Solving Big Data’s Big Challenges Can Lead to Big Advantages
The volumes and complexity of market data required by financial institutions today are immense and growing rapidly. Ongoing market changes are accelerating the growth in demand for data, and forcing financial institutions to address the challenges of what has come to be known as “Big Data”. This demand is fueled as firms develop and deploy new, more sophisticated cross-asset investment strategies.
At the same time regulatory changes are also forcing firms to source and report increasingly larger amounts of trade data, as well as to adopt higher-quality – and usually data-hungry – risk and pricing models. Investors are making similar demands of their asset managers.
Interactive Data, the reference data powerhouse, has authored a new white paper which describes these challenges in depth. It also outlines the steps financial firms may need to take in order to address them effectively. Those that do could have a notable competitive advantage over their more slow-footed rivals.
Download your complimentary copy here.
Source: IDC, 18.01.2012
Filed under: Data Management, Data Vendor, Market Data, Reference Data, Risk Management, Trading Technology, Big Data, Data Management, Data Vendors, IDC Interactive Data Corporation, Market Data, Reference Data, Regulation
