Data is the lifeblood of an investment firm, the vital force driving its operations and strategic decisions.
By harnessing the power of data, firms can enhance their efficiency, decision-making, and risk management.
Most investment firms understand this. Yet despite significant improvements to data technology in recent years, many firms still struggle to centralize their data and capture its full potential.
All too often, a significant divide persists between investment research and decision support and the rest of the investment workflow.
Data teams use different technologies and tools and work in siloes, leaving fragmented, incompatible data sets scattered across systems, which hinders accurate and timely analysis by other teams and ultimately limits decision-making potential across the full organization.
Bridging the Data Divide: A Unified Approach
To truly capitalize on the value data promises, firms must change how they think about data.
Successful data application is not the product of a single, standalone function. Instead, data must be incorporated into every aspect of the investment workflow.
To do this, firms must bridge this divide between data teams and the rest of the operation with a centralized data management solution that allows for decentralized specialization.
Common infrastructure and governance define the rules of the road for the organization and set requirements for interoperability, such as symbology expectations.
Outside of these, teams can manage their data based on their needs, uniting data functions with their investment workflow and system integration functions to transform data application from a siloed handoff into a holistic experience.
This unified approach ensures that teams can quickly and efficiently meet specific shorter-term business needs while aligning to longer-term goals where data is a consideration at every stage of the investment process.
The Benefits of an Integrated Data Approach
By integrating data into the core investment workflow, organizations can:
- Centralize Data: Create a single source of truth, reducing inconsistencies and errors.
- Enhance Data Quality: Ensure data quality, consistency, and relevance throughout the investment process.
- Accelerate Insights: Enable efficient data retrieval, analysis, and application to inform operational and strategic decisions.
- Mitigate Risk: Implement strong data governance, security, and traceability measures to maintain data transparency.
- Enhance Efficiency: Streamline workflows and better leverage machine learning and artificial intelligence for advanced data insights faster.
By embracing a unified approach to data management, firms can unlock the full potential of their data and leverage data-driven insights to outperform the competition.
Unlock the Power of Your Data with SS&C Data Lens
SS&C Data Lens, a best-in-class data analytics and visualization tool, is a single solution for a holistic approach to your firm’s data.
With end-to-end data procurement, curation, and management capabilities, Data Lens helps investment managers reduce costs for data management, discovery and onboarding. The solution helps firms centralize their data resources, from performance reporting and warehousing to pre-trade investment analytics across financial, alternative, and investment data.
As a central catalog for all your data sets, Data Lens provides a holistic, 360-degree approach to utilizing data in the investment process.
And, if you want help in harnessing the data opportunity without adding headcount, Data Lens comes backed with expert managed and professional services to assist with data analysis, ingestion and transformation, as well as solution integration reporting, interactive visualizations and more.
