246) #ExponentialInsights - Data Strategy: Maximizing Digital Growth for Your Credit Union
Credit unions have a significant opportunity to use data to help and educate their members, yet 70 percent of credit unions don’t have a data strategy.
Many executives may point to the monetary cost of implementing such a plan, but what are the hidden costs of ignoring it?
Anne Legg , Founder of Thrive Strategic Services , tells us why more credit unions should implement a data strategy to ease their members’ friction points.
Join us as we discuss:
- The typical timeline for implementing a successful data strategy (14:27)
- Benchmarking institutional data culture and consumption (20:19)
- Cost of action versus inaction when budgeting a data strategy (27:44)
Check out these resources we mentioned during the podcast:
You can find this interview and many more by subscribing to Banking on Digital Growth on Apple Podcasts , on Spotify , or here .
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