FactSet’s clients in the performance measurement space are grappling with issues — data management persistence and consistency, experimentation with artificial intelligence (A.I.) technologies, embracing new asset classes, and other pain points. But FactSet reports that while it is leading the way on these issues it has found a way around data and IT silos that lead to conflicting results, and other woes.
“Those types of silos can really cause issues for clients in terms of redundancy but also in terms of potential data issues and downstream effects,” says Pat Reilly, CFA, senior vice president, senior director, middle office – Americas, FactSet, in this FTF News video.
“One of the ways that we really look to remove those silos or those issues for our clients is the concept of a performance book of record or creating a golden source of data that can be used across organizations without impacting the underlying raw data. So, basically, we’re putting a wrapper on top of that golden source data, which can be manipulated based off of a risk user or a performance or an attribution user while leaving the underlying data fully intact with that integrity,” Reilly adds.
Also in this video, Reilly and Sean Murray, senior vice president, senior director, performance product management at FactSet, focus on:
- The major pain points for 2025 and beyond
- FactSet’s plans to expand data offerings, deepen client workflow integration, and innovate with artificial intelligence
- Ongoing budgeting and headcount pressures
- Client concerns about A.I.-based solutions, and
- What customers expect next.
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