We invited our customers to our annual Americas Client Conference in NYC to share product updates and to hear about the latest data management challenges and opportunities across our diverse client base. A total of three main events occurred around this time, also including our Technology Roundtable and User Group on the previous day.
The inaugural User Group meeting was held and chaired by Lee Whittier from State Street Corporation at Bryant Park Hotel one day prior to the Client Conference. The group was a good chance to discuss and identify best practices. One of the main takeaways was confirmation that release candidates would be made available to users in the form of demos and documentation for input and feedback prior to the main product release.
The Technology Roundtable was facilitated by Asset Control’s CEO Mark Hepsworth and CTO Igor Pirolli. This included an in-depth discussion about the growing trend of business users who want direct access to data sources and an increasing number of data sources. Business users no longer want to go via an IT team to access data but want to be able to facilitate this themselves and do it rapidly. The increasing demand for ad-hoc data discovery access and real time data, as well as what institutions want data lakes to provide were also discussed. Asset Control outlined its plans for Lago during these discussions, a new NoSQL data delivery, storage and analytics platform that is currently in development.
With EDM currently being in the spotlight due to shifting regulatory, data sourcing and infrastructural demands, Asset Control’s product strategy for 2017 was outlined in detail at the Client Conference. Martijn Groot, VP of Product Management, laid out our product roadmap for the short and medium term, which is focussed on the following:
- facilitating easier and faster access to data and reporting options, for business users (REST API and AC Connect)
- addressing regulatory requirements through the right content coverage and business rules, including MiFID II and FRTB (feed handlers and Risk Data Manager)
- The investment Asset Control is making in new technologies, particularly Cassandra and Spark (ACX and Lago).
Product Manager Hugo Boer’s Rest API presentation demonstrated how users can simply access data from AC Server through a web services interface, granting easy access to data and meta-data, and integrating straightforwardly with external applications. He also demonstrated displaying data through BI tools such as Qlik™ and Tableau™.
The conference included a presentation on AC Connect, Asset Control’s module for delivering data for downstream consumption. It was announced that version 2.6 will enable users to more quickly and cost effectively deliver data to downstream users and systems, as well as create BI tools reports.
AC Risk Data Manager (RDM 2) was highlighted, which is a new product that allows users to optimise the use of time series data as well as proxy market data and facilitate stress testing and aspects of FRTB.
Simon Rayfield, Head of Client Services, also presented on the ways that Asset Control is continuing to refine the customer experience. Innovations in this area included the recent introduction of survey feedback forms and upcoming enhancements to our operational processes internally and helpdesk issue control.
Asset Control was pleased to welcome its guest speaker Gerard Francis, Global Head of Bloomberg Enterprise Solutions. Gerard presented an overview of the data trends Bloomberg is seeing and some of the new product initiatives they are working on.
Mark Fischer, Information Senior Manager from investment firm Capital Group, offered a helpful insight into the advantages and challenges they have encountered as a customer whilst using AC Plus.
“2017 has been an exciting year so far and I can’t believe how fast it’s moving. The data management space is in a period of immense change and the opportunities for us and our clients have never been better. We are so fortunate to have a client base that is so engaged and I look forward to strengthening these relationships,” said Robert O’Boyle, Managing Director of the Americas.
The Asset Control team was delighted to see so many of their clients gathered together and appreciated the chance to clearly communicate the company’s vision for the future.