| Customer demands are changing radically in the | | | | The Enterprise Data Management (EDM) plan is |
| investment sector. Market volatility has played | | | | the starting point to making effective change |
| havoc with long term pension scheme planning. | | | | throughout the enterprise. It states the |
| Liability Driven Investment (LDI) and other | | | | destination and describes how you will get there. |
| investment planning approaches are emerging that | | | | It defines benefits and costs. It outlines potential |
| increase the pressure on Fund Managers to | | | | risks and provides guidance for handling them. It |
| develop effective new products and investment | | | | gives a set of measures that can be used along |
| strategies. Regulation is also on the increase as | | | | the way to judge progress and adjust the |
| investors and governments are demanding much | | | | journey according to changing circumstances. |
| greater transparency and openness in investment | | | | Knowledge is essential for effective planning. |
| practices. | | | | Knowledge of the enterprise and its relationship |
| Risk has to be managed more closely which | | | | with the wider investment sector is crucial. |
| means that information on Issuers, Guarantors, | | | | Knowledge of architectural concepts is important |
| Counterparties and other risk carrying entities has | | | | to the development of a realistic plan. |
| to be managed effectively and integrated with | | | | Enterprise Data Planning is based on proven |
| existing systems. Together with the natural | | | | business planning disciplines. Key architectural |
| growth in competition, these factors place huge | | | | layers for data and applications are then added in |
| pressures on Fund Management companies to | | | | order to provide an enterprise wide understanding |
| make radical changes. | | | | of the uses and interdependencies of data. This |
| Data is fundamental to any investment enterprise. | | | | enables the definition of the core components of |
| Effective, economic management of data | | | | the EDM plan: |
| underpins existing operations and enables the | | | | - Industry structure and business objectives |
| transformations that will be required to satisfy | | | | - Assessment of systems and services |
| changing customer demands, competition and | | | | - Target architecture for applications, data and |
| regulatory pressures. So Data warehouse(s) and | | | | infrastructure |
| other aspects of the overall data architecture | | | | - Target organization structures |
| become much more critical to the enterprise. The | | | | - Systems, database, infrastructure and |
| question is what process must the organisation | | | | organizational plans |
| adopt in order to identify, plan and implement all | | | | - Business case, costs, benefits, results and risks. |
| the necessary business and system changes. | | | | |