iTWire The Qlik data fitness program for data integration results
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COMPANY NEWS: There’s a myth that data integration doesn’t deliver immediate results. However, nothing could be further from the truth. Data integration is like fitness: it’s a journey, and organisations can make big “gains” quickly by focusing on different areas; just like at the gym where you might have leg day, chest day and so on.
So what is data integration? Too often, businesses silo their data. Data integration collects and interprets multiple datasets across the organisation, removing silos. This integration then creates a pipeline and a unified data environment, which enables organisations to respond to change and innovate more quickly.
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Date
27/01/2021
BMLL and WBR Insights today published new buy side research exploring how market participants use Level 3 data and analytics in their daily trading decisions to uncover predictive signals for algorithmic performance.
The Whitepaper “
Buy-side usage of Level 3 data analytics for algorithmic performance” found that high quality data has become a commonly utilized commodity by most market participants who manage their AUM quantitatively; 74% of respondents said they use Level 3 data in their research program to improve alpha generation and mitigate risk.
It is clear that data and analytics play an increasingly important role in the workflows of all capital market participants. However, utilising vast data sets for alpha generation is both labor and capital intensive. Firms lack the in-house resources to manipulate the data and face prohibitive cost when looking to acquire or analyze it.