According to a FE fundinfo survey of 103 UK asset managers with at least £1bn in assets under management, 79% of firms considered data intelligence increasingly important, with 48% planning to significantly invest in data management infrastructure, while 88% agreed that accurate and timely data is essential in the context of driving asset growth.
In addition, 47% of respondents saw asset growth as a top challenge over the next three years, highlighting the pressure of rising costs and narrower margins on returns across the industry.
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Asset managers prioritise investment in data management infrastructure in AUM growth drive
