There’s been a lot of air – some of it hot – expressed around the concept of a shared utility for reference data management. On my travels around the City, and on Wall Street, I get the sense of a polarisation of views, between the perhaps naively optimistic and the deeply cynical. What’s a utility anyway, and how would one compare to managed or hosted services? And where does cloud come into it?
Add to these fundamentals questions about business model, key drivers for participants, and logistical issues around operating a multi-tenant, multi-source entity that meets mission-critical-status SLAs, and you have quite a lot to talk about. Which is why we’re running next week’s webinar: Hosted/Managed Reference Data Services and the Emerging Utility Model.
Starting with the premise that the on-site data management model is broken, and that existing resources have been squeezed to breaking point, we’ll be looking at whether the utility model is the solution for our industry truly to do more with less, as seems to be expected everywhere.
Joining me next Tuesday at 3pm London time, 10am New York time, will be a panel of experts operating at the coalface of the utility model. Tom Dalglish recently joined iGate Global Solutions from UBS as Head of Transformation: Financial Instrument Managed Services. As readers will know, iGate has teamed with Markit EDM to offer … well, we’ll hear from the horse’s mouth just what is on offer, although Tom’s title certainly gives a sense of what’s in store.
Paul Kennedy won’t mind if I describe him as a reference data war-horse. He’s spent time – my words, not his – with the likes of Reuters, Telerate, Bridge, Goldensource, Interactive Data and Platt’s, most recently as data scientist. He’s now looking after sales and marketing at 1View Solutions, operator of RefData.com. Go take a look to get a preview of what these guys are about.
Finally, we’ll be joined by Nick Taplin, Global Data Strategy Consultant at SmartStream, whose Central Data Utility (CDU) is a, erm, utility solution for a swathe of reference data types, including instrument and entity data. Indeed, you can read about its approach for the latter by downloading the white paper we wrote together last year.
I hope you can join us next Tuesday. It’s free and you can sign up by clicking here. Needless to say, there’ll be an accompanying special report, and we’ll be recording and posting the whole thing for consumption later at your convenience. But we’d rather have you come on board and ask questions live, not least because it opens angles we’ve not yet thought of.
Looking forward to a juicy debate.