Don't skimp on data management

Not spending enough time, effort or money on enterprise data management can lead to increased risk and decreased competitive advantage, especially in financial firms. Without effective data management, companies often have dozens of different databases with redundant information--much of it wrong--and dozens of applications that use data from as many as 15 third-party providers. Failing to dedicated the resources to fix this mess can leave financial firms non-compliant with Sarbanes-Oxley and other federal data retention and compliance statutes, while also exposing companies to increased financial and operational risk. Investing in effective technology to clean up enterprise data stores will yield big dividends.

Learn more about developing an effective enterprise data management strategy:
- read the article at Wall Street & Technology