May 10, 2016
Cutter Associates recently completed their latest benchmarking study on Data Management. Back in 2011, Cutter Associates asked its benchmarking members a question as part of a benchmarking study on data management. Did their firm recognize data as a strategic asset providing competitive advantage? The unanimous answer was “no.” By 2013, that number had climbed to 45%. Fast forward four years to 2015, and over two thirds answer “yes” to the same question.
Although most participating investment managers are working toward establishing a formal data governance framework, only one third have achieved that goal.
A major roadblock is the expanding volume and variety of data required, driven by increases in asset complexity, regulatory requirements, and demand for investment information from internal and external clients. As data volume has increased, so too have the costs associated with maintaining the data at the same time that internal budgetary pressures grow.
Clearly, despite the recognition of data as a strategic asset, firms still have some way to go to be better managers of their data.
Full results of the studies are available for CutterBenchmarking clients online at www.cutterassociates.com.
About Cutter Associates
Cutter Associates, LLC serves the operational and technology needs of the global asset management industry, providing clients the tools and services they need to be successful. By leveraging multi-faceted expertise and an unrivaled knowledgebase, Cutter Associates provides clients truly independent research, exclusive member-only events, custom operations benchmarking, and a global consultancy for strategic advice on and delivery of operational and technology excellence. Cutter Associates works with the world’s leading asset managers, providers and servicers. Headquartered in Hingham, MA, Cutter Associates has subsidiaries in Canada and the UK, and is on the web at www.cutterassociates.com.
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