IMD & IRD Awards 2023: Best enterprise data management provider—S&P Global Market Intelligence

Overview

S&P Global Market Intelligence’s flagship master data management solution, EDM, is used by over 200 organizations in the financial services, energy, and maritime sectors to make better use of their data and streamline operations. Over the last year, the firm has won a number of new mandates for EDM, including 15 new clients, as well as major new projects with existing customers.

The solution

EDM is a platform that has been refined over the last 15 years. It allows users to pull together disparate data types from multiple sources in a single hub to create consistent versions of the truth. Data lineage ensures that firms can track where data has come from, who has touched it and when, the rules that have been applied, and where it has been distributed. Clients benefit from improved data governance, transparency, quality, data integration and dissemination, all accessible via a web interface. EDM is complemented by S&P Global Market Intelligence’s Data Dictionary solution, which provides users with visibility of the available data across the enterprise.

Secret sauce

EDM is noted for its flexibility and ability to support change and any type of data. Implementation timeframes are short, with optional standardized templates helping to accelerate deployment thanks to pre-packaged user interfaces, workflows, rules and data models. The completion of the integration of IHS Markit and S&P Global following their merger provides another point of differentiation by enabling access to new expertise and datasets, including ESG and private markets data.

Recent enhancements

• Sustainability: ESG datasets including S&P Sustainable1, Trucost Environmental data and third-party ESG sources have been integrated into EDM, helping clients to manage ESG data and comply with regulations, including the Sustainable Finance Disclosure Regulation (SFDR), Task Force on Climate-Related Financial Disclosures (TCFD), and the Corporate Sustainability Reporting Directive (CSRD).
• SaaS strategy: The latest improvements to EDM’s SaaS offering saw the launch of page designer, a no-code environment that allows business users to create pages on top of data dictionaries, using drag-and-drop functionality.
• Integration: Over the last year, EDM has been integrated with cloud-based data warehouse Snowflake.

Future objectives

• Empowering end-users, including data developers and data stewards, with the adoption of a no-code approach to define data quality rules and metrics and apply them to datasets within EDM
• Integrating additional S&P Global datasets into EDM to deliver increased value and reduce time to market
• Enhancing the SaaS EDM platform with the addition of more new applications

Why they won

S&P Capital Market Intelligence’s EDM offering wins yet another data management award thanks to its ability to consume and assimilate disparate data types from multiple sources in a single hub as a means of creating a reliable and transparent golden copy of that data. The premise is simple, but the execution is fiendishly complex to deploy successfully. EDM can be traced back more than 15 years to Citadel Associates and Cadis before it joined the IHS Markit stable in 2012. It has won numerous awards over the years making it arguably the most successful technology product this industry has witnessed over the past two decades.