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
S&P Global partners with IBM, Eventus launches Frank AI, Tradeweb expands algo execution abilities, and more
The Waters Cooler: Arcesium makes waves with Aquata Marketplace, NYSE Cloud flows into Blue Ocean Technologies, and more in this week’s news roundup.
Is market data compliance too complex for AI?
The IMD Wrap: Reb looks at two recent studies and an article by CJC, which cast doubt on AI’s ability to manage complexity.
Robinhood looks to ‘Chaos Monkey’ for op resilience playbook
As firms look to break down silos across business divisions to bolster operational resilience, the US broker is ditching emails, while utilizing chaos engineering and automating everything in sight.
Can AI be the solution to ESG backlash?
AI is streamlining the complexities of ESG data management, but there are still ongoing challenges.
Drilling down into data redistribution
A series of podcasts focusing on data redistribution across the financial services industry.
Will return-to-office mandates fuel market data brain drain?
The IMD Wrap: Increasingly, market data systems can be operated completely remotely. So, why are firms insisting that data professionals return to the office?
Industry vets ally to launch full-service data consultancy
The new company combines the skills and experience of individuals and firms that each serve different needs of the data industry.
M&G Investments replaces research platform with Bloomberg’s RMS
The chief investment officer of the London-based asset manager explains why the firm opted to use Bloomberg’s RMS platform for its research capabilities.