Research Report Shows Financial Firms Lack Sufficient Infrastructure for Growing Demand
Two-thirds of financial services firms fear their analytics programs and infrastructures will not be able to handle increasing analytical complexity and data volume, according to a just-released Research Report, featuring a survey of financial services professionals and conducted by Wall Street & Technology in conjunction with Platform Computing, SAS and The TABB Group. Completed in July 2010, the survey indicates that firms are hampered by a lack of scalability, inflexible architectures and inefficient use of existing computing capacity. Noteworthy differences exist in the challenges being faced by both buy- and sell-side firms, with sell-side institutions more likely to report a lack of a scalable environment, insufficient capacity to run complex analytics, and contention for computing resources as significant challenges.
