Anand Adusumilli with Equabli, Inc. featured on Executive Spotlight

As the head of data science & analytics at Equabli, Anand Adusumilli and the team aim to empower lenders, fintechs, debt buyers & debt servicers with a seamless high-tech end-to-end recovery strategy management platform. “Advanced analytics and machine learning are at the heart of Equabli’s core tech, helping us optimize every decision. This data-driven culture/mindset is at the forefront of our value proposition, so I am here to help deliver that vision,” said Anand.

The team dynamic and the value proposition we are trying to create for the industry are very motivating and exciting. We are envisioning a strong data-first, tech-forward product that can enhance the overall debt recovery value chain. All of us are trying to nurture a very unassuming work culture to enable us to innovate, build and operate in a frictionless environment. It’s very rewarding to be part of such a team.

“Data is the new oil” was quoted more than a decade ago everywhere, and data now powers every industry; but if left unrefined, it’s worthless. I think the debt recovery space adapted a bit slowly to this paradigm. That being said, distressed receivables consumer behavior is one of the hardest problems to understand and act upon. Data harnessed properly can help assemble the insights needed to transform our recovery strategies to be very effectively aligned to our customer and business needs. I see an emerging trend of corporate-wide adoption of this data-driven culture, as it is being recognized as the fundamental framework that every business in our industry needs to be built upon. This change in strategic thinking can surely shape our industry in the near future, putting data/tech at the forefront of the business model, customer experience and overall recovery process.

In the past, the recovery industry treated data/analytics as a value-add to the overall business. Now I think most of them are recognizing the need to seep data into their organizational DNA and build a data-driven work culture that can impact every decision-making process. In the next 5 years, I feel strongly that the businesses that don’t think and act upon the perspectives their data/analytics insights provide will quite frankly be left behind. If you don’t use data in every key decision and don’t invest in data-driven thinkers and leaders, it will become very hard to compete and flourish in this space.

For me, it’s pretty simple. If you can enjoy what you do and you do what you enjoy, results should usually follow. As long as the journey can create value for those around you and yourself, you can feel the success all along the way, and that’s very rewarding to me.

To find your own path. And wherever it takes, enjoy the journey.

Create your own perspective of the work you do here. Helping distressed consumers manage their debts is one of the toughest jobs in the consumer financial services industry, so be customer-centric, be part of the solution and contribute to a positive work culture.

I would like to think the biggest accomplishments are yet to come. :) I am certainly proud of all the relatively big or small successes I had so far in my professional career and personal life to get here, but I treat them as milestones and think I have more to offer and achieve. I am quite proud of my family/friends and the relationships I have been fortunate to build.

I am more into reading educational articles and watching documentaries and TED talks. I read a lot on Medium and Vox and I follow a couple of chief economist’s podcasts out of Australia to gain a sense of the overall economy. In general, topics related to AI, Sci-Fi, human philosophy, economic theories, and any content that helps me shape my worldview and broaden my perspective pique my curiosity. I also read social behavior studies and am curious about human decision-making in social and financial domains.

The job of an investment banker or a policy maker might be cool to try out. :) Roles that can impact and add value to a lot of people are very challenging and fulfilling.

I have had a few serious hobbies that could have led me to different paths in life if my younger self made different choices. I am an avid sports fan and played cricket at the college level. I have also studied and explored filmmaking as a serious hobby in the past.