Bad Data, Bad Decisions: Bad Decisions, Bad Business

摘要

Data conflicts and errors add as much as 10% to trade processing costs. More than 30% of trade exceptions are associated with reference data problems. Compared to the $5 cost of an error-free trade, the cost of a failed trade ranges from $50 for domestic trades and to upwards of $150 for cross-border trades. Data is the pivot on which capital markets revolve. Data is the basis for making effective investment decisions, rational pricing, risk identification, compliance, business expansion and well-managed client relationships. With data and nothing else, it is possible to start a new business. According to Accenture research on sustained high performance by institutions in the hyper-competitive and regulation-burdened world of capital markets, there is no other single resource that is so closely related to the ability of the financial services companies to deliver service and generate profits.