Capital markets data is produced by, analysed by and consumed by many different types of industry professionals. This data is so universal that everyone from data entry clerks to senior executives interacts with it on a daily basis. As such, it is important for all types of buyside firms to utilise strategic data management practices, which can help them better understand their client base as well as opportunities in the market to serve that client base. However, implementing the technology needed to support such a data strategy is a complex task. The complexity is twofold – several technologies are introduced at the same time, which then creates a need to drive cultural alignment within the firm toward the solutions. By Anna Pajor, GreySpark Partners
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