Private equity firms and managers are significantly expanding initiatives focused on how data is accessed and used in order to elicit more actionable insights and implement a better data management strategy. And, as deal-making becomes more competitive, the need to strengthen investor relationships grows as well. Fortunately, new data technologies can boost transparency and accuracy around research, financial strategies, deals, and assessments.
As an expert in investment management data strategy, Altvia Founder and CEO Kevin Kelly was featured in an article published by FundFire, a Financial Times publication. Titled Blackstone, KKR Move to Revamp Data Strategy, the piece, which requires subscriber access, addresses growing trends and increasing industry needs around data strategy and solutions in the private equity marketplace.
Long-Standing Pain Points in Investment Management Data Strategy
Pain points for firms include the challenges associated with growing volumes of disparately stored data. And these issues go back many years, as The Economist Intelligence Unit found in a 2015 survey of 201 asset and insurance executives. Today, the need to manage data more effectively is driving many firms to consider more sophisticated data solutions.
According to the FundFire article, firms like Blackstone Group and KKR are committing significant resources to data strategy in order to increase the effectiveness of deals, investing, and operations. Data warehousing–using a central data repository created from disparate sources–is also being implemented by a growing number of firms in order to increase data accessibility and usability that can aid in the decision-making process across teams.
Report: Enact Your Investment Management Data Strategy Now or Fall Behind
FundFire also notes that according to a new report from Deloitte, firms and managers should actively improve their data handling methods. And they need to do so relatively quickly in order to avoid “strategic risks” and “outmaneuvering” by competitors.
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