Firms Strive To Channel Data Into Intelligent Insights

Providers and consultants describe an 'evolution' of stored raw data into prescriptive 'intelligence'

Robert Hegarty, president, Olmstead Associates

Efforts to gain greater insights from data by making it "more intelligent" as it is gathered, reconciled and analyzed continue to evolve in the financial services industry, according to experts from service providers and consultants who discussed this trend at the 22nd annual ISITC Industry Forum and Vendor Show in Boston in March.

"Every firm is at a different stage in this evolution," said Robert Hegarty, president of consulting firm Olmstead Associates. "These range from raw data and having a