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

Author

Listed:
  • Nentwich, Christian

    (Co-founder and CEO, Duco, UK)

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.

Suggested Citation

  • Nentwich, Christian, 2022. "Now is the time to conquer the last mile to full data automation," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 14(4), pages 329-341, October.
    • Handle: RePEc:aza:jsoc00:y:2022:v:14:i:4:p:329-341
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    More about this item

    Keywords

    data; automation; machine learning; digital transformation; business agility; data governance; spreadsheets;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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