Enterprise Data Management special report
Click here to download the PDF
EDM Comes of Age
This issue's hefty Virtual Roundtable features robust discussion by representatives of investment management firms and service providers both large and small. Participants confronted the influence of the "big data" buzzword in the EDM space, and present a picture of when and why firms choose to use EDM rather than more mature data management strategies.
EDM projects are becoming enterprise-wide, says Tony Brownlee of Kingland Systems. "The support for EDM in the past three to four years has shifted from divisional or department and become much more top-of-the-house focused." David Thomas of Barclays Capital echoes this, identifying implementation efforts and their relative speed as dependent on the maturity of data management teams. Those whose strategy depends on significant system improvement will need more time, and are clearly creating stronger services, standards and controls, he says.
"The foundation of any data management strategy and its implementation continues to be a strong governance and operating model," he says. "This enables easier stakeholder communication and buy-in and is critical to funding and implementation decisions." Barclays has invested a great deal over the past two years in data management platforms, and has seen first-hand the results of doing so: faster implementation of system changes and quicker responses to stakeholder needs and changing environments, according to Thomas.
However, challenges remain, and the panellists discuss ways to achieve an accurate data management plan that is fast enough, and definitely faster than those "mature" data management strategies. One thing they agree on: Everyone will have to do more with less.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Deutsche Börse democratizes data with Marketplace offering
Deutsche Börse Group is set to unveil its Marketplace, a one-stop data shop designed to simplify and streamline data acquisition and consumption for its clients, while also surfacing data from across the firm to its own users. Jan Stiebing and Sven…
DSB says industry is ready to meet UPI mandate ahead of deadline
The Unique Product Identifier will be required for certain OTC derivatives in the EU at the end of April, following US adoption in January.
Mapping a successful data journey: strategy, execution and sustainability
A well-planned data journey can positively impact an organization’s long-term trajectory. However, it is important to have clarity not only in the strategy but also in successful execution and sustainability for the long haul, argues data veteran Subbiah Subramanian.
The IMD Wrap: The growing data catalogue space
With their potential to manage costs and surface strategic datasets, it’s no wonder Max gets excited about data catalogs. This week, he takes a look at a new startup entering the space.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
The IMD Wrap: Taking stock of inventory management
With market data and associated costs typically representing a firm’s third-largest expense, there’s a lot of incentive to manage data and its usage more efficiently. Max flings open his fridge to illustrate what’s new in this space.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Sell-Side Technology Awards 2024: All the winners