The asset management industry is facing unprecedented challenges. Increased regulation and growing cost pressures alongside tough economic conditions are reshaping the way asset managers operate. At the same time, client expectations are rising as technology advances, driving demand for faster, more accurate and transparent services.
Compounding this, the scale and complexity of data that needs to be acquired, stored and reported is reaching new heights, putting further strain on existing systems.
Historically, Enterprise Data Management (EDM) systems have been the go-to solution for managing the vast amounts of data in asset management. But as data volumes surge and regulatory requirements intensify, traditional EDMs are proving insufficient. A more intelligent approach is needed to maintain efficiency and meet evolving standards.
Enter the Product Master – a critical solution that not only materially enhances data accuracy and quality, but also improves speed to market, making it essential for asset managers today.
For the asset manager, incorporating a Product Master is no longer a luxury – it’s a necessity to future-proof the business.
In this report, we’ll cover:
- The fundamental differences between an EDM and a Product Master.
- The enhanced benefits a Product Master offers, including improved data quality, speed, efficiency and cost.
- The potential risks of failing to adopt a Product Master in the coming years.
- How to solve the primary challenge facing asset managers today: data confidence.