The Shift to Data Management

Asset management companies are increasingly recognizing the importance of data in driving future success. As firms strive to harness the power of data, they face significant challenges in developing effective data strategies and integrating various market data sources. This situation is likened to trying to grow corn while in need of bread, highlighting the disconnect between current practices and necessary outcomes. State Street has introduced solutions like State Street Alpha to help address these challenges, but the industry must prioritize refining their data strategies to unlock value from the data they possess.