Data Management remains our industry's biggest unsolved problem. Adox Research data shows that low data quality and high fragmentation can compromise up to 40% of core investment data. 39% of firms want to increase investment, but many are concerned about the cost, complexity and duration of data management projects.
Our research shows that data management is more than ever the right question, but standalone data mastering solutions are no longer the solution. Regulation, customer centricity and risk management need high quality data, but vendors need to deliver targeted solutions to those objectives, not simply an agnostic data management framework or toolset.
Utility-only deployment is the primary enabler for providers to deliver long term sustainable and scalable solutions, reducing integration and customisation needs. Integration with ecosystem benefits across the trade lifecycle will become the norm for measuring the value of data management investments. This may include integration with data sourcing, risk, trading or accounting functions.
Supplier risk and a robust service model are no longer the differentiators they once were as many smaller specialistshave been acquired by large corporates. The trade-off between domain expertise and supplier risk no longer exists.
The full report (member access only) includes all data points and graphs gathered, profiles and assessments of each individual vendor as well as an overview of the competitive landscape of the data management market.
A majority of participants in our 8x8 Survey of data management solutions are prioritising concerns about integration, scalability and supplier risk above usability and functionality.