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Prediction

The next stage in equipment finance automation

Like other service industries, equipment finance started its automation journey in the early 1980s with software. The increase in computational power at ever lower costs enabled companies to automate calculations, communications and eventually transactions with partners and customers. But highly regulated industries like healthcare and finance held on to paper documents and human engagement much longer than other industries - retail, manufacturing and agriculture exponentially increased productivity with automation as a result of digital technology. The good news is that equipment finance has continued its digital journey and gathered tremendous amounts of data along the way. Equipment finance companies today still have disparate data streams and as a result, struggle with both comprehensive business intelligence and how to use that data. But the combination of an enterprise’s dark data with modern, open, cloud- based software platforms including machine learning and AI tools will enable finance companies to enter the next phase of automation: prediction. performance.

 Download the Prediction Automation Whitepaper


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Dark Data

A foundation for sustaining competitive advantage

Equipment finance companies today are flush with opportunities presented by data. Digital origination, contract servicing, and accounting systems have gathered data on business-critical outcomes like underwriting, funding, and payment delinquency for as many as thirty years for some companies. Most of this data is dark – rarely accessed or used by management in daily operations – even though it holds the historical record of the competitive success of the business strategy. The modern tools of machine learning and AI are ready to exploit dark data to improve competitive advantage and overall business performance.

 Download the Dark Data Whitepaper

Irrefutable Inspiration

  If you can’t measure it, you can’t manage it.  

Peter Drucker

  If you can’t measure it, you can’t improve it.  

Lord Kelvin

  There is nothing so useless as doing efficiently something that should not have been done at all.  

Peter Drucker

  Improved productivity means less human sweat, not more.  

Henry Ford

  Strategy is about setting yourself apart from the competition.  

Michael Porter

  Strategy is about making choices, trade-offs; it's deliberately choosing to be different.  

Michael Porter

  The only sustainable competitive advantage is an organization’s ability to learn faster than the competition.  

Peter Senge

  People don’t buy what you do. They buy why you do it.  

Simon Sinek

  The best way to predict the future is to create it.  

Peter Drucker

  What good is an idea if it remains an idea? Try. Experiment. Iterate. Fail. Try again. Change the world.  

Simon Sinek

  A learning organization is an organization that is continually expanding its capacity to create its future.  

Peter Senge

  Anyone who has never made a mistake has never tried anything new.  

Albert Einstein

 
 
 

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