As firms become aware of the hidden costs of managing the ever expanding range of increasingly complex data, they are looking to managed data services like RIMES to improve scalability and agility whilst also reducing costs. However, whilst the benefits of a fully managed data service are clear, quantifying those benefits to make a business case can be challenging, especially when taking into account the savings from eliminating hidden costs. We commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study on the RIMES Managed Data Service (MDS) to help you understand and quantify the benefits of our services.
RIMES has been researching and promoting best practice data management for a number of years, both as a means to improve data quality and in response to the increasing impact of regulations on data management. But what has been missing is a way for firms to understand how they stand in relation to their peers, and what more they need to do to improve. We commissioned Forrester Consulting to use their existing data management readiness framework to explore the current data priorities and challenges of the buy side, as well as assessing and rating the data management capabilities of 100 different buy side firms worldwide.