We were excited to see everyone at the ELFA events, and now we’re heading to Nashville for NEFA. For those who can’t make a conference migration this year, please visit tamarack.ai to learn more about how we can help you bring your company’s future to life.
Hello fall – hello migration! October 2022 Newsletter
Hi everybody,
For me the best part of fall is watching how life changes around us here in the Midwest. The leaves change color, the air becomes crisp and waterfowl begin their migration south. It also signals that it’s time for our migration to ELFA Ops & Tech, the ELFA Annual Convention and the NEFA Funding Symposium.
For the past two years, Tamarack has had the opportunity to sponsor the ELFA Annual Convention lanyard, and it was wonderful to see our brand so visible at the events. This year, however, the lanyard presented a slight change in that branding: We introduced our new suite of AI products and the domain, tamarack.ai.
Tamarack.ai is not just a new web address. It’s a reflection of our commitment to the evolution of Tamarack as an organization. Tamarack.ai casts our vision for how we will continue to support the equipment finance industry through products and services into the future. We believe that the application of AI technology will streamline workflows and enhance customer service across the industry, increasing performance and productivity to make equipment finance organizations more efficient and effective.
We were excited to see everyone at the ELFA events, and now we’re heading to Nashville for NEFA. For those who can’t make a conference migration this year, please visit tamarack.ai to learn more about how we can help you bring your company’s future to life.
Solifi Originations system (formerly known as Rapport or ROS) provides users with the ability to customize their experiences. In this Trail Mix installment, we look at how to tailor Originations preferences to suit individual needs.
In this installment, meet one of the recent additions to the Tamarack professional services team – senior developer Jeremy Koenen. Like many members of the Tamarack team, Koenen is an outdoor enthusiast, which isn’t a surprise given that he grew up hunting, farming and exploring his family’s 40 acres.
We are headed to “Music City” next week for the annual NEFA Funding Symposium (Nov. 2-4). Stop by our booth (#55) to learn about Tamarack’s suite of AI products and meet members of our team – founder and CEO Daniel Nelson, Director of SaaS Products Tim Appleget, Director of Sales Andrew Hedstrom and Data Analyst Aaron Jackson. If you’d like to set up a time to discuss how Tamarack can help your business, contact us at discover@tamarack.ai.
In support of the company’s vision for the future of equipment finance, Tamarack has announced a new domain – tamarack.ai. The change follows the launch of the company’s suite of artificial intelligence (AI) products earlier this year and reflects Tamarack’s focus on the application of AI and automation within the equipment finance industry.
Unlocking the potential of dark data is the focus of the first in our new series of whitepapers on the application of AI in the equipment finance industry. Entitled “Dark Data: A foundation for sustaining competitive advantage,” the piece discusses how dark data can be a competitive differentiator and how lessors can leverage it to outpace the competition. The paper is available for free download at tamarack.ai/whitepapers.
With so much talk about AI, it isn’t a surprise some companies feel overwhelmed and lack a clear strategy for how their organizations can benefit from AI and automation. Recently Dr. Scott Nelson, president and chief digital officer of Tamarack, and Dr. Timothy Chou, lecturer at Stanford University and author of the book: Precision: Principles, Practices and Solutions for the Internet of Things, sat down with Equipment Finance Advisor to discuss the benefits of implementing artificial intelligence and machine learning in any organization.
One of the biggest fallacies about AI is that the technology will take the place of humans in the workplace. But the truth is that AI is making employees more productive and companies more competitive. In an article for Monitor, Scott Nelson outlines how AI is increasing the productivity of people and processes in equipment finance. And as the Jevons paradox predicts, industry growth and hiring are already well underway. (Those just getting started with AI should plan to use any financial savings to hire recruiters.)
In digital transformation efforts, the most common good-enough challenge is this question: “Is our data good enough?” In his latest blog post, Scott Nelson discusses how technology is constantly increasing the precision, availability and speed with which data is generated in our world and that entirely new types of data sources are regularly emerging. According to Nelson, “This maelstrom of change can be intimidating, but the good news is that your data is ‘good enough’ to get started.”
Change and risk go hand in hand. Whether it’s evaluating new technology solutions or adopting innovative processes for better business intelligence, decisions to make a strategic change can inherently create risk. Recently Scott Nelson discussed the topic with John Wessinger, author of Ride the Wave: How to Embrace Change and Create a Powerful New Relationship with Risk. In this blog post, we share excerpts from their conversation, along with key takeaways that can help equipment finance leaders explore strategic risk within their business.
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