The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

LakeFrontData Consulting Adds EDM Capability Assessments and Managed Data Service Vendor Evaluations Services

Following the launch of its jobs website last week, LakeFrontData Consulting has added two new data management consulting services to its consultancy services offering. The firm has created enterprise data management (EDM) capability assessments and managed data service vendor evaluations, which it says are aimed at providing clients with a holistic view of their requirements.

According to LakeFrontData, the EDM capability assessments examine a client’s data initiatives and projects, thus producing a rating, a gap analysis and a roadmap to achieve the planned future state that meets business needs for reference and pricing data. The approach includes design and implementation of data management technology, data architecture, data model, data quality, operations, infrastructure and supporting governance, says the firm. Marc Odho, managing director and partner at the firm, explains the rationale: “In the end, our overarching goal is to help clients develop a holistic solution, encompassing technology, content, processes, governance and quality, that best meets the needs of their business.” The evaluation of managed data services vendors is based on a similar approach: looking at the services provided relative to a client’s needs. It is aimed at supporting a client’s decision making process based on client criteria and comparative alternative solution analysis, says the firm. Rob Ord, director and partner at LakeFrontData Consulting reckons firms contemplating using managed data service solutions often need help in determining which commercial offerings, if any, suit their data management needs best. “Whether it is security master reference, historical time series or research data sourcing, management and distribution, it is imperative to understand where a vendor’s strengths lie,” he adds.

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

NeoXam Partners Market Data Consultancy MDP to Extend Reach of DataHub

Paris-based data management platform provider NeoXam has forged an alliance with market data consultancy MDP to extend the reach of its DataHub platform in the DACH region comprising Germany, Austria and Switzerland. The initiative will focus on helping clients deal with market and reference data challenges such as costs, multi-vendor strategies, reconciling data sources and...

EVENT

Data Management Summit Europe Virtual

The Data Management Summit Europe Virtual brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

MiFID II Handbook

As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have...