Now is the time to conquer the last mile to full data automation
By Christian Nentwich, CEO, Duco
Innovative new technologies and a desire to update the operating model are paving the way for financial services firms to automate data management across their organisation.
This is something that historically has been impossible due to the proliferation of financial systems and data formats that legacy technology is unable to handle.
The resulting mass adoption of spreadsheets as a workaround created a ‘last mile’ of data processes that firms have been unable to automate.
My paper for the Journal of Securities, Operations and Custody explores the current technology landscape in financial services, the problems this has created for data management and the benefits for firms of using new tools to conquer the ‘last mile’ of automation.
You can read it in full below.