Economic Trends

Big Data Helps Find Opportunity with Small Business Start-ups

Posted on Jul 01 2015 by

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If you were to survey American consumers whether or not they would like to be their own boss and successfully run their own business, I would imagine that a good majority would probably say yes. There is something empowering about the thought of setting your own hours and controlling your own destiny, but many people don’t actually take the steps to make that dream a reality.

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Fraud-prevention Best Practices for Online Merchants to Use for 2015 Holiday Season

Posted on Jun 25 2015 by

Today, Experian’s global Fraud and Identity business released its analysis of client transaction data from the 2014 holiday season, showing an 80 percent reduction in the number of manual reviews among online merchants using the company’s fraud and identity products and services compared with the industry average. These results and other observations indicate that a customer-centric approach to fraud prevention would be more effective for many online merchants, leading the company to recommend five best practices for online merchants preparing for the 2015 holiday season.

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Summer Study Finds Travelers Overspending, Left Open to Identity Theft Risks

Posted on Jun 17 2015 by

A recent study conducted by Experian showed that a majority of vacationers overspend their budgets and rely on credit cards to provide extra funds. At the extreme end, more than half of millennial vacationers (52 percent) lean heavily on their credit cards, racking up vacation debt they’ll be repaying long after their trip comes to an end.

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Automotive Finance Data Signals Good Times for the Market

Posted on Jun 10 2015 by

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Nowadays, whenever you hear news about the automotive industry, a negative tone tends to pop up. Whether it’s the increase in lending to subprime consumers, or the lengthening in loan terms, the stories lead one to believe that the industry is headed toward another “bubble.”

However, that’s not necessarily the case. When we look at the data, the automotive finance market actually demonstrates a strong industry as a whole.

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Trusted Data Creates Big Data Insight

Posted on Jun 09 2015 by

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The term big data tends to be overused in business today. While some refer to it as a technology and others a level of insight, it has come to embody many different data actions, from business intelligence, to analytics and data modelling.

We have become so obsessed with big data that we think we have to have this level of insight as a requirement to running a successful business.

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Linking Data Becomes the Biggest Challenge for Global Marketers

Posted on Jun 01 2015 by

Confronted with a vast amount of incoming data, today’s digital marketers are facing an on-going battle to keep up. According to Experian Marketing Services’ 2015 Digital Marketer Report, the biggest hurdles and key priorities for marketers this year are dependent on having accurate, enriched data that can be linked together in a central location for a complete customer view.

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Listen to the Data: What You Need to Know About Your HELOC End of Draw Period

Posted on May 27 2015 by

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The last decade was a tumultuous financial period for Americans.

In the mid-to-late 2000s, economic activity declined rapidly and marked the largest downturn since the Great Depression. It is estimated that Americans lost nearly $16 trillion of net worth during this time. To make matters worse, unemployment rates doubled. The booming U.S. housing market plummeted along with the stock market which caused a chain reaction in exposing significant flaws within the financial ecosystem.

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Credit and Your Home Purchase: Experian Survey Findings

Posted on May 27 2015 by

Buying a home is one of the best times to know about your credit. According to a recent survey by Experian, many of those in the market for a home already know the wisdom of credit score insight. However, only half of recent buyers said they checked their credit when they first considered purchasing a home.

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