Enterprise Data Management

Enterprise data management is about more than an operational data store

Marc Rubenfeld, CIPM, Head of Eagle Solutions EMEA/APAC

dmSome think when it comes to enterprise data management systems that it’s purely about the integration and validation of different data from different sources and its movement downstream for use elsewhere in the business. This was certainly a view I heard repeated at a recent conference I spoke at in London that attracted business, data and IT professionals from investment management firms across Europe.

While handling active, current operational data is a crucial element of data management, it is just one aspect that is more appropriately described as an operational data store (ODS). There are other aspects, such as enriching, mastering, warehousing and “mart-ing”, that make data management a much broader discipline that can underpin fundamental processes and functions across the whole business.

Take the handling of accumulated historical position data to provide a permanent book of record, for example. Often referred to as the data warehouse, this is an incredibly powerful area of data management. Managed correctly, this data has the granularity, detail and analytical capacity required for risk management, performance measurement and attribution, regulatory reporting and compliance monitoring. It’s here – rather than in the ODS – that different asset classes, like private equity or real estate, are typically merged with equities for portfolio-level analysis. Not all data management systems provide this warehousing function and instead focus solely on the ODS side of things, but in order realise the full potential of their data, firms need their EDM platforms to be able to do both.

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Spotlight on Engage – Locking in on IBOR’s Moving Target

Paul McInnis, Director of Product Strategy, Data Management, Eagle Investment Systems

The concept of an Investment Book of Record, or an IBOR, has been around for years, as Eagle has been offering IBOR solutions as part of our Data Management platform for over a decade now. More recently, however, we have witnessed a renewed buzz around the concept, which has created some unwanted side effects. While this added attention has motivated investment firms to explore how an IBOR might apply to their business, the very definition of what an IBOR is has become convoluted. Ironically, this industry buzz has led to more confusion and less understanding around the acute business needs that demand an IBOR solution.
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Eagle Consultant and Analyst Briefing

Greg Farrington, US Sales Director

Last week we hosted a meeting to discuss our strategy and current industry trends with an audience of analysts and consultants. The meeting was very well attended with over 50 participants in the room and was interactive with a high level of engagement and participation from those in the audience.

The meeting focused on the challenges facing the industry, the technology solutions investment managers are looking for and how Eagle is responding to those demands. Perhaps unsurprisingly, many of these have data management issues at their core and can be addressed by the data-centric model on which Eagle was founded. The data-centric approach is integrated in everything we do and is one that is only becoming more relevant when I look at the issues facing our clients. Read More…

The Path to True EDM

Rob Brachowski, Reference Data Product Manager

Enterprise Data Management (EDM) is currently used to refer to a spectrum of solutions, ranging from ETL (extract, transform, load) systems along with basic data quality components, through to truly enterprise-wide solutions for managing and delivering all funds’ investment management data.

ETL is vitally important and often complex to achieve, coordinating data across multiple systems to ensure consistency and accuracy, but it is not accurate to define it as EDM. It is really just simplistic view of reference data management. Read More…

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