Quality's Continuing Journey

The importance of high quality data will not recede under the influence of a new utility initiative emphasizing lower costs, data managers say

adrian-dokmecian-bmo
Adrian Dokmecian, data quality lead for hub and enterprise architecture, BMO Financial Group

The emergence of the sell side-backed SPReD (Securities Product Reference Data) utility initiative arguably means the industry's dominant train of thought for reference data operations is that cost savings and efficiency are more important than data quality.

Some data services providers and their consumers say, however, that older data operations procedures and methods still have value, and that data quality still retains importance, or should remain important.

"With the work that needs to be do

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