Skip to content
Search to learn about InterSystems products and solutions, career opportunities, and more.

Financial institutions get smart about data (fabric)

Celent

colorful points of light representing smart data fabric

Financial Institutions embrace Smart Data Fabric approaches to better leverage enterprise-wide data for advanced insight capabilities

Executive Summary

Line of business (LOB) and technology heads at wholesales financial institutions (FIs) come from different angles in wanting to realize business outcomes and gain competitive advantage, but data is a unifying thread. As FIs move from process- to platform-driven organizations, the business focus has shifted to customer experience. This shift requires mastering and leveraging data for insight at an enterprise level. Leading FIs are turning to Enterprise Data Fabrics, the latest evolution of data management approaches, for help.

While excitement over advanced analytics, data science, and artificial intelligence (AI) is palpable, easy access to data—where, when, and by whom it is needed—is a work in progress. A wide mix of data types and systems and a history of disjointed business expansion common to FIs means data remains siloed across numerous platforms, tuned for very different use cases.

Within capital markets and across banking for example, trends such as the move to cross-asset trading at both asset managers (buy side) and banks/brokers (sell side), requirements for 360-degree customer views, the continual regulatory onslaught, and a desire to simplify architecture mean it is time for a rethink in the approach to data management and analytics. A key question for today’s FI is whether a trade-off in cost versus performance when architecting data infrastructures—which dictates different solutions by use case—still holds true.

In other words, is having different data management platforms or centralized data stores by use case cause still required? What if one data management platform could service enterprise data management and analytics needs, regardless of the end user? What innovation could be unleashed with freer access by business users to data and data tools? Celent research has found that leading capital markets’ FIs are exploring Data Fabric approaches to answer these questions.

This research report aims to review Data Fabric approaches empowering FIs to achieve smarter data enablement, “information fluidity,” and a simplified data architecture. This paper also discusses how leading Financial Institutions are positioning their business for success in utilizing high fidelity data and coherent collaboration across the enterprise by embracing “Smart” Data Fabric approaches.

RELATED TOPICS

Other Resources You Might Like

Nov 21, 2024
Make Your HIE Vision a Reality
Specifying Requirements, Evaluating Technologies, and Selecting Partners Download the Planning Guide
Nov 11, 2024
Fundamentals
Discover how healthcare interoperability enhances patient care, data sharing, and innovation.
Nov 09, 2024
Forrester Research
InterSystems Positioned as a Leader in The Forrester Wave™: Translytical Data Platforms, Q4 2024, recognizing and evaluating comprehensive real-time transactional-analytical (“translytical”) capabilities
Nov 08, 2024
Fundamentals
Discover how data mesh architecture and InterSystems can help your organization better manage, scale, and use data across teams.
Nov 08, 2024
Fundamentals
Compare data lakes and data warehouses: Learn their key differences, benefits, and ideal use cases to choose the right data storage solution for your business.
Nov 06, 2024
Fundamentals
Learn what data lakes are, how they store and analyze raw data, and how InterSystems IRIS helps manage them effectively.
Oct 31, 2024
BLOOR Research Opinion Article
This article from UK Analyst Bloor Research recognises the capabilities and advantages of InterSystems IRIS data platform as an "innovative and powerful data management platform" and it’s Smart Data Fabric capabilities offering a market differentiator.
Oct 31, 2024
HIMSSCast
How to get the most benefit from machine learning and AI How can healthcare organizations best leverage artificial intelligence (AI) tools, including generative artificial intelligence (GenAI)? Join Alex MacLeod, Director of Healthcare Solution Innovation at InterSystems, as she discusses key steps and challenges for organizations interested in adopting AI and other advanced technologies, as well as use cases that can improve care delivery and drive operational efficiencies.
Oct 31, 2024
A Benchmarking System to Spark Companies to Action
Download the Report
Oct 25, 2024
Fundamentals
Discover how Retrieval Augmented Generation (RAG) enhances AI accuracy by combining language models with real-time data retrieval, revolutionizing chatbots and search engines.

Take The Next Step

We’d love to talk. Fill in some details and we’ll be in touch.
*Required Fields
Highlighted fields are required
*Required Fields
Highlighted fields are required

By submitting your business contact information to InterSystems through this form, you acknowledge and agree that InterSystems may process this information, for the purpose of fulfilling your submission, through a system hosted in the United States, but maintained consistent with any applicable data protection laws.



** By selecting yes, you give consent to be contacted for news, updates and other marketing purposes related to existing and future InterSystems products and events. In addition, you consent to your business contact information being entered into our CRM solution that is hosted in the United States, but maintained consistent with applicable data protection laws.