IoT

Doing Digital Strategic Planning? Ask Questions Posted by Scott Nelson in Perspectives on 11/1/2021 If you look deeper – behind the financials – at the factors that are influencing trends and transforming industry economics, strategic planning is much more than updating last year’s AOP. Read More

Spotlight: IDS, Tamarack Technology team to support equipment finance transformation Posted by Tamarack in Tamarack News and Updates on 9/6/2021 Two Twin Cities-based companies that help banks and other entities manage their lease portfolios — IDS and Tamarack Technology — are teaming up to support the digital transformation of the equipment finance industry. Read More

Putting the Customer First in a Digital World – Hint: Technology Can Help Posted by Scott Nelson in Perspectives on 8/25/2021 “Put the customer first” is a business fundamental as old as the occupations of baker, brewer and candlestick maker. But our relationships with customers have changed dramatically since the time of town square markets. Thanks to exponential technologies like the Internet, social media, software-as-aservice and the Internet of Things (IoT), change is accelerating dramatically and the world of equipment finance is no different than other industries. We too are having to keep up with change and one could even say we have been behind given our anxiety around fintechs, cybercurrencies and new ecommerce competitors. Read More

Growing the Power of the Invoice with Digital Transformation Posted by Scott Nelson in Perspectives on 8/17/2021 The equipment finance industry “owns the invoice,” putting lessors at the nexus for helping customers connect among a growing list of sectors. Scott Nelson details the steps necessary for defining the good, the bad and the ugly for invoice methods and techniques. Read More

Reliance Bank Taps Tamarack’s Scott Nelson for Advisory Board Posted by Tamarack in Tamarack News and Updates on 7/7/2021 St. Paul, Minn. (July 7, 2021) —Tamarack Technology, Inc., a leader in providing independent software solutions in the equipment finance and commercial lending industry, is proud to announce that its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault, Minn.-based Reliance Bank. In his role on the advisory board, Nelson will provide Reliance with guidance on adoption and advancement of digital technology. Read More

The Internet of Things is now about people – generations of people Posted by Scott Nelson in Perspectives on 6/22/2021 Business consultants and operational leaders have a focus on two big promises of IoT: cost reduction through automation and better asset management. Both are delivered and propagated by the analysis of data that IoT edge devices generate from the value chains of enterprise operations. But this view has a pronounced blind spot, the fact that IoT success will be driven by dramatic demographic shifts. Read More