Why firms use our data consulting services...
Source: global survey of 133 buy- and sell-side firms on how they manage their data by Accenture & Greenwich Assoc.
THE PROBLEM — Making data ready for use is hard to do well every day. Data validation and data cleansing requires particular know-how. Data integration is not always straight forward. Writing and maintaining scripts to automate the process sucks up more resources than you may realize. The challenge is caused by the inherent characteristics of data:
Add to these challenges, the demand for quality reference data, corporate actions, closing prices, and more alternative data continues to grow. This puts an amazing amount of pressure on you and your data team. Often the responsibility of getting data "ready to use" is pushed downstream to the end-users of the data (e.g. quants, analysts and portfolio managers). But is that the best solution? Think about it... quants are hired to find alpha, not "massage" data.
- Multiple sources with various file formats & delivery methods
- Missing and/or inaccurate data
- Notoriously poor support from exchanges & vendors
- Tight deadlines to make data ready to use
- Limited in-house staff & resources available
Add to these challenges, the demand for quality reference data, corporate actions, closing prices, and more alternative data continues to grow. This puts an amazing amount of pressure on you and your data team. Often the responsibility of getting data "ready to use" is pushed downstream to the end-users of the data (e.g. quants, analysts and portfolio managers). But is that the best solution? Think about it... quants are hired to find alpha, not "massage" data.
How our data experts can help you...
What if you had a team of data experts to whom you could offload some of your data tasks?
OUTSOURCE vs. DO-IT-YOURSELF — Of course you are intellectually able to do all the tasks required to make your data ready for use. However, the question is should you do all those tasks in-house? Or would your time and limited resources be better served by outsourcing the more tedious tasks?
HOW WE CAN HELP — Our data consulting services can help you with:
OUTSOURCE vs. DO-IT-YOURSELF — Of course you are intellectually able to do all the tasks required to make your data ready for use. However, the question is should you do all those tasks in-house? Or would your time and limited resources be better served by outsourcing the more tedious tasks?
HOW WE CAN HELP — Our data consulting services can help you with:
- Finding reliable sources of the data you need
- Data validation
- Data cleansing
- Data integration
- Providing outsourced data support to research & resolve data exceptions when they occur