By Nick Smee, CEO at Yotta
Effective asset management relies heavily on high-quality data. For many years it was lack of data that caused asset managers significant issue. Increasingly, asset managers are finding that they have too many sources of data, which can confuse and overwhelm their decision-making processes. This data is often kept in siloed systems or is generated from the Internet Of Things-enabled devices, both of which can lead to challenges of accessibility and choice.
Traditionally asset management software companies have been slow to bring innovation to the market and reticent to upgrade established software. This increase in data sources and volumes has brought with it a challenge to this conservative market. The traditional systems are not capable of either consuming or enabling insight into these vast or disparately held data.
