Data management has long been treated as a ‘dark art’ due to the volumes and multiple data formats that firms are trying to manage across their business. Breaking down the silos, scrubbing, auditing and processing the data have often been considered mammoth projects that can take years to implement.
Markit’s approach is to make data management more accessible. Daniel Simpson, head of Markit Enterprise Data Management (EDM), says: “We don’t impose a standard data model. We are not prescriptive.