{"id":970,"date":"2012-04-09T14:38:59","date_gmt":"2012-04-09T14:38:59","guid":{"rendered":"http:\/\/www.indataweb.com\/?p=970"},"modified":"2024-09-20T13:39:31","modified_gmt":"2024-09-20T21:39:31","slug":"data-management-tools-are-the-only-way-to-handle-big-data","status":"publish","type":"post","link":"https:\/\/www.indataipm.com\/data-management-tools-are-the-only-way-to-handle-big-data\/","title":{"rendered":"Data Management Tools Are the Only Way to Handle Big Data"},"content":{"rendered":"<p>There was a lot of press coverage about big data last week. <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">IDC provided one of the best industry perspectives<\/span>.<\/p>\n<p>While much of the discussion around big data applies to the sell side, it also applies to the buy side. Take historical data, for example. In the simplified world of the past, before the heightened regulatory environment and the need to demonstrate transparency, the model used to be that portfolio management and accounting systems could overwrite the data and replace old data with new data without storing the previous values.<\/p>\n<p>Fast-forward to today\u2014the same business practice puts buy-side firms at serious compliance risks for not storing the correct historical data in the event of an audit. Scarily enough, a number of today\u2019s portfolio management and accounting systems still overwrite data, and the most infamous of these are the legacy systems that we discussed in previous blog posts.<\/p>\n<p>Smart firms will leverage technology providers who integrate data management tools into their core applications to help them with this important industry issue. Those providers who have already invested in data management technology are the best bets to keep buy-side firms from running into compliance issues. At the same time, data management tools and technology will help these same firms stay ahead of their competitors.<\/p>\n<p>Share your thoughts on LinkedIn!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was a lot of press last week surrounding big data. While much of the discussion around big data applies to the sell side, it also applies to the buy side. <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_stc_notifier_status":"sent","_stc_notifier_sent_time":"2023-09-07 15:59:58","_stc_notifier_request":false,"_stc_notifier_prevent":false,"_stc_subscriber_keywords":"","_stc_subscriber_search_areas":"","content-type":"","footnotes":""},"categories":[177,100,38,46],"tags":[],"class_list":["post-970","post","type-post","status-publish","format-standard","hentry","category-ai-investment-management","category-blog-articles","category-data-management","category-legacy-systems"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Data Management Tools Are the Only Way to Handle Big Data<\/title>\n<meta name=\"description\" content=\"Data management tools are the only way to handle big data. 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