How financial services firms can improve their cloud data management and crack the unsolved problems of integration, governance and linking
Alveo recently commissioned research from ADOX Research Ltd into the data management priorities of asset managers in the view of the shift of data management to cloud infrastructure.
The adoption of cloud infrastructure offers firms many advantages. On top of the traditional benefits of scalability and elasticity associated with cloud, the use of cloud-native software components can streamline the overall supply chain of quality-vetted data to business users.
Using new delivery models of data, expedited provisioning of data sets for analytics as well as cloud data sharing between departments or with business partners offer material efficiency gains. However, material challenges remain. These include:
- Cross-referencing and linking different feeds together to combine data sets
- Allowing clients to build composites by folding different sources together on an attribute by attribute level.
- Link internal data sets to combine with aggregated third-party content
The report discusses typical challenges in maximizing the value cloud-based data management and how to address them.
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