog.com | Patents
Less than six months ago as we celebrated a new year no one could have predicted the massive disruption to the U.S. national and global economy that was less than sixty days away and would persist throughout Q2.
For companies to recalibrate, grow and thrive amidst these new economic realities that could have long lasting impacts, competitive differentiation is critical— perhaps now more than ever.
The ability of big data and analytics to boost competitive differentiation and help organizations stay ahead of change has helped forward thinking corporations for years and will guide those corporations through these tough times. Despite the power of big data and the analytic overlays increasingly available many still resist for a variety of reasons, particularly amongst IP professionals.
Happening on Twitter
Chemicals used by police amid protests may spread COVID-19: CDC director https://t.co/yfDeCh7h9E https://t.co/c7e7ZsZ3U3 nypost (from New York, NY) Thu Jun 04 21:32:30 +0000 2020
JUST IN: The local government of Manila is buying P994 million worth of laptops & tablets to equip its public schoo… https://t.co/CopH2ygQGg manilabulletin (from Manila, Philippines) Sat Jun 06 01:37:49 +0000 2020
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