Data management - The quest of the endless journey
For financial institutions the journey for more transparent, high-quality, relevant, timely and cost-effective data will never end. In such endless quest, it appears that a strong data management strategy grants access to the most reliable road towards meeting regulatory requirements and improving market intelligence. However, long-term market analysis and complex compliance objectives are unlikely to bring rapid growth and lower operating costs. In the meantime, is there a shorter road where firms can head to obtain immediate benefits and show growth? Which data platform models will help them get there faster while reducing costs? How can back-office operations benefit from the data investments done in front and middle office activities? Is the industry too cautious to embrace B2C-like cloud-based initiatives? Will machine-learning utilities accelerate the process? Or, else, are distributed ledger technologies ready to provide firms with a fast lane?