Naveego, Recently Acquired by Aunalytics, Honored as a 2021 Michigan Celebrates Awardee

Aunalytics Empowers Customers to Harness Their Data with Advanced Analytics and Valuable Business Insights to Enhance Customer Satisfaction, Deliver New Services and Accelerate Competitive Advantage

 

Traverse City, MI (April 7, 2021) – Naveego, recently acquired by Aunalytics, is being celebrated as one of the 2021 awardees for the Michigan 50 Companies to Watch award, presented by Michigan Celebrates Small Business. Aunalytics will be honored at an awards ceremony during the 17th annual Michigan Celebrates Small Business gala event, July 20.

Aunalytics provides Insights-as-a-Service to answer enterprise and midsized companies’ most important IT and business questions. The Aunalytics® cloud-native data platform is built for universal data access, advanced analytics and AI while unifying disparate data silos into a single golden record of accurate, actionable business information.

“Being recognized as a Top 50 Company to Watch is an honor and underscores our commitment to deliver best of breed data analytics solutions and hosting services here in Michigan and beyond,” said Tracy Graham, CEO, Aunalytics. “I want to thank our team members for their dedication and drive to give each and every customer the assurance of quality data they can trust along with actionable analytics to make the most accurate decisions for their businesses while increasing customer satisfaction and competitive advantage.”

The Michigan 50 Companies to Watch are known for making a substantial economic impact and have proven that with this year's nominations totaling 559. This year has challenged businesses due to COVID-19, but many have proven to be valiant and continue to impact Michigan’s economy despite the obstacles they have faced. Out of the applicants for this year's gala each demonstrated innovation and growth, helping their small business create change in communities around Michigan.

“Small businesses create significant economic impact in communities all across Michigan,” said Josh Hundt, Chief Business Development Officer and Executive Vice President at the Michigan Economic Development Corporation. “We are excited to acknowledge and celebrate more than 80 small businesses this year who have been selected by their peers, communities and small business support organizations and demonstrate the resiliency and impact of Michigan small businesses.”

Companies nominated for the Michigan 50 Companies to Watch award must be second-stage companies, defined as having six to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants. Additionally, the companies must be privately held and headquartered in Michigan.

Each nominee is evaluated based off of intent and capacity to grow such as:

  • Employee or sales growth
  • Exceptional entrepreneurial leadership
  • Sustainable competitive advantage
  • Other notable factors that showcase the company's success

Michigan Celebrates Small Business hopes to celebrate small business success in-person at the Breslin Center in East Lansing on July 20. At this time MCSB is planning for a hybrid approach to the celebration, offering a virtual and in-person experience. If an in-person gala is permitted, MCSB will comply with CDC, state and Michigan State University guidelines.

About Michigan Celebrates Small Businesses

Michigan Celebrates Small Businesses is a non-profit (501c3) organization that is composed of statewide founding organizations that provide small businesses with resources to help their company grow. MCSB has Since 2005, their awards gala has celebrated and honored the impact small businesses have on our communities and state. MCSB makes small businesses their priority and will continue to support, connect, and celebrate small businesses in Michigan.

Michigan Celebrates Small Business is a partnership of the Michigan Economic Development Corporation, Edward Lowe Foundation, Small Business Association of Michigan, U.S. Small Business Administration, Michigan Business Network and the Michigan Small Business Development Center.

Kinexus Group is the Managing Partner of 2021 Michigan Celebrates Small Business gala.

