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

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
A Benchmarking System to Spark Companies to Action
Download the Report
Oct 25, 2024
Discover how Retrieval Augmented Generation (RAG) enhances AI accuracy by combining language models with real-time data retrieval, revolutionizing chatbots and search engines.
Oct 23, 2024
Market Note
This report explores how advancements in AI, including large language models and natural language processing, are revolutionizing every aspect of capital markets, from trading strategies to compliance and portfolio management.
Oct 22, 2024
Fact Sheet
Unified Data has the Power to Transform
Oct 22, 2024
ISG Research
This Ventana Research Buyers Guide: Data Platforms is an assessment of how well software providers’ offerings address enterprises’ requirements for data platforms software, evaluating software in seven key categories that are weighted to reflect buyers’ needs based on expertise and research.
Oct 16, 2024
Migration Options for Application & Solution Providers
Migrating InterSystems IRIS® and InterSystems IRIS for Health™ from on-premises to the cloud offers many advantages for Application Providers and Solution Providers. These advantages include simplified operations, access to flexible resources, and enhanced resilience. Companies no longer need to worry about the physical constraints and expenses associated with maintaining on-prem infrastructure, such as power and space requirements and expensive computer hardware.
Oct 16, 2024
TabbFORUM’s Market Structure Wave
In this edition of TabbFORUM’s Market Structure Wave video series, InterSystems Irene Galperin, Senior Advisor, Financial Services, discusses how firms in the capital markets have been investing and experimenting with AI, particularly most recently with the advent of ChatGPT. In this interview, conducted by TABB Group CEO Bruce Morris, Irene offers several use cases and explains that data is at the core of implementing AI, as data needs to be "high quality and consistent," essentially "AI-ready."
Oct 10, 2024
Get Your Data AI-Ready and Simplify Development and Deployment
Unleash the power of AI in healthcare with InterSystems solutions for seamless FHIR integration and development.
Oct 04, 2024
Product Fact Sheet
InterSystems Data Fabric Studio is an essential element of a modern data strategy required to enable growth, optimize business reporting, reduce risk, and support compliance for any firm in the financial services industry.

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.