Boston, August 15, 2013 - Over the last six years, the institutional and retail asset management community has gradually embraced strategic data governance. Firms have realized the merits of keeping a handle on data-quality metrics, engaging downstream business users in data stewardship, and moving overall data management responsibility and strategy to C-level functions, among other practices. But firms have different perceptions of their own maturity, and not all are sure how to measure their own data quality and data governance frameworks, or even where to begin. These firms need tangible metrics and data improvement goals to strategize successful data governance.
Based on Q1 and Q2 2013 Aite Group interviews with 26 global asset management and wealth management firms across Europe, North America, and the Asia-Pacific, this Impact Report by analyst Virginie O'Shea examines the changing face of data management at asset and wealth management firms, including the level of engagement by senior-level management, and provides a benchmark against which firms can measure their own progress. It also explores firms' current perceived level of data-set maturity and highlights the development of data management best practices in this space.
This 47-page Impact Report contains 35 figures and one table. Clients of Aite Group's Institutional Securities & Investments or Wealth Management services can download the report.