Information about Michigan Celebrates Small Business can be found at www.MichiganCelebrates.org

Tweet this: Naveego Recently Acquired by Aunalytics Honored as a 2021 Michigan Celebrates Awardee! #Dataplatform #Dataanalytics #Dataintegration #Dataaccuracy #ArtificialIntelligence #AI #Masterdatamanagement #MDM #DataScientist #MachineLearning #ML

About Aunalytics

Aunalytics is the data platform company delivering answers for your business. Aunalytics provides Insights-as-a-Service to answer enterprise and midsized companies’ most important IT and business questions. The Aunalytics® cloud-native data platform is built for universal data access, advanced analytics and AI while unifying disparate data silos into a single golden record of accurate, actionable business information. Its DaybreakTM industry intelligent data mart combined with the power of the Aunalytics data platform provides industry-specific data models with built-in queries and AI to ensure access to timely, accurate data and answers to critical business and IT questions. Through its side-by-side digital transformation model, Aunalytics provides on-demand scalable access to technology, data science, and AI experts to seamlessly transform customers businesses. To learn more contact us at +1 855-799-DATA or visit Aunalytics at https://www.aunalytics.com  or on Twitter and LinkedIn.

 

PR Contact:

Sabrina Sanchez
The Ventana Group for Aunalytics
(925) 785-3014
sabrina@theventanagroup.com

 

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CULytics Q&A with Aunalytics and Communication FCU

2021 CULytics Virtual Summit

March 29 to April 1, 2021

6th Annual CULytics Virtual Summit Gold Sponsor

Q&A with Rich Carlton and Benjamin Smith

CULytics Q&A with Aunalytics and Communication FCU

Want to learn how to leverage your data to win against national banks? Watch our Q&A video!

Community Credit Unions will not “out tech” large banks and fin-techs on their own. The competitive advantage via local, personalized, white-glove service is being diminished as member interactions become more digital. However, with the right partners Community Credit Unions have an opportunity to thrive by re-defining the local experience with digitally transforming how you operate. Learn how you can leverage your local knowledge with personalized customer intelligence using the right data analytics.

Rich Carlton leads Aunalytics as President and Chief Revenue Officer after twenty-five plus years of leadership experience in data and technology-based businesses.

Ben Smith, Business Intelligence Analyst at Communication Federal Credit Union, has 20 years of experience in the CU industry.

CULytics & Aunalytics

Aunalytics is proud to work together with CULytics to educate the Credit Union industry on the value of their data and drive real outcomes.

CULytics provides thought leadership & expert advice to the credit union industry. Credit Unions are able to advance the knowledge of data driven digital transformations and harness opportunities to create delightful customer experience and grow revenue.

CULytics hosts an annual Credit Union Analytics Summit. The Summit attracts some of the biggest, most influential, and progressive credit unions from around the country. Hundreds of data leaders, executives, and C-Level members discuss critical developments and perspectives in the field of data analytics. It covers strategic, operational, and technical topics that help Credit Unions define and execute their data vision.


Aunalytics Acquires Naveego to Expand Capabilities of its End-to-End Cloud-Native Data Platform to Enable True Digital Transformation for Customers

Naveego Data Accuracy Platform Provides Comprehensive Data Integration, Data Quality, Data Accuracy and Data Governance for Enterprises to Capitalize on Data Assets for Competitive Advantage

South Bend, IN (February 22, 2021) - Aunalytics, a leading data platform company, delivering Insights-as-a-Service for enterprise businesses today announced the acquisition of Naveego, an emerging leader of cloud-native data integration solutions. The acquisition combines the Naveego® Complete Data Accuracy Platform  with Aunalytics’ AunsightTM Data Platform to enable the development of powerful analytic databases and machine learning algorithms for customers. 

Data continues to explode at an alarming rate and is continuously changing due to the myriad of data sources in the form of artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), mobile devices and other sources outside of traditional data centers. Too often, organizations ignore the exorbitant costs and compliance risks associated with maintaining bad data. According to a Harvard study, 47 percent of newly created records have some sort of quality issue. Other reports indicate that up to 90 percent of a data analyst’s time is wasted on finding and wrangling data before it can be explored and used for analysis purposes.   

Aunalytics’ Aunsight Data Platform addresses this data accuracy dilemma with the introduction of Naveego into its portfolio of analytics, AI and ML capabilities. The Naveego data accuracy offering provides an end-to-end cloud-native platform that delivers seamless data integration, data quality, data accuracy, Golden-Record-as-a-ServiceTM and data governance to make real-time business decisions for customers across financial services, healthcare, insurance and manufacturing industries.

