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JAN 24, 2023
Investment in data and analytics has consistently increased since 2019. A Coalition Greenwich study that year highlighted that 45% of respondents planned to significantly increase their investments in data management technology. Fast forward three years, and it’s safe to say firms have not realised data’s full potential.
Paul Lambert, CEO of New Change FX (NCFX) has a few thoughts on why. “Having worked for both large fund managers and banks, I would say the biggest barrier to effective data management is legacy systems,” he says. “These companies are complex, and their development has usually been organic resulting in a siloed technology stack. Many of the legacy systems have been designed for specific functions and without thought of them communicating with other systems, particularly systems outside the organisation.”
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