Administrator

DevOps – it takes a village to do data management

DevOps – a portmanteau of Development and Operations – seems to be flavour of this month. Briefly defined, it is a methodology that forces these two often fractious disciplines closer together.

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Fintech will do to the banks what Amazon did to the book stores

Insurgent service providers are using new technology to disrupt traditional banks. Booksellers like Borders were crushed by new ways of selling books. The bank’s days are numbered. Or is it that simple?

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Legacy data management vendors: You’re fired!

Insurgent software vendors are using both new technology and fresh thinking to disrupt legacy data management vendors. The 2008 crisis was more than a just a big credit squeeze that led to a horrible recession – it was a watershed.

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Digging up the road one regulation at a time

The alphabet soup of regulatory demands continues to occupy our minds and budgets.  One constant theme – we are now in an era of constant regulatory change.  The global regulators and politicians will see to that. What to do about it?

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No-nonsense summary of data management generations

Data management software vendors are notorious for excessively complicated, jargon-filled or confused explanations of their technology and its benefits. This blog is a succinct, simple summary of how data management has evolved to where we are now over the years.

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Could a robot do your job?

Artificial intelligence is advancing. Medical diagnosis, stock trading, even cow milking are applications being applied to artificial intelligence techniques today. How long before a robot takes over your job?

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Plugging your toaster into a nuclear power station

We call it the “Last Mile Problem” and we see it a lot. Financial institutions consume a lot of market data and they tell us it is hard to manage and needs a lot of work. Meanwhile, we also speak with market data vendors and they often tell us that onboarding new feeds into clients or upselling more data to existing clients is slow and costly. This is the same problem seen from both sides.

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From data lake to data swamp

“Our data lake turned into a data swamp!” We are hearing this observation more often. Why is this happening and what can be done to mitigate?

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We need a little Jerry Springer

Regulators are turning up the heat on data quality management in financial institutions. Some regulations require named senior management ownership of the data governance function. Others come at the same issue indirectly, demanding proof of quality processes used by financial institutions to make their regulatory filings. Either way, the objective is the same – to require a named person to bear responsibility for the correctness of data used to run the business and construct routine regulatory filings. The message from politicians is clear – in the next crisis, if the filings were wrong, somebody is going to jail.

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What does it take to innovate?

It is widely acknowledged that big companies routinely struggle to innovate. Maybe they are forgetting there’s always more than one way to crack a nut.

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About Stream Financial

We enjoy those intractable business problems you hate. We employ our experience and leading edge software solutions to help your organisation realise it’s full potential. Our approach is widely effective for business processes across all organisations and business sectors.


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