The focus of data management projects may change along with the questions around achieving business buy in, but the answers about the benefits and practical considerations remain the same, says Danielle Newland, product manager of data management solutions at Eagle Investment Systems. What has changed, however, is the level of interest around outsourcing and application service provider (ASP) solutions in the current market. According to Newland, 50% of the vendor’s pipeline is coming from the ASP side of the business; thus backing up the predictions made by her colleague John Lehner last year (see 
Following the appointment of Geoff Harries as the new global head of asset servicing for its Investment Management Solutions (IMS) business earlier this month (see 
The regulatory scrutiny of data quality is driving firms to join in with the second wave of outsourcing that is sweeping the market, according to Colin Close, CEO of hosted data management solution vendor Netik. Close reckons that firms should not wait for standards to be set, either by the regulator or bodies such as the EDM Council, before tackling their data management challenges and that a new level of pragmatism is evident in the market.
Since the launch of its AC Invest solution in October last year (see our coverage of the launch event 
Since its decision to sign up for the MoneyMate investment data management solution in October last year, Schroders has been working closely with the vendor to control the aggregation and cleansing of their product information for presentation on websites. Gerard Walsh, head of change management for the web and customer relationship management (CRM) at Schroders, and Ronan Brennan, chief technology officer at MoneyMate, explain that the solution is aimed at enhancing the timeliness, accuracy and consistency of Schroders’ product information, which is communicated to their clients and distribution channels.
The challenge of getting a whole firm “into the same boat” and understanding the true benefits of a data management project requires strong leadership and governance from the outset, said Hans Lux, enterprise data architect at UBS Global Asset Management, to the delegation in attendance at TSAM 2010 earlier this week. The importance of data governance is far from a new concept, but Lux stressed that firms should use the audit trail to their advantage in the current environment where regulatory scrutiny is so intense.
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
After a difficult first quarter of fiscal 2010 (see our coverage here), data and analytics vendor FactSet Research Systems seems to be experiencing a return to form with an overall revenue increase of 0.5% for the second quarter on previous year’s figures. Phil Hadley, chairman and CEO of the vendor, indicates that he believes the investment in its business via the launch of a new platform and the decision to go from offering data integration services to offering its own data feeds has paid off for FactSet and is the reason behind its “highest quarterly user growth in two years”.
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