Finance

Data Management

EDC & Axon Implementation at Global Asset Manager

  • One of the world’s largest independent asset managers, with $1.3T under management

Business Need

  • Catalog large volumes of internal and external data, improving availability to fund managers, data scientists, and data analysts
  • Semantic search for key indexes, index performance, fund performance, geographic, demographic, and market data
  • Serve a broad group of stakeholders including Quants, data science teams, data stewards, and data management
  • Centralize management of enterprise-wide “data dictionary”

Challenge

  • Complex data environment across applications, cloud data lake (Hadoop), and databases including:
    • 17 external datasets including uncategorized third-party data from sources such as MSCI, Bloomberg, and Federal Reserve
    • 184 tables
  • Overcoming product and client security and complexity infrastructure issues
  • Changing client culture from an “ownership” model to a federated model

Solution & Results

  • Installed, configured, and tested EDC and Axon across the enterprise
  • Scanned and profiled all data and enabled technical metadata in EDC
    • 200 data elements, 8.4M variables, 2.9B rows
  • Enabled semantic search in Axon, estimated impact 13% profitability
  • Simplified, automated search for related information, scanning all data sources without regard to format or location, reducing search time by 31%
  • Business glossary productionized and adopted by 3 business lines
  • Enabled client to track data lineage, perform data profiling, search data, and view data quality scores for a target quality increase of 28%