Data management has become one of the key pillars of a fund in an effort to cope with the rise in amount and volume of unique data sources. While the new world of limitless data opens the door for new opportunities, many firms are deeply concerned about its impact on regulatory and reporting obligations. In order to ensure compliance with regulators, the consistency and accuracy of a fund’s data is paramount. And, while a fund might have implemented a variety of systems over the past few years to increase efficiency and access to reliable information, many managers are realizing that they are facing a whole new set of challenges in the year to come.
