Technology Category
- Analytics & Modeling - Big Data Analytics
- Analytics & Modeling - Machine Learning
Applicable Industries
- Cement
- Finance & Insurance
Use Cases
- Autonomous Transport Systems
Services
- Data Science Services
- System Integration
About The Customer
Redstone Federal Credit Union is a financial institution with a workforce of 1,001-5,000 employees. The credit union is committed to leveraging data to gain more visibility and control over banking operations, with the ultimate goal of delivering more value to its members. The credit union's data science team leads its machine learning efforts and is tasked with organizing and joining complex data, building schemas, and creating new dashboards. The team was previously reliant on the IT team, which was slowing down their ability to innovate with data.
The Challenge
Redstone Federal Credit Union, a financial institution with 1,001-5,000 employees, was facing a significant challenge in leveraging data to gain more visibility and control over banking operations. The credit union aimed to deliver more value to its members through data-driven insights. However, fragmented data spread across a myriad of systems and applications was a major obstacle. This fragmentation was holding back the credit union's Business Intelligence (BI) and data science initiatives, preventing them from making the progress they desired. The data science team was heavily reliant on the IT team, which was slowing down their ability to innovate with data.
The Solution
Redstone Federal Credit Union deployed Incorta, a unified data and analytics platform, to overcome their data fragmentation challenge. Incorta was set up in a matter of days and was able to pull in 13 million records from Redstone's Fiserv core banking system in just 43 seconds. This platform served as a 'data hub' for Redstone's data science team, leading the credit union's machine learning efforts. With Incorta, data scientists could independently organize and join complex data, build schemas, and create new dashboards without burdening the IT team. The Incorta-powered data hub enabled Redstone's data scientists to build smarter predictive models and provide more timely, relevant, and useful data insights to teams across the organization. Incorta also facilitated cross-team collaboration by bringing everyone together on the same platform, making it easier for data scientists to partner with subject matter experts when investigating business questions and anomalies.
Operational Impact
Quantitative Benefit
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