Photo courtesy: Flickr/ FilterForge

Photo courtesy: Flickr/ FilterForge

The Aite Group, which provides research and consulting services to the international financial services market, spends its fair share of time exploring the data and analytics challenges the industry faces. Senior analyst Virginie O’Shea commented on many of them during a webinar this week sponsored by enterprise NoSQL vendor MarkLogic.

Dealing with multiple data feeds from a variety of systems; feeding information to hundreds of end users with different priorities about what they need to see and how they need to see it; a lack of a common internal taxonomy across the organization that would enable a single identifier for particular data items; the toll ETL, cleansing, and reconciliation can take on agile data delivery; the limitations in cross-referencing and linking instruments and data to other data that exact a price on data governance and quality – they all factor into the picture she sketched out.

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