Aunalytics will continue to innovate advanced analytics, machine learning and AI solutions including the company’s newest DaybreakTM offering for financial services. Unlike other “one-size-fits-all” technology solutions, Daybreak was designed exclusively for banks and credit unions with industry specific financial industry intelligence and AI built into the platform. Daybreak seamlessly converts rich, transactional data for end-users into actionable, intelligent data insights to answer customers most important business and IT questions.  

“I’m extremely excited to be leading this next chapter of innovation and growth for Aunalytics and to provide our customers with a new era of advanced analytics software and technology service coupled with Naveego’s data accuracy platform,” said Tracy Graham, CEO, Aunalytics. “Now enterprises have the assurance of data they can trust along with actionable analytics to make the most accurate decisions for their businesses to increase customer satisfaction and shareholder value.”

Tweet this: .@Aunalytics Acquires Naveego to Expand Capabilities of its End-to-End Cloud-Native Data Platform to Enable True Digital Transformation for Customers #DataPlatform #DataAnalytics #DataIntegration #DataAccuracy #ArtificialIntelligence #AI #MasterDataManagement #MDM #DataScientist #MachineLearning #ML

About Aunalytics

Aunalytics is the data platform company delivering answers for your business. Aunalytics provides Insights-as-a-Service to answer enterprise and midsized companies’ most important IT and business questions. The Aunalytics® cloud-native data platform is built for universal data access, advanced analytics and AI while unifying disparate data silos into a single golden record of accurate, actionable business information. Its DaybreakTM industry intelligent data mart combined with the power of the Aunalytics data platform provides industry-specific data models with built-in queries and AI to ensure access to timely, accurate data and answers to critical business and IT questions. Through its side-by-side digital transformation model, Aunalytics provides on-demand scalable access to technology, data science, and AI experts to seamlessly transform customers businesses. To learn more contact us at 1-855-799-DATA or visit Aunalytics at http://www.aunalytics.com  or on Twitter and LinkedIn.

PR Contact: 

Sabrina Sanchez
The Ventana Group for Aunalytics
(925) 785-3014
sabrina@theventanagroup.com


Daybreak Analytic Database

Daybreak: A Foundation for Advanced Analytics, Machine Learning, and AI

Financial institutions have no shortage of data, and most know that advanced analytics, machine learning, and artificial intelligence (AI) are key technologies that must be utilized in order to stay relevant in the increasingly competitive banking landscape. Analytics is a key component of any digital transformation initiative, with the end goal of providing a superior customer experience. This digital transformation, however, is more than simply digitizing legacy systems and accommodating online/mobile banking. In order to effectively achieve digital transformation, you must be in a position to capitalize one of your greatest competitive assets—your data.

However, getting to successful data analytics and insights comes with its own unique challenges and requirements. An initial challenge concerns building the appropriate technical foundation. Actionable BI and advanced analytics require a modern specialized data infrastructure capable of storing and processing a large magnitude of transactional data in fractions of a second. Furthermore, many financial institutions struggle not only with technical execution, but also lack personnel skillsets required to manage an end-to-end analytics pipeline—from infrastructure to automated insights delivery.

In this article, we examine some of the most impactful applications of advanced analytics, machine learning, and AI for banks and credit unions, and explain how Daybreak for Financial Services solves many of these challenges by providing the ideal foundation for all of your immediate and future analytics initiatives.

Machine Learning and Artificial Intelligence in the Financial Industry

Data analysis provides a wide range of applications that can ultimately increase revenue, decrease expenses, increase efficiency, and improve the customer experience. Here are just a few examples of how data can be utilized within the financial services industry:

  1. Inform decision-making through business intelligence and self-service analytics:

While banks and credit unions collect a wide variety of data, traditionally, it has not always been easy to access or query this data, which makes uncovering the desired answers and insights difficult and time-consuming. With the proper analytics foundation, employees across the organization can begin to answer questions that directly influence both day-to-day and long-term decision-making.

