Are Utilities Changing Data Management?

Buy-side firms consider shared services as sell-side adoption increases

chris-sherman-goldman-sachs
Chris Sherman, vice president, Goldman Sachs

While third-party shared services for reference data have existed in one form or another for years, the concept of data utilities has really gained traction in financial services in the past two years.

At a time when the sell side is under increasing regulatory and cost pressures, utilities offer the promise of mutualizing the cost of reference data. But are they being adopted as readily as the vendors that offer them would like to have you believe? And how are they affecting data management in