In 2016, we issued a paper on what we saw as five major innovations that were causing disruptions both within and outside of their respective industries. We are revisiting those themes one by one to provide you with an up-to-date picture of the innovations occurring in our industry today.
We now focus on Googlization 2.0. Data-smart companies are learning how to access, aggregate and distill competitive knowledge from a sea of previously inaccessible information. As the variety and volume of data balloons to almost unimaginable sizes, one would be hard pressed to find a professional in any field who is not at least aware that they should have a data strategy.
Modern finance was built on spreadsheets. It is not an exaggeration to say that Excel is one of the asset management industry’s cornerstones. Replacing such a fundamental piece would have been unimaginable only a few years ago, but it now appears inevitable. The volume and variety of data involved in so many workflows mean we have reached a tipping point where the stakes are too high and the benefits are too great to ignore.