In a recent survey commissioned by Alveo, 62% of senior decision-makers believe that transferring market data to the cloud can reduce their total cost of ownership (TCO), with 77% in agreement in Asia-Pacific, compared to 46% in the UK/US. Additionally, the adoption of cloud data management is viewed as a catalyst for changes in operational models. Benefits highlighted include faster, controlled data sharing with third parties (41%), more tailored data acquisition and delivery (38%), and enhanced data governance (28%).
The research, conducted in April 2023, took opinions from directors and managers in investment management, banking, insurance, and asset ownership sectors across the UK, US, and Asia-Pacific.
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