Data governance has emerged as a key factor in ensuring data quality for buy side firms, according to a paper published by asset management and portfolio technology solutions provider SimCorp.
Developed by Investit, the paper – Data governance: key contributor to successful data management strategy – highlights areas in which firms can benefit from a more coherent approach to using data.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The paper suggests that firms spend a lot on technology, but few extract all the value they should from this spend. According to the SimCorp paper, good governence can ensure that data management is improved across the whole organsiation, that confidence in the integrity of data can remain high, and risk can be managed through data quality control.
John Robertshaw, author of the paper and principal within Investit’s Operations Practice, said: "Investment management firms are starting to grasp the importance of defining and establishing a governance framework to ensure delivery of a cost-effective, flexible, scalable and sustainable data management solution. Data governance can be a major contributor to aligning and improving an enterprise-wide dialogue in data."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
