Best enterprise data management provider/vendor—S&P Global Market Intelligence

Product overview—EDM

EDM is S&P Global’s flagship enterprise data management platform. It is used by more than 200 organizations on both sides of the industry to help them optimize their data use and streamline their operations by collating disparate data types from multiple sources into a centralized data hub. This transparent, traceable and validated data is available to users across the organization, underpinned by the firm’s Data Dictionary—S&P Global’s “data catalogue”—designed to surface all data within the organization to its various users.

The solution

EDM is a mature data management platform refined over more than 15 years, with fast implementation, high levels of flexibility, competitive total cost of ownership and built-in functionality, allowing it to manage multiple data formats. It is an integrated platform that helps eliminate internal and external data silos, and provides simplicity and efficiency in operating models. Fed by S&P Global’s datasets and the firm’s expertise across complex markets such as environmental, social and governance (ESG), and private markets, EDM is designed to address clients’ evolving data management needs.

Recent milestones

• Outsourcing: New data management-as-a-service (DMaaS) offering, providing users with the option of outsourcing data management and operations to S&P Global.
• Entity matching: New service that features artificial intelligence-driven cross-referencing and classification standards to match entities across public and private markets.
• Sustainability: Integrated with in-house and third-party data sources, S&P Global now provides ESG‑as‑a‑service, helping clients aggregate and access sustainability data and comply with specific regulations.

Future objectives

• No-code/low-code: Allows business users and data stewards to define dashboards, data quality rules and metrics, and apply these to EDM datasets using no code.
• Private markets: Extend the DMaaS offering to provide a holistic view across private and public markets addressing complex data collection and mapping challenges.
• Preconfigured module: Deliver out-of-the box applications with tailored data models and standard data adapters based on S&P Global’s best practice workflows.

Why S&P Global won

It’s difficult to know what to write about EDM that hasn’t already been written. Little did we know that, when EDM—originally known as Cadis and owned by London-based Citadel Associates—won its first WatersTechnology award back in 2007, it would go on to dominate the annual Buy-Side Technology Awards and the buy-side data management market, initially in the UK and Europe, but also across North America. It has since moved on to the sell side and emulated its initial buy-side success. It’s fair to say that no other product in the financial services industry has been as successful as EDM in these and other WatersTechnology awards. EDM really does set the standard, not only for data management tools, but for pretty much all technologies and services across the entire industry. The combined offering of EDM and the firm’s Data Dictionary, with the added bonus of multiple hosting/delivery mechanisms including a new data management-as-a-service offering, makes for a highly compelling data management suite.