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Data Strategy Service

Data is now recognised as one of the most important assets of any financial services organisation. A defined data strategy is accepted as critical for the long term success of an organisation. Once implemented, a data strategy will improve efficiency, help to manage operating costs, support global growth, enable rigorous risk management and enable reporting to clients and regulators.

A Data Strategy aligns with and supports the Business and IT Strategies

Data strategy service diagram

Data strategy is central to investment management and can either be a powerful enabler for business operations or, if done badly, a significant barrier to growth. A successful data strategy will provide the vision and roadmap to advance the data operation from current state to a target structure, including implementation of a strategic data architecture, data operating model and data governance.

Once implemented, a data strategy aligned to the business and IT strategy will:

  • Provide the scalability required by the business
  • Create consistency across the business for its data with coherent definitions, accuracy and timeliness to meet the business needs, including the demands of new instruments/products from a trading, operations and risk and compliance perspective
  • Establish a fit for purpose platform for delivering data to business applications
  • Remove duplication and inefficiencies in data management processes, thus creating a cost-effective data operation
  • Provide data for client and regulatory reporting that the business can rely upon to be current and correct
  • Minimise the data collection costs and the fees paid to market data vendors