APFIC Panel: Buy Side: Complexity, Cost Top Asia Data Challenges

Cost control continues to be a major challenge for buy-side firms. "We have a lot of conversations with clients about what they need, and about decommissioning what they are not using-understanding who is using what, and how much it costs," said Tom Gooding, vice president of Asia sales at Rimes Technologies. "One asset manager told us that for every dollar spent on licensing data, it spends $3 more internally on managing that data."

In some areas where cost is spiraling, firms may actually