{"id":4011,"date":"2016-10-26T02:35:14","date_gmt":"2016-10-25T18:35:14","guid":{"rendered":"https:\/\/www.indataipm.com\/?p=4011"},"modified":"2024-09-20T10:24:30","modified_gmt":"2024-09-20T18:24:30","slug":"lost-at-sea-with-data-taming-the-forces-of-nature-with-big-data-tech","status":"publish","type":"post","link":"https:\/\/www.indataipm.com\/lost-at-sea-with-data-taming-the-forces-of-nature-with-big-data-tech\/","title":{"rendered":"Lost at Sea with Data? Taming the Forces of Nature with Big Data Tech"},"content":{"rendered":"<p>In Northern Trust\u2019s (NT) recent report, the firm asserted that many managers are \u2018lost at sea\u2019 with their data, meaning that they are overwhelmed and not able to fully utilize their data for competitive advantage. To run with NT\u2019s analogy, while the sea is definitely a force of nature, mankind has made great strides to tame the sea and big data tools do this by creating more manageable salt water \u2018ponds\u2019 or \u2018pools\u2019 that can be utilized for great benefit.<\/p>\n<p>At INDATA, we have been talking about big data since the launch of our iPM Epic solution in 2014, having anticipated the future trend that is only emerging now. To make sense of this \u201csea of data\u201d investment managers need to adopt big data tools to cope with volumes of data from a wide variety of sources.<\/p>\n<p>While NT advocates an outsourcing approach and uses the fear factor of cost overruns to justify their approach (not surprising, given they are a custodian), there is nothing better than having a private lake, pond or pool away from prying eyes. That is what the in-house approach provides and cost overruns are prevented by working with the best providers who use private-cloud based approaches along with the latest technology tools.<\/p>\n<p>Read <a href=\"http:\/\/www.fundfire.com\/c\/1469663\/169703\/northern_trust_warns_managers_lost_with_data?referrer_module=MTwitter&amp;campcode=MTwitter\" target=\"_blank\" rel=\"noopener noreferrer\">the article <\/a>from FundFire on the NT report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Northern Trust\u2019s (NT) recent report, the firm asserted that many managers are \u2018lost at sea\u2019 with their data, meaning that they are overwhelmed and not able to fully utilize [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"_stc_notifier_status":"sent","_stc_notifier_sent_time":"2023-09-07 14:59:57","_stc_notifier_request":false,"_stc_notifier_prevent":false,"_stc_subscriber_keywords":"","_stc_subscriber_search_areas":"","content-type":"","footnotes":""},"categories":[177,71,100,127],"tags":[65,93,79,87,59,83],"class_list":["post-4011","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-ai-investment-management","category-big-data","category-blog-articles","category-epic-data-analysis","tag-big-data","tag-data-management","tag-data-platforms","tag-enterprise-data-management","tag-investment-management","tag-technology","post_format-post-format-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Taming the Forces of Nature with Big Data Tech<\/title>\n<meta name=\"description\" content=\"Lost at sea with data: How big data is being used to tame the forces of nature and prevent ships from going missing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.indataipm.com\/lost-at-sea-with-data-taming-the-forces-of-nature-with-big-data-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taming the Forces of Nature with Big Data Tech\" \/>\n<meta property=\"og:description\" content=\"Lost at sea with data: How big data is being used to tame the forces of nature and prevent ships from going missing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.indataipm.com\/lost-at-sea-with-data-taming-the-forces-of-nature-with-big-data-tech\/\" \/>\n<meta property=\"og:site_name\" content=\"INDATA\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-25T18:35:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-20T18:24:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.indataipm.com\/wp-content\/uploads\/2016\/02\/A-big-data-vision.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"393\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Csiki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@indataipm\" \/>\n<meta name=\"twitter:site\" content=\"@indataipm\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Csiki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.indataipm.com\/lost-at-sea-with-data-taming-the-forces-of-nature-with-big-data-tech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.indataipm.com\/lost-at-sea-with-data-taming-the-forces-of-nature-with-big-data-tech\/\"},\"author\":{\"name\":\"David Csiki\",\"@id\":\"https:\/\/www.indataipm.com\/#\/schema\/person\/31ac2144f306e999a05ada27d5434beb\"},\"headline\":\"Lost at Sea with Data? 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