Enterprise Data Management special report
Click here to download the PDF
Flying Vs
The deployment of big data resources for the purpose of enterprise data management (EDM) has made inroads for EDM, but is not completely driving it, as MarkLogic's Ken Krupa tells us in the Virtual Roundtable in this report. The "three V" concept-meaning volume, velocity and variety as descriptions of data big flows that have proved challenging for EDM-has been magnified, as Krupa puts it.
The magnified "three Vs" are driving adoption of EDM programs, because they erode data quality and increase the importance of accurate data provenance and boundary information. EDM, in effect, is another means to pursue centralization of data (see "Centralization Takes Center Stage," the column in our regular issue this month). Centralization breeds efficiency in the EDM realm and addresses the data industry driver of creating clean golden copies of data.
Aside from lowering costs, EDM users are also seeking a better take on the impact of bad data, on how a single security's price may affect a fund, and on understanding how business decisions are affected by data, according to Eagle Investment Systems' Robert Brachowski. That includes gaining intelligence on opportunities and risk. EDM systems should include execution management and data inquiries capabilities, says J.P. Morgan's Ludwig D'Angelo. Aligning data correctly is another function for the EDM model to address, says Citi's John Carney. One static data governance strategy is not enough to follow a complex data governance policy, according to Brachowski.
While the data available for EDM may be taking off on the power generated by the "three Vs," many in the industry see EDM's strength in possibilities such as data alignment and centralization, not necessarily in addressing the "three V" whirlwind. The participants in the Roundtable in this report consider how EDMs themselves continue to exist with the range of challenges now involved.
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: https://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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
50% of firms are using AI or ML to spot data quality issues
How does your firm stack up?
FCA files to lift UK bond tape suspension, says legal claims ‘without merit’
After losing the bid for the UK’s bond CT, Ediphy sued the UK regulator, halting the tape’s implementation. Now, the FCA is asking the UK’s High Court to end the suspension and allow it to fight Ediphy’s claims in parallel.
Waters Wavelength Ep. 339: Northern Trust Asset Management’s Jan Rohof
This week, Jan Rohof from Northern Trust Asset Management joins to discuss how asset managers and quants get more context from data.
Tokenization & Private Markets: Where mixed data finds a needed partner?
Waters Wrap: Reading the tea leaves, Anthony predicts BlackRock’s Preqin deal, Securitize’s IPO, and numerous public comments from industry leaders are just the tip of the iceberg.
Plaintiffs propose to represent all non-database Cusip licensees in last 7 years
If granted, the recent motion for class certification in the ongoing case against Cusip Global Services would allow end-user firms and third-party data vendors alike to join the lawsuit.
New horizons: What the Nordic Cap-BMLL tie-up hints at for market data’s future
The IMD Wrap: Reb looks at Nordic Capital’s announcement last week of it purchasing BMLL to read some tea leaves.
Former Neudata employee sues for discrimination
The former head of ESG and macro data has claimed unlawful discrimination in violation of New York laws, while Neudata “strongly” disputes the allegations.
