The data warehouse is not enough

first_imgCredit unions are beginning to invest heavily in big data and analytics.  When deciding how to allocate funds in this space, leaders are awash with buzzwords and conflicting advice.  One of the most common terms used within big data and analytics is: data warehouse.  Deciding whether to build or buy a data warehouse is an important strategic decision for credit unions.  Unfortunately, many decision-makers get lost in discussions about storage capacity, data processing, data visualization, etc.  All of these concepts are important.  However, data warehousing is not the solution.  It is a powerful tool in an enterprise data management (EDM) strategy.Without master data management (MDM) to define data elements, agree on business terms, and document the logic of data integration, the data warehouse will be confusing to end users.  Because data fields are defined differently throughout a credit union’s source systems, terms are used interchangeably (without the same meanings).  This will bring more confusion.  A data warehouse, which is supposed to be the Single Version of Truth (SVOT), must have an effective EDM strategy to reach its fullest potential.Most Valuable AssetThe internet has made data the most valuable asset in the credit union industry.  Credit unions are realizing the value of their data and are tailoring their budgets to invest accordingly.  Understanding that data is the most valuable asset of the credit union is the first step toward developing an EDM strategy.  However, a search for the word data will bring up thousands of conflicting pages instructing credit union leaders to handle their data in certain ways (while also mentioning their latest and greatest analytics applications). continue reading » 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

IT’S ANOTHER SCORCHER ON A GLORIOUS EASTER SUN-DAY

first_imgKnockalla, Fanad by Yvonne McFadden for donegaldaily.comDONEGAL is getting its most glorious Easter SUN-DAY in years.Temperatures are again heading towards 17C or 18C in some inland parts of Donegal today.It will be a bit cooler on the coasts. Get out and enjoy it while you can! The east of the country will be getting rain later today – but the great weather will continue here.And Monday may be a bit more cloudy, it looks like Donegal will escape the wet weather for another day or two.Our picture is from Knockalla, Fanad – from Yvonne McFadden.  IT’S ANOTHER SCORCHER ON A GLORIOUS EASTER SUN-DAY was last modified: April 20th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegal daily weathereaster sunday 2014sunnysunshinelast_img read more