The Enterprise Data Management (EDM) Council and Headstrong to Release Data Management Maturity Benchmarking Survey

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Survey partnership between EDM Council and Headstrong produces essential findings for development of industry best practices. More than 60 financial institutions surveyed to identify current state of Data Management Maturity

We hope to make this survey into an annual event that will help build statistical data over the years about state of Data Management in the industry.

The Enterprise Data Management Council, in partnership with Headstrong, the Wall Street’s leading IT consulting company, today announced the completion of a benchmarking survey on the current state of Data Management. The survey findings will be released and presented on Wednesday, September 15 in New York, NY. The industry survey analyzes the current trends and challenges associated with reference data management and will be used by the EDM Council to substantiate the Data Management Maturity (DMM) Model, which is intended to provide an industry standard for best practices.

“The EDM Council is the best suited industry body to capture this data and Headstrong’s partnership with EDM on Data Management Maturity, and consequently on the benchmarking survey, has proven very beneficial. Furthermore, Headstrong is very excited to see the industry participation in the survey; with 61 participating firms, including 21 sell-side, 34 buy-side and six universal banks across both Europe and North America and all tiers, the survey produced a very balanced representation and reflection of the industry itself, “ says Rohit Mathur, Head of Enterprise Data Services for Headstrong. “We hope to make this survey into an annual event that will help build statistical data over the years about state of Data Management in the industry.”

Global interest in the data quality and comparability objectives of data management is at an all-time high and is propelled by the forces of business logic (both efficiency and growth) and regulatory compulsion. As a general rule, large, multi-national universal financial institutions and tier-1 buy-side firms are ahead of the industry in every critical category. The sell-side recognizes the data imperative, but is just now getting underway in addressing their internal data challenges.

The report is structured in alignment with the primary categories associated with the EDM Council’s DMM initiative including data management strategy, operations and sourcing, platform and technology, and quality. The survey was sponsored by Headstrong, with analysis completed by the EDM Council, Headstrong and element22, and executed by Lepus.

About Headstrong

Headstrong (http://www.headstrong.com) is a global consulting and IT services company with a specialized focus in financial services. In particular, it is the world’s leading offshore outsourcing company for the capital markets and securities industry.

With nearly 30 years of proven results and projected 2010 revenues of more than $200 million, Headstrong’s model of specialization in the financial industry has yielded sustained year-on-year growth in earnings, profitability and market recognition. Headstrong operates in 8 countries, with more than 3000 employees. Outsourcing services are provided from offshore centers in India and the Philippines.

“Headstrong” is a registered trademark of Headstrong Corporation in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.

Press Contact:

Kerry McFadden
Senior Executive, Marketing
Phone: 703-272-6732
Cell: 321-439-6959

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Shravan Bharathulwar
Headstrong
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Kerry McFadden
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