How can clients leverage existing investment, but combine systems with vendor products to improve reference data management?
Batljan: As with every established business activity, priorities should be to always make sure existing data management solutions are functioning while finding new and creative ways to meet the future demands. As the markets are evolving and new instruments are traded, settled and reported to customers, there is always work to keep the model up to date while maintaining what already works. Data management is the process of continuous improvement. In cases where legacy platforms are not flexible and agile enough, there are always new products that can help with integration. Web service, various screen emulators and transformation tools can all be used to harness the power and leverage the existing investment in legacy platforms. One way to be successful is to ‘choose the battles’ by freeing up resources that can deal with issues in a creative way instead of rebuilding the systems that work already. By focusing on issues that are closer to the consumers of data, such as improving data di
