Data Management Trends in the Financial Services Sector
The world is evolving at a rapid pace. New technologies are emerging at a neck-breaking pace. This evolution of technology and data has heightened regulators' expectations and intensified market competition. Advancements in technologies like cloud computing, artificial intelligence (AI), machine learning (ML), and open application programming interfaces (APIs) are also reshaping the data supply chains of financial institutions. This transformative landscape is compelling leaders in data and technology to consider significant modernization efforts in tools and infrastructure to stay abreast of these dynamic shifts. It becomes imperative to invest in a data management program that would lead to a fundamental transformation. By taking inference from Deloitte's “ Data Management ‘Now’ for Financial Institutions Investing in change ‘next’” article, we’ve collated some of the crucial data management trends in the financial services sector and possible agendas to combat the si