Industry deep dive—Bloomberg outlines current and future tech and data strategies

Bloomberg needs no introduction across the capital markets technology and data realms, given the prominent position it occupies by virtue of the technologies, data and ancillary services it provides to large numbers of firms on both sides of the industry.

Maureen Gallagher and Don Huff discuss organizational data consumption habits and the technologies available to help them manage ever-increasing data volumes. Among these are the issues at the forefront of the minds of chief information officers and chief data officers, and how Bloomberg is helping them address their various challenges; the need for firms to develop nimbleness and flexibility to help them succeed in a constantly changing industry; and how legacy technologies are holding firms back when developing the operational efficiencies and robustness to thrive in an unforgiving market.

Key discussion points include:

• Current challenges—the state of play across the industry in terms of firms’ data consumption habits, and the technologies available to manage their data
• Bloomberg’s strategy as a data and tech provider—what is front of mind for technology and data practitioners, and how Bloomberg, as a provider and partner, is helping them address those challenges
• The need for flexibility and nimbleness—how do firms build the necessary nimbleness and flexibility into their technology and data frameworks, and how do they organize their data so they can make the most judicious business and investment decisions?
• Legacy challenges—decommissioning mission-critical applications and platforms so firms can ultimately modernize their data and technology estates
• A glimpse into the future—what might the future look like across the industry? Is it going to be a case of more of the same, or are there technologies and products that can help firms resolve their various challenges?
• Artificial intelligence—the role AI will play in shaping the future of the industry, and how Bloomberg is looking to fold AI into its products and services.

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