Trying to solve the data riddle purely through architecture is missing a vital point
By Mark Sykes, group market strategist at Kx
the cost of compliance is perhaps the number one issue in the
boardrooms of banks across the world. Banks and brokers have
invested time, energy and money trying to solve the issue with
varying degrees of success; firms are rethinking data,
technology and the underlying concept of time to overcome the
challenge is that regulations and the need for more insight and
control all require far greater integration of data. Many have
deployed solutions to help do this cost-effectively –
and terms such as 'enterprise-wide view’ have
understandably become popular. However, trying to solve the data riddle purely
through the lens of architecture is missing a vital point: the
unifying factor across all data is a dependency on time.
The ability to capture
and factor in time when ordering events could truly be the key
to unlocking the real cost efficiencies.
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