Best Enterprise Data Management Vendor: IHS Markit
IMD/IRD Awards 2018
![IMD/IRD Awards 2018 – 64](/sites/default/files/styles/landscape_750_463/public/2018-06/IMD%3AIRD%20Awards%202018%20%E2%80%93%2064.jpg.webp?itok=TxL7Qvry)
![IMD/IRD Awards 2018 logo](/sites/default/files/styles/landscape_medium/public/2018-06/IMDIRD%20Awards%202018%20logo%20web_0.jpg.webp?itok=vjIvKgHm)
To help customers reap the benefits of centralized and standardized management of data, enterprise data management (EDM) vendors are pushing the boundaries and delivering systems with improved user experience and performance. Topping the reader survey in the space this year, and named Best Enterprise Data Management Vendor, is IHS Markit.
In 2012, IHS Markit responded to growing interest in EDM by acquiring software provider Cadis. Three years later it further enriched its offering in this space by acquiring CoreOne Technologies and integrating its VistaOne data warehouse, reporting and documentation tools under the EDM umbrella. As a result, IHS Markit has been adding more than 20 EDM customers a year. Spiros Giannaros, global head of EDM at IHS Markit, says the focus is on providing an end-to-end solution and, after taking 10 months to integrate the new data warehouse capabilities from the CoreOne acquisition, the IHS Markit EDM platform was offered as a fully integrated solution with the new EDM Warehouse. In May 2017 US-based investment manager Glenmede became the third customer to sign up for the combined offering of the EDM platform and EDM Warehouse in as many months.
Glenmede has taken the offering as a managed service, and IHS Markit EDM now has close to 30 managed service implementations. “It seems managed services are here to stay,” says Giannaros, explaining that taking data management as a managed service offers firms a cost-effective and efficient system, making it easier to manage change and upgrades. “Around 60–70 percent of new customers are now subscribing to our managed services,” he says.
IHS Markit has also been consistent in putting out two new product releases a year, and is continuing to look for modules to incorporate into an end-to-end data solution. “We’ve been very diligent about investing [in EDM], and we’ve increased our research and development fivefold over the past four years,” says Giannaros. At the end of last year, new capabilities enabled users to mark favorites and share views with peers, for example, and this focus on empowering users is continuing this year. “The next 12 months will be focused on further improving visualizations and workflows … We look at some of the flexibility in business intelligence tools to see what users expect,” he says.
The fact that IHS Markit EDM is built on a flexible data model means the system can also be applied in different verticals, and the group is working with other areas of IHS Markit to identify new opportunities. “We’ve targeted energy as the first area of focus, and we’ve onboarded 10 customers within the energy space in the past six months,” says Giannaros.
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.
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 Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions