French Firms Breaking Down Silos to Reduce Risk and Costs

PARIS - French firms are increasingly focusing on changing their architecture and breaking down silos within their firms to reduce risk, facilitate cost reduction and improve data quality, officials tell Inside Reference Data.

While the financial crisis brought some data management projects to a halt, firms have now started to create a common architecture for reference and market data and are pushing to create a cross-divisional, cross-siloed view of the enterprise.

Paris-based Steve Scemama