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Big-data

Getting More from Data

The use of data, and protection of confidential client information, will play an extremely important role in the future of financial advisers in South Africa.

Whilst it makes good sense to invest in technology in order to comply, one should consider actually finding a solution that will, at the same time, enable one to use this data to good effect in eliciting more revenue for the business than the cost of compliance.

Envestnet, A US company, recently published an interesting article with the above title on the InvestmentAdvisor website in which it discusses the advantages of the opportunities presented by data aggregation and data analytics.

If you are not familiar with these terms, it may be worthwhile getting to grips with it. Click here to read the white paper on the InvestmentAdvisor website.

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