Specialist financial research firm FinTech Global has unveiled the DataTech50, a list identifying some of the biggest hotshots in data management within the financial space.
As companies continue their digital transformations and use technologies such as artificial intelligence, data governance is rising in stature as critical to boost operations and remain competitive players in the current market.
With the huge amounts of data available for firms to use to their benefit, being able to sift through the weeds and find actionable insights is becoming ever more important for financial services organisations.
The need to be able to secure and benefit from good, actionable data has never been more vital for businesses that are looking to stand out from the crowd. Recent research by Gartner previously outlined how serious the harvesting of poor-quality data can be, claiming such a practice can cost organisations on average $12.9m million a year.
An expert panel of industry experts and renowned analysts scrutinised and selected the finalist who made the DataTech50 list. The advisory board given the task of reviewing the list of more than 400 businesses who were shortlisted received in-depth and detailed information on each company from FinTech Global to help them come to their final decisions.
FinTech Global director Richard Sachar said, “As good data management continues to rise up the list of absolute imperatives for financial services businesses, there is a growing need for firms to be able to get to grips with the data they own and turn it into a competitive advantage.
“The DataTech50 list will help not just the firms looking to transform but also those within the financial sector who are seeking more insights and knowledge into the kind of innovation that is taking place within the data management space in 2024 and beyond.
A full list of the DataTech50 for 2024 and detailed information about each company is available to download for free at www.DataTech50.com.
