Boston, MA, March 26, 2006 – According to a new report by Aite Group, LLC, Aite Group projects high adoption in the EDM (Enterprise Data Management) market in 2007 and 2008. We believe 2006 will be a year where early adopters hit production and become references, pending successful implementations. This 76-page report focuses on practical market issues and opportunities followed by an overview of participating vendors (Asset Control, Cicada Corporation, Citadel Associates, GoldenSource, Soliton, SunGard, and TAP Solutions). Each vendor responded to a survey and provided a functional demonstration with question and answer periods. Vendors were also asked to provide references.
According to Adam Honoré, author of the report, "The biggest challenge in EDM is making people comfortable with the decision and the process. In a market this immature, there is a fine line between affecting the credibility of your competitors and affecting the credibility of the value of EDM. Regardless of how many vendors are attempting to acquire the business, the number one competitor is almost always internal IT." Discussing the future of outsourcing, the analyst adds, "Aite Group anticipates EDM will follow other commoditized business models and become more affordable, practical, and easier to implement with practice and development. As the experience level increases, and as the Tier-One pool shrinks, Tier-Two and Tier-Three customers will benefit greatly from the expertise gained by these people and will be able to leverage that experience in a one-to-many solution."
This is a 76-page Impact Report. Clients of Aite Group's Institutional Securities and Wealth Management services can download the report.