Communications and Technology Industry Research

SimCorp recently announced that it found that buy-side firms across the nation were not confident about the quality of data they were receiving from disparate systems based on the results of a data management survey conducted in December 2011. The survey had polled close to 100 executives from 50 buy-side companies.

In a release, Matt Samelson, Principal at Woodbine Associates, the Stamford CT-based consulting firm, said, "The statistics are distressing. According to these numbers, 40 percent of those surveyed are making investment decisions based on poor quality data and nearly 30 percent do not have a near-real time view into their exposure, making it impossible for these firms to be agile and respond to shifting market dynamics. We as a community need to galvanize change in order to restore investor confidence.”

The results of the poll revealed that more than 40 percent of the respondents said that they were not happy about the quality of data received from disparate systems such as order management systems, performance and risk systems. The poll also revealed that 67.4 percent of respondents surveyed were of the opinion that data between disparate systems and sources required substantial reconciling efforts.

David Kubersky, Managing Director of SimCorp North America, said, “Improving data quality does not have to be rooted in a long and expensive enterprise data management undertaking. Investment managers that have adopted core multi-asset class investment accounting systems have a distinct advantage with data quality, as position data is already consolidated in a single repository across all instrument classes.”

The survey also revealed that close to 22 percent of the respondents said that it took days at a time for generating a report which featured their company's performance or exposure through all holdings while close to eight percent of the respondents saying that the time taken for generating the report could take more than a week.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO East 2012, taking place Jan. 31-Feb. 3 2012, in Miami, FL. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. For more information on registering for ITEXPO registration click here.

Stay in touch with everything happening at ITEXPO. Follow us on Twitter.