Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations continue to expand and new markets produce a growing influx of data for companies to collect, transmit and store, companies must create lean, efficient structures for data governance that can be applied to all parts of the business. The need for clear lines of data communication, both internally and externally, will only continue to increase. Acknowledging this, some financial firms have already embarked on a mission to re-examine their data infrastructure and create strategies for modernization.
This exclusive WatersTechnology white paper based on the results of senior data management executives from financial organisations across the world about data infrastructure examines the current state of data infrastructure at participating companies, as well as respondents' thoughts on future needs and concerns in this area of their businesses.
The results of the survey showed that the need for simplification of such structures has indeed been recognized at many companies but that strategies for addressing this issue are at various stages of completion within the companies of those who participated in the survey.