Why Asset Management Needs Data Governance Part 1: The Challenge.
Asset managers have long faced tremendous pressure to achieve high returns and investment outcomes, especially in a time of global pandemic and economic uncertainty. On another front, the world is changing due to the rapid rise of new technologies. In the wake of this, the emergence of strict financial data reporting regulations present devastating consequences if not followed. The challenge of the asset manager is exacerbated by an influx of data of an inconceivable volume at an enormous rate, whilst ensuring it all satisfies regulatory requirements.