A new Aite Group report finds that capital markets firms need to be proactive and forward-looking when developing an enterprisewide data strategy.
London, 1 April 2021 — Capital markets firms are under intense client, regulatory, and business pressure to transform the way they operate. But a lack of investment in data architecture and experts in enterprise-level data strategy has left firms with data silos and legacy infrastructure that fail to deliver in a world where the volume and velocity of data have increased exponentially and business decisions need to be based on analytics. A lack of investment in data architecture can, therefore, result in significant challenges to a firm’s future growth and competitive edge. Data Management Trends in Capital Markets, Aite Group’s latest report, highlights the state of data management efforts at buy-side and sell-side institutions.
“Three of the top four data architecture challenges are around integrating, cleansing, normalizing, and transforming data for use by capital markets firms,” says Paul Sinthunont, senior analyst at Aite Group. “These challenges will only worsen as the volume and number of data sources used increase across the structured and unstructured universe,” he explains.
This report is the first in a series that focuses on broader trends around data management and current challenges. Focusing on the state of data management efforts at buy-side and sell-side institutions, it is based on conversations with executives at 19 global capital markets firms who have knowledge of their firm’s data architecture and data management strategies.