Interesting themes prevailed at the first annual RIMES Forum in Dublin; data rationalization isn’t a reality for many firms, which sometimes means walking away from new opportunities if margins are too tight. And for some the data centralization model isn’t delivering the right level of data quality, increasing staff numbers to compensate.
The impact of regulation is big on the horizon, with an expectation that key directives could generate the industry a lot of issues which could be costly to fix. At the moment data governance isn’t high on many corporate agendas but there was a consensus that firms will need to invest heavily in this direction in 2014 and beyond.
RIMES will continue to assess the impact of new regulation on our clients and evolve our service offering accordingly.