Briefs

By Jeff Kelly, 20 Nov 2008 | SearchDataManagement.com

... Many bankers simply ignored credit scoring models and other risk-based analysis, or adjusted mortgages and other financial products to make low credit scores less of a deciding factor, in an attempt to cash in on the false belief that housing prices would continue to rise, according to Dana Wiklund, research director for portfolio and risk management with research firm Financial Insights, based in Framingham, Mass.

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But while data analytics, or a lack thereof, helped create the current economic crisis, better risk-based data analytics and business intelligence (BI) tools could help end it too. "Data analytics played a material role in getting us into the [economic] mess we're in," Wiklund said, "and it will play a material role in getting us out of this mess."

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