As Data Deluge/New Regs Take Hold, More Firms Looking to Hosted Solutions
In a recent Forrester survey of nearly 200 North American firms, half of respondents say they plan to use hosted compliance solutions by the end of next year. Harald Collet, product head of Bloomberg Vault, says that more buy-side firms are turning to hosted solutions in large part because they are struggling with how to deal with the proverbial data deluge.
"Our clients are facing a perfect storm where there is an information explosion, there is increased regulatory scrutiny, and there is
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