IHS Markit research among asset managers in Europe and North America shows an industry segment becoming more strategic in its approach to data management, but not immune to problems including mounting fees, rising costs and demanding regulations. The research notes 52% of firms use the cloud for data management and a further 28% plan to migrate in the next 18 months. Almost half of firms will have a data warehouse within two years, but two-thirds report that business teams have limited/no visibility of where data came from, who touched it, how it was altered and where it went.
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