Do right by your data and your data will do right by you

first_imgApart from a credit union’s members, the member data it stores in multiple systems and databases represent its next most valuable asset. But some credit unions may struggle to successfully find, manage and leverage the value of the vast amount of data they store. Organizations face impacts today that were not imagined in prior strategic planning cycles. Credit unions now see great value in raising the priority of proper data management in their business strategies.Your data must be trustworthy. This is important in normal times, but even more so in periods of unusually high stress. Credit unions have turned to data as the resource for mobilizing their efforts to ease members’ anxieties.Four Steps to Data Management MaturityA formalized data management practice helps credit unions apply a higher level of discipline to the business of keeping their data in good order. Credit unions can benefit from a consultation with a data management specialist who can apply a proven four-step process to assess a credit union’s data management maturity level: ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Russia Commits to Doping Rules

first_imgMOSCOW— Russia said Friday it will follow any recommendations from the World Anti-Doping Agency to clean up its own troubled drug-testing body.A WADA commission’s report this month accused the Russian anti-doping agency, RUSADA, of covering up failed drug tests by top athletes. RUSADA was suspended by WADA following the report’s publication.Russian Sports Minister Vitaly Mutko met WADA director general David Howman in Germany on Thursday.According to an account of the meeting posted by the ministry, Mutko said Russia would “follow all recommendations from WADA aimed at the necessary transformations in the activities and structure of RUSADA.”In a statement on the WADA website, Howman said Russia still had a long way to go.“WADA is pleased with the assurances provided by Minister Mutko to address the issues raised in WADA’s Independent Commission Report,” Howman said. “There is, however, still much work to be done by RUSADA. … It is imperative that Russia’s anti-doping program be overhauled in order to protect the rights of clean athletes worldwide and to re-establish public confidence in Russian athletics.”Russia’s track and field team was also suspended this month by the IAAF and could miss next year’s Olympics in Brazil.TweetPinShare0 Shareslast_img read more

Vedanta logs Q1 profit of Rs 1351 cr

first_imgNew Delhi: Mining baron Anil Agarwal-led Vedanta Ltd Friday posted an 11.8 per cent decline in consolidated profit at Rs 1,351 crore for the quarter ended June 30, 2019, mainly on the back of decline in commodity prices. The company had posted a consolidated profit “attributable to owners of Vedanta Ltd” of Rs 1,533 crore in the year-ago period, Vedanta said in a BSE filing. Consolidated income dropped to Rs 21,754 crore in April-June 2019, from Rs 22,624 crore in the year-ago period. Also Read – Thermal coal import may surpass 200 MT this fiscalVedanta’s Chief Executive Officer Srinivasan Venkatakrishnan, at the post-earnings conference call, said the primary reason for the drop in profit was decline in commodity prices. In a statement, the company said its “Attributable PAT (was) at Rs 1,351 crore, down 12 per cent Y-o-Y. “We continue to strengthen our position as one of the largest diversified natural resource businesses in the world with our strategy focused on value-added growth. Our businesses stayed resilient in a quarter with low commodity prices and uncertain market environment and we continued to ramp up across the key verticals, zinc & oil & gas,” Venkatakrishnan said. “Silver is outperforming as we climb up the ranks among the top global silver producers. Aluminium business is steadily moving towards its target cost,” he said. The company’s gross debt stood at Rs 59,517 crore. The company said it has a strong financial position with total cash and liquid investments of Rs 30,774 crore.last_img read more