Take control of your data with cost-effective, flexible data management
Now more than ever, firms need to control the costs of managing and maintaining increasing volumes of data. Accurate mapping of a firm's data architecture is essential for effective data management, but this can be complex and expensive. Enterprise Data Management (EDM) managed services from IHS Markit provide the expertise and resources that enable firms to simplify data management, reduce costs and control their data.
Faster time to market – Remove the burden of standard data management activities to focus on core business and revenue enhancing opportunities
Sustainable cost reduction – Reduce fixed costs and expenditure associated with hardware, applications and management
Vendor rationalization – Consolidate data and expenditure
Operational efficiency – Break down existing silos, increase scalability and flexibility
Compliance – Facilitate faster, better integrated and more accurate regulatory reporting
Global staffing and support – Enjoy 24/7/365 global support from our managed services team
Not All Data Is Created Equal
While data management has traditionally been a fundamental activity of the technology function across financial services, executives are beginning to realize that their ‘one-size-fits-all’ perception of data management no longer passes muster. Firms cannot continue spending shrinking budgets on data management activities that provide limited differentiating value in an increasingly commoditized industry. To address these challenges, firms are exploring the possibility of outsourcing many lower-value data management activities to balance value, transparency and costs.