Asia Awards 2024: Best data management platform—S&P Global Market Intelligence

Overview

EDM is S&P Global Market Intelligence’s flagship enterprise data management platform. It is used by more than 200 clients on both sides of the industry to help them make better use of their data and streamline their operations by pulling disparate data types from multiple sources into a centralized data hub. This traceable and validated data is available for use across the enterprise and is complemented by the firm’s data catalog, Data Dictionary, allowing users to gain full visibility of all data available to them.

The solution  

The EDM platform combines the benefits of a fully fledged ETL tool with data management and governance layers. It has been designed to manage the ingestion, mastering, correction, audit and export of all datasets via functional components that can be configured and logically sequenced to create automated workflows. A web-based user interface then allows users to visualize data and assess its accuracy across all ingested sources, and to manually correct it where necessary.

Secret sauce  

EDM is a mature, feature-rich data management platform that has been developed over the past 15+ years, featuring fast implementations, high levels of flexibility and functionality to manage multiple data formats. It is integrated specifically to eliminate internal and external data silos and provide simplicity and efficiency in operating models. EDM is underpinned by S&P Global’s datasets and the firm’s experience in navigating complex landscapes such as ESG and private markets.

Recent milestones

• Outsourcing: New data management-as-a-service offering, providing firms with the option of outsourcing data management and operations to S&P Global
• Entity matching: New service leveraging AI-powered cross-referencing and classification standards to match and master entities across public and private markets data sources
• Sustainability: Integrated with in-house and third-party data sources, S&P Global now provides ESG-as-a-service, helping clients to aggregate, align and access sustainability data and comply with regulations.

Future objectives

• No-code/low-code: Provide users and data stewards with the ability to define dashboards, data quality rules and metrics, and apply these to EDM datasets using no code.
• Private markets: Extend the firm’s data management-as-a-service offering to provide a holistic view across private and public markets, addressing complex data collection and mapping challenges.
• Pre-configured modules: Deliver out-of-the-box applications with tailored data models and standard data adapters based on S&P Global’s best practice workflows.

Why they won

S&P Global’s EDM platform has won more categories than any other product in any vertical across all of WatersTechnology’s awards since it made its first appearance back in 2007, by virtue of a little-known London-based start-up called Citadel Associates. It has since grown to become the benchmark against which all data management products are measured.

The efficacy of EDM is enhanced by S&P Global’s Data Dictionary, a data catalog that “advertises” and surfaces content to users across the business. It might not sound especially transformational, but there are large numbers of buy-side and sell-side firms that have no way of tracking the data sitting within their domains, let alone allowing their users to access it with the minimum of fuss. This success for EDM comes fast on the heels of yet another win for the platform in the best enterprise data management provider/vendor category of the 2024 IMD & IRD Awards.