Asset managers make critical data-driven decisions on every business day, unlike other industries where such decisions are made relatively less frequently.
In the case of asset management firms, when there is a change in the rating of a security, it has greater implications on its price, which requires the attention of the asset managers. This is one such example reflecting the criticality of data in asset management firms from the day-to-day operations perspective.
In our experience, serving asset management firms, we have come across many such scenarios, including monitoring and maintenance of percentage of asset allocation in portfolios, clients’ investment preferences, benchmarking performance, tracking corporate actions, maturity of bonds, expiry of futures and options, calculation of NAVs, abnormal dynamics in the price of securities, etc. All these scenarios demand instant monitoring and notifications, and timely decisions from the asset managers.