About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Asset Managers Let Down by Ineffective Data Management Systems

Subscribe to our newsletter

Asset managers already challenged by regulatory compliance and ongoing pressure on fees are being let down by data management and processes that are not very effective at supporting business and operational decision making. According to recent research commissioned by Asset Control, more than two thirds (69%) of asset managers claim their systems are not very effective, while nearly half of asset managers (45%) say their organisation typically measures RoI on data management projects afterwards by carrying out an annual survey into how the business is performing to relevant quality metrics.

The research also reveals management priorities for data management, with ‘reducing cost of current operation’ ranked as a top three priority by just under half of the sample (48%), ahead of ‘reducing operational risk by streamlining data flows’ (46%) and ‘preventing redundant storage and traffic’ (also 46%). These priorities are followed by ‘tracking and reporting on data quality’ (41%) and ‘cataloguing data to make sure data assets are clearly defined and known throughout the firm’ (also 41%).

Eddie Grant, head of managed services at Asset Control, comments: “There are clearly issues with efficiently feeding quality-proofed data into decision making and with accurately, regularly and proactively managing RoI. These challenges can be more effectively addressed using an outsourced managed service approach, where KPIs on data quality and delivery are pre-agreed, transparently tracked and regularly reported to provide proactive tracking of RoI and improved delivery of quality data.”

The research also shows cloud providers, such as Amazon, Google and Microsoft Azure, are deemed best suited to help provide a data infrastructure for asset managers in the future by a third of the sample (33%), ahead of application providers (26%). This highlights the growing focus on cloud-deployed managed services across asset managers’ organisations.

When asked what metadata, contextual information, and quality intelligence their organisation has access to today to improve the quality of decisions, respondents ranked ‘application and business context’ highest (38%), followed by ‘run-time stats and volume information’ (36%) and user ratings and comments (35%).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Transparency ‘Crisis’ Hampering Private Markets: Report

Private markets investors are dogged by a “data transparency crisis” that is exposing them to greater risk of compromising their fiduciary integrity and losing their competitive edge, according to a new report. In what the authors call a private markets paradox, the report by Rimes states that investors are beset by a lack of data...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Data Lineage Handbook

Data lineage has become a critical concern for data managers in capital markets as it is key to both regulatory compliance and business opportunity. The regulatory requirement for data lineage kicked in with BCBS 239 in 2016 and has since been extended to many other regulations that oblige firms to provide transparency and a data...