This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Data Divide: Institutional Investors Split Between Leaders And Laggards On Turning Big Data To Smart Data

State Street Global Exchange released today the following insights about the future of data and the institutional investment industry, which can also be found in a new report 1, “Leader or Laggard: How Data Drives Competitive Advantage in the Investment Community.” The study, conducted in collaboration with the Economist Intelligence Unit (EIU), surveyed more than 400 institutional investors globally and revealed an industry that is divided between “data leaders” and “data laggards.” The former are companies that harness data and analytics for competitive advantage and the latter still struggle to manage and exploit the full potential of their data.

The most pressing challenges that emerged as key concerns for the industry center on the volume, velocity and variety of data. Respondents noted challenges including the accuracy of data (37 percent), followed closely by the lack of integration between different data sources and types, and timeliness of data. Although two-thirds of executives agree that leading-edge data and analytics capabilities will be among their most important competitive advantages in the future, only 29 percent strongly agree that their firms are already gaining a competitive advantage from their data today. 22 percent have a high degree of confidence in their ability to optimize electronic trading strategies and 22 percent think their benchmark data is a significant strength.

“The pace and volume of change in the financial markets are pushing institutional investors to become more nimble and wield data strategically,” said Jeff Conway, executive vice president and head of State Street Global Exchange. “Data without the ability to deploy it to solve a problem is just noise. As investment opportunities are increasingly harder to identify and more complex to execute, firms who can prioritize their approach to data management will emerge as leaders.”

Data leaders are better equipped to manage these challenges and convert big data to smart data. They excel at extracting insight, managing risk and performance and trading electronically.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs