Customer demands are altering significantly within the investment sector. Market volatility has performed havoc with lengthy term pension plan planning. Liability Driven Investment (LDI) along with other investment planning approaches are emerging that boost the pressure on Fund Managers to build up effective new items and investment opportunities. Regulation can also be on the rise as investors and governments are demanding much greater transparency and openness in investment practices.
Risk needs to be managed more carefully meaning info on Issuers, Guarantors, Counterparties along with other risk transporting entities needs to be managed effectively and integrated with existing systems. Along with the natural development in competition, these 4 elements place huge pressures on Fund Management companies to create radical changes.
Information is important any investment enterprise. Effective, economic control over data underpins existing operations and enables the transformations that’ll be needed to fulfill altering customer demands, competition and regulatory pressures. So Data warehouse(s) along with other facets of the general data architecture become a lot more important to the enterprise. Now you ask , what process must the organisation adopt to be able to identify, plan and implement all of the necessary business and system changes.
The Enterprise Data Management (EDM) plan’s the beginning indicate making effective change through the enterprise. It states the destination and describes how to make it happen. It defines benefits and charges. It outlines potential risks and offers guidance to handle them. It provides some measures you can use on the way to evaluate progress and adjust your way based on altering conditions.
Understanding is important for effective planning. Understanding from the enterprise and it is relationship using the wider investment sector is vital. Understanding of architectural concepts is essential to the introduction of a practical plan.
Enterprise Data Planning is dependant on proven business planning disciplines. Key architectural layers for data and applications will be added to be able to offer an enterprise wide knowledge of the uses and interdependencies of information. This permits the phrase the main aspects of the EDM plan:
– Industry structure and business objectives
– Assessment of systems and services
– Target architecture for applications, data and infrastructure
– Target organization structures
– Systems, database, infrastructure and business plans
– Business situation, costs, benefits, results and risks.
Outdoors Systems Group have evolved the TOGAF enterprise systems planning process for this function. It functions being an extension to get affordable business planning methods to supply a framework to add mass to the systems and knowledge architectural components which are necessary to the introduction of a practical program for enterprise wide change for any fund management company.