Tamarack Technology, a provider of software solutions to the equipment finance and commercial lending industries, promoted Scott Nelson, PhD, to president of the company. In addition to his duties as chief digital officer (CDO), Nelson will now be responsible for the company’s vision and strategic planning as well as business operations. Tamarack Technology founder Daniel Nelson will continue to serve as the company’s CEO and chairman of the board of directors.
In his dual role as president and CDO, Scott Nelson will focus on Tamarack Technology’s efforts to expand its impact through innovation with new system level products, design thinking and the application of new digital technologies, such as machine learning and artificial intelligence.
“Since Scott joined Tamarack, we have gone through a transformation,” Daniel Nelson said. “We’re still committed to creating and implementing solutions that enable lessors to realize greater value from their operations. But under Scott’s direction, we now have more tools and experience necessary to lead clients through their digitization journey to further drive value and efficiency through automation.”
Since joining Tamarack Technology as CDO in 2020, Scott Nelson has led efforts to refocus the business strategy around investment in digital technologies in order to provide greater value across the equipment finance industry. This included the expansion of the company’s infrastructure, technology offering and strategic partnerships with companies such as Solifi (formerly IDS) and Leasepath. Earlier this year, the company launched Tamarack.ai, a business intelligence and productivity platform that applies machine learning and AI to continuously and autonomously help institutions increase productivity while reducing capital risk through analysis and learning gained from operational data.
“Traditionally, the equipment finance industry has been slow to bring on technology, but that is changing,” Scott Nelson said. “With so much dark data hidden within an organization, it is a time when technology presents tremendous opportunities for growth and transformation. In my new role, I will be focused on marrying and delivering Tamarack’s legacy of customer service with the potential that technology presents for our customers and the industry.”
Scott Nelson joined Tamarack Technology with more than 30 years of product development, product management and entrepreneurial business growth experience as a technology and business leader. Prior to Tamarack Technology, he served as the chief product officer and vice president of product at Digi International, a provider of IoT products and services. In his role, he defined the business strategy to drive growth by working with customers and marketing to understand needs and trends.
After beginning his career at Honeywell in the corporate R&D center, Scott Nelson spent 15 years at Logic PD as CTO and executive vice president, helping hundreds of companies with business strategy and new product introductions. The Minneapolis-St. Paul Business Journal named Scott Nelson a “Titan of Technology” in 2015.
Scott Nelson currently serves on the board of Faribault, MN-based Reliance Bank and is an advisor to South Dakota-based First National Bank of Sioux Falls. Additionally, he advises technology startup companies and has been a mentor with Alchemist Accelerator since 2014.
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