Global asset managers are looking to get their investment data management house in order, according to a study released by DST Global Solutions.
The report, Right Time, Right Content: Business Drivers for Smarter Investment Data Management, reveals that while the drivers pushing asset managers and wealth managers to consider new support structures for investment data management are different, data aggregation is a common challenge. The report cites that 90% of those surveyed indicated that they had experienced an increase in the need for data aggregation capabilities and that they felt they were ill-equipped to support these requirements.
"We undertook this survey with the Aite Group to highlight the growing importance of investment data management to the industry and to help identify the key challenges firms face,” stated Julian Webb, Head of Investment Data Management and Analytics, DST Global Solutions.
“The findings clearly highlight the fact that addressing the challenges is becoming a critical issue that firms need to prioritize in order to continue to operate successfully.”