GRAND RAPIDS, Mich.–Participants of CU*Answers’ Data Boot Camp benefited from an early look at several data management projects at the company, according to the CUSO. CU*Answers reported it is developing a native data warehouse solution, SnapShot, a data set that fully mirrors the processing environment of its CU*BASE core system captured at the exact moment the prior end-of-day processing was completed.
The Boot Camp group was authorized to be the first, exclusive client users of SnapShot. SnapShot is expected to serve as a resource for research, and flexibility in timing and scope of data transfers, according to CU*Answers. It also standardizes the timing of data archival to support existing CU*Answers products, and creates visibility of retroactive data on a scale that was previously unachievable for CU*BASE users and products, the company said.
The product will be managed by CU*Answers’ Asterisk Intelligence team.
“SnapShot checks off another item on the wish list of many data managers and analysts – an ability to wind back the clock across the entire database, and every data point it holds,” said Asterisk Intelligence team leader Keegan Daniel. “The scale of this project is impressive. Involving our most data-conscious partners and users with the development and testing process is a no-brainer for us and we look forward to working closely with this group over the next few months.”
According to CU*Answers, the product will receive a round of collaborative review and testing by the Boot Camp participants over the upcoming months. During this period, participants will spend time evaluating and documenting their experiences to share in the program’s next meeting in May.
Asterisk Intelligence is a group launched in early 2017 by CU*Answers to focus on strategies and development of data analytics and data warehousing for credit unions.
Meanwhile, CU*Answers also reported that its Records Management Services held two education courses for all client credit union personnel and leaders. The first, an overview of records and information management, covered implementing a records and information management (RIM) program. The course illustrated how RIM helps credit unions manage their data in a way that meets their business needs and complies with regulations, the company said.
The second course, “Email Overload - How to Manage It,” discussed how in this day and age where digital communication dominates, credit unions are drowning in email and are spending an increasing amount of time trying to manage it. Participants learned ways to effectively manage their email overload, according to CU*Answers.