FIMA EUROPE REPORT

Data as a Strategic Growth Asset in 2021

Lessons Learned from COVID-19 for Buy-Side and Sell-Side Data Managers

In Q1 of 2021, WBR Insights surveyed 100 Chief Data Officers and similar from buy-side and sell-side firms across Europe, to find out about the challenges they are facing in 2021, due to the impact of the COVID-19 pandemic, and the innovative solutions they are putting in place. The survey was conducted by appointment over the telephone. The results were compiled and anonymized by WBR Insights and are presented here with analysis and commentary by Stardog and others within the FIMA community.

Capital market and finance firms have had a rough ride of late. They face disruption from several directions. The urgency for technology innovation is one. A deluge of regulation, and most recently, the market volatility that the pandemic has caused, are others. Given the conditions that the sector has faced over the last decade-plus, it seems likely that the harsh realities from the 2008 financial crisis will be amplified post-COVID-19.

Following the financial repercussions of the 2008 crisis, COVID-19 is now accelerating digital adoption. The pandemic has served as an acid test for the robustness of firms’ digital infrastructure. Some of this transformation work was already underway.

Read the full report to learn how the global health crisis is catalyzing greater innovation and adoption of emerging technologies like Stardog, that promise both cost savings and efficiency gains.