Yellowbrick Modern Data Fabric Technologies For Markets - Yellowbrick Data

By Author: Yellowbrick
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Every financial institution I talk to is re-considering some aspect of their data infrastructure. Renewal is of course an ever-present feature of the financial technology landscape with firms racing to compete. However, current conversations feel different. When it comes to data, the subject turns quickly away from discrete systems towards data strategy and a unifying data fabric that elevates enterprise data management to a new level.

Financial institutions across the spectrum of capital markets activities are recognizing that insights into client preferences, market trends and other factors can yield substantial benefits in terms of customer satisfaction, new product development, and ultimately profitability.

At the same time, they’re realizing that the systems they have in place—some of them decades old by design—aren’t equipped to deal with the demands of modern-day financial markets.

Existing legacy data solutions—often deployed across different clouds and on-premises—are starting to create a drag on innovation, hindering firms’ ability to profit from emerging digital technologies. This ...
... is driving efforts to adopt new data fabric technologies to harness the vast data sets at their disposal and transform themselves into data-driven organizations.

The ongoing digital transformation in capital markets comes against the backdrop of a broader migration trend toward cloud hosting and delivery. Although they were initially hesitant for security and performance reasons, many financial firms now find cloud attractive. Cloud can boost agility to respond to emerging opportunities, while underpinning the shift from an on-premises capital expense model to a hosted operating cost model, reducing pressures on the balance sheet.