Data costs rose in 2024, but so did mitigation tools and strategies
Under pressure to rein in data spend at a time when prices and data usage are increasing, data managers are using a combination of established tactics and new tools to battle rising costs.
The cost to financial firms of buying market data continued to rise in 2024, exacerbated by particularly high increases in 2023, and by suppliers using confusing pricing and discount tactics to muddy the waters—and that’s before taking into account the cost of associated technology platforms; European consolidates tapes, when they come into effect; and cloud, on which firms are wary of overspending.
According to research firm Burton-Taylor International Consulting, data costs rose 12.4% last year
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