Now is the time to conquer the last mile to full data automation

Christian Nentwich
Additional contact information
Christian Nentwich: Co-founder and CEO, Duco, UK

Journal of Securities Operations & Custody, 2022, vol. 14, issue 4, 329-341

Abstract: Innovative new technologies and a desire to update the operating model are paving the way for financial services firms to automate data management across their organisation. This is something that historically has been impossible due to the proliferation of unstructured financial data that legacy technology is unable to handle. The resulting mass adoption of spreadsheets as a workaround created a ‘last mile’ of data processes that firms have been unable to automate. This paper explores the current technology landscape in financial services, the problems this has created for data management and the benefits for firms of using new tools to conquer the ‘last mile’ of automation.

Keywords: data; automation; machine learning; digital transformation; business agility; data governance; spreadsheets (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/7301/download/ (application/pdf)
https://hstalks.com/article/7301/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2022:v:14:i:4:p:329-341

Access Statistics for this article

More articles in Journal of Securities Operations & Custody from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().