Data Management special report
Click here to download the PDF
Expanding the data toolbox
There is an old saying that goes: "If you only have a hammer, everything looks like a nail." Basically, if you tie yourself to one approach, your results are going to be very limited at best.
In today's market, financial services firms are finding themselves having more in common with search engines, social media sites and national governments: they all need to manage and analyze exabytes and petabytes of data on a regular basis, but the trusty relational databases that they have relied on for so long are just not keeping up with their users' demands to manage "big data" these days.
Twin forces are driving the desire for improved data management and the enterprise scale. First, there are new ways to analyze structured and unstructured data that previously had not been collected in order to find new potential alpha, such as social media sentiment and other unstructured data. And second, there is the increasing demand from regulators that requires market participants provide more transparency around their transactions by providing more data to the regulators.
In this special report, Waters speaks with leading broker-dealers and vendors to discuss how firms can address these issues and what they would like to see in the next generation of data management tools, and touches on the best strategies to implement data integration and standardization.
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
Breaking out of the cells: banks’ long goodbye to spreadsheets
Dealers are cutting back on their use of Excel amid tighter regulation and risk concerns.
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Waters Wrap: GenAI and rising tides
As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Northern Trust building internal cloud data ‘marketplace’
Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Northern Trust: Improving transparency across the asset servicing market
- Northern Trust building internal cloud data ‘marketplace’