Aite Group believes the market for data management projects is poised for growth based upon a need for high quality data to support various business drivers.
Boston, MA, March 22, 2010 – A new report from Aite Group, LLC projects modest growth for data management technology projects in 2010, provides the reasoning behind this projection, and highlights the benefits of data management and the challenges to project approval.
Though the credit crisis led to a decrease in data management technology and operations projects in 2009, Aite Group believes the market is poised for growth - however modest - over the next few years. Capital markets firms are recruiting technical staff with knowledge of data operations and vendor offerings, and industry efforts to improve operations and governance are progressing. As in the early days of this market, business drivers have aligned to enhance the value proposition provided by a data management infrastructure, whether internally built or vendor sourced. The main hurdle remains convincing a cost-weary executive suite that these projects can truly deliver the business value suggested.
"It can still be difficult to quantify a return on investment for data management, which has often limited the scope of data management projects," says Fritz McCormick, senior analyst with Aite Group and author of this report. "The most realistic way to gain executive support on a large data management undertaking is to bring to bear a mix of cost savings considerations and qualitative factors, such as improved client service and reporting capabilities."
This 15-page Impact Note contains four figures and three tables. Clients of Aite Group's Institutional Securities & Investments service can download the report.