For example, a data-informed employee could make a determination on where to open a new branch based on where most transactions are taking place currently, or filter customers by home address. They could also determine how to staff a branch appropriately by looking at the times of day that typically have the most customer activity, and trends related to that activity type.

  1. Improve collection and recovery rates on loans:

By implementing pattern recognition, risk and collection departments can identify and efficiently target the most at-risk loans. Loan departments could also proactively reach out to holders of at-risk loans to discuss refinancing options that would improve the borrower’s ability to pay and decrease the risk of default.

  1. Improve efficiency and effectiveness of marketing campaigns:

Banks and credit unions can create data-driven marketing program to offer personalized services, next-best products and improve customer onboarding, by knowing which customers to reach out to at the right time. Data-driven marketing allows financial institutions to be more efficient with their marketing dollars and track campaign outcomes better.

  1. Increased fraud detection abilities

Unfortunately, fraud has become quite common in the financial services industry, and banks and credit unions are investing in new technologies to fight it. Artificial intelligence can be used to detect triggers that indicate fraud in transactional data. This gives institutions the ability to proactively alert customers of suspected fraudulent activities on their accounts to prevent further loss.

These applications of machine learning and AI simply scratch the surface of what outcomes can be achieved by utilizing data, but they are not always easy to implement. Before a financial institution can embark on any advanced analytics project, they must first establish the appropriate foundational analytics infrastructure.

Daybreak is a Foundational Element for Analytics

There are many applications for analytics within the financial services industry, but the ability to utilize machine learning, AI, or even basic business intelligence is limited by data availability and infrastructure. One of biggest challenges to the achievement of advanced analytics initiatives is collecting and aggregating data across multiple disparate sources, including core data. In order to make truly proactive decisions based on data, these sources need to be updated regularly, which is a challenge unto itself.

Additionally, this data needs to be aggregated on an infrastructure built for analytics. For example, a banking core system is built to record large amounts of transactions and is designed to be a system of record. But it is not the optimal type of database structure for analytics.

To solve these challenges, Aunalytics has developed Daybreak, an industry-intelligent data mart built specifically for banks and credit unions to access and take action on the right data at the right time. Daybreak includes all the infrastructure components necessary for analytics, providing financial institutions with an up-to-date, aggregated view of their data that is ready for analysis. It offers users easy-to-use, intuitive analysis tools for people of all experience levels—industry-specific pre-built queries, the Data Explorer guided query tool, or the more advanced SQL Builder. Daybreak also provides easy access to up-to-date, accurate data for more advanced analytics through other modeling and data science tools.

Once this infrastructure is in place, providing the latest, analytics-ready data, the organization’s focus can shift to implementing a variety of analytics solutions, such as advanced KPIs, predictive analytics, targeted marketing, and fraud detection.

Daybreak Uses AI to Enhance Data for Analysis

In addition to providing the foundational infrastructure for analytics, Daybreak also utilizes AI to ensure the data itself is both accurate and ready for analysis. Banks and credit unions collect large amounts of data, both structured and unstructured. Unfortunately, unstructured data is difficult to integrate and analyze. Daybreak uses industry intelligence and AI to convert this unstructured data into a structured tabular format, familiar to analysts. To ensure accuracy, Daybreak utilizes AI to perform quality checks to detect anomalies as data is added or updated.

This industry intelligence also allows Daybreak to create Smart Features from existing data points. Smart Features are completely new data points that are engineered to answer actionable questions relevant to the financial services industry.

Banks and credit unions are fortunate to have a vast amount of data at their disposal, but for many institutions, that data is not always easily accessible for impactful decision-making. That is why it is necessary to build out a strong data foundation in order to take advantage of both basic business intelligence and more advanced machine learning and AI initiatives. Daybreak by Aunalytics provides the ideal, industry intelligent foundation for financial institutions to jump start their journeys toward digital transformation, with the tools they need in order to utilize data to grow their organizations.