A recurring topic on Wall Street and in the City is the move to making data availability a "utility." And more and more often, this statement pops up in the context of reference data and back-office systems.
While the thought of moving away from the batch-based processing and silos of the past is compelling, the reality is quite different. For a start, making changes to a data infrastructure is not easy and involves a lot of risk. Experience shows that it's easy to talk about, but devilishly