In the paper "Right Sizing Big Data for Credit Unions" published by the Filene Research Institute and the Credit Union Central of Canada, the experience of analytics in driving success among North American credit unions is explored.
To complement this paper, this simple and quick assessment tool has been designed for credit unions to better understand where they are on the analytical journey.
Inspired by the framework detailed in Thomas H. Davenport and Jeanne G. Harris' "Stages of Analytical Maturity" as described in their book Competing on Analytics: The New Science of Winning, the key characteristics described at each stage to the data journey have been translated into an assessment tool.
Disclaimer: This assessment tool aims to be a conversation starter for credit unions to better understand their data strengths and weaknesses rather than a definitive tool to quantify Davenport and Harris’ work.
