Market Data & Research Insights: Inside the Engine of the Investment Industry

November 23, 2021

Concertiv's Josh Webman participated in a panel discussion at the CFA Society of NY on July 28th, 2020

Key Takeaways

1: Align data portfolios with business strategy

- Track core and project-based data service contracts to allocate expenses alongside revenue.

- As data sources proliferate, an understanding of nuanced business requirements and vendors, vendor processes, and data supply chains is of paramount importance to enabling solutions for the business.

2: Institutionalize data services assessment

- Develop operating infrastructure and firm wide processes to evaluate emerging, alternative data sets alongside traditional ones.

- Leverage front-office teams, industry expertise, and benchmarking to assess commercial value, data quality, and overall utility for the business.

3: Involve stakeholders throughout the firm

- Include stakeholders across the firm in data procurement, especially in emerging areas such as ESG.

- Set expectations and integrate requirements from investor relations, legal, and compliance teams.

4: Be proactive and leverage industry resources

- Don't underestimate vendor sophistication around bundling, packaging, and other pricing strategies.

- Be proactive and come prepared to negotiations with industry intelligence, counter proposals, and a game plan that benefits all parties.

To see the full panel discussion, follow here.

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