(Source: FE - Financial Express) All asset managers - be they large or small - find the process of collecting, validating, formatting and distributing data a constant laborious chore. But, unlike some other industries, in the asset management world the consequences of dirty data can be acutely felt. Technology vendors are constantly building cheaper, faster and more sophisticated solutions for data management, which for many businesses often means it turns out to be more cost effective to outsource their data management needs. Recent surveys have found that some 75% of large and medium-size asset management firms have turned to automation tools - so for those firms still toying with the...
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