White Papers — Industry Intelligence
Quadron Data Solutions helps financial professionals understand and take advantage of the latest trends in the industry. With an average of more than 20 years of experience, our professionals have knowledge and expertise to share. Use this portal to access thought provoking, timely, and insightful White Papers on topics such as compliance, enterprise data management, data aggregation, and more.
Featured White Papers
Request white paper-
October 12, 2009
The Top 5 Data Management Headaches
Data Management White Paper Overview
Introducing broker/dealers (IBDs) have historically viewed data as the raw material feeding their myriad applications. However, faced with the increasing challenges of poorly unified data for executive decision support purposes such as duplicative costs when supporting varied vendor applications, inconsistent data across departments, managing multiple vendor relationships and difficulties delivering a positive return on investment, firms now find themselves in a dysfunctional and costly data quagmire.
Exploring the current state of siloed data solutions, the white paper addresses a new vision for introducing broker/dealers to the mind-set of enterprise data management (EDM). It further discusses the treatment of data as an asset to be embraced and optimized for continual reuse by the organization to achieve maximum impact across the enterprise. This paper provides the strategies needed to acquire buy-in from key stakeholders as firm acceptance of the concept is critical to achieving an EDM mindset and infrastructure.
Introducing broker/dealers who successfully take on and navigate the monumental task of focusing on implementing an EDM solution either in-house or outsourced, will reap the substantial benefits and place themselves well ahead of their competitors as they turn data into intelligence.
This paper delves deeper into the nuts and bolts of data aggregation and EDM best practices. Design considerations for EDM implementation are discussed and the operational data store is introduced as a natural component of enterprise data management, with its function in fulfilling the business information needs across the enterprise.
Readers of this white paper will take away an understanding of what enterprise data management embodies, benefits of implementation, how to attain firm-wide buy-in and acceptance, and steps and considerations in achieving true enterprise data management. Once this goal is realized, the firm can begin to reap the benefits of consistent and reliable data with substantially reduced costs.
