London, 9 July 2012 – A new report from Aite Group evaluates the data management market. It discusses projected data management spending for 2012 and beyond and considers the tactical and strategic dynamics that currently affect spending on this area. Based on Q1 and Q2 Aite Group interviews with data managers from 22 different financial services firms, the report compares key vendors’ functionality and notes how each solution has traditionally been deployed within the data management community.
Business-, regulatory-, and risk management-related pressures have recently led to an uptick in efforts to improve data quality. As a result, data management spending has once again become a focus for financial institutions, and spending on hardware, software, and data management services is set to increase over the next three years. Drivers for the investment vary from firm to firm, but data managers want similar things from their technology, whether they opt to build in-house or partner with a vendor. Specifically, data managers seek the ability to support downstream data requirements and scale to meet future requirements.
“While financial services firms have traditionally sought to keep data management technologies in-house, outsourcing is becoming an increasingly attractive option,” says Virginie O’Shea, senior analyst with Aite Group and author of this report. “For firms open to partnering with a vendor, numerous flavors of data management solutions are available, depending on the required functionality and desired deployment model."
The report highlights the following data management solution vendors: Asset Control, CoreOne (Netik), Credit Dimensions, DataFlux, DST Global Solutions, Eagle Investment Systems, First Derivatives, GBST, GoldenSource, IBM, Informatica, Infosys, Kingland, Markit EDM (Cadis), MoneyMate, Oracle, Orchestra Networks, Pacemetrics, PolarLake (owned by Bloomberg), SmartCo, SmartStream, SunGard, Sun Street, and Trillium.
This 63-page Impact Report contains 26 figures and five tables. Clients of Aite Group’s Institutional Securities & Investments service can download the report.