Streamlining fund performance and reporting – case study #2

With the rapid advancement of technology and the rise of big data, asset managers face a myriad of challenges in managing, analyzing, and reporting data. The global failure rate of data management projects is approximately 50% (https://www.datascience-pm.com/project-failures), a significant statistic that has cost businesses millions of dollars in avoidable mistakes. The root of this issue lies in the outdated legacy systems prevalent in the industry that struggle to meet the evolving needs of modern businesses.

For this case, an investment firm was experiencing the following pain points, which are also common across the financial industry:

• Complexity in data source landscape: Data coming from multiple fund administrators and internal systems in different formats and standards
• Over-reliance on manual processes: They have to manually validate, aggregate, and visualize data with spreadsheets and PDFs (Figure...