Data Management Consulting & Advisory Services
Our team of consultants combines industry experience with proven strategic frameworks to provide clients with rational, practical and implementation-ready services. With experience across the enterprise data management spectrum, we provide the expertise and support to allow you to achieve short term business goals and overall long term strategy.
From strategic direction to project execution, Lakefront’s management consulting practice focuses on the financial services industry - leveraging our prior experience while staying current with the changing data management landscape and the underlying technological, regulatory and business environment.
Specifically, we are committed to helping clients in the area of:
· Data Management Office (DMO), a services oriented business driven corporate data strategy to help formulate and guide a firm’s data management strategy, governance, policy and product management.
· Business Development – develop strategies to address market and business requirements for increasing sales and market penetration
· Product/Service Development – determine functionality and execution plans to launch commercial and/or in-house products and services
· Business Case Development and Analysis – EDM project justification and Buy vs. Build analysis
· Data Management Capability Assessments – Analysis of a client’s data initiatives and projects resulting in a rating, a gap analysis and a roadmap to achieve the planned future state that meets business needs for reference / pricing data
· Reference Data Management Expertise
§ Domain expertise in all asset classes including equities, fixed income and derivatives
§ Process evaluation and strategy recommendations related to data sourcing, consolidation, cleansing, and exception processing for improving data quality, reducing risk and promoting efficiency
§ Data modeling and field mapping for securities data
§ Advice and use of model driven architecture tools
§ Data quality enhancements via process and systems improvements
· Vendor Analysis, Comparison and Selection
§ Management of RFI/RFP processes
§ Identify and recommend new or replacement technology, products and services
§ Data Management Platform evaluation of build, buy or custom solutions
§ Data Vendor analysis – Evaluation and selection of data vendor content, including conversion support efforts.
§ Managed Data Service Vendor analysis – Evaluation and selection of vendors to provide managed data services for clients.