Asset managers have seen an explosion in the amount of data available to them – but that data is not always easily leveraged as insights.
In a recent BNY survey of about 200 asset managers globally, 93% of respondents said that they are expanding plans to increase the use of analytics and insights in portfolio management. But at the same time, 49% said that obtaining real-time, high-quality data was one of their top three challenges, and 46% said the same about the reliability, completeness and freshness of data and sources.
A recent article from Global Custodian shows how BNY is helping clients reveal unseen possibilities with new technologies, collaborations and a philosophy that data has become the world’s most important asset class.