An interesting trend we have seen is the growing appetite for transformation services from smaller asset managers. In the past, the mid to large to mega asset managers were the primary users of our consulting services. While that demand persists, we see the asset managers on the lower end of the AUM spectrum increasingly revisiting their operating models, modernizing their data platforms, and upgrading their digital capabilities on the manufacturing and distribution sides of the house.
My previous blog highlighted how transforming into a data-driven organization requires access to high-quality information from across the enterprise. Data accessibility is a top challenge because data is often spread across multiple data stores that use different technologies.
Asset managers hire top talent and want to get the most out of them. To do that, they need to be given the right information, tools, and culture to be successful. This includes freeing data and promoting a data culture where decisions and changes are made according to data-driven insights. Data is a product that drives business outcomes. Success comes from cultivating the best ideas and making the best decisions based on the best available data.