According to a new study commissioned by RIMES Technologies and conducted by independent research firm Investit, there is an ever increasing demand for additional index and benchmark data as nearly three out of four (72%) global investment management organizations indicated they expect to see an increase in their usage in the coming year. In fact, seven out of ten respondents anticipate additional demand for indices from emerging market exchanges and specialist vendors.
Despite the amplified usage expressed by participants, when it comes to cost, the focus tends to revolve on the highly visible cost of data licenses, rather than on the more hidden expenses of resource and technology. In fact, only one in five expected increases in costs for internal resources and technology. As a result, too many managers fail to fully appreciate the time/cost effect of internal factors—issues which are, paradoxically, under their direct control.
In an ongoing effort to help firms improve data governance and educate them on significant savings that could be realized by focusing on index data management and benchmarking functions, RIMES will unveil the survey findings in a webinar titled Managing Index Data and Benchmarks in Investment Management Firms. During this Web event, executives from Investit and RIMES will unveil the findings from the recent Managing Index Data and Benchmarks study and discuss top of mind issues such as:
· **What are these “hidden” internal resource and technology costs?
· **What are the most important factors in the management of index data and benchmarks?
· **What, if any, are the industry best practices in terms of managing these costs and meeting the demands of the business?