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SimCorp Survey Reveals Nearly Half of Buy-side Firms Lack Confidence in Their IT Infrastructure or DataNEW YORK, Jan. 24, 2017 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced the results of a comprehensive survey, titled 'Realizing Growth Through Operational Agility'. The survey examines the current state of IT and operations in the global buy-side investment management industry and includes several notable findings. This includes the fact that 47% of the surveyed firms lack confidence in either their IT infrastructure, their data, or both. The results also show that firms that are confident in both their data and infrastructure are much more likely to pursue a growth strategy than those with data/infrastructure problems. Further, firms with a lower degree of confidence in data or infrastructure are more likely to increase IT spend in the future, according to the survey. The availability of real-time data in the front office is generally perceived as an important factor in buy-side firms' ability to make quality investment decisions. The survey shows that almost half (47%) of the respondents do not have access to real-time data in the front office. When breaking this down by IT strategy, the findings show that more firms running on 'an integrated investment management solution' ave access to real-time front office data than those running with 'a core platform with multiple add-ons' or a 'best-of-breed strategy'. Other findings include:
David Beveridge, Senior Product Marketing Manager at SimCorp commented: "Having roughly half of all surveyed firms express a mistrust in either their IT infrastructure or data is alarming. While this is damaging to the firms' own ability to generate growth, the ultimate losers could very well be their clients. The survey results clearly suggest the integrated solution strategy as the most viable path to higher operational agility and efficiency." The survey was conducted in mid-2016 by the market research firm Lindberg International and covered 150+ respondents worldwide. For a full presentation of survey results and conclusions, please download the white paper: 'Realizing Growth Through Operational Agility'. Enquiries regarding this announcement should be addressed to: About SimCorp
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simcorp-survey-reveals-nearly-half-of-buy-side-firms-lack-confidence-in-their-it-infrastructure-or-data-300395596.html SOURCE SimCorp |